Smooth Love Potion

Smooth Love Potion (SLP) is a gaming token developed by Axie Edge that can be utilized to breed Axies, digital creatures on Axie Infinity. Users can earn SLPs as in-game rewards as well as trade on the decentralized exchanges.

What is Smooth Love Potion?

  • Smooth Love Potion (SLP) is an ERC-20 token that can be used to breed new digital pets on the Axie Infinity platform (Axies).
  • SLP may be obtained through playing the game in both the PvE Adventure mode and the PvP Arena. There is no limit to the token’s supply.
  • Axie Infinity is a Pokémon-inspired digital pet universe based on the Ethereum blockchain, where anybody may earn token rewards via gaming and ecosystem contributions.
  • Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP.
  • Sky Mavis built Ronin, an Ethereum’s sidechain targeted in the transactions on Axie Infinity, to proceed all transactions faster with almost instant confirmation, lower gas fees, and a customizable wallet solution. With Ronin, users can now transfer Axie assets to Ethereum Mainnet.

Key Metrics 

TickerSLP
Token NameSmooth Love Potion
Token Type/ProtocolERC-20
Total Token Supply
Current Circulating Supply See Coinmarketcap
Market CapitalisationSee Coinmarketcap
Token Creation DateDecember 20, 2019 
Can it be mined?Yes

Who is behind Smooth Love Potion? 

Trung Thanh Nguyen (CEO) and Aleksander Leonard Larsen (COO) are co-founders of Axie Infinity/ Sky Mavis. Trung was a co-founder and CTO of Lozi.vn. He has represented Vietnam in the ACM-ICPC World Final 2014. Aleksander has been involved in blockchain since late 2017, with a focus on player-owned economies. He has represented Norway in Warcraft 3 and Dota 2 and was named one of Europe’s top 200 Dota 2 players.

What is the purpose of Smooth Love Potion? 

Smooth Love Potion (SLP) was built on Ethereum Network with the intention to allow Axie Infinity players to use the tokens to breed their creatures that are known as Axies. Also, the platform users will be able to earn their SLP rewards as they reach a certain level in the game. Breeding costs start at 100 SLPs, which can cost up to 2100 SLPs in their 7th breed. The limit of Axie breeding is set to 7 times in order to avoid high inflation in the marketplace. Even though SLP is not a fixed supply token, once Axies are bred, the SLP tokens will be burned.

Insights: 

Axie Edge created Smooth Love Potion (SLP) as a game token. Because of its availability on the Uniswap liquidity pool, the token has successfully penetrated both the gaming industry and the DeFi. It is built on the ETH network. Axie Infinity is a game that helps SLP reach its full potential. Axies, or digital creatures, may be collected, reared, taught, and eventually deployed in fights in this virtual world.

The animated characters are designed to have distinct features that distinguish their rarity and combat strength. A certain number of tokens are necessary to breed an Axie, based on the breed count of the parents. Prior to December 19th, 2019, XPs (Experience Points) served as the breeding currency. Following the Alpha release, a new use was assigned to it, leaving the opportunity for a fresh entrant to fulfill comparable functions. Ronin was created by Sky Mavis as an Ethereum’s sidechain that aims to facilitate Axie Infinity platform users to faceless congestion while making transactions via Ethereum network.

In game currency to be listed on exchanges similar to SLP, In some ways, it is similar to Nintendo deciding to attach a monetary value to the coins in Super Mario. Axies is distinct from other non-fungible tokens in that they must be fostered in order to achieve adulthood.

Risks:

  • The price of SLP is likely to fluctuate upon gaming demands, leading to higher risk than other tokens.
  • Axie Infinity can still lack platform security and stability that may lead to the possibility of technical issues, hacks and asset loss.

News and Updates:

  • Axie Infinity refreshes record high as AXS ascends 131% in just 3 days.
  • Axie Infinity economy booms as NFT sales rise. This generates more revenue than other tokens.
  • Wallet Reveals USDT Support – users can swap and store SLP-based tether.
  • NFT whale flying falcon sponsors 50 Axie Infinity gamers.
  • SLP trading platform cryptophyl plans to change into a noncustodial defi exchange.

Community & Whitepaper Links:

Disclaimer:
All investment is speculative and involves substantial risk and uncertainty. Investors should understand the nature of digital assets including the terms of return and the risk of assets. We encourage investors to fully understand the assets and the risk associated with them prior to making any investment.  

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