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Smooth Love Potion Stock

Smooth Love Potion

SLP

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Smooth Love Potion Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
CoinUp.ioSLP/USDT08,853.846,080.532.32 M0.1cex17/9/2025, 6:18 AM
BiboxSLP/USDT01,104.4526.8723,650.360.28cex277/9/2025, 6:21 AM
TruBit Pro ExchangeSLP/USDT034,279.3129,178.52587,986.290.15cex3117/9/2025, 6:21 AM
HotcoinSLP/USDT02,426.442,111.63509,750.720.07cex2247/9/2025, 6:23 AM
BinanceSLP/USDT035,022.3423,640.13377,256.060cex646.757/9/2025, 6:23 AM
VOOX ExchangeSLP/USDT01,225.75701.58336,323.280.06cex137/9/2025, 6:21 AM
GateSLP/USDT024,763.3917,755.86256,902.670.01cex3967/9/2025, 6:23 AM
BitazzaSLP/USDT000221,170.670.93cex17/9/2025, 6:21 AM
KCEXSLP/USDT013,181.4913,463.95206,478.390.02cex2427/9/2025, 6:18 AM
4ESLP/USDT036,683.0723,329.67186,812.440.01cex47/9/2025, 6:21 AM
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Smooth Love Potion FAQ

### What is Smooth Love Potion (SLP)? Smooth Love Potion (SLP) is a cryptocurrency token designed to be an integral part of the ecosystem within the Axie Infinity blockchain game. Functioning as an in-game currency, SLP is primarily used for breeding new virtual pets known as Axies. These tokens are earned through gameplay and can be traded on various cryptocurrency exchanges, providing players with the flexibility to buy, sell, or trade as desired. For more detailed information on the current statistics and market performance of Smooth Love Potion, visit the Eulerpool website.

Smooth Love Potion (SLP) tokens are acquired through playing the Axie Infinity game. This digital asset acts as a replacement for experience points. SLP tokens are based on the ERC-20 standard and can be utilized to breed new digital pets, known as Axies. The breeding cost begins at 100 SLP and rises incrementally: 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth, and 1,300 for the sixth. Each Axie can be bred up to seven times, with the seventh breed costing 2,100 SLP. This limitation is in place to prevent hyperinflation within the marketplace. Earning SLP through gameplay can be time-consuming, potentially requiring a player to win 15 competitions to accumulate enough tokens for their first breeding attempt. Purchasing SLP on the open market provides gamers with an opportunity to accelerate their progress.

### Who Are the Founders of Smooth Love Potion? Eulerpool

Who founded Axie Infinity? The CEO of the company behind this game is Trung Nguyen. He left his position as a software developer in the United States to concentrate on this project. Nguyen revealed that his interest in blockchain's potential in gaming stemmed from his frustration with the fact that many players do not genuinely own valuable assets in mainstream gaming titles. In an interview with Blockchain Gamer, he expressed that the Ethereum platform offered him the perfect opportunity to develop his "dream game." Nguyen explains that the breeding process, for which SLP is utilized, is designed to be familiar to those who have played other collectible games such as CryptoKitties.

**What Distinguishes Smooth Love Potion?**

It's quite uncommon for in-game currencies to be listed on exchanges as Smooth Love Potion (SLP) has. In a sense, it's comparable to Nintendo assigning monetary value to the coins used in Super Mario. Nguyen notes that Axies differ from other non-fungible tokens due to the nurturing they require to have any chance of reaching adulthood. SLP is also distinct because it has become one of the few in-game tokens to be listed by Binance in its Innovation Zone. The exchange has allocated this trading category for assets "that are likely to have higher volatility and pose a higher risk than other tokens."

What is the Circulating Supply of Smooth Love Potion (SLP) Coins?

In terms of tokenomics, the circulation of Smooth Love Potion (SLP) is quite dynamic. This is due to the mechanism whereby tokens are burned whenever new Axies are bred. Despite this, the circulating supply of SLP was in the tens of millions at the time of writing, and this ERC-20 token does not possess a hard supply cap. Should there be a significant increase in the number of Axie Infinity players, it might lead to substantially higher levels of SLP entering the ecosystem as more competitions are played and outcomes determined. The price of Smooth Love Potion surged to an all-time high (ATH) of $0.3642 on May 1, 2021, before experiencing a drop of almost 75% in its value. Prices subsequently peaked again in mid-July, reaching a high of $0.3462. Since then, the price of Smooth Love Potion has exhibited a downward trend.

How is the Smooth Love Potion Network Secured?

Smooth Love Potion is an ERC-20 token, which means it does not have its own blockchain but operates on the Ethereum blockchain.

Where can Smooth Love Potion (SLP) be purchased?

Upon its initial launch, Smooth Love Potion (SLP) did not exhibit variability in its value as a cryptocurrency. This situation evolved with the establishment of a liquidity pool for SLP on Uniswap. Furthermore, the Binance Innovation Zone announced its support for the Pokémon-inspired game. The leading exchanges where SLP can be bought, sold, and traded include Binance, KuCoin, Gate.io, Gemini, OKEx, Uniswap (V3), SushiSwap, among others. A variety of trading pairs are accessible, such as SLP/ETH, SLP/USDT, and SLP/BUSD. Notably, there is significant interest in the Philippines for the SLP to PHP price, in Australia for the SLP to AUD price, and in Europe for the SLP to EUR price. These factors indicate that acquiring SLP directly with fiat currency may present challenges. Consequently, one may need to exchange their dollars, pounds, or euros for a major cryptocurrency like Ethereum beforehand. For beginners, Eulerpool provides a user-friendly guide on purchasing cryptocurrencies, extensive project analyses, and additional educational resources.

Investors interested in Smooth Love Potion are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.