In 2022, Smooth Love Potion is one of the top tokens to watch. It is a beneficiary of the metaverse/NFT craze that has rocked the world for the past year or so.
The metaverse and NFTs have not been around for very long, but already they are major buzzwords and seen as the next advancements after the blockchain.
The benefit of the mentioned technologies is that they have opened up a whole new universe of possibilities that no one could have predicted just a few years ago.
Users in Decentraland metaverse, for example, have the opportunity to earn in-game monetary money that a user trade for real-world products and services.
Similarly, Axie Infinity is another fantastic example of a game that follows a similar approach.
The game has its token, called Smooth Love Potion (SLP), which players can purchase or earn, then spend like any other cryptocurrency.
In this post, we’ll go over the Smooth Love Potion, how it works, how it can be purchased and its contribution to the Axie Infinity ecosystem.
What is Axie Infinity and How To Play it
Axie Infinity is a play-to-earn game based on the Ethereum blockchain in which users can purchase, breed, and pit Pokémon-type creatures known as Axies to win silky love potions.
An Axie is a non-fungible token (NFT) that can be purchased and traded in marketplaces, as well as inside the game itself.
To play the game, you must first construct an Axie squad. Axies can be bought or rented from owners via a scholarship scheme like Yield Guild Games.
Smooth Love Potion tokens can also be used to breed more Axies, and these can be acquired by playing the game or from buying them in exchanges.
What is Smooth Love Potion
Smooth Love Potions (SLP) are the token used to exchange value in the Axie Infinity ecosystem. It is based on the ERC-20 standard, and comes with an infinite supply.
You can either earn SLP, or buy them from marketplaces using either fiat currency or other cryptocurrencies.
To earn SLP tokens, players must engage in various activities and quests inside the game. SLP tokens allow players to begin breeding their unique Axies based on the breed counts of current Axies.
Like with other cryptocurrencies and tokens, the value of SLP is determined by market forces, since is is tradeable and usable like any other crypto.
How Does Smooth Love Potion Work
In the popular Axie Infinity game, SLP tokens are key in breeding Axie NFTs.
The token can be earned and exchanged on supported cryptocurrency exchanges and the Axie Infinity metaverse.
To prevent overcrowding the Axie ecosystem, the platform has imposed strict limits on how many times an individual Axie may reproduce.
Gamers are only allowed to breed their Axie seven times. The cost of the first breeding is 600 SLP, and it steadily rises until the seventh breeding, which costs over 10,000 SLP.
3 Ways You Can Earn SLP on Axie Infinity
On Axie Infinity, there are at least three ways to earn Smooth Love Potion tokens.
Let’s look at them.
1. Daily Quests
Players who complete the daily check-in, complete ten adventure mode levels, and win five arena matches will get 25 SLP as part of the daily objective.
Similarly, there is the the Axie Infinity PVE adventure mode, which rewards players with up to 50 SLP every day.
2. Player vs Player (PVP) Battle in Arena
Arena (PvP) is the game’s primary source of SLP awards, and certainly one of the most profitable ways to earn SLP. It is however one of the toughest since you will be competing against other real players.
If your Match Making Rank (MMR) rating is over 2500, you can earn up to 14 SLP after every Arena victory.
This table breaks down the SLP rewards for every MMR rating.
|MMR||SLP Reward Changes|
|1100-1299||6 → 5|
|1300-1499||9 → 6|
|1500-1799||12 → 8|
|1800-1999||15 → 10|
|2000+||18 → 12|
3. Player vs Environment (PVE) Battle in Adventure Mode
In Axie infinity, PVE is the single-player mode that a gamer can utilize to earn more SLP. The mode has 36 levels with varying degrees of difficulty and SLP rewards. You can earn up to 50 SLP per day.
Farming SLP in PvE takes less time and effort than in PvP. However, you can only receive one-time SLP rewards for each adventure level.
Where To Buy SLP Tokens
SLP tokens are available for purchase on leading exchanges like Binance, KuCoin, Gate.io, FTX, Gemini, OKEx, Uniswap (V3), SushiSwap, among others.
Is Smooth Love Potion a Good Investment?
As of writing, Smooth Love Potion’s price is $0.02. The daily trading volume ranges from the low hundreds of millions of dollars, to over 1 billion dollars; proof of the great interest it is generating.
It’s market cap is currently $110 million, which is right about the sweet spot of investment.
With the Axie Infinity metaverse, and P2E in general catching on, it is very likely that SLP is far from peaking, which would make it a decent investment right now.
Can You Convert SLP To Ethereum?
If you’ve been in the crypto world for a long time, you’ll know that gas costs are a significant roadblock that makes it tough to convert any token to Ethereum and vice versa.
However, by virtue of Ethereum being one of the major cryptos, sometimes this conversion is inevitable.
You’ll be happy to note that it is in fact possible to convert your Smooth Love Potions (SLP) to Ethereum. This is possible on many decentralized exchanges.
One of them is Ronin’s decentralized exchange, Katana (DEX).
Katana enables anybody to swiftly switch between the many assets in the Axie Infinity ecosystem, including WETH, AXS, and others
To get started:
- Go to katana.roninchain.com
- Now link your Ronin Wallet before swapping your SLP or other tokens.
- Choose the tokens (SLP) you want to exchange and the amount you want to pay now that you’re linked.
- After you’ve chosen both tokens, click ‘Approve’ to grant Katana permission to access your SLP.
- Now, we’re going to replace WETH for SLP; if you want to do the opposite and switch SLP for WETH, Click swap if you wish to confirm!
- Your Ronin wallet will now appear, with a summary of the swap;
- Click Confirm to complete the transaction.
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