Smooth Love Potion (SLP)

Smooth Love Potion (SLP) is a type of digital money found in the Axie Infinity metaverse game. It allows users to breed Axies, which are collectable digital creatures in the game. SLP tokens have increased in popularity to the point that they are being traded on cryptocurrency exchanges. In this article, we examine SLP’s position in the Axie Infinity game, as well as what it means for the whole crypto ecosystem.

Furthermore, the blockchain revolution has opened up a whole new world of possibilities limited by the human imagination only. Applications for blockchain technology are constantly evolving, and are rapidly gaining ground in many social media platforms, including the gaming industry. Many gaming sites prefer to use popular crypto-assets as promoters, such as BTC, ETH, or ADA. Others do their best to create their own native tokens.

Who are the creators of SLP?

The company’s CEO, Trung Nguyen, abandoned his job as a software engineer in the United States to focus on the project. According to Nguyen, blockchain’s gaming potential mostly depends on the blockchain that it runs on, because many gamers do not have big assets in well-known games.

The Ethereum platform, according to the blockchain players, enables us to create a “dream game.” According to him, the breeding procedure was created for those who have previously played collectible games like CryptoKitties.

How does SLP work?

As previously stated, a particular quantity of potions must be eaten to properly breed an Axie. The breed counts of both parents influence the cost of each breeding. The arithmetic is that if a parent has a high breed count, more potions are needed to breed them.

There are seven stages of breeding permissibility. According to the published charts;

The first level uses around 100 SLP

The second 200 SLP

The third 300 SLP

The fourth 500 SLP

The fifth 800 SLP

The sixth 1,300 SLP

The seventh 2,100 SLP

Let’s take a look at how the arithmetic for calculating the number of necessary potions for a breed works.

It is equal to the number of first parent breeds multiplied by the number of second parent breeds multiplied by the number of potions necessary.

How to earn SLP?

The most common way to obtain potions is to receive them as a prize after winning a game in Axie Infinity. This, however, can take a long time because you may need to win up to 15 competitions before you can execute your first breed. You may buy a boatload of SLP from Zipmex and other exchanges to get a head start and earn more SLP.

Tokenomics and Smooth Love Potion Prices

The SLP token’s overall value is uncapped, and the rotational supply is continually changing. This is due to the fact that SLP tokens are always created by in-game actions and then burnt whenever new Axies are generated through the breeding process. As a result, receiving SLP crypto is conditional on playing the Axie Infinity game.

As a consequence, as Axie Infinity’s user base expands, an increase in player involvement, in-game tournaments, and other SLP-producing activities is likely to result in a considerable rise in the quantity of SLP created.

The SLP coin has value both in the Axie Infinity metaverse and in the larger crypto market, due to the gaming economy ‘play-to-earn’ concept. Basically SLP is different from most of the other in-game currencies because the token is exchanged on decentralized SLP token exchanges. It can also be exchanged for a landmark traded on Axie Infinity and the Axie marketplace, as well as on the metaverse and NFT markets.

Conclusion

The concept of an obscure and very volatile in-game reward token being accepted and extensively utilized for payments would enrage critics of cryptocurrency. We’ve heard a lot about it, with the International Monetary Fund railing against El Salvador’s plan to accept bitcoin as legal cash.

However, the “suitability” of any tender is very subjective, and volatility is a good problem to have in the developing world, where many nations are still reeling from the economic impact of COVID-19. Of course, if you’re not in the business of producing Axies, SLP’s value isn’t much of a consolation prize, but it just serves to emphasize the genuineness of this community and the genuine, organic need for the token.

SLP is the elixir of community growth for these next-gen consumers, illustrating that the notion of money is flexible and value is in the eye of the (be)holder.