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Because of this, the developers allow users to purchase the token and use it in-game. This workaround helps those who are not willing to spend hours playing Axie Infinity for SLP. Axie Infinity allows players to breed, battle and acquire pets within their game. Players can purchase Axie Infinity tokens (AXS), which give them voting rights for the project and can be used to purchase in-game pets. Each Axie is represented by a non-fungible token (NFT) that allows holders to verify their ownership of Axies.
It is the crypto market standard, benchmarking billions of dollars in registered financial products and pricing hundreds of millions in daily over-the-counter transactions. Built for replicability and reliability, in continuous operation since 2014, the XBX is relied upon by asset allocators, asset managers, market participants and exchanges. The XBX is the flagship in a portfolio of single- and multi-asset indices offered by CoinDesk. Axis, the newly acquired virtual pets, may be bred and developed using in-game AXS, which turn into tokens. As the player completes a series of in-game battles, exercises, or jobs, these pets’ in-game breeding level or breed increases. Once the review process has passed you will be asked to add your credit card or debit card details to Binance.
Open your crypto wallet and welcome your newly purchased cryptocurrency. It’s very important to note that you must use a VPN EVERY time you access Binance international, otherwise it may be detected that you’re in the US and your account will be locked. If your account is locked you may not be able to withdraw any cryptocurrency you have stored in it. If your account fails this review process you may want to instead use this method of buying Smooth Love Potion on Binance. Now that you have an understanding of how Axie Infinity and SLP work, you may be interested in purchasing the token for either investment or to use in the game. Fortunately, it is fairly easy to acquire and only takes a few short steps.
Why is Kriptomat the best place to buy Smooth Love Potion?
This company oversees the development of the game and its cryptocurrencies. The game was founded in November 2017 when work on its development started, followed by the release of its whitepaper in March 2018. As of March 2023, the all-time high price of Smooth crowdloans on polkadot Love Potion stands at $0.4191, well under the $1 mark. Meanwhile, the SLP price trades well below this level at the time of writing. The SLP price has skyrocketed in a short period, given Axie Infinity’s rapid expansion and the parabolic run of AXS.
In addition, due to the rising popularity of the Axie Infinity game, its SLP token is also accepted as a payment method across businesses in the Philippines. While it can be traded and swapped through crypto exchanges like OKX and used for real-world purchases, its primary role is in-game transactions. Another unique factor about SLP is its self-burning mechanism activated at the moment of Axie breeding. While players can earn SLP inside Axie Infinity by winning games, they can progress more by purchasing SLP in large amounts on any exchange platform.
The intriguing aspect of this coin is that it is designed to function as a resource for the BlockChain game Axie Infinity, which is present in the NFT metaverse. Get any of the 400+ supported cryptocurrencies in mere minutes with just a few clicks and at the best rates on the market. With a convenient iDEAL payment service, you can have your Bitcoins or Ethereum bought in no time!
SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace. This type of gameplay loop has been criticized in the past as exploitative or even predatory.
Most Popular Exchanges to Trade Smooth Love Potion
Alternatively, you can buy SLP directly with fiat or convert your crypto to SLP. SLP differs from most popular cryptocurrencies because it’s minted through Axie Infinity’s gaming universe, utilizing play-to-earn mechanics. The more Axie Infinity’s user base expands, the more SLP tokens are created. SLP distribution is centralized, and there was no presale or initial token allocation.
Ledger wallets support the storage and sending of Smooth Love Potion as well as many other cryptocurrencies- you can see a full list here. There will be a brief confirmation time, then your ETH will appear on the Binance account, where you may then trade it for SLP. To execute the transaction, choose the ETH/SLP trading pairings, enter the trade amount, and then select the confirm button.
It should be noted that SLP is not a governance token; that responsibility goes to the in-game token AXS. Trust is a mobile phone based cryptocurrency wallet that supports the storage, sending and receiving of leading cryptocurrencies, including Smooth Love Potion. BRD is a mobile wallet that offers the ability to create various types of cryptocurrency wallets including one that supports Smooth Love Potion. You can then receive, store and send Smooth Love Potion from that wallet. You may be told that your account is under review to assess if you are eligible to purchase cryptocurrencies using a credit card or debit card. SLP is essentially a way for experience points to be represented in the form of cryptocurrency.
The CoinCodex Cryptocurrency Price Tracker
Create a market order to buy immediately or a limit order to set a price to buy at in the future. To check Smooth Love Potion’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. See where to buy, sell & trade Smooth Love Potion (SLP) at the best prices. Compare SLP pairs across exchanges to get the best price for your portfolio. We take a comprehensive security approach to ensure your crypto investments and identity are safe.
KuCoin’s Crypto Lending feature is one option where you can lend liquidity in SLP and earn attractive returns on your investment. Being a software engineer, he was interested in building a blockchain-based game of his own after playing CryptoKitties in 2017. The economy, true ownership and the advanced genetic system fascinated Nguyen and led to the creation of Axie Infinity. You can trade SLP with stablecoins on 38 Smooth Love Potion exchanges.
