![]() ![]() These included a new battle system approved by the Ubisoft game studio and a marketplace upgrade. The same day, Axie Infinity tweeted the exciting projects it was working on. SLP reached $0.07 again on 21 February and it broke past $0.10 on 15 March. Players could now migrate their items to the new sidenet. Ronin was created to avoid the pressures and high gas fees of the Ethereum mainnet. This coincided with the launch of Ronin, a sidenet of Ethereum designed specifically for Axie Infinity. Smooth Love Potion started rallying at the beginning of February. The gaming token had plummeted to $0.01 on 1 January 2021. This time players could earn DGX, a cryptocurrency whose value is tied to the price of gold.Īlthough SLP did see smaller spikes in its price over the following months, it was now in a long-term bearish trend. SLP peaked at $0.07 on 12 August, which was still much lower than its July rally.ĭespite falling in late August, SLP reached $0.07 again on 1 September as season 10 went live. It implemented player-demanded features such as increasing the amount of healing from certain characters. It rallied again in early August as the team changed some of the dynamics to the battle system. By 12 July, the day it finished, SLP had dropped to $0.02. The price explosion had also come just before the end date of season seven of the PVP arena. We were most excited to see that although many of the new community members came to speculate, they were drawn in by the game and community, and have stuck around.” It said: “The increased SLP price strengthened our narrative of play to earn and brought many new eyes to our ecosystem. In a blog post, Axie Infinity argued this breakout was because of the game’s enticing nature. SLP raced from $0.003 on 6 July to $0.19 two days later, breaking past the $0.10 barrier for the first time. But, only a few weeks later, SLP would see its first substantial price surge. Over the following months, SLP fell below $0.01 and continued to drop gradually. Throughout the season, players battle each other up the rankings: the higher the ranking, the more rewards the user earns. This came after the launch of the first season of the player vs player (PVP) arena. ![]() SLP had climbed back over the $0.01 mark and to $0.016 on 19 February. However, the gaming token did see its first price spike later that month. ![]() Despite the excitement from the co-founder, Jeff Zirlin, on Twitter, the market was not quite ready for SLP and it had dropped below $0.01 by 1 February. The token was one of the first of its kind, spearheading the innovative idea that you could earn from playing games. SLP launched at the beginning of January 2020 on UniSwap around the $0.03 mark. But has it lost its charm? SLP’s price history Axies can only be bred up to seven times, to stop hyperinflation.Īxie Infinity proved to be a huge initial success with its SLP token rising rapidly. The cost of these starts at 100SLP and increases gradually depending on how many you have bred. ![]() These tokens can then be used to breed new Axies. The Axie Infinity team compares it to the coins from Super Mario, but with monetary value. The ERC-20 token can be earned by completing daily quests and battling with the Axies. This is where Smooth Love Potion comes into play. Players collect creatures called Axies that exist as non-fungible tokens, which they can breed, battle and trade. The game allowed players to own their items and earn currency with real worth. Could the new Axie Infinity update bring some much needed hope to SLP? What is Smooth Love Potion (SLP)?Īxie Infinity took inspiration from successful games such as Pokémon, but included a key difference. The SLP token has subsequently been on a massively bearish trend, losing 97% of its value since its peak in July. Now players earn less than the Philippines’ average wage. But the game has started to fail these users because the number of rewards has been falling since July. People in developing countries have turned to Axie Infinity as a new source of income. The token is given as a reward to users for playing the game and can be spent to breed new creatures. Its Smooth Love Potion ( SLP) token is key to that success. Axie Infinity has fuelled the play-to-earn industry after demonstrating huge success with its platform. ![]()
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