SLP is an ERC-20 gaming token with a limitless supply known as “Small Love Potion.” Over 3 billion SLP were the total supply as of November 2021, increasing the market cap to 197 million US Dollar. In Axie Infinity, the in-game currency is called Smooth Love Potion (SLP). New Axies can be bred with SLP and sold on the Axie Infinity market for NFTs. SLP tokens are a form of Cryptocurrency that can be traded on decentralized exchanges. The Smooth Love Potion ERC-20 token is the currency for the Axie Infinity rewards. One of these is the ever-growingly popular Axie Infinity game debuting in 2018.
Many of the blockchain-based gaming metaverses being developed by many companies provide players with the opportunity to earn real money while they play. Non-fungible Tokens (NFTs) are trending, and blockchain technology has introduced many opportunities. You can also trade your SLP to cryptocurrencies like ETH, BNB, BUSD, BTC, XRP, AXS, USDT, etc. Players who invest significant time into the game may eventually amass enough SLP to consider trading it with fiat currency like USD, EUR, CNY, GBP, IDR, CHF, BRL AUD, PKR, INR and many others. The SLP token is an Ethereum-based ERC-20 standard, and the game itself is built on the Ethereum blockchain. Players can use SLP within the Axie Infinity ecosystem to breed virtual pets called Axies, which can then be traded or sold on the market as non-fungible tokens (NFTs). It’s available in infinite quantities and serves as the backbone of the economic system for Axie Infinity players.
The ERC-20 token Smooth Love Potion (SLP) can be used in the wildly successful NFT game Axie Infinity.
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