Track Smooth Love Potion (SLP) — Live Price & Historical Data

What is Smooth Love Potion?

Smooth Love Potion (SLP) is an ERC-20 utility token that serves as the primary in-game currency within Axie Infinity, the pioneering play-to-earn blockchain game developed by Vietnamese studio Sky Mavis. Founded in 2018 by Trung Nguyen, Aleksander Larsen, and Jeff Zirlin, Sky Mavis launched SLP alongside the broader Axie Infinity ecosystem to create an economic layer where players could earn tokens through gameplay. While originally issued on Ethereum, SLP primarily operates on Ronin, the EVM-compatible sidechain Sky Mavis built specifically to support Axie Infinity's high transaction volume and eliminate the prohibitive gas fees that plagued the Ethereum mainnet version. Players earn SLP by completing daily quests, winning arena PvP battles, and progressing through Adventure mode, then spend it on breeding new Axie NFT creatures—a process that permanently burns the tokens. The SLP ecosystem reached peak cultural relevance in 2021, particularly in countries like the Philippines, Venezuela, and Indonesia, where thousands of players—sometimes organized into 'scholarship' guilds like Yield Guild Games—earned livable incomes from Axie gameplay during the pandemic. At its height, daily SLP earnings exceeded local minimum wages in several emerging markets, drawing global media attention to the play-to-earn model. However, the ecosystem faced severe challenges beginning in late 2021 as token inflation outpaced breeding demand, causing SLP's price to collapse from its peak of roughly $0.40 to fractions of a cent. Sky Mavis responded by overhauling the tokenomics, removing SLP rewards from Adventure mode and daily quests to curb hyperinflation, and restricting earnings exclusively to competitive Arena play. The project also endured one of crypto's largest hacks in March 2022, when North Korea-linked Lazarus Group attackers exploited the Ronin Bridge and drained approximately $620 million in ETH and USDC, forcing Sky Mavis to reimburse users and rebuild bridge security with additional validators including Binance. Despite these setbacks, Axie Infinity remains one of the most recognized blockchain games, and Sky Mavis has continued expanding with Axie Infinity: Origins, Homeland, and the broader Ronin Network, which now hosts third-party games like Pixels. Notable partnerships include integration with Binance, Coinbase Ventures backing, Ubisoft joining Ronin as a validator, and Google Cloud becoming a validator to strengthen network decentralization. SLP's current state reflects a matured but smaller ecosystem: breeding demand has stabilized, inflation has been tamed through aggressive supply-side cuts, and the token trades with a circulating supply significantly influenced by ongoing burns from active breeding. While the hyper-earnings era has passed, SLP remains a foundational component of one of Web3's most studied gaming economies and a live case study in designing sustainable play-to-earn tokenomics. Today, SLP is actively traded on major exchanges including Binance, OKX, and Kucoin, with the SLP/USDT and SLP/USDC pairs serving as its primary liquidity venues. The token continues to hold historical significance as the asset that introduced millions of users worldwide to blockchain gaming and cryptocurrency wallets for the first time.

Key Features of Smooth Love Potion

• Ronin Sidechain Native: SLP operates primarily on Ronin, Sky Mavis's purpose-built EVM sidechain, enabling near-instant transactions and negligible fees compared to Ethereum mainnet. This infrastructure allows millions of micro-transactions from daily gameplay without cost barriers that would make play-to-earn economics unviable.
• Deflationary Burn Mechanism: Every Axie breeding event permanently destroys a fixed amount of SLP, directly linking game activity to token supply reduction. This creates a transparent, on-chain relationship between breeding demand and token scarcity, distinguishing SLP from tokens with purely speculative burn schedules.
• Gameplay-Based Earnings: Unlike tokens distributed through staking or airdrops, SLP is exclusively earned through competitive skill-based Arena battles following the 2022 tokenomics reforms. This ties token issuance to verifiable player effort and ranking, rewarding active, skilled participation over passive holding.
• Uncapped Dynamic Supply: SLP has no fixed maximum supply; new tokens are minted as players earn rewards and destroyed through breeding. This elastic supply model is designed to respond to in-game demand, though it requires careful balance parameters to avoid inflationary spirals.
• Cross-Exchange Liquidity: SLP is listed on tier-one exchanges including Binance, Coinbase, OKX, and KuCoin, providing deep liquidity for players cashing out earnings. This broad accessibility has helped SLP become one of the most widely traded gaming tokens globally.

