Each Axie can be bred only seven times, introducing a strategic cap. Increased breeding numbers cost more SLP, raising token demand. This feature relates directly to Axie’s in-game economic framework. SLP’s usefulness makes it a cornerstone of the Axie Infinity gaming experience. Smooth Love Potion (SLP) tokens can be earned as rewards by Axie Infinity players through battle or adventure mode.

Defined rules will make it easier and safer to scale worldwide. Transparency is the key to adoption in traditional markets. The price of SLP Coin varies with supply, demand, and updates. More player activity increases minting and tends to decrease price. Outside influences such as crypto market trends also influence price. SLP is still a reactive token, bound very much to the mechanics of the game.

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New sinks such as land gameplay and crafting can potentially balance. Increased action boosts demand and may trigger price bounces. When there is decreased player interest, token circulation increases and prices dip. Recovery usually relies on new features, burns, or promotions.

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This limit exists in order to prevent hyperinflation in the marketplace. Should the digital asset you are seeking not be currently available on Bybit, please be advised that it will be introduced in the near future. Bybit disclaims all liability for any results or outcomes of such investments. The information regarding pricing and other relevant data presented herein is derived from publicly available sources. Instead, Axie Infinity’s mechanisms determine how tokens are distributed.

What was Smooth Love Potion’s lowest price?

Purchasing SLP on the slp coin forum open market is a way for gamers to get a headstart. Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points. Place a market order to sell instantly, or set a limit order at your targeted selling price.

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SLP tokens are used for breeding new digital NFT pets known as Axies. SLP Coin is not merely a game reward—it is part of an emerging economy. It erases the distinction between gaming enjoyment and economic value creation. Although problems such as inflation are present, developer responsiveness holds some hope. The token has already transformed lives in areas where income counts.

This limit is put in place to prevent market hyperinflation. Smooth Love Potion (SLP) is an ERC-20 utility token used as in-game currency for the blockchain-powered game Axie Infinity. Before the token was upgraded to the Ronin blockchain, it was known as “Small Love Potion.” Get early access to new tokens—trade them before they’re officially listed. Yes, indeed you can exchange SLP Coin for cash by selling it on platforms such as Binance, KuCoin, or Bybit. Once you sell your SLP to USDT or another stablecoin, you can withdraw the money to your bank account through P2P trading or supported withdrawal channels.

• Once you sell your SLP to USDT or another stablecoin, you can withdraw the money to your bank account through P2P trading or supported withdrawal channels.
• Crypto is under increasing regulation worldwide, and SLP is no different.
• You can purchase SLP Coin on Binance, KuCoin, and decentralized exchanges.
• It’s fairly unusual for in-game currency to be listed on exchanges like SLP has.

You can get SLP (Smooth Love Potion) in Axie Infinity by defeating PvP battles in the Arena mode and doing daily missions or seasonal events. The better you are and the higher your rank, the more SLP you will receive. Axie breeding also used to give SLP, although this might change with future game updates. SLP enjoys a dedicated community of players, guilds, and developers.

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• Although problems such as inflation are present, developer responsiveness holds some hope.
• Yes, indeed you can exchange SLP Coin for cash by selling it on platforms such as Binance, KuCoin, or Bybit.
• The price of SLP Coin is most influenced by player activity, Axie breeding demand, and updates from the Axie Infinity team.

Always have 2FA enabled and configure withdrawal address whitelists for security. As of Nov 20, Smooth Love Potion has a market capitalization of $35.6 Million and is ranked #506 among all cryptocurrencies. This calculation is based on the circulating supply of Smooth Love Potion. Showing market cap and how it’s compared to different cryptocurrencies. The best instant cryptocurrency exchange platform with the best exchange rates for BTC, ETH, LTC, XRP, ADA and 140+ other cryptocurrencies.

Its success confirms that virtual economies can sustain real livelihoods. SLP Coin could be the template for subsequent play-to-earn crypto schemes. Rapid minting and unlimited supply build inflation pressure. As players receive more SLP than is being burned, value drops. Sky Mavis is attempting to correct this through gameplay caps.

Combined, they sustain Axie Infinity’s in-game and ecosystem well-being. Both facilitate an understanding of Axie’s dual-token model. Each token serves distinct purposes, yet works nicely together. Tokens are newly minted every day according to user actions in-game. Tokens are burned as compensation for minting during Axie breeding. This balance maintains supply and demand in check relatively.

Inflation and oversupply soon sent prices plummeting sharply, however. Constant updates to patch the economy have introduced more volatility. It is still responsive to changes in user action and updating. The token has had a hard time recouping its previous highest values. Players require a specific number of SLP Coin to breed two Axies. The coin is consumed during the process, lowering the total supply every day.