{"id":143785,"date":"2021-11-04T22:07:45","date_gmt":"2021-11-04T22:07:45","guid":{"rendered":"https:\/\/precoinnews.com\/?p=143785"},"modified":"2021-11-04T22:07:45","modified_gmt":"2021-11-04T22:07:45","slug":"smooth-love-potion-slp-rises-over-50-amid-nft-nyc-presentation","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/smooth-love-potion-slp-rises-over-50-amid-nft-nyc-presentation\/","title":{"rendered":"Smooth Love Potion ($SLP) Rises Over 50% Amid NFT.NYC Presentation"},"content":{"rendered":"

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.<\/strong><\/p>\n

What Is Smooth Love Potion ($SLP)?<\/strong><\/h4>\n

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.<\/p>\n

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.<\/p>\n

<\/p>\n

<\/p>\n

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.<\/p>\n

According to their whitepaper:<\/p>\n

\n

“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.”<\/span><\/p>\n<\/blockquote>\n

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:<\/p>\n