• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, September 6, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Smooth Love Potion ($SLP) Rises Over 50% Amid NFT.NYC Presentation

margin707 by margin707
November 4, 2021
in News
Reading Time: 3 mins read
0
smooth love potion price
Share on TwitterShare on Facebook

Today’s biggest gainer is an ERC20 token that goes by the name Smooth Love Potion ($SLP). Its price saw an increase of over 50% today rising from $0.07 last night and peaking at $0.13 today.

What Is Smooth Love Potion ($SLP)?

Smooth Love Potion is an ERC-20 utility token that’s used on the Axie Infinity ecosystem. Axie Infinity is a pokemon-inspired universe that’s built on the Ethereum blockchain.

Participants can earn tokens through skilled gameplay using their pets, or Axies. You can enter the game by purchasing Axies from other players via the marketplace.

axies marketplace

Taking a look at the marketplace we can see that it’s extremely active. In fact, within the past 24 hours alone over $33m worth of Axies has been traded. This speaks to the high amount of players and activity on the platform, which only makes sense with the recent $SLP price increase.

According to their whitepaper:

“While still in early access, Axie is ranked the #1 Ethereum game by daily, weekly, and monthly active users. It has generated over 13,000 ETH in revenue (16M+ USD) so far.”

Axies is not just an online game, it also has characteristics of a social network and jobs platform that allows participants to earn in a multitude of ways. Players can earn Axies by a variety of actions, such as:

  • Competing in PVP battles to win prizes
  • Breeding Axies and trading them on the marketplace
  • Collecting rare Axies
  • Farming love potions that are needed to breed Axies
  • Earn governance tokens (AXS) by playing the game

Why Is The Smooth Love Potion Price Rising?

The Axie team gave a presentation today at The leading annual non-fungible token even in NYC (NFT.NYC)

By the looks of it, the presentation went well as investors rushed to buy $SLP shortly after.

Can confirm @brycent_ and @Jihoz_Axie killed it on stage at nftnyc

— Dave 🍌 (@dzastr_eth) November 4, 2021

This isn’t the first time we are seeing a presentation at a conference bring buy support to a project.

For example, Rarible price went up 18% yesterday, possibly due to an upcoming conference that the team has put on.

Another possibility for $SLP’s recent price hike might be due to an announcement today that Axie Infinity has officially launched Katana DEX. This means that Axie players can now quickly swap between AXS, SLP, USDC, and WETH on Ronin-based Katana.

For the moment, players will only be able to swap between the tokens listed above, but the Axie team plans to add RON and WRON swaps as well.

Last but not least, this new integration allows anyone to become a liquidity provider and earn RON.

  • AXS/ETH – 50% of RON rewards. Importantly, if you’re currently staking AXS, you’ll need to un-stake your AXS to participate in this pool.
  • SLP/ETH – 50% of RON rewards

If you are an avid gamer and a crypto enthusiast, I definitely recommend you check out Axie Infinity, especially if you are a pokemon fan!

Follow us on twitter @thevrsoldier to stay up to date with the latest cryptocurrency news!

Tags: axie infinity
Previous Post

Binance Froze Squid Game Token Developers’ Wallet Addresses

Next Post

Oly Sport Made History With “One of the Most Successful Ido Token Sale of All Time”

Related Posts

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?
News

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Ethereum whales dump $1.8B – but could retail flip the script?
News

Ethereum whales dump $1.8B – but could retail flip the script?

August 31, 2025
Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?
News

Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?

August 30, 2025
Ethereum $5K Squeeze? Whales and Traders Smell Opportunity
News

Ethereum $5K Squeeze? Whales and Traders Smell Opportunity

August 30, 2025
Bitcoin Price Prediction For The Holiday—Breakout or Breakdown Coming
Featured

Investors Drop Lawsuit Against Strategy Over Bitcoin Risks

August 29, 2025

Press Releases

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

by Jordan Avery
September 2, 2025

Bitcoin recently slid 12.8% from its all-time high, but before the bears start celebrating, context matters. Pullbacks in the range...

Read more
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier