Smooth Love Potion
Current price
$0.000567
−7.05%24h
LiveUpdated 27s ago
TodaySmooth Love Potion drops 7.0%, trailing the market.
Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices
View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.35%
- 24 hours−7.05%
- 7 days−12.09%
- 30 days−7.54%
- 1 year−57.16%
Smooth Love Potion's move in context
Lagging the market today
−7.05% today against −3.27% for the market as a whole, a gap of 3.8 points. A gap this wide suggests something specific to Smooth Love Potion may be moving it, not just the market mood.
Part of a slide
−12.1% over 7 days and −7.5% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Smooth Love Potion
Overview
Smooth Love Potion (SLP) is a utility token that serves as an in-game currency within the popular blockchain-based game Axie Infinity. SLP is integral to the gameplay mechanics of Axie Infinity, where players can earn tokens by engaging in battles, breeding Axies (fantasy creatures), and fulfilling various tasks. Its core mission is to empower players by providing them with ownership of their in-game assets, enabling a play-to-earn model that rewards active participation. Distinguishing features of SLP include its fungibility and its ability to be traded on various cryptocurrency exchanges, which provides players with real-world value for their efforts in the game.
Technical Features
The Smooth Love Potion operates on the Ethereum blockchain, utilizing its robust security and decentralized nature. SLP employs the ERC-20 token standard, which ensures compatibility with a wide range of wallets and platforms. The consensus mechanism depends on Ethereum’s proof-of-work (PoW), transitioning to a proof-of-stake (PoS) model as part of Ethereum 2.0 upgrades. The network architecture is designed to handle high volumes of transactions, facilitating interactions within the Axie Infinity ecosystem. Additionally, SLP incorporates smart contracts that automate various in-game mechanics, ensuring transparency and trust in every transaction.
Use Cases
SLP's primary use case is within Axie Infinity, where players earn tokens as rewards for gameplay, enabling both trading and breeding of Axies. Beyond the game, SLP can also be utilized in the broader decentralized finance (DeFi) ecosystem, allowing players to stake their tokens for rewards or participate in liquidity pools. Furthermore, SLP may serve as a governance token in future developments, granting holders a say in the game's evolution. It can facilitate cross-border payments among players globally, emphasizing its versatility as an asset and a medium of exchange.
Development Background
Smooth Love Potion was first introduced in 2018 along with the launch of Axie Infinity by Sky Mavis, a technology company based in Vietnam. The token’s development was spearheaded by a team of innovative developers and gaming enthusiasts dedicated to creating an engaging play-to-earn environment. Significant milestones include the successful implementation of breeding mechanics in 2020, which drove demand for SLP, and the rapid adoption of Axie Infinity that followed, leading to notable events such as its explosive growth during the 2021 crypto market boom.
Community and Ecosystem
The SLP ecosystem is supported by a vibrant community of players, developers, and investors who contribute to its growth. Numerous partnerships have been established with other blockchain projects to enhance the utility and reach of SLP, fostering collaborations that integrate SLP into various DeFi platforms and applications. Community-driven initiatives, such as tournaments and educational programs, encourage engagement and support among users, further strengthening the ecosystem and driving innovation around SLP and Axie Infinity.
Future Potential
The future potential of Smooth Love Potion looks promising due to its unique play-to-earn model, which continues to attract a growing player base. Upcoming features outlined in the Axie Infinity roadmap include enhancements to the breeding process and potential expansion into new gaming experiences, which could drive demand for SLP. As blockchain gaming gains popularity and the DeFi landscape evolves, SLP is well-positioned to maintain its relevance, potentially influencing the broader gaming and cryptocurrency sectors.
Smooth Love Potion market
- Position by market cap among the coins we track.
- #305
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $23.34M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.000559High $0.000616
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.3997
- Now 0% of itReached 13 Jul 2021 · Needs +70,399% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 41.17B SLP
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Smooth Love Potion converter
1 Smooth Love Potion = $0.000567
