By using its own decentralized exchange, Ronin Wallet users minimize their transactional costs when converting their AXS and SLP to other currencies . This also effectively introduces both an AXS and SLP sink – allowing for a healthier ecosystem overall.
Read moreIs AXS and SLP the same?
What’s the difference? Smooth Love Potion (SLP) is a cryptocurrency users receive for playing Axie Infinity and is primarily used for paying breeding fees however it can be sold on exchanges. Axie Infinity Shards (AXS) is ERC 20 governance cryptocurrency for the game which allows for staking and payment use.
Read moreWhat is AXI SLP?
Smooth Love Potion (SLP) is the in-game digital currency of the Axie Infinity gaming metaverse. It enables the game’s players to breed collectible digital pets — known as Axies. The overall demand for SLP tokens has grown such that they are also traded on cryptocurrency exchanges.
Read moreHow many SLP is AXS?
It starts at 100 SLP, and increases each time reaching 2100 SLP . This limit is set to prevent hyperinflation in the market. To stake SLP, a corresponding liquidity pool was created on Uniswap. Investors can also become donors by giving a portion of their Smooth Love Potion gains to a charity thus lowering their taxes.
Read moreWhat is SLP money?
SLP is the in-game currency of Axie Infinity . These include in-game activities such as completing daily quests, battling in-game enemies through adventure mode, or taking part in arena battles against other players.
Read moreIs AXS and SLP related?
AXS can also be earned through various in-game events, such as becoming a top player in a particular season. SLP is the in-game token of Axie Infinity primarily earned through winning matches in the game .22 Ara 2021
Read moreIs AXS better than SLP?
Whereas SLP has an unlimited supply, AXS is limited to a maximal supply of 27 million . Like many governance tokens, AXS also redistributes value within the ecosystem. For instance, the breeding fee is paid partially in AXS, which is subsequently added to the community treasury.
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