Smooth Love Potion ( SLP Crypto ) is the Axie Infinity gaming metaverse’s in-game digital money. Known as Axies, these pets are bred by the game’s players. SLP tokens are now now traded on cryptocurrency exchanges due to an increase in demand.
What is SLP?
Axie Infinity users can receive Smooth Love Potion (SLP Crypto ) tokens as a prize for participating in battles or adventures in the game world. SLP crypto are tokens that may be used to breed new digital pets, known as Axies, in order to increase the number of SLP in your account. Prior to the token update to the Ronin blockchain, it was known as Small Love Potion in its previous incarnation.
Initially, the cost of breeding is 100 SLP, but it rapidly rises with time, reaching 200 SLP for the second generation of breeding, 300 SLP for the third generation, 500 SLP for the fourth generation, 800 SLP for the fifth generation, and 1,300 for the sixth.
In all, axies may be reproduced a maximum of seven times, with the seventh generation costing 2,100 SLP. This limit is in place in order to avoid the occurrence of hyperinflation in the market.
Axie Infinity games become more popular among players who want to make money or participate in DeFi as a result of the notion of Play-to-earn, which is made possible thanks to the SLP model. It is extremely popular in nations such as the Philippines where it has a large following.
The Axie Infinity game also contains a governance token, known as AXS, that players may use to engage in the decision-making process over the game’s future path.
How To Earn With SLP?
The Axie Infinity game allows you to gain SLP by participating in fights and doing daily objectives, which is why the term “play to earn” was born. Obtaining some Axies from the marketplace, which are animals that can be deployed to combat other players in the game, is required before you can begin playing the game.
Another option for earning Axies would be to apply for a scholarship from one of the many interest groups that provide Axies as a loan. The SLP collected from the game is divided between the scholarship recipients and the organization that lends out the Axies to the players.
Per Day, How Much SLP Can I Earn?
Earnings from SLP might vary widely depending on the ability and energy of the players. Since the most recent patch, the only way to earn SLP is to compete against other players in the arena mode. Players will no longer be rewarded with tokens in P2E mode.
SLP Price Prediction
Because SLP saw a bullish gain in 2021 and at the beginning of 2022, analysts predict that the cryptocurrency will reach $0.4002 by the end of the year, according to experts. If we continue on our present path of rapid development, it might easily reach $0.1027 or perhaps $0.5 by the end of the year, but this would be difficult to do.
The value of the currency may decline marginally, but no significant declines are forecast. Although some analysts believe that SLP will be worth just $1 next year, others believe that by the end of 2025, it will be valued as much as $5. Everything is dependent on changes in the market, the present political scenario, and the popularity of the game in question.
Where to Buy SLP?
Smooth Love Potion is a blockchain that may be found in games that are built on the Ethereum platform. There is an extremely limited supply of these tokens, and you may only purchase them on a few exchanges, including Binance, Gemini, Crypto.com, and FTX. There are no other places to acquire them.
Some of the platforms also allow SLP tokens, but you’ll need to be well-versed in cryptocurrency to be able to purchase them. It’s important to remember that there are only 4,372,441,637 coins in circulation. The price of Axie Infiniti is determined by the environment in which it exists, and the number of players in that ecosystem determines the current price of the cryptocurrency.
As the game’s popularity grows, the price of the game will decrease as well. On the other side, the price saw severe variations in value over a short period of time, indicating that the currency may result in significant losses.
The History of Smooth Love Potion
Perhaps you are familiar with the intriguing video game known as Pokemon, which spread over the world over a decade ago. As a reward for participating in that game, you were able to receive real-world dollars as well as non-fungible tokens. They are known as Axie, and they are capable of fighting, breeding, and—most importantly—trading.
If you battle with the Axes and gather ERC-20 tokens, much like you would collect coins in the Super Mario game, you will be able to breed a new Axie, which you can use to purchase additional Axes. You will need at least 100 SLP crypto to begin playing the game, and you may gradually raise the amount of money you have available based on the breeds you have available.
However, in order to avoid inflation, the number of breeding ups was limited to seven times by the creators. Not only did the money change depending on the value, but it also contained a game that was a big hit from the start. All of this sounds fantastic, but experts wonder if it is really necessary for long-term success.