burning mechanism

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of slp coin forum apply. There’s a discussion about introducing a SLP burning mechanism. Unlimited supply is their main argument but ETH and Doge have infinite supply as well.

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There are many more other platforms where the SLP token is available for trading. You need to check out your local crypto trading platforms. Another method of buying SLP Coin is Decentralized exchanges and wallets like Metamask.

Smooth Love Potion Crypto Price Prediction, Value and Chart (SLP)

Smooth Love Potion can be found on many premium crypto trading platforms. If you wish to buy SLP Coin the trending crypto exchanges are KuCoin, Gate.io, Gemini, Binance, WazirX, OKEx, Mandala Exchange, FTX, and Bybit. By signing up on such platforms you can easily add SLP Coin to your crypto portfolio. In the bearish events of 2023, SLP has lost its value by 95%. SLP Coin often pumps the same dump but it’s normal in the crypto market.

Paying people with native coin was a good thing rather than use game token with infinite supply. This problem will remain forever until the team will be stopping people to mint unlimited amounts of SLP everyday. Smooth Love potion is not a scam token however by looking at its price, you can say so, as its keep on dumping and never pumps. The reason for this its unlimited supply and new coins are being generated and awarded to people every day as a winning incentive. If we look at the SLP future price predictions, there are hardly any chances of SLP reaching $1 even by 2030. However, it must be remembered that all these predictions are aggregate predictions from multiple platforms.

slp coin

P2E mode will no longer reward players with new supply of tokens. Besides SLP, Axie Infinity has a governance token called AXS which players can use to participate in determining the future direction of the game. Smooth Love Potion produces its own wallet software that is available for download on its website, which allows you to store Smooth Love Potion on your computer. It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase.

Smooth Love Potion (SLP) Price Prediction 2025

However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again. How you invest is a personal decision depending on your risk tolerance and investing strategy. You should do your own research to take an informed view of the market and decide whether SLP is an appropriate fit for your portfolio. Launched in 2018 by game studio Sky Mavis, Axie Infinity surpassed CryptoPunks, one of the first major NFT collections. On 16 September, Axie had a total traded volume of more than $4.25bn, compared with $2.93bn for CryptoPunks, according to data from DappRadar. It’s that people who are calling it a scam when the price is too low.

  • It depends upon you which type of investment you choose.
  • People always going crazy when some of the coin in the market suddenly fell and can’t even recover in just short period of time.
  • If everything goes fine the SLP Coin can gain again its position in the next bull run.
  • However, players began collecting SLP tokens to cash out on exchanges, affecting the game’s tokenomics.
  • However, we need to wait some more months to predict the future of the Smooth Love Potion coin.

The real use cases of the Smooth Love Potion project make SLP Coin a promising project in the long term. SLP Coin is also a trending coin in many countries as per CoinGecko social media posts. As one of the growing Gaming projects, SLP Coin looks strong of its limited token supply and response from the investors. So, what do some forecasters predict for the future of the SLP token price? However, players began collecting SLP tokens to cash out on exchanges, affecting the game’s tokenomics. The developers have since limited the ways players can earn SLP and launched a new season of the game in August, again adjusting the way the token works.

SLP Burn Statistics

Smooth Love Potion is another cryptocurrency that has taken the fall in the last few days. The token has plunged by almost 12 per cent in the last 24 hours and is trading at USD 0.06 as of 3 PM, Tuesday. Ranked at 339, the coin’s market cap of USD 127,553,101 has also been on a gradual decline. You should carefully consider whether you fully understand how cryptocurrency trading works and whether you can afford to take the high risk of losing all your invested money.


If more investors choose Smooth Love Potion, the prices of SLP Coin can skyrocket and it may hit its $1 target before our SLP Coin price prediction. Some new listings on premium exchanges may also increase the value of SLP Coin. Smooth Love Potion gave a great return to its initial investors in 2021.

Cause I am also playing axie and I can monitor what happened to it eversince. There’s no thing wrong on releasing their ron as it served as their chain network token. But I can’t deny that the team haven’t put such effort on putting much value on their some coins like slp.

Why is Smooth Love Potion SLP coin going down?

Players can use SLP to breed digital pets called Axies, NFTs that they can sell to other players in the Axie Infinity Marketplace. Creating a game token with unlimited supply is a huge mistake. The devs are working on the various solutions but none of these solutions are affective to make the burn token to be equal with minted tokens. People always going crazy when some of the coin in the market suddenly fell and can’t even recover in just short period of time.

Smooth Love Potion was launched at the beginning of January 2020. The token’s price broke past $0.10 on 15 March 2021, the day when Axie Infinity tweeted about new projects it was working on. It included a new battle system and a marketplace upgrade. If you look at a coin like SLP and consider to be scam, then what do you think is not a scam? Users can trade SLP tokens with other cryptocurrencies on the crypto exchange platform. Furthermore, considering the current macro and microeconomic factors, SLP can certainly cross that value in the calculated time either.

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With huge community support, Axie Infinity has the vision to disrupt the Gaming economy through its innovative projects like SLP Coin. Smooth Love Potion Coin is a metaverse-based project like The Sandbox and Decentraland . The SLP project belongs to Axie Infinity Gaming which is one of the most popular metaverse-based gaming platforms.

Following its success, the SLP token started to lose its value. In September 2021, the token’s price reached the $0.10 mark. In January 2022, the token’s price fell even further to $0.01. Such a whopping price drop can be easily explained by Axie Infinity starting to lose its target audience.

So, before making any investment decision do your proper risk management properly. CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely. You can still benefit if the market moves in your favour, or make a loss if it moves against you.

On 9th May 2022, the active user count fell below 1 Million for the first time in 2022 and since then it has been falling rapidly. SLP Coin has the backing of half a million holders which makes it strong. The maximum token supply of SLP is 42,796,403,783 SLP tokens, and that is considered a fair amount. However, never forget that there is always some risk to any investment. Cryptos are not just the most profitable but riskiest asset as well. It depends upon you which type of investment you choose.