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Smooth Love Potion

Smooth Love Potion SLP Price $ 0.00609

Rank: 300

821 Watchlists

GameFi

SLP Price

0.00609
1.46%
($ 0.0000873)
Price Range
LowHigh
$ 0.00593$ 0.00622

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Description

SLP is an in-game currency used in the NFT game Axie Infinity

Smooth Love Potion (SLP) Chart

The Smooth Love Potion to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

SLP to USD Converter

Smooth Love Potion (SLP)SLP

SLP Price Statistics

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Market Cap

$ 251.93M

FDV

$ 252.31M

ATH Market Cap

$ 1.02B

24 Trade Vol.

$ 11.15M


Vol. (24h) / MCap

0.0443

Total Supply

SLP 41,430,682,479

Circulating Supply

SLP 41.37B

(99.9% of Total Supply)

Listing Date

8 Jul 2020

All Time High

$ 0.408

13 Jul 2021


All Time Low

$ 0.00131

11 Sep 2023


From ATH

98.5%

From ATL

364.7%

Smooth Love Potion Price Analysis

What is Smooth Love Potion (SLP)?

Smooth Love Potion (SLP) is a utility ERC-20 standard gaming token used in the NFT game Axie Infinity, a popular Pokémon-inspired virtual pet gaming world available to play on Android phones, iPhones, and PCs. In Axie Infinity, players build virtual kingdoms for their virtual pets.

 Axie Infinity and the SLP token were co-founded by current CEO Trung Nguyen in 2018. A lot of blockchain technology has focused on financial services. In response, Axie Infinity was created as a fun and educational gaming platform to encourage the adoption of blockchain and NFT technology beyond purely financial services.

Whilst the Axie Infinity ecosystem consists of other tokens (for example the governance token AXS), SLP is the main token used to earn income. There is an uncapped maximum supply of SLP tokens. Originally named Small Love Potion, it has rebranded to Smooth Love Potion.

What are SLP’s key features and how does it work?

Axie Infinity does not sell the SLP gaming token directly to players. Instead, SLP can be earned through various modes of gameplay. The main source of SLP rewards is Arena Battles where players compete against other players (PvP) to win SLP. SLP can also be earned through completing daily check-ins and quests. However, before earning SLP this way, a player needs to obtain their Axies, which can be done via the marketplace.

All assets and data within the game can be accessed by third parties, which allows developers to build tools and experiences to further enhance the Axie Infinity metaverse.

Axie Infinity is a Play-to-Earn game, as such by playing the game and earning SLP, players are offered a simple and interactive way to earn side income and interact with DeFi in a fun way. It has become very popular in developing countries, particularly those with unstable fiat currencies, like the Philipines.

What can Smooth Love Potion be used for?

SLP can be used in the Axie Infinity Universe to breed new digital pets or Axies. To avoid hyperinflation, Axies can be bred up to 7 times with each time requiring an increased amount of SLP. The price of breeding an Axie also depends on the specific breed a player wants to breed, depending on the breed count of a player’s pre-existing Axies (the parent Axies). If a parent has a high breed count, more SLP is needed to breed. After an Axie is bred, the SLP tokens used are burnt. All Axies are designed as NFTs meaning they are unique and original digital objects. Pets (Axies) can then be sold on the Axie Infinity marketplace as NFTs to other players.

SLP can also be bought, sold, and traded on crypto exchanges. Earning SLP via the game can take a considerable amount of time, meaning breeding Axies also takes time. Buying SLP on exchanges offers players the means to overcome this and get ahead in the game.

Where can you buy SLP?

SLP is available to buy from the CEXs and DEXs as listed here. SLP is a popular gaming token and as such, it is available on many leading exchanges, including Binance and Gate.io. The price of SLP will vary depending on the exchange and current market interest. For further price information please refer to the price charts above.

Smooth Love Potion Price Today

Smooth Love Potion's current price is $ 0.00609, it has increased +1.46% over the past 24 hours.

Smooth Love Potion's All Time High (ATH) of $ 0.408 was reached on 13 Jul 2021, and is currently -98.5% down.

The current circulating supply of Smooth Love Potion is 41.37 Billion tokens, and the maximum supply of SLP is unlimited.

Smooth Love Potion’s 24 hour trading volume is $ 11.15 Million.

Smooth Love Potion's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 251.93 Million.

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