Smooth Love Potion Use Cases

• Axie Breeding: SLP's core utility is fueling the creation of new Axie NFTs, with breeding costs scaling based on how many times an Axie has previously bred (up to a maximum of seven). Breeders consume SLP alongside AXS governance tokens to mint new creatures for battle, marketplace sale, or collection.
• Play-to-Earn Income: Skilled Axie Infinity players earn SLP through competitive Arena rankings and can convert those earnings into stablecoins or fiat via exchanges. This use case notably provided supplemental income for players in emerging economies during the 2021 play-to-earn boom.
• Scholarship Programs: Guilds and managers lend Axie teams to players called 'scholars,' who earn SLP in exchange for splitting rewards with the asset owner. This model has created a micro-economy of NFT rentals built around SLP yield.
• Speculative Trading: Traders use SLP's price volatility—driven by game updates, breeding demand shifts, and tokenomics changes—as a trading instrument on spot and derivatives markets. Its tight correlation with Axie Infinity player activity makes it a proxy for tracking blockchain gaming sentiment.
• Gaming Ecosystem Indicator: Analysts and investors monitor SLP burn and issuance rates to gauge the health of the Axie Infinity economy. Rising burns relative to issuance signal growing breeding demand, providing an on-chain barometer for Web3 gaming adoption.

Smooth Love Potion Tokenomics

Total Supply

SLP has no hard-capped maximum supply; it is minted dynamically through player rewards and burned through breeding. Circulating supply is constantly shifting based on gameplay emissions versus breeding consumption.

Circulating

Dynamic — see CoinGecko for live figures. Circulating supply fluctuates daily as new SLP is minted through Arena rewards and burned through Axie breeding, with Sky Mavis periodically adjusting parameters to manage inflation.

Utility

SLP functions primarily as a breeding resource within Axie Infinity, required alongside AXS tokens to produce new Axie NFTs. Secondary utility includes trading on centralized and decentralized exchanges and serving as an earned reward for competitive gameplay.

Emission

SLP emissions occur through in-game rewards, primarily from Arena PvP battles where payouts scale with player MMR (matchmaking rating). Sky Mavis has progressively tightened emissions—removing SLP from Adventure and daily quest rewards in 2022—to counter inflation and stabilize long-term token value.

How to Buy Smooth Love Potion

1. 1

   1. Create a Binance account

   Visit binance.com or download the Binance mobile app and register using your email address or phone number. Set a strong password and enable two-factor authentication (2FA) via Google Authenticator from the Security settings menu to protect your account before depositing funds.

2. 2

   2. Complete identity verification

   Navigate to the 'Identification' section under your profile and complete Binance's KYC process by submitting a government-issued ID and a selfie for facial verification. Verification typically completes within minutes to a few hours and is required to unlock fiat deposit limits and spot trading.

3. 3

   3. Deposit funds

   From the 'Wallet' menu, select 'Deposit' and choose either fiat (via bank transfer, credit card, or SEPA) or crypto such as USDT or USDC from another wallet. The minimum order size for SLP on Binance is approximately $5 equivalent, so ensure your deposit covers trading fees as well.

4. 4

   4. Navigate to the SLP spot market

   Click 'Trade' in the top menu, select 'Spot,' and search for 'SLP' in the trading pair list. Choose the SLP/USDT or SLP/USDC pair—SLP/USDT typically has the deepest liquidity—to open the order book and price chart.

5. 5

   5. Place your order

   Select 'Market' for instant execution at the current price or 'Limit' to set a specific buy price, enter the amount of SLP or USDT you want to spend, and click 'Buy SLP.' Your tokens will appear in your Spot Wallet immediately, and you can withdraw them to a Ronin-compatible wallet for use in Axie Infinity.

Frequently Asked Questions