Gaming in the twenty-first century has become a source of income for many. A recent shift in the gaming industry has brought this change. The industry has moved from the pay-to-play model to the play-to-earn model. Within this model, gamers can make progress and move up the ladder. Eventually, they can also start earning through rewards and challenges. All this has become possible due to the adoption of crypto assets and the technologies behind them. Currently, there are plenty of games in the market that offer play-to-earn capabilities. For instance, Decentraland, Gods Unchained, Splinterlands, The Sandbox, Battle of Guardians, Silks, etc. But today we will go over Axie Infinity and answer, “What is SLP coin?”. Let’s dive into it right away!
What is Axie Infinity?
Axie Infinity is an NFT-based online video game with a universe of its own that is governed by creatures that look like Pokemon and are called Axies. Players on the platform can breed, battle, raise and build kingdoms using their Axies. These Axies are issued as NFTs on the platform, making them unique and irreplaceable. Therefore, Axies are also highly famous as collectible items. Players are allowed to own their own assets (Axies) and are rewarded when the Axies reach a new level of skill.
Axie Infinity has been developed by the Vietnamese studio Sky Mavis and it runs on the Ethereum blockchain. The game is most widely known for its in-game economy of digital assets, NFTs and the marketplace that makes it all possible.
How can you start playing?
In order to start playing, you need to follow a four-step process. First, you will have to create a digital wallet to store your Axies. The next step involves buying Axies from the marketplace. The third step is all about creating an account on the Axie Infinity platform. Finally, you can download and play the game. The onboarding guide can be found here. Once the account has been set up, you can easily interact with the digital marketplace. However, you need to buy three Axies before you can actually play the game. The prices of Axies keep on changing based on their appearance, rarity, experience, attributes and type.
What is Smooth Love Potion (SLP)?
Smooth Love Potion (formerly known as small love potion) is an ERC-20 token used as a reward token on the Axie Infinity platform. The SLP token can be earned on the platform by completing various tasks and quests such as, for example, defeating bosses and winning battles. The token can also be used to breed Axies and sell them at an auction in the Axie Infinity Marketplace. The token is an integral part of the Axie Infinity platform. However, unlike Axie Infinity (AXS), the governance token of the platform, the SLP token has a limitless supply. You can not buy SLP tokens from the Axie Infinity but you can buy them on Zebpay.
Conclusion
To conclude, Axie Infinity is a blockchain game that works around breeding, battling, raising and collecting Axies (Pokemon-like creatures). Axie Infinity uses two tokens: AXS and SLP. Axie Infinity (AXS) is the governance token of the platform. Whereas, Smooth Love Potion (SLP) is the reward token of the platform.
