Smooth Love Potion (SLP) is a digital asset obtained by participating in the Axie Infinity game, functioning as a substitute for experience points. These assets exist as ERC-20 tokens and are utilized to breed new digital creatures called Axies. Breeding expenses start at 100 SLP and rise incrementally: the second breeding requires 200 SLP, the third costs 300 SLP, the fourth is 500 SLP, the fifth reaches 800 SLP, and the sixth demands 1,300 SLP. An Axie can be bred up to seven times total, with the final breeding costing 2,100 SLP. This cap is implemented to avoid hyperinflation within the marketplace. Accumulating sufficient SLP through gameplay can be time-consuming, potentially requiring a player to win 15 competitions to afford their first breeding. Alternatively, gamers may buy SLP on the open market to accelerate the process.

Rather than asking who founded Smooth Love Potion, it is more accurate to ask who founded Axie Infinity. The CEO of the company behind the game is Trung Nguyen, who left his position as a software developer in the U.S. to dedicate himself to the project.

Nguyen stated that his interest in applying blockchain technology to gaming stemmed from frustration that players of popular titles do not truly own their valuable in-game assets. In an interview with Blockchain Gamer, he mentioned that the Ethereum platform provided him with the ideal chance to build his “dream game.”

According to Nguyen, the breeding mechanic, which utilizes SLP, is intended to feel familiar to players of other collectible games like CryptoKitties.

It is rare for in-game currencies to be listed on exchanges as SLP has been. This situation is comparable to Nintendo attaching monetary value to the coins found in Super Mario.

According to Nguyen, Axies differ from other non-fungible tokens because they require nurturing to have any possibility of reaching adulthood.

SLP is also distinct as one of the few in-game tokens listed by Binance in its Innovation Zone. The exchange reserves this category for assets “that are likely to have higher volatility and pose a higher risk than other tokens.”

The circulating supply of Smooth Love Potion (SLP) is dynamic rather than fixed, as tokens are burned during the Axie breeding process. Currently, this ERC-20 asset has no maximum supply limit, with tens of millions in circulation at the time of writing. A significant rise in the Axie Infinity player base could introduce substantially more SLP into the ecosystem through competitive play outcomes. Regarding price history, SLP hit an all-time high of $0.3642 on May 1, 2021, before losing nearly 75% of its value. It later recovered to reach a peak of $0.3462 in mid-July, but has since been on a downward trajectory.

Smooth Love Potion does not operate on its own blockchain because it is an ERC-20 token. Instead, it functions on the Ethereum blockchain.

At its inception, Smooth Love Potion (SLP) lacked a variable market price as a crypto asset. This situation shifted once a liquidity pool for SLP was established on Uniswap. As noted previously, the Binance Innovation Zone has introduced support for this Pokémon-themed game.

Currently, the leading platforms for purchasing, selling, and trading SLP include Binance, KuCoin, Gate.io, Gemini, OKEx, Uniswap (V3), and SushiSwap, among others.

A variety of trading pairs are available, such as SLP/ETH, SLP/USDT, and SLP/BUSD. There is also significant demand in the Philippines for the SLP to PHP rate, in Australia for SLP to AUD, and in Europe for SLP to EUR.

Consequently, buying SLP directly with fiat currency might prove challenging. You may therefore need to exchange your dollars, pounds, or euros for a major cryptocurrency like Ethereum before proceeding.