Smooth Love Potion (SLP) is an ERC20 gaming token in the popular NFT game Axie Infinity. It has an unlimited supply and is the main source of income for Axie Infinity players. Within the Axie Infinity ecosystem, players can use SLP to breed digital pets, so-called Axies, which can then be sold on the market as NFTs to other players.
To earn SLP, players can complete daily quests, battle other players in the arena (PvP) or in adventure mode (PvE). There is a limited amount of SLP players can earn per day, and the SLP used for breeding will be burned once a new Axie is created.
Amid the rise of NFTs, blockchain technology has opened up a whole new world of possibilities. More and more companies are building their gaming metaverses on the blockchain, and many of these allow players to make money while playing. One of them is Axie Infinity, which has been gaining popularity since 2018.
Axie Infinity’s rewards consist of its own ERC20 token, Smooth Love Potion (SLP). As a cryptocurrency, users can buy and sell SLP tokens on crypto markets. Axies that can be traded as NFTs on the Axie Infinity marketplace.
Axie Infinity is a play-to-earn NFT game in which players battle each other using the game’s unique characters called Axies. You can think of an Axie as a Pokemon. Each has a different class, body parts, and stats. They are non-fungible tokens (NFT) that can be stored in an Ethereum wallet or a Ronin wallet. The Axie Infinity ecosystem is based on the Ethereum blockchain. To play, you must assemble a team of Axies.
You can buy Axies in the market or borrow them from other players in a grant program. You can also breed new Axies with Smooth Love Potion (SLP) tokens. SLP tokens can be earned by playing Axie Infinity, and high-level players are also rewarded with AXS tokens. Additionally, AXS holders can participate in the governance of the Axie Infinity ecosystem.
Smooth Love Potion
As mentioned earlier, Smooth Love Potion (SLP) is the native cryptocurrency of the game Axie Infinity. Formerly known as “Small Love Potion”, SLP is an ERC20 gaming token with an unlimited supply. In November 2021, SLP’s market cap reached $197 million. USD with an outstanding supply of over 3 billion.
SLP can be earned by completing daily quests or participating in battles or in-game quests. After earning a certain amount of SLP Coins, players can start farming their unique Axies. The cost of breeding each Axie is different as it depends on the number of breeds of the pre-existing Axies (the parents). Axies can spawn a maximum of 7 times each. As the number of races increases, more SLPs will be needed.
Uses of Smooth Love Potion
There are a number of ways in which you can use Smooth Love Potion:
- Breeding Axies
The cute battle monsters you own have value. You can not only use them for battles but also sell them to other players. And if you want to make more money selling Axies, you need to learn how to breed them. Yes, Axies have the ability to reproduce and have offspring. But farming them requires SLP, so make sure you have more than enough of these tokens in your wallet.
- Sell in exchanges
SLP is an Ethereum-based cryptocurrency that has real monetary value. This means you can make money by selling it on cryptocurrency exchanges. Plan your sale to avoid losses and make sure the exchange you are selling your SLP on is reputable and has reasonable fees.
- Buy real items
Since the value of the SLP coin is tied to real money, you can use it to buy real-world products and services. From sneaker shops to restaurants, many establishments in the Philippines already accept SLP as a form of payment. However, it’s worth checking to see if this is common in your neighbourhood, city, or town.