Topic: AXS and SLP. Why the price of SLP is falling but AXS is rising? - page 2. (Read 437 times)
December 08, 2021, 02:21:53 PM
I'm sure the SLP is just a coin earned through missions run in the infinity axie game. I guess why the slp goes down while the AXS goes up is because this coin keeps being sold because all players get slp every day. But I heard good news about the SLP about breen. I'm sure the SLP will go up soon.
December 08, 2021, 02:15:32 PM
the reason why SLP price is falling is that there are more slp minted than burned. More players are coming means more slp that has to be minted and the supply is unlimited. Regarding axs it is the governance token of AXIE Infinity and has a limited supply only
December 08, 2021, 01:34:54 PM
Thats right. But later today they announced something on their twitter:
https://twitter.com/AxieInfinity/status/1468412408918122499?t=UiOqFX6UgDLnEnZrIxBNjw&s=19
They planning to triple cost the breeding slp and reduce axs consumption. This is somehow a good deal on slp price action. Yes that could be somehow a boost but hopefully axie infinity dev should think a better way to burn slp like release the land game and the main usage of slp will be seen there. There are still a lot to wait for update sooner or later that would be a good way to see slp rise.
It will be by tomorrow, it's a good balance for their economy that they're trying to put up with a good burning mechanism for SLP. A triple of its cost could be a good start. I think they have other mechanisms on their mind which is a good put up for burning slp which has an unlimited supply. There's an up for its price and by tomorrow when the update takes effect, we'll see more of the price action and I'm hoping that the price would be that high again. https://twitter.com/AxieInfinity/status/1468412408918122499?t=UiOqFX6UgDLnEnZrIxBNjw&s=19
They planning to triple cost the breeding slp and reduce axs consumption. This is somehow a good deal on slp price action. Yes that could be somehow a boost but hopefully axie infinity dev should think a better way to burn slp like release the land game and the main usage of slp will be seen there. There are still a lot to wait for update sooner or later that would be a good way to see slp rise.
December 08, 2021, 05:56:02 AM
the first, in the world of cryptocurrencies, the price of a coin or token is very reasonable to go up or down.
the second, as far as I know, SLP can be obtained every day by playing adventure, or arena, while AXS is not like that, and has uses for breeding. So, the main transaction tool in this game is SLP. very reasonable if the price goes down. besides, AXS is used for breeding, so people who want to develop their Axie, need to buy some AXS. So, it's natural that AXS prices are expensive, and SLP is quite cheap and easy to drop.
the second, as far as I know, SLP can be obtained every day by playing adventure, or arena, while AXS is not like that, and has uses for breeding. So, the main transaction tool in this game is SLP. very reasonable if the price goes down. besides, AXS is used for breeding, so people who want to develop their Axie, need to buy some AXS. So, it's natural that AXS prices are expensive, and SLP is quite cheap and easy to drop.
This is true but right now has utility too. It is a requirements for breeding besides AXS. The emission rate of SLP is already decrease because the devs reduce the reward for PVE and focus on PVP battle. So Axie user needs a strong Axie right now to climb to the leader board to earn more SLP per day. This is a great initiative to solve the fast inflation rate of SLP due to over supply. I'm not update anymore on Axie after I sold my Axie and just stake my AXS on ronin farming.
SLP might suffer more in the future because of the increasing amount of Axie being breed everyday to distribute to scholar while only few new investors is entering on the game. If this scholarship continue and no one will spend to buy SLP or AXS, The game will probably weak since everyone is playing without spending because they have managers that actively breeding and just paying the breeding fee using the profit from SLP gained.
December 08, 2021, 05:48:21 AM
the second, as far as I know, SLP can be obtained every day by playing adventure, or arena, while AXS is not like that, and has uses for breeding. So, the main transaction tool in this game is SLP. very reasonable if the price goes down. besides, AXS is used for breeding, so people who want to develop their Axie, need to buy some AXS. So, it's natural that AXS prices are expensive, and SLP is quite cheap and easy to drop.
SLP is also for breeding though. AXS can also be gained every day also, just like SLP. But yeah, the main reason they're big is they're needed to keep creating new items (creatures). You need some to make more, so it's really like just staking to mine if you think about it.
