Smooth Love Potion (SLP)is used as the in-game digital currency of the Axie Infinity game metaverse. The SLP coin enables its Players to produce collectible digital pets known as “Axies”. The overall demand for SLP tokens has increased to be traded on cryptocurrency exchanges as well, and listings have therefore increased slightly. So what is SLP coin? Can I buy SLP coins?
Smooth Love Potion (SLP) is an ERC-20 token that is the in-game asset of the popular blockchain-based game metaverse Axie Infinity. Axie Infinity players are called Axies, represented by NFTs, which they can produce, sell or deploy in battle against other players. collects unique digital pets. The Axie Infinity game has a multi-token economy and uses another already popular ERC-20 token called Axie Infinity Shards (AXS) as a governance token for its ecosystem.
SLP coin or SLP token is used in-game to facilitate the breeding of Axies. SLP is not only earned in the Axie Infinity metaverse, but can also be traded on supported cryptocurrency exchanges, a notable feature that provides broader market access to the in-game currency. Demand for SLP arose when a liquidity pool was created for ETH-SLP on decentralized exchange (DEX) Uniswap, and as a result, SLP also moved out of the game. Axie Infinity Since it has become one of the most popular blockchain-based games, SLP has gained popularity in the value of in-game assets both within and beyond the metaverse.
Koinfinans.com Against all these market moves, Axie Infinity is not responsible for selling SLP tokens to players and does not provide liquidity for SLP swaps. Instead of, Smooth Love Potions tokens are generated in the Axie Infinity game itself. To achieve SLP in the game, players must win battles against computer-controlled monsters in “adventure mode” or enter competitions against other players in “arena mode”. Winning in any of these scenarios will give players rewards in the form of experience points as well as SLP tokens.
Can I Buy SLP Coins?
SLP, which gained popularity by emerging into the in-game ecosystem, actually remains quite volatile. Although it has in-game features, it tends to follow the trends in the cryptocurrency market. Although the crashes brought the price down, the community prevented SLP from dying out completely.
Some updates carried out by Sky Mavis in 2021 resulted in the move of Axie Infinity to the Ronin sidechain and faced many bottlenecks and high gas fee problems in the ecosystem. While these developments continued, the price of SLP coin rose to $ 0.36.
Axie Infinity game’s high daily player count and continuous improvement is seen as an important factor, which could potentially increase the price of the SLP coin.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.