Axie Infinity is the top NFT collection in the world with $3.8 billion in volume, followed by CryptoPunks with $2.32 billion. Our team is diligently working to keep up with trends in the crypto markets. A centralized exchange like these options is a great way for individuals to start their investing journey.
What Is the Best Payment Method to Buy Smooth Love Potion (SLP)?
- Axie Infinity is a popular play-to-earn (P2E) blockchain game where players collect, battle, and breed digital characters called Axies.
- For those looking to buy or trade Smooth Love Potion, reputable platforms like Binance, BTSE and Crypto.com offer avenues to do so securely and efficiently.
- Smooth Love Potion is a cryptocurrency used in Axie Infinity as a reward for winning battles with virtual creatures called Axies.
- The game was founded in November 2017 when work on its development started, followed by the release of its whitepaper in March 2018.
- SLP must be purchased on an alternative exchange by exchanging a digital asset like ETH or Ethereum.
Each Axie is represented by a non-fungible token (NFT) that allows holders to verify their ownership of Axies. Players can take these Axies and battle, breed and trade among other players in the game. SLP earnings can vary depending on the players’ skill and their energy resources. With the latest update, players can only earn SLP by competing in arena mode by battling other players. Since SLP is an in-game reward, users can generate it for free just by playing the game. Since the amount of SLP required to breed Axies scales with each new token minted, it often becomes a grind to secure enough SLP to breed new Axies.
Step-by-step
The Smooth Love Potion price, trading volume, and live market cap can also register an uptick amid rising market demand for cryptocurrencies or Play-to-Earn (P2E) experiences. These events could drive more investors into crypto assets like the SLP coin and drive up the price of Smooth Love Potion crypto, making it an attractive investment. While there is potential for it to be adopted in other applications, its primary use case is within Axie Infinity.
How to Buy Other Crypto Assets
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. If you don’t own any cryptocurrency, you can get started by purchasing some BTC on Binance with a credit or debit card. Individuals start with 0 SLP, earning more as they progress through different stages of the game. The only thing required to start playing would be the Axies themselves. Players need 3 Axies to begin their journey, which are available for sale on the Sky Mavis open market.
Nguyen was looking for a way to give users the chance to own assets within their favorite games. Since then, Axie Infinity has grown to house over 25 full-time employees. It even attracted attention from Mark Cuban, who contributed to Axie Infinity’s funding round. With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations. There is no better way to get started with cryptocurrencies than aiming high for the big boys.
Once you’ve created an account, determine your investment amount based on your financial situation and investment objectives. Besides SLP, Axie Infinity has a governance token called AXS which players can use to participate in determining the future direction of the game. SLP paves the way to the concept of Play-to-earn which popularizes the Axie Infinity games among players who are looking to earn some money or participate in DeFi. Currently, the best Smooth Love Potion exchange to buy SLP is Binance, which saw $ 3.36M worth of Smooth Love Potion trading volume in the last 24 hours. However, you can also choose from other exchanges that list SLP, such as KuCoin, Bybit, OKX, gate.io and Binance Futures. However, to really succeed in the game, you need to hold both SLP and AXS.
Once you have your Ethereum, you can sign up for an altcoin exchange and swap it into SLP. So, keeping that in mind, we will now provide a guide on how you can purchase some of your own SLP. Axies can be bred up to 7 times, with each sequential breeding costing more than the last.
The current market cap for SLP is roughly $100 million with about 2.5 million active players. It is important to keep in mind that the price of Smooth Love Potion is completely dependent on the Axie Infinity ecosystem. As more players join the community and start playing the game, the price falls due to the increased minting of the token. Burning mechanisms like breeding help raise the price of SLP, as well as investors buying the token. The most popular exchange to buy and trade Smooth Love Potion is Bitunix, where the most active trading pair SLP/USDT has a trading volume of $208,369.02 in the last 24 hours. In the last 394 hours, SLP/USDT recorded $ 3.90M in trading volume across 2 different cryptocurrency exchanges.
