Topic: AXS and SLP. Why the price of SLP is falling but AXS is rising? (Read 464 times)
The simple reason is that SLP has more sellers than buyers. The demand and supply should be balanced out and its up for the team of Axie to have ways to turn the tables up. I think with the current developments, I can see a very bright future with SLP as Axies currency. I expect an upward turn to 0.1$ next year if team executes their plan well.
December 18, 2021, 06:17:22 AM
however, this will continue to happen, and push the price of SLP down if the team doesn't make the latest developments.
The recent update of additional breeding costs doesn't impact the price of SLP. Maybe those breeders think that it will be a long ROI than before when they first breed and spend money for it. But on the positive side, those who are already in ROI will just keep on profiting.
Since SLP is playing at the price of $0.02-$0.03, scholars think that the price might go down more if they will just hold. In return, the moment they received their payout, they are converting right their SLPs to cash.
December 18, 2021, 05:49:58 AM
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
It's not only that. There are some reasons and I would try to mention all of these reasons and you can see below1. The team keeps minting new token instead make the old token has more utility
2. SLP has hyper inflation
3. Too much axies in the market but the demand was decreasing a lot
4. SLP has no more utility other than used to breed axie. That's a garbage token that will always be earned and then dumped for fresh money.
Currently, there are already a lot of Axies, even when they go on an adventure, they already get 50 SLP per day (not including the arena). There are a lot of teams out there, and they will sell SLP all the time. it will continue to push the price of SLP down. unlimited supply, and produced very much every day. In fact, not everyone will do breeding when the time to claim has arrived. however, this will continue to happen, and push the price of SLP down if the team doesn't make the latest developments.
December 17, 2021, 10:22:19 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/
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/
Maybe the simplest explanation to your question is that in AXS increased its value because there is burning happening with it while in the SLP is not. So, if they maintain no burning in the supply of the Slp right now this might continue to go down little by little it may go up but only few for sure, so if they want to increase its value burning is the best options for this matter.
December 17, 2021, 05:52:17 PM
I think so, coins that don't have a clear purpose will certainly not make investors buy and hold, if the coin works for NFT it certainly makes people speculate to buy because the chances of skyrocketing are very high and that's common in cryptocurrencies.
It's different with the NFT token called SLP. This token didn't have good fundamental, lack of usefulness, too much inflation. Im actively playing lava and the price was so crazy right now. This token will never increase again. So many people are thinking the whales will be buying this token but the fact that they are very wrong by pumping this garbage tokens. A token with hyper inflation was not a common thing in the crypto. AXS regaining its price caused by it has not become hyper inflation token while SLP did this.
This token didn't even suitable to be used for the speculation purpose because it will be always going down.
December 17, 2021, 04:03:30 PM
I think that the Axies in the game are having a series of changes that sometimes are not very pleasant for the players, since it has been seen that many who bought Axies months ago for 900USD have had to sell them for 150USD because the demands are now higher. , then in this sense it has had a certain depreciation, and if we count that there are many people who have their schools with many Axies because the sales are massive and those who are in the Axie business, to continue making good money, which They have to do is invest in Axies with better qualities, while SLP becomes the reward, it is very difficult for the currency to grow while many play and change.
There's the hype and there's the slow progress.The hype is done and now we're on the slow growth. That's also part of crypto that there's the certain high that people have bought and if they want to get rid of their asset, they have to sell with what's the market.
I've seen those folks that have bought at the top and had to sell at their loss because they want to build up a new team. But if there's no need to sell, it's better to keep it.
I have been seeing that the BTC is in a slight uncertainty, something very normal in the market, but when observing the behavior of the SLP it has had ups and downs, and despite the fact that the market was low at one point, the SLP rose in price, and This has made many have generated more confidence and put more love to the game, there is also a bigger market for Axies, because people are looking for more opportunity with this game, however the best moment for Axie was when the SLP was around the 0.14USD, my question is, is Axie still profitable? I was one of the people who was very supportive of this game because I saw a fairly stable structure, but I have seen that the demand has dropped and therefore everything has dropped.
