Smooth Love Potion Token Supply Will Be Reduced, SLP Price Skyrocketed Again

SLP token prices skyrocketed (Intraday)

JAKARTA – The price of the Smooth Love Potion (SLP) token suddenly skyrocketed in the last few days. The increase was triggered by popular play-to-earn (P2E) game developer Axie Infinity who implemented changes to the in-game reward system. This is intended to balance the Axie Infinity project ecosystem.

Reporting from Cryptopotato, game developer Axie Infinity plans to reduce the supply of SLP tokens by 56 percent of the total tokens currently available. This reduction will make SLP even rarer.

At the end of 2021, play-to-earn games have increasingly enlivened the gaming world and have become a trend to this day. The concept of play-to-earn itself has attracted the interest of various circles of the global community, playing while making money.

For your information, Axie Infinity is one of the leading games in the world of play-to-earn. The emergence of this game is inspired by a number of games that were popular in the past including Pokemon and Tamagotchi. The game allows players to collect, breed, battle, and trade a creature called "Axie".

Players will get SLP tokens as a reward. These tokens can be exchanged for a number of in-game features such as breeding new creatures. On the other hand, the game project development team revealed that the issuance of SLP tokens will be reduced.

“Daily quests were, in principle, great for encouraging people to play every day, but are now a mass emission mechanism for SLP. By removing daily searches, we were able to reduce the issuance of approximately 45 million SLPs per day.”

This reduction is intended for the advancement of the game Axie Infinity in the future. Automatically, the supply of SLP tokens is expected to fall by 56 percent.

“The Axie economy needs drastic and decisive action now, or we risk total and permanent economic collapse. That would be a lot more painful," said the developer.

In addition, the development team Axie Infinity also promised to hold a prize of 6 million US dollars. They will also be implementing changes to the game's reward structure. In season 19, Axie Infinity distributed 3,000 AXS tokens to the best players sitting on the leaderboard. The prize was increased to 117,676 for the top 300,000 players in the following season.

“Simply put, we have prioritized growth and millions onboard. Without this approach, it's likely that Axie will remain a small niche game with a few thousand players," the team concludes.