What is Smooth Love Potion?

SLP is a popular altcoin among crypto investors. However, before you Trade SLP, it is vital that you understand what you are investing in.

Smooth Love Potion (SLP) tokens can be obtained by playing the Axie Infinity game. This digital asset replaces experience points.

SLP are ERC-20 tokens that can be used to breed new digital creatures known as Axies. The initial cost of breeding is 100 SLP, and subsequent breeds cost 200 SLP, 300 SLP, 500 SLP, 800 SLP, and 1,300 SLP, respectively. Axies may only be bred up to seven times, and each additional breed costs 2,100 SLP. This restriction is in place to forestall the occurrence of market-wide hyperinflation

It can take some time to accumulate SLP in the game, and a player may need to win 15 competitions to acquire enough tokens to execute their first breed. Online players might get a competitive advantage by buying SLP from other players on the open market.

How is Smooth Love Potion different?

It's uncommon for in-game currencies to be listed on markets like SLP. It's kind of like if Nintendo had decided to provide real value to the coins Mario uses in Super Mario. According to Nguyen, Axies differ from other non-fungible tokens in that they must be nurtured in order to reach adulthood.

The fact that SLP is one of the few in-game tokens listed by major exchanges further makes it stand out. The exchange has designated this trading category for assets likely to have higher volatility and pose a higher risk than other tokens.

How many SLP tokens are there?

In terms of tokenomics, the total supply of SLP is a moving target. This is due to the fact that everytime new Axies are bred, these tokens are burned. In spite of this, there are tens of millions of SLP in circulation as of this writing, and there is no maximum supply for this ERC-20 token.

If the number of people playing Axie Infinity increases dramatically, more competitions will be won and lost, and a greater quantity of SLP will be released into the ecosystem.

Network Security

As an ERC-20 token, Smooth Love Potion does not have its own blockchain but rather operates on the Ethereum network. As such, the network is secured by Ethereum’s Proof of Stake consensus mechanism.

Founders

Smooth Love Potion is a part of the game Axie infinity.

Trung Nguyen, CEO of the company responsible for the game Axie Infinity, formerly worked as a software engineer in the United States but departed to devote more time to the development of Axie Infinity.

Nguyen claims that his frustration with the fact that so many gamers don't actually own valuable goods in popular games drove him to investigate blockchain's possibilities in the industry. In an interview with Blockchain Gamer, he stated that the Ethereum platform provided him the ultimate opportunity to create his dream game.

Nguyen claims that the SLP used in the breeding process is meant to be intuitive to those who have played other collectible games like CryptoKitties.

Where can you buy SLP?

SLP is available on the licensed cryptocurrency exchange CryptoForce and several other national and international exchanges.

Disclaimer: Cryptocurrencies are highly volatile and subject to market, technical, and regulatory risks. Crypto trading requires one’s own diligence, and Cryptoforce will not be responsible for any losses incurred. Any information provided here should not be regarded as Cryptoforce’s technical or financial advice