What is SLP Digital Currency and its Relationship to Axie Infinity
SLP Digital Money — The currency that you earn by playing Axie Infinity (Smooth Love Potion).
Getting the SLP may take time through the game, and the player may need to win 15 contests in order to get enough coins to perform the first series.
Buying SLP on the open market is a way for players to gain an advantage.
SLP paves the way for the Play-to-Ear concept that promotes Axie Infinity games among gamers looking to earn some money or participate in decentralized finance, and is especially popular in countries like the Philippines.
How Much SLP Token Can I Earn Daily?
SLP earnings can vary depending on players’ skill and energy resources. On average, a good player can reasonably earn 200 SLP per day by winning battles and performing daily quests.
SLP Cryptocurrency Founders
The founder of Axie Infinity is the CEO of the company behind the game is Trung Nguyen, who has already left his role as a software developer in the United States in order to focus on the project.
According to Nguyen, he was excited to explore the potential of blockchain in gaming because he was frustrated by the number of players who don’t really own valuable assets in popular games. In an interview with Blockchain Gamer, he said that the Ethereum platform gave him the ultimate opportunity to create his “dream game.”
Nguyen says the breeding process, for which the SLP is used, is designed to be familiar to those who have played other collectible games such as CryptoKitties.
SLP digital currency project and its advantages
It is somewhat unusual for in-game currency to be listed on exchanges such as SLP. In a way, it’s as if Nintendo decided to tie the monetary value to the coins used in Super Mario.
Nguyen says that Axies are different from other non-fungible coins because they need to be nurtured if they are ever going to have any chance of reaching adulthood.
SLP is also unique in that it has become one of the few in-game cryptocurrencies to be listed by Binance in its innovation area. The exchange reserved this trading class for assets “which are likely to have higher volatility and pose higher risk than other currencies.”
Information about the SLP cryptocurrency
The total number of SLP tokens is more than 2 billion coins
The highest value reached on April 30, 2021, when its price reached $0.3642
Its smart address on the Ethereum network: here
Official website of SLP cryptocurrency: here
The official Twitter account: here
Where to buy SLP tokens?
There are many places where you can buy SLP cryptocurrency, but the best one is Binance, which has a daily trading volume of $430 million.
In case you do not have a Binance account, we recommend that you read the following article that shows the steps to register with pictures.
Slp Coin Future
One of the most famous fields that topped various news websites in different countries of the world is the field of electronic currencies and trading in them, and many people want to know the news of these currencies, which have become one of the greatest interests of young people and investors from all countries of the world.
There are many famous currencies that have attracted investors over the past years, including:
Bitcoin
Ethereum
slp . coin
Shiba coins
In this article, we will remind you of some notes and the future of the slp currency
The slp currency reached 0.4 US dollars as its highest value, as this currency is closely related to the well-known digital currency Bitcoin, and it is expected that this currency will increase in value significantly in the coming days in light of the increase in value of the Bitcoin currency.
SLP Price Live Data
The live Smooth Love Potion price today is $0.013973 USD with a 24-hour trading volume of $404,210,425 USD. We update our SLP to USD price in real-time. Smooth Love Potion is up 29.98% in the last 24 hours. The current CoinMarketCap ranking is #565, with a live market cap of $52,105,694 USD. It has a circulating supply of 3,729,040,643 SLP coins and the max. supply is not available.
If you would like to know where to buy Smooth Love Potion, the top cryptocurrency exchanges for trading in Smooth Love Potion stock are currently Binance, OKX, Bitget, Mandala Exchange, and FTX. You can find others listed on our crypto exchanges page.
What Is Smooth Love Potion (SLP)?
Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.
SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace.
It can take time to accrue SLP through the game, and a player may need to win 15 competitions in order to gain enough tokens to perform their first breed. Purchasing SLP on the open market is a way for gamers to get a headstart.
Who Are the Founders of Smooth Love Potion?
A better question is this: who founded Axie Infinity? The CEO of the company behind the game is Trung Nguyen, who actually left his role as a software developer in the U.S. in order to focus on the project.
According to Nguyen, he was motivated to explore blockchain’s potential in gaming because he was frustrated at how many players don’t truly own valuable assets in popular titles. In an interview with Blockchain Gamer, he said the Ethereum platform had given him the ultimate opportunity to create his “dream game.”
Nguyen says that the breeding process, for which SLP is used, is designed to be familiar to those who have played other collectible games such as CryptoKitties.
What Makes Smooth Love Potion Unique?
It’s fairly unusual for in-game currency to be listed on exchanges like SLP has. In a way, it’s like Nintendo deciding to tie monetary value to the coins used in Super Mario.
Nguyen says Axies are different from other non-fungible tokens because of how they need to be nurtured if they are going to have any chance of reaching adulthood.
SLP is also unique because of how it has become one of the few in-game tokens to be listed by Binance in its Innovation Zone. The exchange has reserved this trading category for assets “that are likely to have higher volatility and pose a higher risk than other tokens.”
Related Pages:
Find out about the Axie Infinity (AXS) governance token.
The latest data about Ethereum.
Find out more on our deep dive on Axie Infinity, and how Axie Infinity compares to CryptoBlades, another popular Play2Earn game.
Check out our guide on the top NFTs games of 2021.
Learn about the magical world of cryptocurrencies with CoinMarketCap Alexandriа.
Want to keep track of Smooth Love Potion prices live? Download the CoinMarketCap mobile app!
Want to convert the Smooth Love Potion price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator.
How Many Smooth Love Potion (SLP) Coins Are There in Circulation?
When it comes to tokenomics, the number of SLP in circulation is rather fluid. That’s because of how these tokens are burned whenever new Axies are bred. Nonetheless, at the time of writing the circulating supply of SLP was in the tens of millions — and this ERC-20 token does not have a hard cap.
If the number of Axie Infinity players increase substantially, this could result in much higher levels of SLP entering into the ecosystem as more competitions are won and lost.
Smooth Love Potion price rallied to an all-time-high (ATH) of $0.3642 on May 1, 2021, then dumped by almost 75% of its value. Prices proceeded to peak again in mid-July to reach a high of $0.3462. Smooth Love Potion price has since followed a downward trend.
How Is the Smooth Love Potion Network Secured?
Smooth Love Potion doesn’t have its own blockchain as it is an ERC-20 token — instead, it runs on the Ethereum blockchain.
Where Can You Buy Smooth Love Potion (SLP)?
When SLP initially launched, it didn’t actually have a fluctuating value as a cryptocurrency. However, this all changed when a liquidity pool for SLP was created on Uniswap. As we mentioned, the Binance Innovation Zone has unveiled support for the Pokémon-inspired game.
The top exchanges where you can buy, sell, and trade SLP currently are: Binance, KuCoin, Gate.io, FTX, Gemini, OKEx, Uniswap (V3), SushiSwap and many more.
Numerous trading pairs are offered, including SLP/ETH, SLP/USDT and SLP/BUSD. However there is substantial interest in the Philippines for the SLP to PHP price and also in Australia for the SLP to AUD and Europe for the SLP to EUR prices.
All of this means that you may have a little difficulty purchasing SLP directly with fiat. As a result, you may need to convert your dollars, pounds or euros into a mainstream cryptocurrency such as Ethereum first.
If you are new, you can find our simplified guide for purchasing crypto, project deep dives and more educational content on CoinMarketCap Alexandria.
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