Today is a good day for the SLP token. It was trading at $0.01926 at the time of writing. Representing a gain of 24.17 percent over the previous 24 hours. It had a trading volume of $1,262,461,511 in the last 24 hours. Where it was an increase of 136 percent compared to the same time last week.
Token Price Increase
People are buying more SLP tokens because Axie Infinity aims to reduce its supply. Axie Infinity and the Smooth Love Potion may be puzzling to some. Smooth Love Potion (SLP) is obtained by winning competitions on Axie Infinity, a blockchain metaverse where users may play games and earn money.
They collect, raise, breed, battle, and trade NFT-based creatures called Axies in Axie Infinity, which is a game. Smooth Love Potion tokens are given out as a reward, and SLP tokens can be used to breed new Axies creatures later on.
In the Axie Infinity ecosystem, SLP tokens are not the same as AXS. It is the cryptocurrency used to pay for things.
Buy SLP Tokens at a Lower Cost
Axie Infinity developers want to make Smooth Love Potion tokens rarer. Furthermore, this is done by making changes that will make the ecosystem more balanced.
Aside from promoting daily play, the Daily Quest has been turned into a tool for earning SLP points. By taking away the Daily Quest, we can save about 45 million SLP a day.
The developers called this painful medicine, but it will be important for the game to progress in the future. If this strategy is executed, we may either have a total and lasting economic collapse. As the developers claim, or we could have a total and permanent economic collapse. That would be much worse.
The team wants to set up a $6 million prize fund and make changes to the way it awards prizes.
The best player in Season 19 received 3,000 AXS. The reward for the top 300,000 players next season has gone up to 117,676. The team said that they have put a lot of thought in to the growth and inclusion of millions of people. Without this method, Axie would have been a small, niche game with only a few thousand players.
Over the last few days, the price of the Axie infinity token (AXS) has also gone up. This is because the general crypto market has been going up, and AXS is also going up. Prices are 30% higher now than they were at the end of January. Upon the reduction of the Smooth Love Potion, the price jumped by more than 40% before reverting to its original level.
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