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.
History of SLP and Axie Infinity.
Axie Infinity is a blockchain-based game that helps increase SLP power. The Axie is a digital animal that can be collected, nurtured, educated, and ultimately used in combat in this visible world.
Animated characters are designed to have unique characteristics that reflect their availability and fighting power. In addition, the Ethereum blockchain can be used to store all its genetic information.
A certain number of tokens is required to reproduce Axie, which is determined by the calculation of the parent type. Before December 19, 2019, the breeding fee was XPs. After the Alpha release, however, a new use was ascribed to it, allowing a newer entrant to do comparable responsibilities.
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.
What is Smooth Love Potion (SLP)?
The ERC-20 token Smooth Love Potion, formerly known as Small Love Potion, was created to meet this demand.
Axie Edge has created the Smooth Love Potion (SLP) game token. The currency is built on the Ethereum network, and its presence on the Uniswap liquidity pool has allowed it to break into both the gaming and DeFi spaces.
It is utilized for fascinating reasons, even though it is not a complicated gaming token. It is primarily used as a major cryptocurrency for breeding pet animals in Axie Infinity. SLP is available to trade on Decentralized Exchanges (DEX) such as Uniswap, as well as centralised Exchanges like Binance.
Use Cases of SLP
Users that possess SLP may enjoy the following features, which have been designed to provide a seamless gaming experience on Axie Infinity:
- Ability to breed Axies up to seven times in the game
- Users who have reached certain levels are eligible for incentives.
- Uniswap allows you to buy and sell items.
What makes SLP special?
SLP is gaming money, and CEO Nguyen has chosen to make the coin usable in Super Mario essential. According to Nguyen, Axies is distinct from other fungible tokens. It is a one-of-a-kind token since it belongs to the top gaming tokens and is traded on the Binance Exchange.
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 900 SLP
- The second 1350 SLP
- The third 2250 SLP
- The fourth 3600 SLP
- The fifth 5850 SLP
- The sixth 9450 SLP
- The seventh 15300 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.
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.