Smooth Love Potion Coin Price & Market Data
Smooth Love Potion price today is $0.081483706705 with a 24-hour trading volume of $494,261,746. SLP price is up 31.6% in the last 24 hours. It has a circulating supply of 2.1 Billion SLP coins and a total supply of ∞. If you are looking to buy or sell Smooth Love Potion, Binance is currently the most active exchange.
What is SLP?
Smooth Love Potion (SLP) tokens can be earned as rewards by Axie Infinity players through battle or adventure mode. SLP are tokens that can be used to breed new digital pets, known as Axies. It was formally known as Small Love Potion before the token upgrade to the Ronin blockchain.
The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth, and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace.
SLP paves the way to the concept of Play-to-earn which popularizes the Axie Infinity games among players who are looking to earn some money or participate in DeFi. It is especially popular in countries like Philippines.
Besides SLP, Axie Infinity has a governance token called AXS which players can use to participate in determining the future direction of the game.
How can I earn SLP?
You can earn SLP by playing the Axie Infinity game through winning battles and fulfilling daily quests hence the "play to earn" term was coined. To start playing the game, you would need to obtain some Axies from the marketplace, which are creatures that can be used to battle other players in the game. Another way of obtaining Axies would be through some interest groups that offer Axies as a loan in the form of a scholarship. SLP earned from the game are splitted between the scholarship holders and the group lending out the Axies.
How much SLP can I earn per day?
SLP earnings can vary depending on the players' skill and their energy resources. On average, a good player can reasonably earn 200 SLP per day through winning battles and fulfilling daily quests.