December 12, 2021, 03:53:27 PM
I think that the Axies in the game are having a series of changes that sometimes are not very pleasant for the players, since it has been seen that many who bought Axies months ago for 900USD have had to sell them for 150USD because the demands are now higher. , then in this sense it has had a certain depreciation, and if we count that there are many people who have their schools with many Axies because the sales are massive and those who are in the Axie business, to continue making good money, which They have to do is invest in Axies with better qualities, while SLP becomes the reward, it is very difficult for the currency to grow while many play and change.
There's the hype and there's the slow progress.The hype is done and now we're on the slow growth. That's also part of crypto that there's the certain high that people have bought and if they want to get rid of their asset, they have to sell with what's the market.
I've seen those folks that have bought at the top and had to sell at their loss because they want to build up a new team. But if there's no need to sell, it's better to keep it.
December 12, 2021, 03:07:31 PM
I think that the Axies in the game are having a series of changes that sometimes are not very pleasant for the players, since it has been seen that many who bought Axies months ago for 900USD have had to sell them for 150USD because the demands are now higher. , then in this sense it has had a certain depreciation, and if we count that there are many people who have their schools with many Axies because the sales are massive and those who are in the Axie business, to continue making good money, which They have to do is invest in Axies with better qualities, while SLP becomes the reward, it is very difficult for the currency to grow while many play and change.
December 11, 2021, 04:28:49 AM
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/
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/
Ждy pocтa Slp yжe c лeтa и вce никaк.
December 11, 2021, 03:23:38 AM
Most scholars don't hold. Not necessary to do it as in the first place, the reason they apply for being a scholar is to have a fixed income. And the fact that SLP has no other burning mechanism rather than the breeding in-game, there are more minted tokens in the process adding to an already vast supply of SLPs. Traders are not even primarily trading SLPs as no technical analysis can be referred to regarding the movement of the token.
But of developments are in line. Let's see if those at least can balance the SLP supply.
But of developments are in line. Let's see if those at least can balance the SLP supply.
December 11, 2021, 03:21:33 AM
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
It's not only that. There are some reasons and I would try to mention all of these reasons and you can see below1. The team keeps minting new token instead make the old token has more utility
2. SLP has hyper inflation
3. Too much axies in the market but the demand was decreasing a lot
4. SLP has no more utility other than used to breed axie. That's a garbage token that will always be earned and then dumped for fresh money.
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.
The logic is when people can earn it for free without limitation everyday and why do they need to keep it on their wallet?It would better for them just dumped their SLP and then used the funds from SLP to invest in another legit project. People didn't care anymore about SLP. They care only to earn and sell
I agree with this one. Unless they add more burning mechanism or update to v2, then there's no hope for slp to go up again. Even though the burned SLP has increase per day because of the breeding fee adjustment, the amount of SLP being minted is still significantly higher then burned SLP.
December 11, 2021, 02:55:20 AM
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
It's not only that. There are some reasons and I would try to mention all of these reasons and you can see below1. The team keeps minting new token instead make the old token has more utility
2. SLP has hyper inflation
3. Too much axies in the market but the demand was decreasing a lot
4. SLP has no more utility other than used to breed axie. That's a garbage token that will always be earned and then dumped for fresh money.
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.
The logic is when people can earn it for free without limitation everyday and why do they need to keep it on their wallet?It would better for them just dumped their SLP and then used the funds from SLP to invest in another legit project. People didn't care anymore about SLP. They care only to earn and sell
December 10, 2021, 09:29:02 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/
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/
Based in my own observation regarding about this axie infinity, among all the NFT games here in crypto space, this game of Axie is the remained top among all of them even the price of SLP is down now in the market. Maybe because some of its holders are hoarding it and they're waiting for the right time to sell it, just a thoughts only.
December 10, 2021, 08:57:18 PM
Simple, because SLP is useless. It doesn't have any utility, and is only there as an incentive. People don't hold useless coins unless they are memes just like doge and shib. AXS on the other hand will continue to grow as Axie will lead the NFT game industry to a trillion-dollar industry. Really a good time to re-invest in smaller caps NFT games like AnRKey X.
Not entirely useless and without utility. SLP is used for breeding new axies. But outside of this, I also cannot see any utility. This is something the developers of Axie Infinity should look at.
But please do not compare SLP tokens with the likes of Doge and Shib as if these two coins themselves are not useless. These two meme coins are also useless in the same way that SLP is useless. They have uses but if they are to be assessed on what they could really offer, they are all nothing but shitcoins.
December 09, 2021, 08:10:38 PM
Simple, because SLP is useless. It doesn't have any utility, and is only there as an incentive. People don't hold useless coins unless they are memes just like doge and shib. AXS on the other hand will continue to grow as Axie will lead the NFT game industry to a trillion-dollar industry. Really a good time to re-invest in smaller caps NFT games like AnRKey X.
December 09, 2021, 07:50:05 PM
The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.
Players who aren't in ROI definitely will abandon it once the slp price tank more. However those who already got their funds on axie are here to stay what more to lose isn't it? Those people who got hype might dissapoint themselves if the price of slp worse in the future but those early adopter would always continue and some of those new players will definitely find it attractive to enter as price is too low hence for the axie price too.I guess we are both playing Axie Infinity right now, but I am just a mere player. I do not breed nor do I hire scholars. I am only maintaining a single team of pets. Right now, I do not even find the SLP rewards worth it anymore. Each SLP is only worth $0.03. That's too low already to spend my time, focus, and energy to it. I do play but I don't play regularly. I mean, if there is something else to do, I'd rather prioritize it over the game. That's just about me. How about those other play-to-earn players who have other alternative games? Play to earn is rising fast these days and Axie has a lot of competitors in the market. I have a friend or two who had already abandoned Axie because of the low reward.
December 08, 2021, 09:21:42 PM
The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.
Players who aren't in ROI definitely will abandon it once the slp price tank more. However those who already got their funds on axie are here to stay what more to lose isn't it? Those people who got hype might dissapoint themselves if the price of slp worse in the future but those early adopter would always continue and some of those new players will definitely find it attractive to enter as price is too low hence for the axie price too. December 08, 2021, 09:10:46 PM
The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.
That is totally right. Many people underestimate the importance of SLP in the game ecosystem, but the truth is that without SLP there isn't Axie Infinity. AXS is great for investors, but SLP is a must for players. It is more important than anything else, as it's the source of income from the game and also the only way to breed new axies. If people realize they aren't going to profit anymore with the game due to the low price of SLP, they will most likely leave and the purchases of new axies will drop considerably.Besides increasing the costs per breeding, to make SLP more valuable they could also create new usages for the token inside the game environment.
I couldn't agree more. The tokenomics of Axie Infinity should provide more usage to SLP. It should provide more reasons why people not just prefer to keep their SLP but buy even more. The demand of SLP should increase. The devs should give more answer to the question, why should the people own SLP?
This is a play to earn game. Therefore players are playing mainly to earn. Therefore if the earning grows too little in value and there is nor eason to keep it, they will not play anymore.
December 08, 2021, 08:20:04 PM
The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.
That is totally right. Many people underestimate the importance of SLP in the game ecosystem, but the truth is that without SLP there isn't Axie Infinity. AXS is great for investors, but SLP is a must for players. It is more important than anything else, as it's the source of income from the game and also the only way to breed new axies. If people realize they aren't going to profit anymore with the game due to the low price of SLP, they will most likely leave and the purchases of new axies will drop considerably.Besides increasing the costs per breeding, to make SLP more valuable they could also create new usages for the token inside the game environment.
December 08, 2021, 08:06:49 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.
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.
This is a lot better. I hope this tripling of the SLP cost per breeding will somehow put a check on the strong outflow of SLP. Hopefully this will also push the price of SLP up a little.
