Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.

SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace.

It can take time to accrue SLP through the game, and a player may need to win 15 competitions in order to gain enough tokens to perform their first breed. Purchasing SLP on the open market is a way for gamers to get a headstart.

A better question is this: who founded Axie Infinity? The CEO of the company behind the game is Trung Nguyen, who actually left his role as a software developer in the U.S. in order to focus on the project.

According to Nguyen, he was motivated to explore blockchain’s potential in gaming because he was frustrated at how many players don’t truly own valuable assets in popular titles. In an interview with Blockchain Gamer, he said the Ethereum platform had given him the ultimate opportunity to create his “dream game.”

Nguyen says that the breeding process, for which SLP is used, is designed to be familiar to those who have played other collectible games such as CryptoKitties.

It’s fairly unusual for in-game currency to be listed on exchanges like SLP has. In a way, it’s like Nintendo deciding to tie monetary value to the coins used in Super Mario.

Nguyen says Axies are 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.

SLP is also unique because of how it has become one of the few in-game tokens to be listed by Binance in its Innovation Zone. The exchange has reserved this trading category for assets “that are likely to have higher volatility and pose a higher risk than other tokens.”

When it comes to tokenomics, the number of SLP in circulation is rather fluid. That’s because of how these tokens are burned whenever new Axies are bred. Nonetheless, at the time of writing the circulating supply of SLP was in the tens of millions — and this ERC-20 token does not have a hard cap.

If the number of Axie Infinity players increase substantially, this could result in much higher levels of SLP entering into the ecosystem as more competitions are won and lost.

Smooth Love Potion price rallied to an all-time-high (ATH) of $0.3642 on May 1, 2021, then dumped by almost 75% of its value. Prices proceeded to peak again in mid-July to reach a high of $0.3462. Smooth Love Potion price has since followed a downward trend.

Smooth Love Potion doesn’t have its own blockchain as it is an ERC-20 token — instead, it runs on the Ethereum blockchain.

When SLP initially launched, it didn’t actually have a fluctuating value as a cryptocurrency. However, this all changed when a liquidity pool for SLP was created on Uniswap. As we mentioned, the Binance Innovation Zone has unveiled support for the Pokémon-inspired game.

The top exchanges where you can buy, sell, and trade SLP currently are: Binance, KuCoin, Gate.io, Gemini, OKEx, Uniswap (V3), SushiSwap and many more.

Numerous trading pairs are offered, including SLP/ETH, SLP/USDT and SLP/BUSD. However there is substantial interest in the Philippines for the SLP to PHP price and also in Australia for the SLP to AUD and Europe for the SLP to EUR prices.

All of this means that you may have a little difficulty purchasing SLP directly with fiat. As a result, you may need to convert your dollars, pounds or euros into a mainstream cryptocurrency such as Ethereum first.

If you are new, you can find our simplified guide for purchasing crypto, project deep dives and more educational content on CoinMarketCap Alexandria.

The all-time high of SLP was 0.41907081 USD on 2021-05-01, from which the coin is now down 99.25352582920294%. The all-time high price of Smooth Love Potion (SLP) is 0.41907081. The current price of SLP is down 99.25352582920294% from its all-time high.

As of , there is currently 41.21Bn SLP in circulation. SLP has a maximum supply of 0.

The current market cap of SLP is 128.91M. It is calculated by multiplying the current supply of SLP by its real-time market price of 0.003128255354.

The all-time low of SLP was 0.00138445 , from which the coin is now up 125.95654259814366%. The all-time low price of Smooth Love Potion (SLP) is 0.00138445. The current price of SLP is up 125.95654259814366% from its all-time low.

Smooth Love Potion (SLP) has a market capitalization of $128.91M and is ranked #392 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Smooth Love Potion (SLP) price trends and patterns to find the best time to purchase SLP.