SLP is the name and ticker symbol of the protocol’s native ERC-20 token. It is only one of the gaming tokens used in the Axie universe, and it facilitates the breeding of digital pets called Axies. Axie Infinity utilizes the Ronin Network, a sidechain created specifically for the game and linked with the Ethereum blockchain. The network increases blockchain efficiency, facilitating fast and seamless in-game transactions. The sidechain also drastically reduces gas fees in contrast with Ethereum, enabling players to breed Axies and participate in battles without transaction fees.
The value of an SLP token and Smooth Love Potion price is based on market demand and can fluctuate. We aggregate crypto offers from a variety of fiat payment providers so that you can always find the very best one. Apple Pay and Google Pay are the quickest ways to buy SLP with a credit or a debit card from your iOS or Android device. We’ve created an intuitive interface so that you can purchase crypto in an effortless and fast way.
- Deposit crypto to our exchange and trade with deep liquidity and low fees.
- Smooth Love Potion is a utility token designed to work as Axie Infinity’s internal economy fuel and grow as more players join the ecosystem.
- Your secure portal to the world of cryptocurrency, Kriptomat accounts are completely free and only take a few moments to create.
- Open your crypto wallet and welcome your newly purchased cryptocurrency.
- Chaired by CEO Trung Nguyen in December of 2019, this game has proven to be one of the more successful blockchain games that focuses on the ‘Play-to-Earn’ model.
The PvP Arena mode within the Axie Infinity game lets you battle your Axies against those of other players and offers a lucrative way to earn SLP in the game. Your earning potential depends on your MMR (Match Making Ranking) rate in this mode. One of the most significant differences between the tokens lies in their circulating supply and total supply. SLP has no fixed total supply (uncapped) and remains in full circulation, meaning that 100% of the total supply of the crypto is up for grabs in the game’s ecosystem. Meanwhile, the AXS crypto has a fixed total supply of 270 million, and less than a quarter of this is currently in circulation as of June 2022.
Binance also lists a very large number of other cryptocurrencies, so you will have plenty of trading options in addition to Smooth Love Potion. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates. While the AXS token serves as a form of governance and purchasing power, the game also offers another token that can be earned in-game. SLP is essentially a cryptocurrency representation of experience points.
What is the best way to store SLP crypto funds?
To convert your SLP, you can use the “Trade” or “Swap” features on your trading platform. Enter in the amount of SLP to trade for another token and execute the trade. The Nano S is designed for beginners and only has necessary security features. The Nano X has the same security features but focuses on ease of use, with bluetooth connectivity and a larger screen. Hardware wallets are physical devices that hold the private keys necessary to send crypto. Without the physical device present, it is nearly impossible to hack the wallet.
- It is primarily used in the game to breed Axies, although it can be sold and traded across various exchanges.
- Before you can buy SLP, you will need to find a broker or exchange that supports it.
- World currency prices are based on rates obtained via Open Exchange Rates.
- Smooth Love Potion tokens currently have a circulating supply of 1.51 billion.
- It is earned by beating other players in battle and can be spent on breeding Axies.
- This service is offered by organizations like eToro and several others.
The most popular Smooth Love Potion exchanges are Binance, KuCoin, OKX and gate.io. There are many other crypto exchanges where you can trade Smooth Love Potion, but make sure to do your own research before making your choice. Smooth Love Potion serves as an in-game currency earned by players. Rewards are tied to completing player vs. environment (PvE) and player vs. player (PvP) objectives in the game. The SLP token lets players breed Axies, which are in-game characters that can be used in battles or sold.
Payments with iDEAL are made using the mobile banking app or your own online banking system. Verify your identity with our providers to buy crypto without any hurdles. This will help to make sure no one but you uses or changes your payment information. The service is free to use and you can create as many wallets as you want. BRD wallet is free but you’ll need a mobile phone to use it on- go to either the Apple store or the Google Play store to download and install it.
Holders of the AXS token enjoy voting rights within Axie Infinity and can also stake them to receive rewards via revenues from the game’s community treasury. You can also build up the capabilities of your Axies with the help of the SLP currency. Use your SLP experience points to buy items from the Axie Infinity marketplace to increase their value and earning potential. Breeding in Axie Infinity can only be done a maximum of seven times.
Due to the soaring popularity of the Axie Infinity game in key markets, especially the Philippines, several offline and online businesses accept SLP as a valid payment method. You can use your Smooth Love Potion cryptocurrency to purchase goods and services from such stores. You can buy Smooth Love Potion on cryptocurrency exchanges like Bibox, Bilaxy, Tapbit, Binance and Binance US. Hit the sign-up button and fill in any contact information you are asked for.
We provide quick crypto purchases to more than 2.6 million users every month. Your purchased cryptocurrency will arrive in your crypto wallet soon. MyEtherWallet is a web service that offers the ability to create an Ethereum wallet (Ethereum is the blockchain that Smooth Love Potion exists on). To do this they encrypt the private keys to your cryptocurrency wallets so no-one- not even you- can know them.