Credit should also be given to the devs of Axie Infinity. Their project is making huge waves across the world. There is no reason why they should lessen their focus and stop to create new innovations to the game.
The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.
December 08, 2021, 01:21:53 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, 01:15:32 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, 12:34:54 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, 04:56:02 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, 04:48:21 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, 12:30:47 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 07, 2021, 11:32:20 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.
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, 09:00:32 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, 07:12:47 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, 02:49:31 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, 05:49:36 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, 09:37:52 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, 09:22:37 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, 04:56:47 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, 04:53:31 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, 03:33:07 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, 02:55:28 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, 02:42:11 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, 11:36:04 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.
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, 10:56:36 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.
October 15, 2021, 02:22:44 AM
With such taxes it only worths to cashout SLPs few times a year. It's terrible, because these costs totally freeze trading opportunities. There might be a crash or a sudden rise in price and you can't sell, because it's necessary to pay 85$-90$ in fees just to send the potions to Metamask, what will fully compromises the profit to be made.
Didn't you keep update with the latest news? Majority of people are withdrawing their SLP, AXS and WETH through ronin dex instead of converting it to be ERC20 asset. I rarely seen people were using ERC20 asset anymore. When you're withdrawing through ronin and it consumes 0 fees. Im always withdrawing my SLP through ronin to the binance. The fees was not relevant anymore to prevent the price of SLP to rise but inflation does it. Well, since there aren't any fees I'm going to check my Binance account to generate a SLP address and test this another method. Thanks for sharing.
The problem is inflation can be even higher than this time when more players coming only for grinding. There must be a very restriction to make people will be earning SLP when it reaches high level of AXIES.
It's hard to keep inflation under control. It seems the best they can do is to burn many SLPs as possible using different monetization sources to do so. Axie's developers could sell cosmetic items, physical products, create revenue from gambling tournaments and so on... This way part of the total profit would be used to control inflation.But like in any other online multiplayer game there must be always something new (updates, items, scenarios, features), so people will never stop spending on it and there will be always a flux of money going in.
October 15, 2021, 01:47:56 AM
Axie Infinity is a very hot coin in NFT game and it grows from less than $1 to $150. SLP is a part of Axie Infinity ecosystem but price of SLP is falling.
Explained: Axie Infinity SLP and AXS tokens.
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
https://coinmarketcap.com/currencies/axie-infinity/
https://coinmarketcap.com/currencies/smooth-love-potion/
Explained: Axie Infinity SLP and AXS tokens.
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
https://coinmarketcap.com/currencies/axie-infinity/
https://coinmarketcap.com/currencies/smooth-love-potion/
Probably, the main reason why SLP is getting down its price in the market is that there is no burning happen to this coins. Where if the whale of SLP continue to sell their holdings surely the price value will definitely dump in the market. While AXS continue to increase its value maybe due to there is already burning happened to this coin, in which is the reason the price value of AXS got increased as well too in the market.
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October 14, 2021, 08:09:15 PM
With such taxes it only worths to cashout SLPs few times a year. It's terrible, because these costs totally freeze trading opportunities. There might be a crash or a sudden rise in price and you can't sell, because it's necessary to pay 85$-90$ in fees just to send the potions to Metamask, what will fully compromises the profit to be made.
Didn't you keep update with the latest news? Majority of people are withdrawing their SLP, AXS and WETH through ronin dex instead of converting it to be ERC20 asset. I rarely seen people were using ERC20 asset anymore. When you're withdrawing through ronin and it consumes 0 fees. Im always withdrawing my SLP through ronin to the binance. The fees was not relevant anymore to prevent the price of SLP to rise but inflation does it. At same time I think it's on purpose, so the game controls the supply disponible in the market, keeping the prices more valuable and stable for a longer time.
