Is SLP really a scam coin? | Bitcointalksearch.org

senyorito123

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Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

I don't think so, being scam for us literally don't give up profit at all but all I am seeing it was the declining value right now. Most probably it was affected with a lot of nft games competition, that's why it's really disappointing to see how the price went so down. Scam project has no definite purpose, unlike with axie game platform it continue to provide each and everyone of us an opportunity to earn while playing.

shinratensei_

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The price is always going down without any chance to go up, i would not be surprised that to see that they are calling it a scam coin. The dev itself was miscalculation about what happened once they have been releasing a token that can be minted anytime without any limitation. SLP was not the main token of platforms and this token acts as a in-game money to create more and more axies.
I don't know why people keep comparing this in-game money with the real coin that is used as the main coin for its platforms like ethereum and doge coin. You may see a bunch of people said that this will become a scam coin once the price goes to the zero and it has no value. The price of SLP is going down again. You should prepare for zero value.

Yogee

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Unlimited supply is their main argument but ETH and Doge have infinite supply as well.

This is probably an unpopular opinion but SLP should remain an in-game token that's not traded publicly. It boosted the game during its early launch but I believe devs had not thought it out properly.

Quote from: MCcryptonia on January 07, 2022, 02:33:37 AM

SLP is just like doge coin with no exact max supply, I'm certain that if SLP has a max supply the value won't be so worthless today,

There's a discussion about introducing a SLP burning mechanism. I think it's called "sink".

Quote

the fate of SLP sticks with whatever happens to Axie infinity in future I believe this SLP will be greatly affected if axie infinity goes down

It's the same scenario with AXS. Sucess or failure depends on the project that launched them.

el kaka22

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If you look at a coin like SLP and consider to be scam, then what do you think is not a scam? It is certainly a failing token right now, there is nothing wrong with saying "failing" because it could recover in the future, it has been failing for a while but that never means that there will never be something done about it by the team. At the end of the day, I would still not suggest investing into SLP right now, it is riskier and you would have to trust that with all the land and new 2.0 and all of that should be getting it better if you want to invest, if you do not believe in the team to fix it then you are not going to be happy about it neither.

However, it is certainly not a scam, scam is different, scam is something that teams use to steal money from you, they may not be great at what they are doing lately but they are certainly not stealing from you.

glendall

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Axie's heyday may have receded, and the number of SLPs that were created without a certain capacity, supported by more and more beginners in the game made the SLP value even worse.
but SLP is not a scam in quotes like people say now because the price of SLP is really bad, try the founders to be more sensitive to their lovers by burning coins gradually, the value of SLP will rise again if burning is a solution to increase the price

JeWay

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Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

Actually I don't think so so I also want to know why some people say the coin is a scam ? do they also have a concrete enough reason for this now ?

Quote from: Tumanggor on January 08, 2022, 08:45:25 AM

SLP tokens are not scam tokens, it's just that the price is currently falling due to uncertain market conditions

I still play Axie and regularly get SLP, it's just that I don't plan to sell immediately because the price is below the ATH

If so, it means that the SLP coin is not a scam because the benchmark of the Scam is not in the price when it is corrected, but how durable it is when the market is uncertain as it is now.

Tumanggor

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Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

SLP tokens are not scam tokens, it's just that the price is currently falling due to uncertain market conditions

I still play Axie and regularly get SLP, it's just that I don't plan to sell immediately because the price is below the ATH

poodle63

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I don't think so. I know some players may feel frustate to see the price of SLP is always growing down without even did a recovery. they may not yet meet their capital from buying axie and that's why they are didn't like with the price action of SLP these days. The shit shows of SLP is starting right now. Even the farm of ron didn't help a lot.
The foundation was creating a good ecosystem but the price of SLP is so horrible to be seen. i have predicted this will be happening. Paying people with native coin was a good thing rather than use game token with infinite supply. I know what people feel about this. This problem will remain forever until the team will be stopping people to mint unlimited amounts of SLP everyday.

StarKay

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SLP is not a scam and I don't expect anyone to think that SLP is a scam. There's no way it can ever be a scam because it has a team, a platform, huge user-base, and also listed on major exchanges.
The sad news is that SLP price can eventually go down to zero because of the uncontrollable supply of new tokens and obvious lack of price support from the team.
I have never played the game but I bought some SLP and I sold at a lose some weeks back, thank goodness I did and I am not planning to buy back because I have lost confidence in the ability of SLP to rise with present conditions. If Traders stop buying SLP, the price will continue to dump.

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Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

This is the kind of mindset an investor has when you are just into the crypto for a short amount of time or you just got involved into crypto because of Axie Infinity.
You see SLP as a scam coin just because it went down really hard? What a nonsense argument coming from a newbie like you.

