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SLP Inflation And It Solutions
There is no cap on the number of SLP tokens that will ever be issued because there is a limitless supply of SLP tokens.
Due to this, the atmosphere for new players became unsustainable, and the number of users decreased. In a blog post, the developers of Axie acknowledged that “the Axie economy demands immediate dramatic and decisive intervention, or we face complete and permanent economic collapse.”
These issues are resolved in the “Season 20” update. A number of game features, including “adventure mode” and “daily quest,” have seen their emission rates drop from 130 million SLP to zero. This results in a 56% reduction in the daily supply of SLP tokens.
SLP tokens are obtained through “area fighting,” a card-based, turn-based minigame, in Axie Infinity. When breeding or upgrading Axies, SLP will be
What Are Smooth Love Potions Tokens?
If you came here looking for directions on how to build Cupid’s arrow and wondering if you could buy love, you may have come to the wrong place. Instead, in order to determine whether it is advantageous to invest money in these sectors, we will examine the most recent developments in NFTs and cryptocurrencies. a few nice components Love Potion with Silky Smoothness (SLP).
The well-known blockchain-based online game Axie Infinity was created in Vietnam by Sky Mavis. Axie Infinity’s in-game currency is called Smooth Love Potion (SLP).
SLP Token Definition
The Smooth Love Potion (SLP) is the game’s currency in Axie Infinity. It is an ERC-20 token. By completing in-game tasks or by breeding fresh Axies—animals that resemble Pokemon and which you use in combat with other players—you can acquire the token. This should not be confused with the Axie Infinity token, also called AXS, which acts as the game’s governance token. At the time of writing, there are 5.37 trillion $SLP in use.
An intrinsic problem with the SLP token was that there was no cap on the amount of tokens. More tokens are created each day when more players participate in the game. This inexorably led to enormous inflation, which brought the game’s economy to a standstill.
What is the SLP token used for?
The following features, which were created to make playing on Axie Infinity as fun as possible for users who have purchased SLP, are available to users.
the ability to breed Axies seven times in all during the game.
provided as rewards for people who have achieved a specific level of success.
can be purchased and sold on a variety of platforms.
when appropriate, traded using ETH as the trading pair in Binance’s Innovation Zone.
About Axie Infinity
On Ethereum, a Pokémon-based universe called Axie Infinity is being created. Anyone who plays well and improves the ecosystem is eligible to earn tokens. On Axie Infinity, users create “Axies,” which are essentially land-based kingdoms, for their pets. They can buy Axies from other players on the Axie Infinity Marketplace to join the game. The Axie Infinity universe is open to third-party developers, who have access to all in-game resources and Axie-related data.
History Of SLP
Smooth Love Potion (SLP), a digital asset built on Ethereum, was established. It was created as a means of expressing gratitude to users for their participation in the Axie Infinity network. Smooth Love Potion (SLP) is an in-game currency that may be used to buy breeding costs and other things. It may also be exchanged for different things on the market.
The name “Smooth Love Potion” comes from a popular Korean treat called “glutinous rice cake.” In order to show someone how much you care, it’s common to give them glutinous rice cakes.
The Axie Infinity team introduced the Smooth Love Potion (SLP) coin on December 19, 2019. The team chose to create the currency after seeing the popularity of projects like CryptoKitties and Decentraland (MANA). In addition to giving people credit for their work, we want to foster a sense of community around the game.
How Does SLP Work?
As was previously said, a specific quantity of potions must be consumed to successfully breed an Axie. The breed counts of both parents are used to compute the breeding cost. A parent would require more potions to breed them if their breed count was high.
There are seven permitted levels of breeding. Existing figures show that the first level uses about 100 SLP, the second level 200 SLP, the third level 300 SLP, and the The The fourth level is 500 SLP, followed by levels five and six at 800 SLP, 1,300 SLP, and 2,100 SLP, respectively.
Let’s look at a simple explanation of the math that’s utilised to calculate how many potions are required for a breed. It is a first-place number.
How To Earn SLP?