The problem is inflation can be even higher than this time when more players coming only for grinding. There must be a very restriction to make people will be earning SLP when it reaches high level of AXIES. October 14, 2021, 01:44:14 PM
Today SLP is rising again hiting a maximum of 0,085$ and now dropping to 0,082$. Still a good price range for SLP considering how abundant it is the supply. But for me what kills SLP trading is this:
With such taxes it only worths to cashout SLPs few times a year. It's terrible, because these costs totally freeze trading opportunities. There might be a crash or a sudden rise in price and you can't sell, because it's necessary to pay 85$-90$ in fees just to send the potions to Metamask, what will fully compromises the profit to be made.
At same time I think it's on purpose, so the game controls the supply disponible in the market, keeping the prices more valuable and stable for a longer time.
With such taxes it only worths to cashout SLPs few times a year. It's terrible, because these costs totally freeze trading opportunities. There might be a crash or a sudden rise in price and you can't sell, because it's necessary to pay 85$-90$ in fees just to send the potions to Metamask, what will fully compromises the profit to be made.
At same time I think it's on purpose, so the game controls the supply disponible in the market, keeping the prices more valuable and stable for a longer time.
October 14, 2021, 09:30:17 AM
SPL is easy to get and it keeps chunk out while AXS is hard to get hence the price is more rising.
There must be a big chance to decrease the inflation effectively. The problem was not about how difficult to get the token but limited supply was making AXS was more valuable rather than SLP. If SLP has limited supply and this will be making it to be another valuable token after AXS. The inflation rate was so high and it's 3x from the total burned SLP from breeding, and something else. People are also sending their SLP to the market directly as some exchange sites have been opening the gateway through ronin network and this was decreasing the transaction fees. A new mechanism for SLP must be introduced. This will be making SLP to be even better than this time. multi millions USD will mean nothing if the total supply of SLP is still going so crazy right now. I'm always watching the growth of circulating supply of SLP and it's even faster than another coin like doge coin.
October 11, 2021, 10:39:45 PM
I believe the supply of SLPs distributed to players in every game's modes should be controlled proportionally to the demand on the currently time.
They are actually controlling and that's why they've changed a lot with the distribution per quest, per adventure and per reward in the arena.They all have the control on it and what they're trying to do is balancing the whole ecosystem of it because there's an infinite supply for SLP.
October 11, 2021, 06:21:40 PM
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?
The team has been doing various ways to increase the burn rate rather than issuance but the problem is more and more people grinding SLP. You can see the complete chart here Any thoughts about SLP everybody?
https://www.axieworld.com/en/economics/charts?chart=slpIssuance
more than 110 millions SLP already minted. that was also going to the circulating supply instantly. This will become a long term problem that will never be solved. Increasing the breeding fees was not the solution. The breeding already increased three times and it gives no impact.
developers have to think of ways to prevent it and make it a better value in the market. although market control will not be fully implemented because adoption is also getting bigger.
but so far still safe with the trend following AXS. if left in the long run we will see something quite bad.
The developers have been trying various ways but again, more axies come to the market and more people are buying it everyday just for grinding SLP. AXS has limited supply while SLP didn't have it. both were not comparable as SLP was in game currency. SLP can't be considered as investment. but so far still safe with the trend following AXS. if left in the long run we will see something quite bad.
October 11, 2021, 10:46:30 AM
I think the problem it's from Axie Mechanism, People who joining Axie was keep decreasing everytime and it's will creating an inflation as you said
Did you imply increasing? Because the increasing of gamers will cause inflation. The decreasing of gamers will give less inflation, but not deflation. Deflation only appears if the Axie Infinity do something.Quote
so beside doing some burning scheme or increasing the breed the fee Axie team must also creating an new game mechanism that cost SLP same like breeding, It's normal though that on every game there will be point where their native currency will be oversupply so it will be needed some update or anything like that.
Creating new use cases for SLP and restrict the release rate of SLP in the future are good. It will be supported if the team do burn events for SLP.We see how price of BNB and ETH rose when those projects have burn events. Buy back and burn are good too. Axie Infinity already got a lot of money from this project. Is it time for them to think of community and investors of SLP?
