What is Smooth Love Potion (SLP) Token?

Smooth Love Potion (SLP) is a gaming token primarily used to power the breeding of digital pets called Axies in the hit NFT game Axie Infinity.

The advent of the blockchain world brought about possibilities that can only be limited by a person’s imagination. The use cases of blockchain technology are on a wheel of constant evolution and nearly penetrating all spheres of life – including the gaming sector. Most gaming platforms prefer to capitalize on popular crypto-assets like BTC, ETH, or ADA as rewards. Others take the initiative to develop their own native tokens.

Smooth Love Potion (SLP) is one gaming token metamorphosing into the non-fungible token (NFT) space. As one of the tokens on Axie, the token is used to facilitate smooth gameplay as well as the breeding of Axies. We will look into what this token has to offer in the Axie platform and the uniqueness surrounding its development. 

Background

Axie Infinity is a blockchain-based game that helps maximize the potential of SLP. In this virtual world, digital creatures called Axies can be collected, raised, trained, and ultimately used for battles. 

The animated characters are created to have unique characteristics that define their rarity and strength in battle. Moreover, all its genetic information can be stored on the Ethereum blockchain. 

To breed an Axie, a specific amount of tokens are required depending on the breed count of parents. Before 19th December 2019, XPs (Experience Points) were used as the breeding currency. However, a new use was assigned to it after the Alpha release leaving room for a newer entrant to perform similar functions. 

Smooth Love Potion previously known as Small Love Potion was the ERC-20 token designed to fulfill this need. 

What is Smooth Love Potion (SLP)?

Smooth Love Potion (SLP) is a gaming token developed by Axie Edge. The token is based on the ETH network and has successfully breached both the gaming world and the DeFi space through its availability on the Uniswap liquidity pool.

Though not a complex gaming token, it is used for interesting reasons. Majorly, it serves as the primary cryptocurrency for breeding pet creatures while playing Axie Infinity. It can also be purchased and traded on Uniswap. 

Major Smooth Love Token Use Cases

Structured to offer a smooth gaming experience on Axie Infinity, users that own SLP can enjoy the following features: 

1. Ability to breed Axies on the game up to seven times 
2. Offered as rewards to users who have attained specific levels 
3. Can be purchased and sold on Uniswap
4. Can be traded on Binance Innovation Zone with ETH as a trading pair

How SLP Operates

To successfully breed an Axie, a certain amount of potions are consumed, as mentioned earlier. The cost for each breeding is determined by the breed counts of both parents. The math involved is that if a parent’s breed count is high, more potions would be required to breed them. 

Breeding is permitted to occur in seven levels. Based on available charts, the first level consumes about 100 SLP, the second up to 200 SLP, the third 300, the fourth 500, the fifth 800, the sixth 1,300, and finally, the seventh 2,100 potions. 

Let’s see a simple breakdown of the math used to calculate the number of required potions for a breed. It is the number of a first parent breed times the number of potions required multiplied by the number of a second parent breed times the number of potions required. 

How to Earn SLP

The primary way to earn potions is simply by getting them as rewards after winning a game in Axie Infinity. However, this can take quite a while as you might need to win up to 15 competitions before performing your first breed. To make better headway and earn larger volumes of SLP, you can purchase a bunch from Uniswap and other exchanges. 

Conclusion

Earning while playing might not be a new concept but Axie’s SLP token has definitely taken it to a whole new level. In fact, Axie Infinity is known to have helped several communities below the poverty line in the Philippines cope despite the Covid-induced economic troubles of the country.

In essence, it can be deduced that Axie is doing fairly well in strengthening its token which gamers and can consciously depend on. 

Source: https://www.asiacryptotoday.com/smooth-love-potion-slp/