Smooth Love Potion (SLP), the native token in the play-to-earn game Axie Infinity, has been the center of attention across various discussions. Its use for claiming
airdrops and increased profitability had been highlighted. Due to restructuring in
Axie Infinity's tokenomics, SLP has seen a change in its supply cap and distribution, instigating significant adjustments to the game's economy. Successful play-to-earn games like Axie Infinity have been praised for their transformative impact, alleviating poverty for some gamers. SLP experienced a staggering 300% gain, including sudden price surges, predicted by some to continue into 2030. However, among the conversation, some controversies arose, notably about a mysterious holder of a significant proportion of SLP tokens. Instability and fear were noted in the light of dramatic price fluctuations. Market reports showed SLP bouncing back from lows and Axie Infinity's efforts to manage its economy through supply cuts and increased prize pools. While there were concerns about the steep dip in the value of SLP, market players held on with the hope instilled by the revamped reward structure for Axie Infinity. The situation spun positively with the token being utilized for payments by some
Filipino merchants, along with significant developments like the entrance of Binance into the SLP market. Finally, the potential for
AxieDAO token burn promises a new phase for the play-to-earn initiative.
Smooth Love Potion News Analytics from Fri, 09 Jul 2021 07:00:00 GMT to Wed, 11 Sep 2024 12:06:50 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor 4
