Your Ultimate Guide For Smooth Love Potion (SLP) Crypto

Salary for SLP: For upon|Smooth Love Potion (SLP) is a virtual currency in the Axie Infinity metaverse game. Users may use it to breed Axie, which are virtual animals that can be collected in the game. The popularity of SLP tokens has grown to the point that they can now be exchanged on various crypto exchanges! Salary for SLP.

So, let’s dig deeper and understand SLP and what it signifies for the whole crypto ecosystem.

What is Smooth Love Potion (SLP)?

Smooth Love Potion (SLP), which sounds like a track from a Barry White album, is in fact an in-game commodity that allows users to breed “Axie,” the adorable animal progeny which populates the Axie Infinity universe. Salary for SLP.

Axie Infinity is a blockchain-based play-to-earn platform that awards users with Smooth Love Potion (SLP) Tokens for completing tasks, defeating bosses, and competing in P2P cartoonish combats. Even though SLP Tokens cannot be acquired directly from the game (you must win them through in-game chores), they are regularly sold on several crypto exchanges. Salary for SLP.

The NFT Game Axie Infinity is led by Trung Nguyen.  It was initially conceived in December 2017 but was developed by Sky Mavis. The visual aesthetics and fight system mechanics of Axie Infinity just go to show that Nguyen was influenced by the famous cartoon Pokémon. Salary for SLP.

Axie Infinity wants to become a decentralized autonomous organization (DAO). According to the official plan, the DAO will be fully implemented by September 2023. However, some token supply operations may be integrated into the smart contracts. Salary for SLP.

What is the best way to get SLP tokens?

The first method to get SLP tokens is by winning a game in Axie Infinity. However, before executing their first breed, participants must win a total of 15 contests. By acquiring a significant amount of SLP tokens from the exchanges that support SLP, players may progress faster and even earn more SLP tokens. Salary for SLP.

Players can acquire the SLP tokens by completing daily objectives, competing in Arena battles, or fighting in Adventure mode (PvE). Players may only earn a certain amount of SLP every day, and any of these tokens used for breeding will be burnt once a new Axie is born. Gamers can begin breeding their own Axie once they have earned a certain quantity of SLP tokens. Salary for SLP.

SLP trade volumes in the token economy

The SLP crypto-asset now has a total supply of more than 3.76 billion (INR 28,000 Crore) units and a market value of $0.015 (INR 1.15). As a result, the market capitalization is $59.24 million. There is no limit to the supply because it is an in-game token created in response to user activities. Salary for SLP.

SLP Trading volumes are unusually strong; in February 2022, it recorded a 24-hour high of $566.52 million (over INR 4,000 Crore). This might be due to a massive amount of secondary transactions on the NFT market, as well as a high level of SLP minting activity. Salary for SLP.

In NFT games, high trade volumes might be interpreted as an indication of high user involvement. SLP is believed to have trended due to news from Axie Infinity’s parent company, Sky Mavis. According to Currency.com, Axie Infinity’s reward structure was revamped on February 7th, thereby halving the amount of SLP. The daily quest rewards have also been reduced, decreasing supplies even further. Salary for SLP.

What’s the best way to get Smooth Love Potion?

Zebpay is undoubtedly the best crypto exchange for getting the Smooth Love Potion crypto as we provide you with robust internal controls and store nearly 98% of the cryptos in cold wallets. Salary for SLP.

All you need to do is create an account with us and buy your SLP tokens! You can use your credit or debit card to fund your account. Start trading on ZebPay today!

Takeaway

The Smooth Love Potion (SLP) is a fascinating form of crypto, not just because of its quirky name but also because of its use mechanism in the NFT Game Axie Infinity, which might be considered a prototype of a metaverse. SLP, in some way, gives everyone a glimpse into what the metaverse is. It also gives a peek into its inner workings and tells you what the economy will be like in the future. Salary for SLP.

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