What Is Smooth Love Potion (SLP)?

Blockchain Gaming Revolution: The Birth of Axie Infinity and Smooth Love Potion

In the new wave of NFTs driven by blockchain technology, a novel interactive model is emerging in the gaming sector. Many companies are leveraging blockchain to build their own gaming metaverses, allowing players to enjoy gaming fun while also achieving economic returns. Among them, since its launch in 2018, "Axie Infinity" has rapidly accumulated a large number of users worldwide with its unique gameplay and reward mechanisms.

"Axie Infinity" is not only an innovative gaming platform but also a vibrant economy. In this game, players can earn ERC-20 tokens called Smooth Love Potion (SLP) by participating in battles, completing missions, and other activities. SLP is not just a cryptocurrency existing in the virtual world; it also plays a crucial role in promoting the ecological circulation within the game. Players can use SLP to breed new Axie creatures in the game, which exist as NFTs with unique attributes and can be freely traded in the "Axie Infinity" market, bringing real-world economic value to players.

By closely integrating entertainment experiences with economic incentives, "Axie Infinity" and its internally circulating SLP tokens are gradually shaping a self-driven, dynamic gaming ecosystem that provides millions of users worldwide with an unprecedented "play-to-earn" experience.

Axie Infinity: A Blockchain-Based NFT Pet Battle Game

Axie Infinity is a highly innovative "Play-to-Earn" game that combines entertainment with earning opportunities, built on the Ethereum blockchain. It offers players a brand new experience of merging fun and rewards. The main characters in this game are unique game avatars called "Axies," similar to Pokémon from the real world, with distinct categories, body parts, and attributes. Each Axie is a one-of-a-kind Non-Fungible Token (NFT) that can be securely stored in an Ethereum wallet or a Ronin sidechain wallet.

To participate in the world of Axie Infinity, players first need to assemble a battle team consisting of three Axies. There are various ways to acquire Axies, either by purchasing them on the official market or borrowing them from other players through scholarship programs within the community. One of the core gameplay elements in breeding new Axies involves using Smooth Love Potion (SLP) tokens. Players accumulate SLP by participating in battles and completing challenges in the game, while outstanding players can also earn AXS governance tokens as rewards.

Holders of AXS tokens not only enjoy in-game privileges but also have the right to participate in decision-making and governance processes within the Axie Infinity ecosystem, further strengthening the interaction and sustainability between the game's internal and external economic systems. As the user base grows and activity increases, the role of Axie Infinity and its underlying economic circulation mechanism, particularly the SLP token, becomes more prominent.

SLP: The Lifeblood of the In-Game Economy in Axie Infinity

Smooth Love Potion (SLP) serves as a vital role within the game's economy, acting as Axie Infinity's native cryptocurrency. Functioning as an ERC-20 token with an unlimited supply model, by November 2021, SLP's market cap had soared to $197 million, with over 3 billion tokens in circulation.

Within the world of Axie Infinity, players accumulate SLP through participating in various daily quests, battles, and adventure activities. The primary use of SLP is breeding unique NFT pets called Axies. Breeding costs are tied to the rarity of the selected Axie parents, and each Axie has a breeding limit of seven times. It's worth noting that SLP has a burning mechanism where SLP used for breeding is permanently destroyed after an Axie completes reproduction, helping control its market supply.

Due to limited daily SLP obtainability within the game, player demand for SLP continues to rise amidst fierce breeding competition, influencing its market price fluctuations. SLP reached its all-time high in July 2021 at $0.41.

In addition to serving as a breeding fee, SLP is also part of the game's reward system, rewarding players with SLP upon completing levels or winning battles. Furthermore, SLP holds investment value and trading properties; holders can buy and sell SLP on cryptocurrency exchanges like LBank and utilize it in Uniswap liquidity pools. This combination of gameplay and real-world value makes SLP a crucial component of the "play-to-earn" trend, enabling players to enjoy gaming while potentially earning tangible returns.

How to Earn SLP in-game: A Detailed Guide

In Axie Infinity, players can accumulate Smooth Love Potion (SLP) tokens through various methods. Here are four primary ways to earn SLP:

1. Completing Daily Challenges and Quests

Signing in daily, clearing the first 10 stages of Adventure mode, and winning five Arena battles are basic avenues for earning SLP. As of November 2021, completing these daily quests nets a total of 25 SLP. Consistent participation not only improves gameplay skills but also steadily accumulates SLP.

2. Arena Battles (PvP)

Arena battles are the main source of SLP generation. The system matches players based on their matchmaking rating (MMR), with each victory granting at least one SLP reward and more as the ranking increases. However, SLP rewards only start when MMR surpasses 800. Each player has limited energy, which can be checked via the menu in the top-left corner of the screen, and note that energy changes depending on the number of Axies owned.

