What is Axie Infinity (AXS) and Smooth Love Potion (SLP coin)? Play to Earn AXS coin & SLP token

Kelly Kelly 29 April 2022 Follow
What is Axie Infinity (AXS) and Smooth Love Potion (SLP coin)? Play to Earn AXS coin & SLP token

You’ve probably heard of Axie Infinity. It’s  one of the world’s most popular blockchain-based   games, and was pretty much the  pioneer of play-to-earn mechanics. But did you know there are two different  tokens used in the Axie Infinity ecosystem?  

There’s the Axie Infinity Shard,  which has the ticker “AXS”,   and then there’s Smooth Love  Potion, which has the ticker “SLP”. Join us as we take a deeper  look into the Axie universe,   and explain the difference  between the two native tokens. This cute little creature is an Axie,What is Axie Infinity (AXS) and Smooth Love Potion (SLP coin)? Play to Earn AXS coin & SLP token and to begin   exploring the Axie universe,  you’ll need a party of three. What is Axie Infinity (AXS) and Smooth Love Potion (SLP coin)? Play to Earn AXS coin & SLP tokenAxies can be bought, bred or battled,   and thanks to gaming guilds like Yield  Guild Games, can now even be rented! Axies (like most NFTs) are massively customizable,   and with more than 500 unique body parts it’s  rare to see two creatures that are exactly alike.

Each Axie has its own character  card which explains all of the   strengths and weaknesses that help it  in combat. Players who want to level   up their Axies can battle them in  tournaments to gain new experience.

One way to get Axies is to buy them  from Axie’s decentralized marketplace,   where sellers can list their Axies and buyers  can place bids on them.

While the average price   to buy an Axie is about $200, the most expensive  Axie ever sold went for an astonishing $800,000. Buy why buy when you can breed? Breeding is one  of the most interesting features of Axie Infinity,   since it allows players to create a new Axie  with mixed characteristics from its parents.

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And this is where the tokens come  in! Players can breed any two Axies,   so long as they pay a fixed fee of 4 AXS tokens,   and an amount of SLP tokens that is determined  by the number of breeding combinations.

Smooth Love Potion is a utility  token that participants can earn   for playing the game. The SLP token’s primary  use case is paying for the breeding of Axies,   although SLP is also used to buy in-game items.

Depending on which Axie is being bred, as few  as 100 SLP tokens or as many as 2,100 tokens   could be required. Players can get SLP for  completing quests and battling in the arena.   Alternatively, anyone who wants to start breeding  their Axies right away can buy SLP on an exchange.

When SLP is used to breed an  Axie the tokens are burned,   which prevents the supply of  SLP from increasing too quickly.

Axie Infinity Shards, or AXS  tokens, are different to SLP   because they are the game’s governance token,  giving players a vote on decisions that might   affect the future of the game, such  as how treasury tokens are spent.

AXS investors can also stake their AXS to  help secure the application, and to earn a   nice passive income! In the beginning, AXS  gave holders a return of around 400%, which   encouraged more people to stake, and contributed  to the huge price increase of the token in 2021.What is Axie Infinity (AXS) and Smooth Love Potion (SLP coin)? Play to Earn AXS coin & SLP token

Also, Axie Infinity is now the most popular  blockchain game in history, with more than   $4 billion in NFT trades since its release,  and 2 million active daily users at its peak.

To cope with all of this demand, Axie  Infinity moved to the Ronin sidechain   to reduce fees and speed up transaction times.

To join Axie Infinity, players need to  move ETH from the Ethereum mainchain   to Ronin using the Ronin bridge. When a  player moves ETH to Ronin it’s automatically   converted into Wrapped Ethereum, which  is used to pay for those lovable Axies!

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