SLP PHP

What Is Smooth Love Potion?

Smooth Love Potion (SLP) is an ERC-20 token on the Ethereum blockchain that is used today in the popular play-to-earn NFT-based game, Axie Infinity. Developed by a Vietnamese gaming studio, the game was inspired by the popular virtual pet games Pokémon and Tamagatchi. Users in the Axie Infinity universe collect virtual pet creatures called “Axies” that can be bred, sold, raised, traded or used in battle in real-time. Every Axie in the game is also an NFT, which users can trade on the in-game marketplace or convert for profit.

Axie Infinity utilizes a dual-token economy. Users can earn SLP or AXS (Axie Infinity Shards) as rewards when playing in battle or adventure mode. The tokens offer different uses, but are both necessary in order to advance in the game. AXS is the governance token of the Axie Infinity ecosystem, which is used to vote and assist in the development of the game. On the other hand, SLP is the in-game currency needed to breed new pets in the game. To prevent hyperinflation, there is a maximum number that each Axie species can be bred before an Axie becomes sterile.

Axie Infinity is a massively popular game and has consistently ranked as the #1 Ethereum based game due to its large cohort of daily, monthly and weekly active users. The popularity of the game led the token to a massive bull run in Q2 & Q3 of 2021. Real-time trading volumes of the coin increased massively, especially in south-east Asian countries such as the Philippines. For a few months, the SLP to PHP price became the most important conversion rate in crypto!

However, the value of the SLP token has experienced a significant decline since reaching its ATH in July 2021. Despite this decline, the income generating potential of the game has enabled it to sustain a strong user base, meaning that the SLP PHP conversion rate remains the most important live rate of all play to earn games.