SLP can be obtained through completing daily objectives, participating in PvP matches in the Arena, or taking on monsters in the Adventure mode (PvE).
Complete Daily Missions
Users will receive an additional 25 SLP from the daily quest starting in November 2021 if they do a daily check-in, complete 10 adventure mode levels, and triumph in 5 arena battles.
Battle In Arena (PvP)
The game’s main source of SLP rewards is arena (PvP). Depending on their individual ranks, players are pitted against one another in the PvP Arena (MMR). Each Arena match consumes one energy, and each win awards SLP in accordance with the player’s MMR. The more SLP you receive for each victory, the higher your rank. Keep in mind that SLP prizes require an MMR of 800 or higher.
If a player’s energy is low, they can still participate in PvP to raise their MMR, but they will not receive SLP rewards. From the main menu, which is located in the upper left corner of the screen, you may view your remaining energy. Your energy grows in direct proportion to your Axies.
Combat In Adventure Mode (PvE)
The game’s single-player mode is called adventure. It has 36 stages that get progressively harder and offer SLP rewards. The maximum SLP gain per day via adventures is 50. Adventure mode does not require energy; it is only necessary if you want to earn Axies experience points.
Farming SLP in PvE takes less time and effort than in PvP. SLP prizes, however, are only available once every adventure level. To fulfil the SLP reward requirements for a daily assignment, you can retry the same level, but you won’t earn any more SLP awards. You may also be at the bosses at specific levels to receive one-time SLP awards, which will help you earn more SLP.
SLP Inflation And It Solutions
There is no cap on the number of SLP tokens that will ever be issued because there is a limitless supply of SLP tokens.
Due to this, the atmosphere for new players became unsustainable, and the number of users decreased. In a blog post, the developers of Axie acknowledged that “the Axie economy demands immediate dramatic and decisive intervention, or we face complete and permanent economic collapse.”
These issues are resolved in the “Season 20” update. A number of game features, including “adventure mode” and “daily quest,” have seen their emission rates drop from 130 million SLP to zero. This results in a 56% reduction in the daily supply of SLP tokens.
SLP tokens are obtained through “area fighting,” a card-based, turn-based minigame, in Axie Infinity. When breeding or upgrading Axies, SLP will be
FAQs About SLP
What Is Smooth Love Potion Price?
SLP has had a lot of volatility. On Coinmarketcap, you can view the current price of smooth love potion.
How To Buy Smooth Love Potion?
You must open an account with one of the following cryptocurrency trading platforms that support SLP trading if you’re interested in trading SLP:
Binance, Coinbase, FTX, Kucoin, and numerous other well-known centralised exchanges for cryptocurrencies.
Is Smooth Love Potion A Good Investment?
Every investment carries with it the potential for loss, but Bitcoin’s value is particularly vulnerable to market movements. You should have a thorough understanding of SLP before investing in it. Does it have any features that can be applied to the actual world? Additionally, you should think about your situation, goals, and level of risk tolerance.
What Are People’s Motivations For Trading SLP?
Since SLP is necessary to breed the virtual pets known as Axies, which can subsequently be sold to other players through an NFT marketplace, it is the main source of money for players of Axie Infinity. It could take a while to amass the required sum of SLP to breed Axies. Due to this, individuals have started selling their SLP on cryptocurrency exchanges to gamers looking for an easy way to obtain more of the tokens needed to breed these virtual creatures.
What Distinguishes Smooth Love Potion From Other Love Potions?
A virtual currency called Smooth Love Potion (SLP) can be utilised in the game and is also traded on the central market controlled by Binance. Among all cryptocurrencies, play-to-earn coins have some of the greatest trading volumes.
Wrapping Up
Pleasant Love Potion The reward tokens for the well-known blockchain game Axie Infinity are called SLP tokes. Users can obtain SLP through participating in promotional activities, special events, and trading with other players, among other ways.
Selling or breeding your Axies can be one of the simplest ways to get SLP because these actions can generate large profits. Whether you’re a serious gamer or just trying to earn some extra cash, there are several methods to earn SLP in Axie Infinity.
