{"id":26850,"date":"2022-05-14T07:52:22","date_gmt":"2022-05-14T11:52:22","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=26850"},"modified":"2024-07-28T08:26:40","modified_gmt":"2024-07-28T12:26:40","slug":"axie-infinitys-slp-currency-utility-currency-now-almost-zero","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/axie-infinitys-slp-currency-utility-currency-now-almost-zero\/","title":{"rendered":"Axie Infinity&#8217;s SLP Currency Utility Currency Now Almost Zero"},"content":{"rendered":"\n<p><a href=\"https:\/\/coinscreed.com\/staging\/blockfi-support-staking-plans-surge-axie-infinity-axs-above-30.html\">Axie Infinity's<\/a> Smooth Love Portions (SLP) are currently in the red as they dropped to $0.004 and are now almost zero<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"700\" height=\"446\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/This-crypto-platform-offers-its-users-a-90-interest-rate-on-Axie-Infinity-tokens.jpg\" alt=\"Axie Infinity's SLP Currency Utility Currency Now Almost Zero\" class=\"wp-image-16518\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/This-crypto-platform-offers-its-users-a-90-interest-rate-on-Axie-Infinity-tokens.jpg 700w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/This-crypto-platform-offers-its-users-a-90-interest-rate-on-Axie-Infinity-tokens-300x191.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><figcaption>SLP Currency Utility Currency Now Almost Zero<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-axie-infinity-s-smooth-love-potions-slp-is-now-worthless\" >Axie Infinity's Smooth Love Potions (SLP) is now worthless<\/a><\/li><li><a href=\"#h-pioneer-of-p2p-nft-games\" >Pioneer Of P2P NFT Games<\/a><\/li><li><a href=\"#h-smooth-love-potion-s-falls\" >Smooth Love Potion's Falls<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-axie-infinity-s-smooth-love-potions-slp-is-now-worthless\">Axie Infinity's Smooth Love Potions (SLP) is now worthless<\/h2>\n\n\n\n<p>Crypto markets are collapsing, and every other digital asset has been in the red for a long time, including <a href=\"https:\/\/coinscreed.com\/staging\/blockfi-support-staking-plans-surge-axie-infinity-axs-above-30.html\">Axie Infinity<\/a>&#8216;s Smooth Love Potions (SLP), which is now worthless.<\/p>\n\n\n\n<p>The currency's value has been declining, owing to a glut of players pouring into the game. Unfortunately, the SLPs are now worthless and will not even round up to a penny when totaled.<\/p>\n\n\n\n<p>Axie Infinity game developer Lars Doucet tweeted on Thursday that SLP has dropped to $0.004, giving you a reasonable estimation of $0.00.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Damn, Axie Infinity&#39;s SLP (Smooth Love Potion) utility currency went to zero! (approximately). It&#39;s now down to $0.004, rounding to the closest cent gives you $0.00<br><br>There&#39;s more to Axie than SLP, but still <a href=\"https:\/\/t.co\/tAQcPfUbCj\" target=\"_blank\">pic.twitter.com\/tAQcPfUbCj<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a><\/p>&mdash; Lars Doucet (@larsiusprime) <a href=\"https:\/\/twitter.com\/larsiusprime\/status\/1524764430633951233?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 12, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><figcaption>\u2014 Lars &#8220;Totally Texas&#8221; Doucet (@larsiusprime)\u00a0<a href=\"https:\/\/twitter.com\/larsiusprime\/status\/1524764430633951233?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noreferrer noopener\">May 12, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-pioneer-of-p2p-nft-games\">Pioneer Of P2P NFT Games<\/h2>\n\n\n\n<p>Axie Infinity was an early adopter of the popular play-to-earn model <a href=\"https:\/\/coinscreed.com\/staging\/15-play-to-earn-crypto-games-to-invest-in-2022.html\">NFT games<\/a>. It is the first NFT game to gain saturation in the market as the frontrunner.<\/p>\n\n\n\n<p>The players would breed, train, and trade these Axies in the game. Furthermore, while playing the game, users might earn SLPs. <\/p>\n\n\n\n<p>The SLP's value peaked at $0.35 in 2021 and has been steadily declining since then.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-smooth-love-potion-s-falls\">Smooth Love Potion's Falls<\/h2>\n\n\n\n<p>Smooth Love Potion's demise exemplifies the difficulties that come with <a href=\"https:\/\/coinscreed.com\/staging\/ygg-sea-to-promote-p2e-game.html\">P2E<\/a> NFT gaming. With rules in place to raise the token value, players would need to find more methods to acquire tokens.<\/p>\n\n\n\n<p>Axie Infinity attempted to improve SLP value by removing SLP farming from the game, specifically from the single-player adventure mode. Lately, they've allowed gamers to burn SLP by participating in events to boost the prize pool.<\/p>\n\n\n\n<p>Despite these changes, the game appears to be having difficulty recovering. Axie Shards reached a high of $150 in 2021, but have since dropped to under $20.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/YRazBkp0\/\" alt=\"\" width=\"755\" height=\"360\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Axie Infinity&#8217;s Smooth Love Portions (SLP) are currently in the red as they dropped to $0.004 and are now almost zero Axie Infinity&#8217;s Smooth Love Potions (SLP) is now worthless Crypto markets are collapsing, and every other digital asset has been in the red for a long time, including Axie Infinity&#8216;s Smooth Love Potions (SLP), [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":16518,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[6204,9687],"class_list":["post-26850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-axie-infinity-2","tag-smooth-love-portions-slp"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/This-crypto-platform-offers-its-users-a-90-interest-rate-on-Axie-Infinity-tokens.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=26850"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/16518"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=26850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=26850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=26850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}