Today we are going to discuss a new famous token Smooth Love Potion (SLP). This token has already given huge profits to its holders. Now during a market dip, SLP tokens are also in dip and you may be thinking about buying this token.
Before proceeding to buy this token we have collected some details about the SLP token including its price prediction, market cap, founders, and current supply. So without wasting your precious time let’s read this article.
What Is Smooth Love Potion (SLP) Token?
Smooth Love Potion is a cryptocurrency token and its short name is SLP. Smooth Love Potion (SLP) tokens can be earned by playing the Axie Infinity game. This ERC-20 token serves as a replacement for experience points and can be used to breed new digital pets that are known as Axies.
To start breeding a specific cost of breeding needs to be paid. The cost of breeding starts at 100 SLP tokens and it increases gradually, for the second breed needs 200 SLP and the third breed needs 300 SLP, and the fourth breed needs 500 SLP and 800 SLP for the fifth breed, and for the sixth breed 1300 SLP needed. Maximum breed numbers are fixed at seven and for the seventh breed, the cost is 2100 SLP. The limit of breed exists in order to prevent hyperinflation in the crypto marketplace.
Player needs to complete and win 15 competitions in order to gain enough tokens to perform their first breed. Players can also purchase SLP tokens from the open market to start their breeding.
Who Are the Founders of Smooth Love Potion (SLP) Token?
The founder of Smooth Love Potion token and Axie Infinity game is Trung Nguyen. Trung Nguyen was a software developer in a US company and he left his job to focus on his own project. He was motivated to explore blockchain’s potential in gaming because Trung was frustrated at how many players don’t truly own valuable assets in popular titles.
While talking in an interview with a Gamer Trung said the Ethereum platform had given him the ultimate opportunity to create his dream game.
How Smooth Love Potion Is Unique?
Smooth Love Potion is an in-game currency listed on exchanges. CEO Nguyen says Axies are totally different from other non-fungible tokens because of how they need to be nurtured if they are going to have any chance of reaching adulthood.
Only a few in-game tokens are listed on Binance on its Innovation Zone, this also makes SLP a unique token. Binance has reserved this trading category for assets “that are likely to have higher volatility and pose a higher risk than other tokens.”
How Many Smooth Love Potion (SLP) Tokens Are in Market Circulation?
The exact number of Smooth Love Potion (SLP) tokens in the market are not defined. Because tokens are burned while new Axies are bred. While writing this post the Total supply on Coinmarketcap was 5,129,907,048 SLP tokens.
But if the number of Axie Infinity game players increases, the SLP tokens will also increase in the ecosystem due to more competitions being won and lost.
How Is the Smooth Love Potion Network Is Secured?
Smooth Love Potion is an ERC-20 token it runs on the Ethereum blockchain and it doesn’t have its own blockchain.
Smooth Love Potion (SLP) Token Price Prediction
Initially, SLP did not have any fluctuating value as a cryptocurrency. But when a liquidity pool was created on Uniswap everything changed and after support from Binance Innovation Zone, its value started increasing. The all-time-high (ATH) of this token is $0.3642 on 1 May 2021. After that, the downtrend of SLP was started.
Now current live price of SLP is $0.01775 on 06 March 2022. According to our estimate if the players of this game will increase its price can go up to $0.50. This is a unique gaming token and its price can go up in the future. If you want to invest in this coin then it is the right time to invest.
Where Can You Buy Smooth Love Potion (SLP) Tokens?
Now if you are willing to buy this token then you can buy it from Binance, KuCoin, FTX, Gate.io, Gemini, OKEx, SushiSwap, Uniswap (V3), WazirX, Zebpay, and many other exchanges. This token is available on numerous trading pairs including SLP/ETH, SLP/USDT, SLP/BUSD, etc. If you want to buy it from the world’s most trusted and largest exchange Binance then you can click the below link.
I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.