Axie Infinity is a blockchain-based game in which players collect, train, and digital battle monsters called Axies.
Axies are stored on the Ethereum blockchain as non-fungible tokens (NFTs). NFTs are not like other types of tokens found on the market. Instead of having a single, uniform value for all copies of the same token (e.g., $1), each Axie is assigned a value that can vary from person to person. This unique valuation gives Axie players a new level of ownership and control over their collection.
The second type of NFT is the Limited Resource Token (LRT). A set number of Axies available on the Axie Infinity blockchain will be distributed to all Axie players at the conclusion of the game. This means that only one copy of each LRT, only a few, as in most other games where you can buy your slots in an existing player’s collection.
The Axie Infinity Universe showcases the advantages of blockchain technology by incorporating it into gaming to generate in-game currency and create a player-owned economy.
But what exactly are the tokens for Axie Infinity, and how can one acquire them? This page will provide extensive information regarding the SLP and AXS tokens utilized by Axie Infinity. Let’s plunge in!
What is Axie Infinity?
The Axie Infinity SLP Token is non-tradable (meaning there will never be another minted). In other words, the total supply of the SLP tokens will remain fixed throughout the game.
The supply of these tokens will work in conjunction with an economy driven by supply and demand for Axies. Players can now obtain SLPs by breeding Axies to increase their value.
The Axie Infinity AXS Token is tradable. The number of tokens grows exponentially as the player acquires new Axies and puts them on the market. This will offer Axie players a way to monetize their collection further.
This article will discuss each of the two types of tokens found in the game, how players can acquire them and how they work within the economy of Axie Infinity.
What is Axie Infinity’s SLP Token?
Axie Infinity’s SLP token is a Non-Fungible Token (NFT) with only one unique copy. One Axie is never more valuable than another Axie of the same species, as each is assigned its own value and will always command that value regardless of its condition. As such, the same Axie can only be sold once.
Smooth Love Potion, often known as SLP, is an uncapped utility token that may be used within the game to produce additional Axies. Its acronym refers to it.
You may mine for the token by playing Axie Infinity, you can purchase it through Uniswap, or you can win it by taking part in a variety of different competitions and promotions.
You will always require Smooth Love Potions to breed young Axies successfully. In this particular scenario, the expended SLP is going to be burned, and it will be replaced with a fresh Axie.
Axies were able to breed using experience points, often known as XP, obtained using the game’s first auto-battle system before the SLP feature was included.
Because XP was given a new function when the Community Alpha was released on 12/19/2019, SLP was introduced to take its place as the new “money” underpinning breeding. This change took effect immediately.
To breed, click on the Axie you’d like to mate with the white male or female. The SPEED of your breeding session is the key to success. The easiest way to breed fast is by using potions. You can get a couple for free whenever you win a battle, and you can purchase more in the marketplace. The more you use, the faster the breeding progress bar will fill up.
When breeding, you must pay attention to the model of the Axie being bred. If you breed two same-species Axie of different classes (0-1, 0-2, and so on), then the offspring is certain to be of a class between them based on exponents. For example, two 0-1 Legendaries will produce a 2-1 Legendary.
Why is it called the SLP Token?
We don’t want to tell you how to play the game, but we will give you some tips. If the answer isn’t obvious, you may need a hint! The token is called the SLP because it is used when breeding, and you can get it for free by winning battles and paying for potions in the marketplace.
Axie Infinity’s AXS token is also an NFT, but this one can be traded and purchased using ETH. As mentioned earlier, the number of tokens grows exponentially as players acquire them. These tokens provide a way for players to monetize their collection further. Because there is no cap on the number of tokens, the value of each unit will rise over time as more people use them to play and breed Axies.
Conclusion:
Let’s wrap up with a brief recap. The Axie Infinity SLP Token is a utility token that can be used within the game to produce additional Axies and pay for other in-game services.
This token is limited and non-tradable, meaning another minted will never be. The number of tokens will diminish as they are earned by players, helping drive the game’s economy. The supply of this token will adjust dynamically in response to the larger economic forces at work in the game.
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