Smooth Love Potion (SLP) is a reward token within Axie Infinity, a "play-to-earn" pet training game, and a virtual world built on the Ethereum blockchain. Players can earn SLP by playing the game in adventure or battle mode and use SLP to breed in-game Axies and level up a creature.
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Scroll down for our detailed overview of the SLP token!
What Is Smooth Love Potion?
The Smooth Love Potion, formally known as the Small Love Potion, is the in-game digital currency of the Axie Infinity gaming metaverse, a leading blockchain game based on the Ethereum blockchain and inspired by the popular Pokémon games series.
Players can collect, raise, breed, battle, and trade token-based creatures called Axies within the Axie Infinity Universe. Each Axie is a unique NFT that can be bred to produce more Axies or traded through an in-game P2P Axie marketplace.
Players can also earn income in the form of two ERC-20 tokens, Smooth Love Potions (SLP) and Axie Infinity Shards (AXS).
SLP can be earned as a reward by Axie Infinity players by actively participating in the Axie Infinity games in battle or adventure modes through completing quests, competing in peer-to-peer battles, etc. SLP tokens can be used to breed new Axies, which can then be traded for AXS. Investors who don't want to play Axie Infinity can still buy Smooth Love Potion on cryptocurrency exchanges.
SLP Tokenomics
SLP is an ERC-20 gaming token for breeding Axies. After each Axie breeding, the used SLP tokens will be burned. The cost of breeding begins at 100 SLP, increasing to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth, 1,300 for the sixth, and 2,100 SLP for the seventh breed.
Axies can be bred up to seven times, and this limit exists to avert market hyperinflation.
The demand for SLP is expected to increase as players try to get ahead of the breeding game because players can only farm a limited amount of SLP in the Axie Infinity game.
The SLP price varies based on the forces of supply and demand.
The SLP token doesn't have a maximum supply as it's an in-game token minted due to users’ actions. Its circulating supply continuously varies because SLP tokens are generated from in-game activities and burned when new Axies are created from the breeding process.
Smooth Love Potion (SLP) highest and lowest price were $0.399727 in July 2021 and $0.00312759 in June 2020, respectively.
Smooth Love Portion Founders
Axie Infinity was launched in 2018 by Vietnamese gaming studio Sky Mavis and was co-founded by Trung Thanh Nguyen and Aleksander Larsen. Sky Mavis was founded with fund manager Jeffrey Zirlin, art director Tu Doan, and full-stack engineer Viet Anh Ho in 2018.
Among the investors of Sky Mavis are leading venture capital Andreessen Horowitz, owner of Dallas Mavericks Mark Cuban, crypto derivatives exchange FTX, etc.
Trung Nguyen is the CEO of the battling game company. He is a software engineer and has worked at the IT company Anduin Transaction. Nguyen was the co-founder and CTO of a social network for food bloggers called Lozi. He got the idea of the platform while playing Crypto Kitties.
Aleksander Larsen is the COO of Axie and Sky Mavis. Larsen is a former competitive gamer representing the Norwegian national team in Warcraft 3 and DotA. He is a business intelligence specialist and was a moderator at Crypto Kitties. Along with his ongoing role at Axie, Larsen is also a Secretary on the Board of Directors at the Blockchain Game Alliance.
How Does Smooth Love Potion Work?
Players can earn SLP by winning a game in Axie Infinity, completing daily quests, battling other players in the Arena (PvP), or fighting in the Adventure mode (PvE).
There is a limited amount of SLP players can earn per day, and the SLP utilized for breeding will be burned once a new Axie is created.
After reaching a particular amount of SLP coins, gamers can start to breed their unique Axies.
However, you must win a maximum of 15 competitions before performing your first breed.
Where to Buy Smooth Love Potion?
You can buy Smooth Love Potion (SLP) on several crypto exchanges, including Binance, KuCoin, Gate.io, FTX, Gemini, OKEx, Uniswap (V3), SushiSwap, etc.