3. Exploring Adventure Mode (PvE)

Adventure mode offers single-player levels without energy consumption, featuring 36 progressively challenging stages. While each stage grants SLP only once, up to 50 SLP can be earned daily through Adventure mode. Repeating the same level will no longer yield SLP, yet players still need to invest in Adventure mode to achieve daily quest objectives and provide experience points for their Axies.

Remember to adapt your strategies, upgrade your Axies, and stay informed about updates and events in the Axie Infinity community to maximize your SLP earnings!

Steps to Withdraw SLP from Axie Infinity to Ronin Wallet

After accumulating Smooth Love Potion (SLP) in the game Axie Infinity, players can manually withdraw it to their associated Ronin wallet every 14 days. Here's a detailed guide on how to do this:

1. Ensure that your Axie Infinity account is linked to the Ronin wallet. After logging into your Axie Infinity account, find and click the "Claim Tokens" option in the menu bar. The system will display the current amount of SLP available for claiming and the next claim time. Confirm everything is correct, then click "Claim SLP." The obtained SLP will automatically be transferred to your Ronin wallet.

2. Verify the association status of your Ronin wallet again on the account dashboard, and follow the same steps mentioned above: click "Claim Tokens" —> "Claim SLP" to ensure the successful transfer of SLP to your Ronin wallet.

3. If you plan to sell or trade SLP, you can choose to transfer SLP through the Ronin Bridge to MetaMask or another Ethereum wallet, or directly send SLP using the RON network to LBank Ronin Wallet. This way, you can avoid paying Ethereum (ETH) miner fees.

Additionally, you can exchange and trade SLP with other cryptocurrencies like AXS, WETH, USDC, etc., on the decentralized exchange Katana, allowing for further liquidity and appreciation of assets. Please note that the supported tokens on exchanges may update according to market changes; thus, always consult the latest information before executing any transactions.

Simple Steps to Buy SLP on LBank

When you need more Smooth Love Potion (SLP) to breed Axies in Axie Infinity, you can purchase it directly from cryptocurrency exchanges like LBank, in addition to earning it within the game. Here are the specific steps to buy SLP and transfer it to your Ronin wallet:

1. First, log in to your LBank account and go to the [Trading] page.

2. In the search bar, enter "SLP", and the system will list all trading pairs related to SLP, such as SLP/USDT. This means you can use USDT to buy SLP.

3. In the [Spot] trading area, choose a suitable order type for yourself (market price, limit price, etc.), then input the amount of SLP you plan to buy or the amount of money. After clicking the [Buy SLP] button, the system will automatically execute the transaction. Once the trade is successful, the purchased SLP will be displayed in your LBank spot wallet.

4. To transfer the purchased SLP to your Ronin wallet, find the [Withdrawal] function in your LBank account, select the SLP token, and fill in the corresponding Ronin wallet address for the transfer. Please make sure to carefully verify the address during the withdrawal process, as it's usually unrecoverable once sent to the wrong address. Upon completing these steps, the SLP you bought will smoothly transfer into your Ronin wallet, ready for breeding or other uses in the Axie Infinity game.

Analysis of SLP Value and Market Dynamics

In the realm of cryptocurrencies and blockchain gaming, the value of Smooth Love Potion (SLP) is closely tied to its role in the Axie Infinity ecosystem. As an indispensable token resource within the game, the demand for SLP is primarily driven by players' need to breed Axies.

As the user base of Axie Infinity grows and in-game economic activities become more vibrant, the demand for SLP is also expected to increase accordingly.

The price movement of SLP is influenced by multiple factors, including but not limited to adjustments in the in-game SLP production mechanism, changes in market supply and demand dynamics, fluctuations in the overall cryptocurrency market, and new features or rule changes introduced by updates to the Axie Infinity game. For instance, in 2021, Axie Infinity experienced explosive growth, driving the price of SLP to historic highs, reflecting high market demand for SLP.

However, as a token closely linked to a game, the value of SLP also exhibits certain cyclical and volatile characteristics. When the development of the Axie Infinity community enters a stable phase or the market becomes saturated, oversupply of SLP may lead to a decline in its market price. Additionally, game developers may implement deflationary or inflationary adjustments based on the health of the ecosystem, which can also impact the value of SLP.

Conclusion

In summary, the emergence of Axie Infinity and Smooth Love Potion (SLP) has not only revolutionized the business model of the gaming industry but also represented a major breakthrough in the practical application of blockchain technology. By combining entertainment, NFT collection, and economic incentives, this game has created an unprecedented interactive experience for global players and promoted the self-circulation and sustained development of the in-game economy.

As the user base continues to grow and the game ecosystem matures, the role of SLP tokens as the lifeline of the in-game economy becomes increasingly prominent. Its value assessment and market dynamics will continue to attract attention from the cryptocurrency industry and gamers. In the future, this "play-to-earn" model is expected to expand into more areas, leading the blockchain gaming industry into a new stage of development.