What is SmoothLovePotion (SLP)? A Project Overview
SmoothLovePotion (SLP) serves as the in-game token of the P2E game, Axie Infinity. Currently ranked 220th in the virtual currency market cap list, SLP plays a crucial role in breeding the game’s iconic creatures, Axies.
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The Project's Mission
Axie Infinity presents a gaming universe populated with diverse, collectible creatures named Axies. Every Axie boasts a myriad of attributes, offering a near-endless array of combinations. Players within the Axie Infinity realm possess unequivocal ownership of the game's digital assets, empowering them to buy, sell, and trade freely.
Axies: The Infinite Universe Source: https://whitepaper.axieinfinity.com/
Axie Infinity was masterminded by the tech-driven gaming studio, Sky Mavis. The project boasts a team of 40 professionals, with Trung Thanh Nguyen leading the helm as CEO. Prior to this, Trung co-founded and served as the CTO for Lozi.vn, a Vietnamese e-commerce startup, and held roles at Trusting Social and Anduin Transactions.
The Axie Infinity universe offers a diverse set of games, each crafted to provide users with a unique digital experience coupled with rewards. As its fame surged, the platform transitioned, blending elements of a social network with opportunities for digital asset accumulation. Rooted in a nuanced blockchain-based economy, the game has emerged as a trailblazer in the P2E sector.
Users currently have an array of pursuits within the Axie ecosystem:
- Compete in battles, striving for leaderboard dominance and earning prizes and SmoothLovePotion (SLP) tokens.
- Engage in Axie breeding, creating new creatures with specific attribute combinations.
- Collect and speculate on the value of elusive characters.
- Create content and artwork.
- Build connections with other members of the universe.
About the SmoothLovePotion (SLP) Token
Purpose
SmoothLovePotion (SLP) serves as an in-game ERC-20 standard token within the Axie Infinity project. It acts as an alternative to traditional experience points. Additionally, the Axie Infinity economic model includes a native governance token called AXS.
Players can earn SLP through gameplay or opt to purchase it on crypto exchanges such as Binance, Bilaxy, and Uniswap. The fundamental use of this token is to facilitate the breeding of the game's creatures, Axies. Starting a breeding session demands a 100 SLP outlay. The costs rise incrementally for subsequent breeding:
- Second round: 200 SLP.
- Third round: 300 SLP.
- Fourth round: 500 SLP.
- Fifth round: 800 SLP.
- Sixth round: 1300 SLP.
- Seventh round: 2100 SLP.
There's a limit to breeding, with each Axie capped at seven sessions. To accumulate the initial 100 tokens needed for the first breeding, players can either clinch victories in 15 matches or take a shortcut by purchasing the required amount of SmoothLovePotion on an exchange.
Total Supply
The in-game token doesn't have a supply cap. The number of tokens in circulation is directly tied to player activities. When users employ SLP for breeding, the tokens are consumed or burned, making their availability in the market highly variable.
Current Market Overview
According to gagarin.news, at the time of this report, SmoothLovePotion (SLP) ranks 220th in the cryptocurrency market capitalization. It's trading at $0.001694, with a circulating supply of 41,888,062,748 and a 24-hour trading volume of $2,940,278.
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