Smooth Love Potion

What is Smooth Love Potion (SLP)?

Smooth Love Potion (SLP) is another ERC-20 token native to the Axie Infinity game, serving as the in-game currency for the process of breeding new Axies. The player wins it during gameplay. It can be used to breed new Axies, or, if the user wishes, it can be exchanged on numerous cryptocurrency exchanges.

What Problems Does Smooth Love Potion (SLP) Solve?

SLP addresses:

• Breeding Costs: Provides a utility token specifically for Axies in the game.
• Player Incentives: Players are rewarded for participating in the Axie Infinity ecosystem.
• In-Game Economy: Allows for a player-driven economy for Axie Infinity.

What Does the Crypto Market Lack That Smooth Love Potion (SLP) Provides?

The SLP benefits the crypto market by:

• Supporting Play-to-Earn (P2E): It allows in-game economies to provide incentives for players.
• Encouraging Gameplay: Gives physical rewards whose value can be exchanged in the real world.
• Integrating with DeFi: This might allow a broader spectrum of usage beyond just the game, for instance, trading and liquidity provision.

History & Achievements

SLP was created to support the breeding mechanics of Axie Infinity. Since then, it has drawn an incredible amount of attention across the play-to-earn gaming sector, with its core traction in Axie Infinity's in-game economy.

Who Designed Smooth Love Potion (SLP)?

SLP was created by Sky Mavis, the parent company of Axie Infinity, founded by Trung Nguyen, Aleksander Larsen, and Jeffrey Zirlin.

What Type of Technology Does Smooth Love Potion (SLP) Utilize and What Is Its Working Principle?

SLP uses:

• Ethereum Blockchain: It ensures secure transactions and token management.
• Ronin Sidechain: Lower transaction fees and raise the scalability levels within the Axie Infinity ecosystem.

What Influences the Price of Smooth Love Potion (SLP)?

Factors influencing SLP price:

• Game Activity: Number of players and breeding activities going on in Axie Infinity.
• Market Sentiment: Trends with the gaming and NFT markets.
• Regulation Changes: Cryptocurrency regulation changes.

How Many Smooth Love Potion (SLP) Tokens Are in Circulation?

There are around 41,369,158,816 circulating SLP tokens.

What is the Maximum Supply of Smooth Love Potion?

In regard to this, SLP has an uncapped total and maximum supply, meaning it is inflationary with regards to what players would earn more of through gameplay.

What is the Utility of Smooth Love Potion (SLP)?

SLP tokens can have the following uses:

• Breeding: The primary utility is to be able to breed Axies in the Axie Infinity game.
• Trading: SLP is tradable on various exchanges.
• Staking: A possibility for liquidity pools or other decentralized finance application use.

Tokenomics of Smooth Love Potion (SLP)

SLP tokenomics consists of:

• Inflationary Supply: The token supply inflates with every SLP earned through gameplay.
• In-Game Utility: A component of Axie Infinity's economy as it relates to breeding.
• Market Dynamics: Supply and demand in the Axie Infinity community and on the free market.

What is the All-Time High and All-Time Low for Smooth Love Potion (SLP)?

• All-Time High: $0.3997 on July 13, 2021
• All-Time Low: $0.001308 on September 11, 2023

Where to Purchase Smooth Love Potion (SLP)?

SLP tokens can be purchased on the following major cryptocurrency exchanges:

• Binance
• Uniswap
• Gemini
• Kraken

Who Invested in Smooth Love Potion (SLP) Early on in Its Development?

SLP is a utility token directly tied to Axie Infinity and, therefore, cannot undergo the typical stages of early investment. Notably, Axie Infinity has attracted investments from major venture capital firms like Andreessen Horowitz.

What Are the Revenue Streams of Smooth Love Potion (SLP)?

SLP's income sources include:

• In-Game Usage: Revenue gained from Axie.
• Trading Fees: From the exchanges at which SLP is traded.