What Is Smooth Love Potion?

About Smooth Love Potion (SLP)

SLP is a utility ERC-20 token of the Axie Infinity game. SLP is the main cryptocurrency that is used to breed virtual pets Axies - the main characters of the game. The price increases with every new level of pet breeding, thus making you earn more SLPs in order to continue playing. There is also a max limit for the upgrade price. It’s made so to avoid hyperinflation, and that’s how SLP supports the game and makes it the main source of income. In order to start, however, a user needs to get some SLP.

Where did Smooth Love Potion (SLP) come from?

The CEO of the Axie Infinity is Trung Nguyen, who has experience in software development as well as in crypto. His idea behind the project was to expand the opportunities of the blockchain gaming industry and bring in something new and innovative. Ethereum blockchain was a great help in achieving this purpose, he says.The platform was launched in 2019 and since then has been growing and attracting more and more users. SLP was added to Uniswap and it’s possible to trade it on other exchanges as well, including Binance, though it’s not common for in-game tokens.

What are the advantages of Smooth Love Potion (SLP)?

1. Liquidity
   
   As the token is an irreplaceable part of the Axie Infinity game, which has approximately 2 million daily users volume, SLP has high level of liquidity and turnover on the market.
2. ERC-20
   
   SLP is an ERC-20 token which means that it’s built on the Ethereum blockchain, the leading platform for hundreds of altcoins.
3. NFT
   
   The Axies (virtual pets) growth is limited, and their appearance is customizable. Full-packed and grown Axies can be sold as NFTs on the special marketplaces and give a good profit.

What are the disadvantages of Smooth Love Potion (SLP)?

1. In-game
   
   As SLP is an in-game token, it’s not that common for them to be traded on global exchanges. However, SLP is on Binance, with one note - it’s listed in the category of assets “that are likely to have higher volatility and pose a higher risk than other tokens.”

How to buy Smooth Love Potion (SLP) on SimpleSwap?

If you are interested in this token and want to get some SLP, you are welcome to SimpleSwap! Just follow the instructions below and you will get the desired crypto:

1. For example, you want to swap BTC for SLP. Select the currency you want to exchange (e.g. BTC) in the first drop-downlist. Then enter the amount you want to swap.
2. Select SLP in the second drop-down list. You’ll see the estimated amount that you’ll get after the exchange.
3. Click the Exchange button.
4. Enter the Recipient's Address. SLP will be sent. Be careful and make sure you use the correct address.
5. Create the exchange.
6. You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the BTC to SLP exchange.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.