03 Apr 2025

light mode

What is SmoothLovePotion (SLP)? A Project Overview

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.

On this page

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/

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.

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author
South Korea’s 7-Eleven to Accept CBDC Payments in a Pilot Program

South Korea’s 7-Eleven to Accept CBDC Payments in a Pilot Program

South Korea’s 7-Eleven stores will accept CBDC payments between April 1 and June 30 as part of a pilot program to test the Bank of Korea-issued digital currency.

Anahit Avetisyan
GameStop Raises $1.5B, Eyes Bitcoin Investment

GameStop Raises $1.5B, Eyes Bitcoin Investment

GameStop has completed a $1.5 billion convertible notes offering, which may allow the company to add Bitcoin to its reserves under its updated investment policy.

Dmytro Psevdonimenko
Bitcoin Hits $85K Again as Traders Eye U.S. Tariff Risks

Bitcoin Hits $85K Again as Traders Eye U.S. Tariff Risks

BTC rises on speculative moves amid geopolitical and macroeconomic uncertainty, with risk-off strategies shaping the new terrain.

Anton Kryshtal
SMBC Partners with Ava Labs for Stablecoin Launch

SMBC Partners with Ava Labs for Stablecoin Launch

SMBC, one of Japan’s leading banks, has announced plans to launch a stablecoin in collaboration with Ava Labs and Fireblocks. Pilot testing is set to begin in 2025, with a full launch scheduled for 2026.

Vlad Vovk
Hot on X (Twitter) Today: Binance Boycott, McCormack vs. Wright Case, & More

Hot on X (Twitter) Today: Binance Boycott, McCormack vs. Wright Case, & More

A “Boycott Binance” movement is trending on X/Twitter after multiple altcoins plunged on the exchange within minutes on April 1.

Anahit Avetisyan
Top Crypto Tweets of The Day: KOLs on TDCCP Token, zkLend Hacker, & More

Top Crypto Tweets of The Day: KOLs on TDCCP Token, zkLend Hacker, & More

The TDCCP token gets attention with record-breaking moves, while the zkLend hacker falls victim to a phishing scam. Meanwhile, BlackRock’s Larry Fink shares his insights with investors.

Anahit Avetisyan
Top Crypto Tweets of the Day:  KOLs on the Crypto Cycle, DeFi State, & More

Top Crypto Tweets of the Day:  KOLs on the Crypto Cycle, DeFi State, & More

As crypto prices decline, the community continues to analyze the current crypto market cycle. One of the most popular platforms to share views and discuss these trends is Twitter/X.

Anahit Avetisyan
What Are Assets? Differences Between Coins and Tokens

What Are Assets? Differences Between Coins and Tokens

Discover the meaning of assets in finance and crypto, and learn the key differences between coins and tokens to make informed investment decisions.

The Coinomist
What Is a Margin Call? An Essential Guide

What Is a Margin Call? An Essential Guide

A comprehensive guide to understanding margin calls in trading. Learn what triggers them, how they work, their risks, and strategies to manage or avoid them

The Coinomist
What Happens When Bitcoin Runs Out? Predictions and Strategies

What Happens When Bitcoin Runs Out? Predictions and Strategies

Explore what happens when Bitcoin reaches its 21 million supply cap. Learn how the shift from block rewards to transaction fees could impact miners, investors, and the entire ecosystem.

The Coinomist
What Does HODL Mean? Lessons for New Traders

What Does HODL Mean? Lessons for New Traders

Learn the meaning behind HODL and its significance in crypto trading. Understand its origins, the psychology behind holding on, and how HODLing can shape your long-term investment strategy.

The Coinomist
How to Scale a Crypto Exchange and Attract More Users Globally

How to Scale a Crypto Exchange and Attract More Users Globally

Imagine you’ve built your own crypto exchange, and now it’s time to scale. You’ll need high-speed infrastructure, deep liquidity, and compliance.

Vlad Vovk
The Top Cryptocurrency Scams to Watch Out for in 2025

The Top Cryptocurrency Scams to Watch Out for in 2025

AI, fake exchanges, celebrity deepfakes, and old tricks repackaged in new forms. Here’s a look at the cryptocurrency scams gaining traction in 2025 and how to avoid losing everything to fraudsters.

Vlad Vovk
Trump’s “US Crypto Reserve” Plan: A Game Changer or Just Talk?

Trump’s “US Crypto Reserve” Plan: A Game Changer or Just Talk?

It takes just one post from Trump to stir the crypto market. Recently, he announced on Truth Social that the evaluation of a strategic crypto reserve is in progress as part of his broader Trump crypto policy.

Anahit Avetisyan
Trump’s Crypto Tax Plan: Smart Policy or Risky Gamble?

Trump’s Crypto Tax Plan: Smart Policy or Risky Gamble?

There’s been a lot of talk about possible changes to crypto tax policies in the U.S. One of the more controversial ideas floating around is “Trump no tax on crypto.” As Trump adopts a more crypto-friendly stance, major rumors have surfaced that he’s considering a 0% tax on crypto gains.

Anahit Avetisyan
MORE
Dubai Lets You Rent Homes and Cars With Bitcoin. Here’s What to Know

Dubai Lets You Rent Homes and Cars With Bitcoin. Here’s What to Know

Now, you can rent in Dubai with crypto, signing rental agreements using BTC, altcoins, or USDT for both short-term vacations and long-term stays as an expat.

Yara Zornell
Why Lisbon is Now Emerging as The Newest World’s Crypto Capital

Why Lisbon is Now Emerging as The Newest World’s Crypto Capital

Imagine a city of hills, narrow cobblestone streets, and fado music drifting from cozy bars. This is Lisbon, the capital of Portugal, now rapidly transforming into a modern crypto city.

Iaroslava Kramarenko
MORE