The cryptocurrency markets are falling apart, and it seems like every digital currency which provide information has been in the red for a long time. Smooth Love Potions (SLP) from Axie Infinity has now reached a sob number of zero.
The value of the currency has been going down, which is scary because so many new people are joining the market to get in on the action. Even if you add everything up, the SLPs are no longer worth anything, and the total won’t even be one cent.
How to get the P2E NFT trend going
Axie Infinity was one of the first games where you could play to win money but not flip to win. It is the first trading card game that isn’t about fantasy to sell so many copies that the market is full.
In the game, the players could breed, train, and trade these, Axis. During the game, players can also earn SLPs. When they were worth $0.35 in 2021, Axie SLPs were worth the most. Since then, their worth has been going down steadily.
The Smooth Love Potion can now be bought with tokens.
Axie Infinity isn’t in charge of selling SLP tokens to gamers, and the company doesn’t help SLP token exchanges happen. The tokens for the Smooth Love Potion are not handed out at random. They are instead made by the game Axie Infinity. In the game’s “adventure mode,” players have to beat monsters controlled by the computer to earn SLP.
In the game’s “arena mode,” players have to fight each other to get SLP. A player will get both experience points and SLP tokens if they do well in either of these two situations.
On the Axie Infinity platform, there are many ways for players to get SLP tokens, but it may be hard for them to get enough to breed their Axis. Because of this, Uniswap now has a secondary market where SLP tokens can be bought and sold.
People made this market because they wanted to get a lot of tokens quickly without spending as much time or working as hard in the game. Players can get SLP by playing Axie Infinity, but they can also trade SLP tokens with other players to get more SLP and move through the game faster.
How much do love potions cost and what they are worth
The total number of SLP tokens has no hard limit, and the amount that is actually in circulation can always change. This is because SLP tokens are always made when the game is played, and they are always destroyed when a new Axis is made through breeding. So, the amount of SLP that can be earned will depend on how many people play the Axie Infinity game.
Because of this, it is expected that as the number of people who play Axie Infinity grows, the amount of SLP that is made could go up a lot due to more people playing, more in-game tournaments, and other things that make SLP.
The play-to-earn economics give the SLP token value in both the Axie Infinity metaverse and the larger crypto market. This value can be reached by using the token. SLP is different from most other game currencies because it can be traded for other SLP tokens on decentralized exchanges.
The Fall of Cryptocurrency
The value of cryptocurrencies, especially the most popular ones like Bitcoin and Ethereum, is falling sharply right now. Terra (LUNA) went from a high of $119.18 on April 5 to a low of $0.01, which was its all-time low. This was a bad thing for a lot of different reasons. But Crypto whales are still phishing in low rates you can also invest at low rates on easy trading platform likeBitcoin smart
People have blamed personal attacks on the token and the fact that a lot of money was taken out of the system for the failure of LUNA.
Even though Axie Infinity isn’t as popular as it used to be, the game’s creators keep making it. They are optimistic about it and have already released the game for Android phones called Axie Infinity.
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