Smooth Love Potion SLP

1. Summary

Ranks

Liquidity

96

Developer

61

Social

100

Momentum (beta)

63

Stack Rank™

77

Price

$0.002974230000 +4.6%

Market Cap

$123.02M (#342)

Supply

41.37B /

Tags

Entertainment NFT Axie Infinity Gaming Play To Earn Ethereum Ecosystem Gaming (GameFi) Ronin Ecosystem Gaming Utility Token

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Price
52W High price	$0.007697030800
52W High date	10th Mar 2024 (4 months ago)
All Time High (ATH) Date	13th Jul 2021 (3 years ago)
ATH Price	$0.40
% From ATH	-99.06%
All Time Low (ATL) Date	11th Sep 2023 (10 months ago)
ATL Price	$0.001307720000
% From ATL	187%

Supply & Trading Volume
Trading Volume (24h)	$6.79M
Circulating Supply	41.37B

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Description

Smooth Love Potion (SLP) is an ERC-20 token used in the Axie Infinity gaming metaverse. It is earned by players through battle or adventure mode as a reward. SLP tokens are used to breed new digital pets called Axies. The cost of breeding starts at 100 SLP and increases for each subsequent breed, up to a maximum of seven breeds.

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Smooth Love Potion (SLP) is an ERC-20 token used in the Axie Infinity gaming metaverse. It is earned by players through battle or adventure mode as a reward. SLP tokens are used to breed new digital pets called Axies. The cost of breeding starts at 100 SLP and increases for each subsequent breed, up to a maximum of seven breeds.

How SLP Tokens Are Used

• SLP tokens are necessary for breeding Axies, which are digital pets used in the game.
• The cost of breeding begins at 100 SLP and increases for each subsequent breed.
• Werbung

Features

• Smooth Love Potion is part of the Axie Infinity game, popularizing the concept of "Play-to-Earn."
• SLP is an in-game currency earned by completing player vs. environment (PvE) and player vs. player (PvP) objectives.
• It can be used to breed Axies and sold on secondary markets.
• SLP can also be used as a form of payment in certain establishments in the Philippines.
• It does not have a governance role, but it is used in the game to breed Axies.
• The Axie Infinity team has implemented mechanisms like token burning to manage supply and prevent hyperinflation.

Token History

• Initially known as Small Love Potion, SLP was part of Axie Infinity since its launch in 2018.
• The SLP token has seen price peaks and troughs, influenced by game headlines and changes.
• There has been a mechanism to reduce the token supply through burning during Axie breeding.

In-Game Role

• SLP acts as a utility token, mainly used for breeding Axies.
• Token earning is tied to PvP activities, and it is not subject to any consensus mechanism.
• It serves as a reward for players and is necessary for breeding digital pets used in the game.

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