Abstract

Smooth Love Potion (SLP) is an ERC-20 game token in the popular NFT game "Axie Infinity". This token is available in unlimited supply and is the main source of income for Axie Infinity gamers. Within the "Axie Infinity" ecosystem, players can use SLP to breed digital pets named Axie, and then sell these pets to other players as NFTs on the market. SLP can also be traded on cryptocurrency exchanges such as Binance.

To earn SLP, players can complete daily tasks, battle against other players in the Arena (PvP), or fight in Adventure Mode (PvE). Players can earn a limited amount of SLP per day, and once a new Axie is created, the SLP used for breeding will be destroyed.

Introduction

In the craze of NFT, blockchain technology has opened up a new world full of possibilities. world. More and more companies are choosing to create their gaming metaverses on the blockchain, many of which allow players to earn income while playing games. "Axie Infinity" is one of them, and its popularity has skyrocketed since 2018.

Axie Infinity’s rewards include its own ERC-20 token: Smooth Love Potion (SLP). As a cryptocurrency, users can buy and sell SLP tokens on the cryptocurrency market. In the game, SLP can be used to breed new Axie, which can be traded as NFT on the "Axie Infinity" market.

What is Axie Infinity?

"Axie Infinity" is a game where you can earn money while playing. Players can compete with each other through unique game characters called "Axie". You can think of Axie as a Pokémon. Each Axie has different classes, body parts and attributes. They are non-fungible tokens (NFTs) and can be stored in Ethereum wallets or Ronin wallets.

The "Axie Infinity" ecosystem is built on the Ethereum blockchain. To experience this game, you need to form an Axie team. You can buy Axie on the market or borrow it from other players through the scholarship program. You can also use Smooth Love Potion (SLP) to breed new Axie. SLP tokens can be obtained by playing "Axie Infinity", and top-ranking players can also be rewarded with AXS tokens. In addition, AXS holders can participate in the governance of the "Axie Infinity" ecosystem.

What is Smooth Love Potion (SLP)? How does it work?

As mentioned above, Smooth Love Potion (SLP) is the native cryptocurrency of the "Axie Infinity" game. SLP, previously known as Small Love Potion, is an ERC-20 gaming token with an unlimited supply. As of November 2021, the market value of SLP has reached US$197 million, with a circulating supply of more than US$3 billion.

Players can earn SLP by completing daily tasks or participating in battle or adventure games. After acquiring a certain amount of SLP currency, players can begin breeding their own unique Axie. The cost of breeding each Axie varies because it depends on the number of Axies (parents) of the breed that already exist. Each Axie can breed up to 7 times. As breeding numbers increase, more SLPs are needed.

SLP is an altcoin with a destruction mechanism. After each breeding in Axie, the SLP tokens used will be permanently destroyed. Since players can only mine a limited amount of SLP in the game each day, players will need more and more tokens if they want to get ahead of others in the breeding game. The price of SLP changes based on the scale of supply and demand. It reached an all-time high of $0.41 in July 2021.

In the metaverse of Axie Infinity, SLP is more than just an in-game currency used to breed new digital pets. It is also a reward token when players enter new levels or win battles with their Axie. On the other hand, holders can speculate on SLP prices and trade on cryptocurrency exchanges such as Binance. SLP can also be used in Uniswap liquidity pools. SLP has become part of the earn-while-playing craze, allowing players to earn money by playing Axie Infinity.

How to earn SLP in "Axie Infinity"?

SLP players can earn SLP by completing daily tasks, playing against other players in Arena Matches (PvP), or fighting monsters in Adventure Mode (PvE).

1. Complete daily tasks

As of November 2021, you can get 25 SLP by completing daily tasks. These tasks include daily check-in and clocking in, and passing 10 adventure modes. Level, win 5 competitive battles

2. Arena Battle (PvP)

Arena (PvP) is the main source of SLP rewards in the game. PvP Arena matches players based on their ranking (MMR). Each Arena match will use an energy based on the player's MMR, and each victory will provide an SLP reward. The higher your ranking, the more SLP you earn after each win. It is important to note that you need an MMR above 800 to receive SLP rewards.

If energy is depleted, players can still increase their MMR through PvP, but will not receive SLP rewards. You can view your energy values through the main menu on the upper left side of the screen. Energy value is determined by the number of Axies owned:

• 3 to 9 Axies: 20 energy values.
• 10 to 19 Axies: 40 energy points.
• 20 Axie or more: 60 energy points.

3. Combat in Adventure Mode (PvE)

Adventure is the single-player mode in this game. It contains 36 levels, the more difficult they become, the more SLP rewards you get. You can earn up to 50 SLP per day by taking risks. Energy is not required to enable Adventure Mode, it is only required if you want to gain experience points for your Axie.

Compared to PvP, PvE requires less time and effort to mine SLP. However, only one-time SLP rewards can be obtained for each adventure level. You can play the same game level again to meet the requirements for earning SLP rewards through daily tasks, but you will not receive any additional SLP rewards. In order to earn more SLP, you can also defeat monsters in specific levels to receive one-time SLP rewards.

How to get the SLP in Axie Infinity to Ronin wallet?

After you earn SLP in the game, you can manually claim it every 14 days.

1. Log in to your Axie Infinity account and link your Ronin wallet. Click [Claim Tokens] in the menu to view the amount of SLP you can claim and when to claim it. Then click [Receive SLP] to transfer SLP to your Ronin wallet.

2. Return to the Axie Infinity account control package and make sure your Ronin wallet is linked. Click [Receive Tokens]-[Receive SLP]. You will see the claimed SLP in your Ronin wallet.

3. If you want to sell SLP, you can transfer it to MetaMask or another Ethereum wallet via Roning Bridge. Alternatively, you can send SLP directly to your Binance Ronin wallet via the RON network. This will save you a fee as you won't have to pay Ethereum (ETH) gas fees.

Please note: You can also use SLP to trade another cryptocurrency through the Katana decentralized exchange platform. As of this writing, the exchange function supports AXS, WETH, USDC, and SLP.

How to buy SLP on Binance?

To breed more Axie, you may need to obtain more SLP tokens. In addition to earning it by playing the "Axie Infinity" game, you can also purchase SLP on cryptocurrency exchanges such as Binance. You can then transfer them to your Ronin wallet via the Ronin (RON) network.

1. Log in to your Binance account and go to [Trading]. Select [Classic] or [Advanced] trading mode to get started. In this tutorial, we choose [Classic].

2. Next, enter "SLP" in the search bar to view the list of SLP trading pairs available on Binance. Let’s take SLP/BUSD as an example.

3. Under [Spot], select the order type and enter the amount you want to buy. Click [Buy SLP] to place an order, and you will see the purchased SLP in your spot wallet. Here you can click [Withdraw] to transfer it to an external wallet.

Summary

《Axie Infinity 》 is one of the hottest DeFi projects today. As a game token in an earn-while-playing blockchain game, SLP provides players with a simple and interactive way to earn extra income. In fact, SLP rewards have enabled many communities in many countries or regions, including the Philippines, to increase their fiat currency income during the economic crisis caused by the COVID-19 epidemic.