Pretty dumb, and time consuming, and yes, it makes money now but this is no way ever going to be sustainable.
December 08, 2021, 01:30:47 AM
the first, in the world of cryptocurrencies, the price of a coin or token is very reasonable to go up or down.
the second, as far as I know, SLP can be obtained every day by playing adventure, or arena, while AXS is not like that, and has uses for breeding. So, the main transaction tool in this game is SLP. very reasonable if the price goes down. besides, AXS is used for breeding, so people who want to develop their Axie, need to buy some AXS. So, it's natural that AXS prices are expensive, and SLP is quite cheap and easy to drop.
the second, as far as I know, SLP can be obtained every day by playing adventure, or arena, while AXS is not like that, and has uses for breeding. So, the main transaction tool in this game is SLP. very reasonable if the price goes down. besides, AXS is used for breeding, so people who want to develop their Axie, need to buy some AXS. So, it's natural that AXS prices are expensive, and SLP is quite cheap and easy to drop.
December 08, 2021, 12:32:20 AM
The market is already overflowing with SLP. Imagine how many Axie Infinity players there are in the whole world and every day there is a discharge of a huge amount of SLP. There is no way the demand could meet the dumping of so many SLP tokens on a daily basis. AXS is a different story because it is the governance token of the ecosystem. Players are not paid with AXS. So with the popularity of Axie Infinity, AXS is rising but SLP is falling.
Thats right. But later today they announced something on their twitter: https://twitter.com/AxieInfinity/status/1468412408918122499?t=UiOqFX6UgDLnEnZrIxBNjw&s=19
They planning to triple cost the breeding slp and reduce axs consumption. This is somehow a good deal on slp price action. Yes that could be somehow a boost but hopefully axie infinity dev should think a better way to burn slp like release the land game and the main usage of slp will be seen there. There are still a lot to wait for update sooner or later that would be a good way to see slp rise.
December 07, 2021, 10:00:32 PM
The market is already overflowing with SLP. Imagine how many Axie Infinity players there are in the whole world and every day there is a discharge of a huge amount of SLP. There is no way the demand could meet the dumping of so many SLP tokens on a daily basis. AXS is a different story because it is the governance token of the ecosystem. Players are not paid with AXS. So with the popularity of Axie Infinity, AXS is rising but SLP is falling.
December 07, 2021, 08:12:47 PM
After the discussion on this thread, SLP was able to pump back to 0,11$ once more at the beginning of November, what was really impressive for a token with unlimited supply, but since then we are slowly going down again, already back to the 0,03$ for first time since April.
that might become the last pump for SLP. The price is plunged so hart. I didn't even think the whales are wanna buying this token anymore. Too much supply that already in curcilation. It has limited usability. The game looks like a boring game right now. Why do people need to buy SLP if it will always be generated in daily basis? The price for axies are also very cheap right now. Why do they need to buy SLP while they can buy axie directly from the market? It doesn't look great for players and investors, although I still believe it can bounce up sooner or later because the news are very optimistic regards AXS, what also means they are optimistic regards Axie Infinity game as a whole. Consequently part of this success will impact SLP price positively again. Furthermore, speculation might also play a role in order to pump SLP. That is possible considering how cheap it is.
It can bounce anytime but people are also feeling fear after see how much slp generated compared with how much already burned. look at this https://www.axieworld.com/en/economics/charts?chart=slpIssuanceIt tells you how shitty this token is.
December 07, 2021, 03:49:31 PM
After the discussion on this thread, SLP was able to pump back to 0,11$ once more at the beginning of November, what was really impressive for a token with unlimited supply, but since then we are slowly going down again, already back to the 0,03$ for first time since April.
It doesn't look great for players and investors, although I still believe it can bounce up sooner or later because the news are very optimistic regards AXS, what also means they are optimistic regards Axie Infinity game as a whole. Consequently part of this success will impact SLP price positively again. Furthermore, speculation might also play a role in order to pump SLP. That is possible considering how cheap it is.
It doesn't look great for players and investors, although I still believe it can bounce up sooner or later because the news are very optimistic regards AXS, what also means they are optimistic regards Axie Infinity game as a whole. Consequently part of this success will impact SLP price positively again. Furthermore, speculation might also play a role in order to pump SLP. That is possible considering how cheap it is.