SLP is just going down because of too much minting and very little low burning because of lack of burning mechanism but it doesn't mean that it is already a scam. The game itself isn't a scam (at least for now) and so does SLP. Maybe you're one of those investors who bought your team at its peak price don't you? Tongue

The only problem with SLP is its lack of burn mechanisms and I think that when Origins and Land will release, this will be a huge burning mechanism for SLP and it will make the price shoot. I'm not expecting for it to reach its previous ATH though because it is just driven by hype at that time.

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Quote from: asriloni on January 07, 2022, 01:52:09 AM

Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

SLP doesn't but yes for the team. The team was creating more and more token instead of making the token that already exist became useful. SLP being used only to breed axies and it has no other utility.
Just look at how the team was releasing a new token called RON. lol this team will be releasing bunch of tokens soon once his token gets failed like SLP. Rather than releasing the new token called ron and they are not thinking about how to make SLP become valuable. Bunch of grinders and dumpers combined with unlimited supply with hyper inflation.
The price of SLP will be going to the zero very soon.

What you are writing is theory for now, but unfortunately it looks to be very possible scenario. The team promises a solution to this problem, but so far I don't see anything actually being done to change this situation. Hopefully something will change, but if not, not only will the SLP price go towards zero as a consequence, but the Axie Infinity price may also suffer.

dothebeats

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SLP and the game itself isn't a scam. It's a great game with renewed mechanics on turn-based games but with poor tokenomics and obviously no burning mechanism to the token minted. It can very well be the hallmark of NFT gaming only if the devs figure out that what they need is an effective burning mechanism, and not some toxic positivity bullshit on Twitter and other social media channels. SLP may die sooner or later if they haven't figure out something, or if other features of the game isn't released as soon as possible.

UmerIdrees

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Quote from: asriloni on January 07, 2022, 01:52:09 AM

Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

SLP doesn't but yes for the team. The team was creating more and more token instead of making the token that already exist became useful. SLP being used only to breed axies and it has no other utility.
Just look at how the team was releasing a new token called RON. lol this team will be releasing bunch of tokens soon once his token gets failed like SLP. Rather than releasing the new token called ron and they are not thinking about how to make SLP become valuable. Bunch of grinders and dumpers combined with unlimited supply with hyper inflation.
The price of SLP will be going to the zero very soon.

I didn't knew about this RON token ? What is the purpose of the RON token in the AXIE game ?
You're right that SLP will soon be heading more towards zero value as there is no burning mechanism. So many coins are generated every day and are being sold on the exchanges. There is too much selling pressure on SLP at the moment.

JohnBitCo

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Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

smooth Love potion (SLP) is not a scam token however by looking at its price, you can say so, as its keep on dumping and never pumps. The reason for this its unlimited supply and new coins are being generated and awarded to people every day as a winning incentive.

Cling18

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As for me, no, it isn't a scam but just like other coins, it also facing its bearish situation. The main problem is the unlimited supply of a coin without the right burning mechanism. Developers are taking too long to release the new version of the game so there would be SLP burning. If there would be a continuous and unlimited supply, I'm sure that the coin would continuously drop its price.

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Quote from: asriloni on January 07, 2022, 01:52:09 AM

Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

SLP doesn't but yes for the team. The team was creating more and more token instead of making the token that already exist became useful. SLP being used only to breed axies and it has no other utility.
Just look at how the team was releasing a new token called RON. lol this team will be releasing bunch of tokens soon once his token gets failed like SLP. Rather than releasing the new token called ron and they are not thinking about how to make SLP become valuable. Bunch of grinders and dumpers combined with unlimited supply with hyper inflation.
The price of SLP will be going to the zero very soon.

Lots had become disappointed on what the team is doing in such manner that they are keeping on promising for some v2 upgrades which they do claim out which could boost out the price once again but until now

they didnt release it off plus having those motivational tweets that do really somehow deceive the community which do really sucks if you do ask me but in speaking about its relevance then i would say that

it isnt a scam coin it is just that people had already lost their interest + too much minting + correction time then expect for something like this.

ryzaadit

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Oh yes "SLP discussion"

This is gonna be fun, what I don't really like from "Developer/Team" itself. Because, with the development lack of transparency. What do you mean about that? they always told don't worry or something like that.