October 11, 2021, 02:01:07 AM
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?
I think the problem it's from Axie Mechanism, People who joining Axie was keep decreasing everytime and it's will creating an inflation as you said so beside doing some burning scheme or increasing the breed the fee Axie team must also creating an new game mechanism that cost SLP same like breeding, It's normal though that on every game there will be point where their native currency will be oversupply so it will be needed some update or anything like that. Any thoughts about SLP everybody?
October 11, 2021, 01:17:27 AM
I believe the supply of SLPs distributed to players in every game's modes should be controlled proportionally to the demand on the currently time. So far we have adventure mode rewarding 50 SLPs daily, but in PVP mode the SLP rewards have no limits I think (with the exception of energies that are limited). If they limit rewards in PVP mode there will be less SLPs disponible in the market and then the price should rise.
Clearly the burning method and the exorbitant withdrawl fees aren't efficient enough to keep prices stable. SLP was pretty stable at 8 cents range, but now I see the price is crashing and I fear it's heading back to the old 2 or 3 cents range. Anyway it wouldn't be a problem at all if it wasn't for the absurd 45$-70$ fees to cashout money from Ronin to Metamask.
Clearly the burning method and the exorbitant withdrawl fees aren't efficient enough to keep prices stable. SLP was pretty stable at 8 cents range, but now I see the price is crashing and I fear it's heading back to the old 2 or 3 cents range. Anyway it wouldn't be a problem at all if it wasn't for the absurd 45$-70$ fees to cashout money from Ronin to Metamask.
October 11, 2021, 12:47:18 AM
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?
The team has been doing various ways to increase the burn rate rather than issuance but the problem is more and more people grinding SLP. You can see the complete chart here Any thoughts about SLP everybody?
https://www.axieworld.com/en/economics/charts?chart=slpIssuance
more than 110 millions SLP already minted. that was also going to the circulating supply instantly. This will become a long term problem that will never be solved. Increasing the breeding fees was not the solution. The breeding already increased three times and it gives no impact.
developers have to think of ways to prevent it and make it a better value in the market. although market control will not be fully implemented because adoption is also getting bigger.
but so far still safe with the trend following AXS. if left in the long run we will see something quite bad.
October 11, 2021, 12:19:50 AM
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?
The team has been doing various ways to increase the burn rate rather than issuance but the problem is more and more people grinding SLP. You can see the complete chart here Any thoughts about SLP everybody?
https://www.axieworld.com/en/economics/charts?chart=slpIssuance
more than 110 millions SLP already minted. that was also going to the circulating supply instantly. This will become a long term problem that will never be solved. Increasing the breeding fees was not the solution. The breeding already increased three times and it gives no impact.
October 10, 2021, 06:27:03 AM
They need a burning feature so that more SLPs will be used and burned because there's always more in the minting side that they do EVERYDAY. This isn't healthy. People are very optimistic on the game and I also think the game is good and very rewarding but they should act on it as soon as possible. I think the devs have already addressed this and their one solution to it is the Ronin DEX. But we'll still see how it's going to work because what everyone is speculating about once the ronin dex is out.
It's going to be this.
SLP > Ronin DEX > AXS > AXS stake.
It's going to be this.
SLP > Ronin DEX > AXS > AXS stake.
October 10, 2021, 06:12:46 AM
In my own myopic view as just an observer and not really a gamer of any P2E network, I would agree that the main factor why there is that tendency for a token generated by the people using the platform to go down in value especially if the general market is also down. And yes, it has something to do with inflation...the very people who first are buying the tokens to get in are producing the tokens which they are selling of course to make money. Now, there can be good strategies to combat this inflation so maybe burning can be done regularly so the circulating supply can be lessened. Inflation is the Achilles' heel of any play-to-earn network not unless there are many other use-cases for the token and not just for anyone to get in. I think we need a gaming platform that is integrated into other components of the same platform and all components are using the same token.
October 10, 2021, 05:54:39 AM
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/
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/
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