Play-to-earn games that allow individuals to earn an income from home have become increasingly popular. 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. SLP reached an all-time high of over $0.36 in April 2021 before falling down. It is currently trading at around $0.04 as of December 2021 and has a market cap of over $100 million. As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe.
You can tradeSmooth Love Potion with many fiat currencies including INR, TRY, EUR, USD, IDRand many stablecoins such as USDT, USDC. As the utility token of one of the most played blockchain games in the world, the Smooth Love Potion enjoys the status of being a leading GameFi token worth investing in. As more users sign up to play Axie Infinity, the SLP token price and market cap could experience a boost in the future, making it a worthy digital asset to invest in.
Both ERC-20 tokens are required to breed new Axies and increase your chances of earning within the game. Coin Insider is the authority on bitcoin, ethereum, ICO and blockchain news; providing breaking newsletters, incisive opinions, market analysis, and regulatory updates. See where to buy, sell & trade Smooth Love Potion (SLP) at the best prices.
When she is not writing reviews or guides about DeFi and other crypto products and services, Emma prefers to spend her time in the company of her friends and family. Smooth Love Potion, along with the rest of the Axie Infinity ecosystem, was launched by Sky Mavis as a technology-focused game studio that aims to build player-owned economies. Founder and CEO Trung Nguyen left his role as a software developer in the U.S in order to work on the project full time. SLP purchases include a few additional steps compared to other cryptographic transactions, which may make them appear more challenging.
It’s also a big driver of the Axie Infinity community by allowing users to mint unique NFTs to trade. Using SLP, users can “breed” their Axies up to seven times apiece, each time creating a token that’s more unique than the last. These NFTs can then be used or bought and sold for profit on the marketplace.
No one knows where SLP will go, but it will certainly be correlated with Axie Infinity. 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.
You can trade SLP with stablecoins on 34 Smooth Love Potion exchanges. The majority of Smooth Love Potion trading with stablecoins is done on Binance Futures. Binance is the best choice when it comes to trading Smooth Love Potion with stablecoins. The SLP crypto was launched in December 2019 and went on to get listed in the Binance Innovation Zone, along with the release of the alpha version of the game within the community.
You can buy Smooth Love Potion with a credit card on Binance and other exchanges like KuCoin, Bybit and OKX. Using a credit card is a fast and convenient payment method for purchasing cryptocurrencies, but typically comes with higher fees than other ways of buying cryptocurrency with fiat. You can buy Smooth Love Potion with USDT on the Binance cryptocurrency exchange. Binance is one of the most https://forexbitcoin.info/ popular cryptocurrency exchanges in the world, and handled $ 3.36M worth of Smooth Love Potion trading volume in the last 24 hours. Binance also lists a very large number of other cryptocurrencies, so you will have plenty of trading options in addition to Smooth Love Potion. In addition to earning SLP tokens by playing Axie Infinity, you can also purchase SLP on leading crypto exchanges.
Smooth Love Potion is unique as a gaming cryptocurrency with a specific use case in Axie Infinity, designed for stability and tied to the in-game economy. Its earning potential via gameplay attracts players without requiring large investments. Find the SLP trading pair, such as SLP/USD or SLP/BTC, and place a buy order at the current market price or at your desired price level. Once the trade is executed, the SLP tokens will be added to your exchange wallet.
Make sure to do your own research to determine which exchange works best for you. The most noteworthy solutions are TrustWallet, MetaMask, Binance ChainWallet, Ronin Wallet, and a variety of hardware alternatives. But for the sake of this tutorial, let’s pick our CryptoWallet.com because we believe it to be quick, trustworthy, and easy for both cryptocurrency enthusiasts and crypto newcomers. It is always a good idea to do your own research and to attentively look into a project’s history, development team, and use case.
We will choose Binance in this case due to its great usability and simplicity. From one cryptocurrency exchange to the next, the requirements for registration and the costs and services provided xm forex broker review may differ in detail, but they will have general similarities. The platform has its own unique system where its in-game cryptocurrency is listed (and included) on the exchanges.