What Is Smooth Love Potion (SLP)?
Smooth Love Potion (SLP) is the name of a gaming token that can be found in the NFT game Axie Infinity which is very popular these days. Axie Infinity players rely on this currency as their primary source of income since it has an unlimited supply. The ecosystem of Axie Infinity offers players the possibility of using SLP to breed and sell digital pets called Axies, which can be seen on the marketplace as NFTs.
As you may know, there are multiple ways to earn Super Level Points (SLP), such as completing daily quests, battling others in the Arena (PvP), and fighting in Adventure mode (PvE). The amount of SLP you are allowed to earn per day is limited, and the SLP you earn when breeding an Axie will be lost when the new one is created.
Introduction
The NFT technology has created a whole new world of possibilities, much like the blockchain has opened up a whole new world of possibilities with the development of the blockchain. Companies are creating their own gaming metaverses on the blockchain these days, and a lot of them are ready to pay their players for their time and effort while they play. Axie Infinity is one of them, and it has gained increasing popularity ever since it was first launched in 2018.
The reward for being a member of Axie Infinity is its own ERC-20 token, Smooth Love Potion (SLP). The SLP token is a cryptocurrency, which means that users can buy and sell it on the crypto market as a cryptocurrency. SLPs can be used on Axie Infinity to breed new axes. Using the Axie Infinity market place, these axes can then be traded for NFTs.
What is Axie Infinity?
Players battle using the unique game characters called Axies in Axie Infinity, a play-to-earn game that combines the mechanics of NFT with the fun of online gaming. If you think of Axie like a Pokemon, you can relate to it as being similar to them. Axie have different types of body parts, different stats, and different types of classes. It is important for the user to keep in mind that the tokens that are used are non-fungible tokens (NFTs) that can be stored in a Ronin wallet or an Ethereum wallet.
The Axie Infinity ecosystem is built upon the Ethereum blockchain, which forms the basis of the Axie Infinity ecosystem. It is essential to assemble an Axie team before you can begin to play the game. Axies can be purchased on the marketplace or be borrowed from other players as part of a scholarship program. Using a Smooth Love Potion token (SLP), you can also breed new Axies with the aim of improving their characteristics. By playing Axie Infinity, players can earn SLP tokens, and those who rank higher than the rest are also rewarded with AXS tokens. Furthermore, holders of the Axie Infinity token will be able to participate in the governance of the ecosystem by exercising their AXS.
What is Smooth Love Potion (SLP) and how does it work?
There is a cryptocurrency that is the native currency of Axie Infinity, and that cryptocurrency is Smooth Love Potion. It was formerly known as the "Small Love Potion", and it is an ERC-20 gaming token available in an unlimited supply. By the end of November 2021, SLP’s circulating supply had reached a total of over 3 billion coins and the market cap was $197 million USD.
As the game progresses, players may earn SLP by completing daily quests, participating in battles, or completing adventures. A certain amount of SLP coins is needed in order for gamers to begin breeding their own unique Axies. The cost of breeding every Axie will be different since the price is determined by the breed count of the preexisting Axies (the parents).It is allowed for an Axie to breed up to 7 times. When the number of breeding axies increases, more SLP is required.
The SLP is an altcoin that has a mechanism for burning. There will be a permanent burn of the SLP tokens used during Axie breeding. Players will be able to farm a limited amount of SLP per day in the game, therefore there is a strong likelihood that token demand will increase as players try to get ahead in the breeding game. There are factors controlling the price of SLP, such as supply and demand. On July 20, 2021, the price reached an all-time high of $0.41.
It is true that SLP is not just a game currency for breeding new digital pets in Axie Infinity, it is much more than that. Players also get this token as a reward when they reach a new level or win a fight with one of their Axies. The SLP price can be speculated on by holders, who can trade it with crypto exchanges and speculate on the SLP price in the future. Now, SLP is part of the play-to-earn movement, which allows players to earn a living by playing the game Axie Infinity.
How to earn SLP on Axie Infinity?
SLP can be gained through completing daily quests, participating in Arena matches (PvP), or fighting monsters in the Adventure mode (PvE).
1. Complete daily quests
A player who performs their daily check-in, completes 10 levels of adventure mode, and wins 5 arena matches will earn an additional 25 SLPs by the end of November 2021.
2. Battle in Arena (PvP)
In the game, Arena (PvP) is one of the main sources of SLP rewards. Players in the PvP Arena are matched against each other according to their rankings (MMR). A player has the option of using one energy per Arena match, should they win, and if they do so, a reward is provided based on the player's MMR. The more you rank up, the more SLP reward you receive for each win. SLP rewards must be earned with a MMR of at least 800.
3. Battle in the Adventure Mode (PvE)
There are 36 levels that increase in difficulty, and there are also rewards for completing the SLP. Each adventure allows you to earn up to 50 SLP a day. When you are playing the adventure mode, you will not need to use any energy. You will only need energy if you wish to earn experience points for your Axies.
SLP farming requires less time and effort in PvE than in PvP. There is one thing worth mentioning, however, that you are only able to receive one reward for each adventure level.If you want to fulfill the daily quest SLP reward requirement, you can replay the level yet again, but any additional SLP rewards will not be received. You can also earn SLP by defeating certain bosses in certain levels for a one-time reward of SLP.