October 28, 2021, 06:49:36 AM
It has to do with inflation, people in the game make money that they sell of course to make money. The token sale doesn't stop there in part due to the rather high reward of 200 SLP profits per day per player and the lack of a SLP burning plan to reduce inflation. This must be done quarterly so that the SLP price can rise again.
There's actually a continuous market for SLP but it's not just all about selling, there are also people that are buying it because they're breeders. And as you say that it looks like a standard of earning 200 SLP per day. Well, the reward has gone lower for the majority this time, especially those with weaker axies. Before it's like the 150 slp standard but this time it has been halved. I can't even reach 200 SLP per day because my team isn't that strong but it's possible for everybody.The market isn't doing so well because there are 2 million daily active users, all of whom are earning SLP, and while there are breeders, there are still a lot more people earning per day. As a result, they reduced SLP earnings in the game to balance things out, but the price remains extremely low. Developers are working on improvements to the game, and I believe Jihoz has a plan to how he can raise the price, but I don't believe it is the right time because they are focused on V2 and other things that will help stabilize the game.
As for the next season, I think that there will be a pump again for the AXS because many breeders will adapt the update once it's already official. As of now, there's still a maintenance that's happening and it will show the new updates and adjustments made by the team.
October 27, 2021, 10:37:52 PM
It has to do with inflation, people in the game make money that they sell of course to make money. The token sale doesn't stop there in part due to the rather high reward of 200 SLP profits per day per player and the lack of a SLP burning plan to reduce inflation. This must be done quarterly so that the SLP price can rise again.
There's actually a continuous market for SLP but it's not just all about selling, there are also people that are buying it because they're breeders. And as you say that it looks like a standard of earning 200 SLP per day. Well, the reward has gone lower for the majority this time, especially those with weaker axies. Before it's like the 150 slp standard but this time it has been halved. I can't even reach 200 SLP per day because my team isn't that strong but it's possible for everybody.The market isn't doing so well because there are 2 million daily active users, all of whom are earning SLP, and while there are breeders, there are still a lot more people earning per day. As a result, they reduced SLP earnings in the game to balance things out, but the price remains extremely low. Developers are working on improvements to the game, and I believe Jihoz has a plan to how he can raise the price, but I don't believe it is the right time because they are focused on V2 and other things that will help stabilize the game.
October 27, 2021, 10:22:37 PM
This must be done quarterly so that the SLP price can rise again.
The developers of axie was trying it so many times started from increasing the rate to breed axie, decreasing SLP that will be earned by players when it was doing advanture and many more. The problem is you can't control how many players that will be joining in the game. It got big players but remember that if this will not be so long. The price of SLP will be drained as soon as possible as people keep minting and dumping. There must be a strict rules to be implemented. A new account can be used to grind SLP easily. It didn't even need to achieved some levels to be able participate in arena mode.
This must be changed. An account must have surpassed level 20 in dungeon to be able to participate in the arena. This will be reducing the inflation a lot.
October 27, 2021, 05:56:47 PM
It has to do with inflation, people in the game make money that they sell of course to make money. The token sale doesn't stop there in part due to the rather high reward of 200 SLP profits per day per player and the lack of a SLP burning plan to reduce inflation. This must be done quarterly so that the SLP price can rise again.
There's actually a continuous market for SLP but it's not just all about selling, there are also people that are buying it because they're breeders. And as you say that it looks like a standard of earning 200 SLP per day. Well, the reward has gone lower for the majority this time, especially those with weaker axies. Before it's like the 150 slp standard but this time it has been halved. I can't even reach 200 SLP per day because my team isn't that strong but it's possible for everybody. 
October 27, 2021, 05:53:31 PM
In my opinion, user-generated platforms tend to drop in value, especially if the market as a whole goes down as well. It has to do with inflation, people in the game make money that they sell of course to make money. The token sale doesn't stop there in part due to the rather high reward of 200 SLP profits per day per player and the lack of a SLP burning plan to reduce inflation. This must be done quarterly so that the SLP price can rise again.
