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4 Things You Need To Know About Smooth Love Potion (SLP)

Previously called small love potion, smooth love potion (SLP) is an in-game cryptocurrency of the Axie infinity games created by Axie Edge. In this game, you collect unique modern pets called Axies and gain non-fungible tokens (NFT), which you can sell, breed, or use to play against other players.

Axie Infinity is one of the most popular blockchain-powered games, attracting approximately 2.7 million peak users in December 2021. However, this figure was reduced in March 2022 to 1.5 million users. According to Statista, 40% of this total number is from the Philippines. 

One reason for this popularity is that the Axie community is fascinating, with gamers, influencers, and people who share similar interests to yours. Another reason is that it allows you to earn real money by breeding, competing with, and trading Axies. Every time you compete with other players, you earn SLP tokens. You can trade these tokens for money in crypto exchanges, making the game an excellent side hustle. 

Therefore, if you’re interested in winning big in Axie Infinity, you must understand how SLP works. Here’s a simple guide explaining four things you need to know about this token.

How to use SLP

You can use SLP in the following ways:

    • Selling it at exchanges: Smooth love potion has an economic value, and you can make some cash by selling it at some of the top crypto exchanges. Just time your sales to avoid losses. Also, make sure the exchange you choose is reputable and has reasonable transaction fees.
    • Breeding Axies: Axies can breed and deliver offspring. However, they require SLP for such. You, therefore, need to have a sufficient amount of SLP in your account. Usually, breeding costs start at 100 SLP but rise step by step. The second breed has 200 SLP, the third 300, the fourth 500, the fifth 800, and the sixth 1,300. You can breed only up to seven times, costing 2,100 SLP.  
    • Buying actual items: The value of the SLP coin is connected with real money. This means that you can use it to buy real-life items. For instance, if you’re in the Philippines, you can convert SLP to PHP and use it to purchase products or services of your choice.  
  • Minting: You can use SLP to stack new Axie match items. Every time you mint a new item, part of the SLP supply is burnt, lowering the supply.    

Ways to obtain SLP

The most straightforward way to earn SLP is to win a game in Axie Infinity. However, this requires you to complete 15 competitions before performing your first breed. Additionally, you can earn a limited amount daily, and any SLP you use for breeding is burned when a new Axie is generated. Once you attain a certain amount of SLP coins, you can begin breeding your unique Axies.

Initially, there were three ways to earn SLP in Axie Infinity. However, the current updates limit SLP awards to only one game mode. You can now only obtain SLP rewards via the Arena mode. The rewards you earn through this mode vary on your Matchmaking Rating (MMR). The higher your MMR, the more tokens you acquire for every win. You can make a maximum of 14 SLP per win if you achieve an MMR rating of at least 2,500.

Typically, every game in Arena mode uses up one energy. You can increase your maximum energy capacity and gain power after a while, depending on the number of Axies you own. For instance, with 3-9 Axies, you can have a maximum energy capacity of 20 and regenerate 5 Axies every 6 hours. Remember that you can never earn any SLP without energy, even though you thrive in a match. 

How to claim SLP from Axie Infinity

After completing your daily missions, you’ll receive specific amounts of SLP, which you can withdraw. When you draw it to your Ronin wallet, you can then forward it to an exchange for future sales. You can claim your SLP in the following steps:

  • Log into your Axie Infinity account and link to your Ronin Wallet.
  • Check the amount of SLP you can claim by clicking on “Claim Tokens” in the menu.
  • Click on “Claim SLP” to transfer the SLP to your Ronin Wallet.
  • Then, confirm the claimed SLP in your Ronin Wallet. You can do this by returning to your account dashboard and repeating the procedure above.

SLP tokenomics

The SLP token is unlimited in supply, and its revolving collection constantly varies. The game’s economy also keeps on changing. For instance, in 2021, the SLP market price was $0.4, which was reduced to $ 0.004 in 2022. This is because SLP tokens are continually generated by in-game acts and burnt each moment the breeding procedure creates fresh Axies. 

Therefore, the SLP crypto supply is dependent on playing the Axie Infinity game. Ideally, when Axie Infinity’s user base grows, there can be a substantial rise in the amount of SLP generated due to an increase in player participation, in-game matches, and additional SLP-producing actions. 

Because of the play-to-earn economics, the SLP token is valuable in both the Axie Infinity and crypto markets. Smooth love potion is unique from other in-game currencies as you can trade the token on decentralized markets. Moreover, you can sell it for a landmark exchange on Axie Infinity, metaverse, and the NTF market. 

Conclusion

Undoubtedly, SLP is one of the most exciting investment options, especially if you’re interested in crypto. This flexible digital asset enables you to earn profit from trading, battles, or breeding. The asset’s versatility and the fun surrounding Axie Infinity make SLP even more fascinating. The good thing about investing in SLP is that it isn’t technically challenging, so you can easily earn some extra cash during your free time. Nevertheless, it’d help to consult experts before you jump in with heavy cash. The above guide offers you a good starting point, however. Feel free to explore even deeper SLP dynamics by reading online guides, watching video tutorials, and listening to related podcasts. The more informed you are, the better. Eventually, you’ll have fun, play like a pro, and make some money.  


None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.

Amaury Reynolds

A freelance writer covering many topics.

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Amaury Reynolds

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