SLP Coin Price PredictionSLP Coin It is among the crypto coins traded on stock exchanges. SLP Coin comments and analysis, which are carefully followed by stock market investors, attract great attention. You can follow us and benefit from the information here.
Axie Infinity’s in-game product, the Smooth Love Potion (SLP) coin, attracts great attention in the cryptocurrency market. It is spoken and traded more and more by crypto money lovers, especially those who play blockchain games. All information about the Smooth Love Potion (SLP) coin is in our directory.
Founder and year of founding: Trung Nguyen / 2020
Total supply: Unknown
Circulating supply: 3.20 billion
Market cap: 120 million dollars (December 11, 2021)
Lowest price: $0.009543
Highest price: $0.4191
The purpose of the project : It was created for the development of characters in Axie Infinity, one of the most played blockchain-based games in the world.
Uses: Game industry, Metaverse, NFTs
What is a Smooth Love Potion (SLP) coin?
Founder and CEO of Trung Nguyen, Axie Infinity is a blockchain-based game that helps increase SLP power.
Smooth Love Potion (SLP) is also a type of cryptocurrency that exists on the Ethereum blockchain, found in the Metaverse game called Axie Infinity. It allows users to craft Axies, collectible digital creatures in the game.
What is the Smooth Love Potion (SLP) project?
Axie Infinity project on the Ethereum blockchain allows users to create a “dream game”, as players say. Axie Infinity was one of the projects that marked 2021. Smooth Love Potion, an ERC-20 based token, was created to meet the demand in the Axie Infinity game.
Axie Edge created the Smooth Love Potion (SLP) gaming token. SLP is built on the Ethereum network, and its presence in the Uniswap liquidity pool along with being on this network has allowed it to enter both the gaming and DeFi spaces.
The advantages of SLP Coin in gaming are…
up to 7 times. Provides the ability to generate up to Axie’s characters, Users reaching certain levels are eligible for incentives, allowing you to buy and sell tokens on DeFi exchanges such as Uniswap.
SLP Coin plays a key role in sustaining characters called Axie’s in Axie Infinity.
The breed numbers of both parents affect the cost of each breeding. Arithmetically, the higher a parent’s species count, the more elixirs will be required to breed them. For this, naturally, the game’s token SLP is provided. Axies can be bred up to seven times and the seventh breed costs 2,100 SLP. This limit exists to prevent hyperinflation in the market. The first level can use about 100 SLP, the second level 200 SLP, the third level 300 SLP, the fourth level 500 SLP, the fifth level 800 SLP, the sixth level 1,300 SLP, the seventh level 2,100 SLP.
SLP coin future
The future of SLP coin depends on the continuity of Axie Infinity because SLP is a purely in-game token, not the game’s governance token. The overall value of the SLP token has no limits and the rotational supply is constantly changing. This is because SLP tokens are always created by in-game actions and then burned when new axes are created during the breeding process. As a result, getting SLP crypto is conditional on playing the Axie Infinity game.
The SLP token, through the Play To Earn economy, has significant value in Axie Infinity, the Metaverse and the wider crypto market.
This is a milestone not only for Axie Infinity and the Axie market, but also for the metadata sources and NFT markets as a whole.
Where and how to buy SLP coin?
The price of SLP coin, which attracted great interest in the cryptocurrency market, rose to an all-time high of $ 0.4191 on May 1, 2021, and fell to an all-time low of $ 0.009543 in July 2020. The circulating supply of the SLP coin, whose maximum supply is unknown, is also quite high. This is thought to be the only drawback of SLP Coin, which is thought to have 3.20 billion tokens in circulation.
Giant cryptocurrencies such as SLP Coin, Binance, KuCoin, Gate.io, Crypto.com, FTX, ByBit, OKEx, Bitstamp While being traded on currency exchanges, it can also be bought and sold on decentralized exchanges such as Sushiswap and Uniswap.