October 15, 2021, 04:33:07 PM
Simply because SLP is so fast to farm while AXS have no way to farm it before and the supply are quiet limited as far as I know. SLP produce millions of supply everyday considering the volume of players, so what we can expect if there’s too much supply and don’t have a faster way to burn it? Cheaper price. Hope that they can still address this problem before its too late, better to balanced the system.
October 15, 2021, 03:55:28 PM
Axie Infinity is a very hot coin in NFT game and it grows from less than $1 to $150. SLP is a part of Axie Infinity ecosystem but price of SLP is falling.
Explained: Axie Infinity SLP and AXS tokens.
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
https://coinmarketcap.com/currencies/axie-infinity/
https://coinmarketcap.com/currencies/smooth-love-potion/
They just made some adjustments tody. Players that are below 800 MMR won't be getting any SLP from all of the modes (PVE and PVP) as well as the daily quest. This is done so the game will become more competitive making the players to buy better team and compete with all they've got. Explained: Axie Infinity SLP and AXS tokens.
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
https://coinmarketcap.com/currencies/axie-infinity/
https://coinmarketcap.com/currencies/smooth-love-potion/
AXS has been rising since there is lower supply since lots of AXS token has been staked. In my opinion, expect slp to rise in the next coming days and weeks.
October 15, 2021, 03:42:11 PM
In my opinion, user-generated platforms tend to drop in value, especially if the market as a whole goes down as well. It has to do with inflation, people in the game make money that they sell of course to make money. The token sale doesn't stop there in part due to the rather high reward of 200 SLP profits per day per player and the lack of a SLP burning plan to reduce inflation. This must be done quarterly so that the SLP price can rise again.
Almost player can earn more than 200 SLP every day and I think bad side to make price dump, exactly on other side the supply of SLP added few months ago, I think is not worth if try investing with SLP coin and AXS still worth and keep profitable because have less supply than SLP. Now the AXIE game still running with new member added and I think get impact with many SLP sold on every day, maybe they can give some offer like less reward giving for SLP coin and keep make burning for SLP supply.You hit a very good point, I think that the moment people stop entering the game it will start to fall, but when we see the new updates they promise a lot, because not only will it have ARENA and Adventure, I also think that a new option like LAND Isla de Aventura, something like this will come out, and apparently this promises because that means that it will have more playing time for the players, if normally in sand they go 3 hours, in adventure half an hour or 1 hour, when they implement the new one it will be more hours, then it could be fulfilled that a player lasts 4 to 6 hours playing, which increases the fun more.
October 15, 2021, 12:36:04 PM
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
There is one way to reduce the inflation of SLP and that is to add more burning mechanisms.If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
Right now, its only breeding that is the way to burn SLP and the amount of minted SLP per day is very very high compare to the burned SLP. The normal ratio of Burned SLP to Minted SLP right now is at least 1:6 so for every 6M Minted SLP, 1M is burned and this isn't good for the economy because more supply, low demand prices will definitely go down.
Right now, many are waiting for the Ronin DEX which can be another way to burn SLP (at least that is what most is saying). I agree with you that the price of SLP will not rise if there are no changes on it like adding more burning mechanisms etc.
My thoughts about SLP? If you are an investor and not playing Axie then I suggest not to invest on SLP but to invest on AXS and stake it. Now if you are a axie player or breeder then just farm SLP and use it for breeding.
True, it's actually better to invest on AXS rather than on SLP, though I think that SLP will still recover soon, however, it seems like investing on AXS will give you a much better profit, but as an axie player, it's better to hodl for the mean time.
October 15, 2021, 11:56:36 AM
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
There is one way to reduce the inflation of SLP and that is to add more burning mechanisms.If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
Right now, its only breeding that is the way to burn SLP and the amount of minted SLP per day is very very high compare to the burned SLP. The normal ratio of Burned SLP to Minted SLP right now is at least 1:6 so for every 6M Minted SLP, 1M is burned and this isn't good for the economy because more supply, low demand prices will definitely go down.
Right now, many are waiting for the Ronin DEX which can be another way to burn SLP (at least that is what most is saying). I agree with you that the price of SLP will not rise if there are no changes on it like adding more burning mechanisms etc.
My thoughts about SLP? If you are an investor and not playing Axie then I suggest not to invest on SLP but to invest on AXS and stake it. Now if you are a axie player or breeder then just farm SLP and use it for breeding.
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