Connect with us

Smooth Love Potion Investor

Investing In Smooth Love Potion (SLP) – Everything You Need to Know

mm
Updated on

Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.

Smooth Love Potion (SLP) functions as a vital component of the play-to-earn NFT (non-fungible token) game, Axie Infinity. This interactive metaverse enables users to create and battle Pokémon like characters for the chance to secure profits. Notably, Axie Infinity is among the most popular NFT games in the market currently, despite launching in 2018.

What Problems Does Smooth Love Potion (SLP) Solve?

There is a variety of problems that Axie Infinity seeks to reduce. For one, the protocol operates as a decentralized community-led effort which helps to eliminate centralization. It also adds more transparency to the p2E gaming experience. In the past, gamers were left to rely on the word of developers to verify the scarcity of their digital assets. Axie Infinity users can view any Ethereum blockchain explorer to see vital details on their NFTs.

Axie Infininty - Twitter - Smooth Love Potion (SLP)

Axie Infinity – Twitter – Smooth Love Potion (SLP)

Lack of Ownership

Another major issue that has plagued gamers for decades is a lack of real ownership over their digital assets. Axie Infinity holders have true ownership over their NFTs. They can trade them or sell them on secondary markets which helps to improve the overall liquidity and ROI potential for gamers.

Inflationary Concerns

Another major issue facing DeFi and GameFi platforms is inflation. Inflation occurs in these ecosystems due to the rewards systems in place. If gamers are constantly receiving rewards in the form of a certain token, the supply will eventually get saturated. To avoid these issues, Axie Infinity introduces a burn mechanism.

Burning mechanisms remove tokens from the circulating supply permanently. The goal of these projects is to drive demand up. Burning protocols are more popular than ever as they have proven effective at stabilizing the price of tokens and helping to provide long-term appreciation to projects.

Benefits of Smooth Love Potion (SLP)

There are a lot of reasons why a player would make the switch over to a P2E title like Axie Infinity. For one, you can secure real-world profits. There are gamers earning significant income from their talents. These players are fueling further adoption as their stories continue to inspire new talent to join the network.

Axie Infininty - Smooth Love Potion (SLP) - Axies - Homepage

Axie Infinity – Smooth Love Potion (SLP) – Axies – Homepage

Secure Passive Returns

There are a lot of ways for you to secure profit when playing Axie Infinity. You can farm tokens by completing daily tasks or battling with adversaries. The first option enables you to secure rewards even when you want to keep your risk exposure to a minimum.

How Does Smooth Love Potion (SLP) Work

Smooth Love Potion operates as a core component of the Axie Infinity network. Users must complete daily quests to earn SLP. These tasks range from the easy, like daily check-ins, to more complicated procedures like completing 10 adventure mode levels. You must also win 5 arena matches to qualify for high-level SLP rewards. Here are some of the modes at your disposal to secure returns.

Arena (PvP)

The Arena is where you conduct peer-verse-peer combat. You will put your Axie against the competition with the hope to win SLP tokens. This is the main way that people gather SLP tokens in a short time span. Notably, you need to hold a certain level of MMR points to qualify for SLP tokens.

Specifically, the platform requires you to earn 800 MMR or more. You also must use your energy to enter the battle. Each battle will take one energy point. Interestingly, the higher-ranked players secure more rewards when they battle opponents. This system incentives players to go to the arena and battle it out more often.

Adventure mode (PvE)

If you’re not ready to face off against other players, you still have some ways to secure SLP tokens. The Adventure mode is a single-player option that incorporates 36 levels. As you progress, each level increases in its overall difficulty. The good thing about Adventure Mode is that it doesn’t cost you any energy to participate in this mode. Interestingly, you are capped at 50 SLP daily when using Adventure mode.

Axies

Axies are unique battle characters that are represented as NFTS. Each Axie has its own class, statistics, and body characteristics. Each of these factors adds to the overall scarcity and value of the Axie. As such, the cost for breeding each Axie can differ depending on their combination of qualities.

Smooth Love Potion (SLP) - CoinGecko

Smooth Love Potion (SLP) – CoinGecko

SLP (Smooth Love Potion)

There are multiple purposes SLP serves within the Axie environment. Primarily, it’s used to breed digital pets called Axies. Every time a new Axie gets minted, the SLP used to create it gets burned. Users can take any two Axies and breed them. Every Axie can breed a total of 7 times. Their offspring will possess characteristics from each.

Notably, there is an unlimited supply of SLP tokens to be minted throughout the life of the project. However, the amount of SLP each player can earn daily is limited. You can also use SLP to purchase other Axies on the market. The token is also traded on popular DEXs at this time.

Scholarship Program

You need to assemble a team of Axies to go into battle. Luckily, you can cut this process short by borrowing Axies from friends. The network has a scholarship program that enables you to lend or borrow Axies in a secure manner.

Axie Infininty - Smooth Love Potion (SLP) - Axies - Homepage

Axie Infinity – Smooth Love Potion (SLP) – Axies – Homepage

AXS Tokens

AXS operates as the main governance token of the network. The protocol enables regular users to put forth proposals and system upgrades. Each of these approved proposals goes for a community vote. Community governance systems are a popular option nowadays because they empower users and provide a more democratic investment process.

How to Buy Smooth Love Potion (SLP)

Currently, Smooth Love Potion (SLP) is available for purchase on the following exchanges.

Bitstamp – Founded in 2011, Bitstamp is one of the oldest & most trusted exchanges in the world. They currently accept Canada, UK & USA residents excluding the states of Alabama, Hawaii, Idaho, Louisiana, Nevada, & New Jersey.

Binance – Best for Australia, Canada, Singapore, UK and most of the world. USA residents are prohibited from buying Smooth Love Potion (SLP). Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens.  It is often the first to offer buying opportunities for new tokens.  This exchange currently accepts International & United States residents.

WazirX – This exchange is part of the Binance Group, which ensures a high standard of quality.  It is the best exchange for residents of India.

Smooth Love Potion (SLP) – Let’s Make Some Axies

The SLP token is all that you need to start your Axie battle squad. This versatile digital asset can help you to secure profits from battles, trading, or even farming tokens. The overall flexibility of SLP and the fun atmosphere of Axie Infinity make this project an interesting one to watch. You can expect to hear more from this metaverse as more users learn about its ROI potential.

David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.