But really not giving so much sneak peak about the development product. They to relax, because developer team is holding "AXS" not 'SLP". Need more use-case and change:
- Breed systems need to be use "chance system success", so not to guarantee breed. If you failed breed, then next breed attempt will raise your chance success
- Skin change or custom, In this case not so much impact but at least some people will gonna to use it and burn SLP to make it their AXIE pretty.
- And other.

poodle63

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Quote from: LangePara on January 07, 2022, 08:21:13 AM

Axie is unique, but the devs just do not know how to keep the game alive. Reminds me of H1Z1

I remember that too. Axie is just a new game and it's still having a lot of things that needs to be fixed but itseems like SLP problem gonna be a long term problem as more people are producing SLP and that means if that will be difficult to burn it. Burned SLP didn't equal with minted coin. The developers can't fix this easily. Creating a game token with unlimited supply is a huge mistake. The game token like SLP can't sustain for long term. So many farmers in axie infinity. The devs are working on the various solutions but none of these solutions are affective to make the burn token to be equal with minted tokens.

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Quote from: Teknisi88 on January 07, 2022, 11:57:18 AM

Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

Someone said this is a total scam, he has lost $10,500 trying to sell this coin.
So be careful if you want to lose your money with those guys.
View transaction history https://etherscan.io/tx/0x716b5615195da6f36cbc44e80b8f336d28919f4af3c7013d909dd504cea9c549

How is smooth love portion a scam? I don't know how your friend lost 10,500$ trying to sell SLP maybe he bought the wrong SLP? This token is trading on binance exchange, a place where you can't get caught in a scam tokens I need more explanation on this

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Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

I don't think scam is the right term. People just lost their investment because the SLP price dumped. It's a problem with the the coin and with the game current structure.

Teknisi88

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Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

Someone said this is a total scam, he has lost $10,500 trying to sell this coin.
So be careful if you want to lose your money with those guys.
View transaction history https://etherscan.io/tx/0x716b5615195da6f36cbc44e80b8f336d28919f4af3c7013d909dd504cea9c549

MFahad

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Realy disappointed me. I have started axie game with the investment of 2500$+. In first 15 days itsbGive ma 150$ when price was 0.065.
Now i am receiving only 50$ in 15 days. If team not did something new Slp will go down badly

Teraboy

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Quote from: LittlePrinceCat on January 07, 2022, 06:37:34 AM

The main problem is that slp continues dropping and never pump up again. You can see the chart.

The main problem is this gaming token has no total supply. The contract has no limitation to generate more SLP. Players are only know to earn and then dump their reward to the market. Even the whales will not wanna waste their money to buy unlimited supply of token. I think anyone know about this reason and that's why jihoz was also thinking so hard about this as well. He was making a mistake by making SLP to be unlimited supply. Bunch of complaints about this appear in so many axies group if their income become even smaller.

passwordnow

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I don't think so. It's that people who are calling it a scam when the price is too low. This is happening and it's not limited to SLP.
When bitcoin was too low, they've also called bitcoin a scam and will eventually die. Whoever said that is disappointed with the low price of SLP. This is crypto and it's not always at the top, when SLP was at the top, they did care to think of it as a scam?

LangePara

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Axie is unique, but the devs just do not know how to keep the game alive. Reminds me of H1Z1

Lizzylove1

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SLP is never a scam coin, this is why it's important to invest what you are willing to lose. I actually bought some SLP after the move of AXS but my investment is currently in the mood but I honestly don't care because it's part of trading. If it profits profit in the future good, if it doesn't am okay.

Raflesia

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I personally for SLP are still pretty good in terms of projects but the team behind them is really bad and that's what makes them unable to survive.
on the other hand I feel they have to determine their supply because their current supply is still uncertain and when the brand determines the supply I think it will be very good, but the team also needs to be reformed I think because the team behind this coin is really bad

LittlePrinceCat

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Quote from: Ararbermas on January 07, 2022, 03:32:51 AM

Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

people always going crazy when some of the coin in the market suddenly fell and can't even recover in just short period of time. Even though the coin really made a good progress on their previous run and become popular they don't have hesitation and of course patience that's why they always claim a coin as a scam project when it goes at the very dip level especially if it stays for long time. Lol they're so excited they can't even wait.. Just imagine how slp become so popular and now they see it scam. Grin

The main problem is that slp continues dropping and never pump up again. You can see the chart.

crwth

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It's never and will never be because of the team behind it. What it lacks is the burning mechanic. With the current implementations and usage of SLP, many players now are farming SLP like crazy because they can play and earn at the same time. It's just that there is too much supply which causes the dump to happen, and I hope that they will find a way to make another way to earn from it that will make the future of SLP better for everyone.

I'm not sure why it's being called a scam just because of its price going down. It was like that before, and the idea itself is already excellent that you can play to earn. They are pioneers in that, and they are not being appreciated.

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Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

people always going crazy when some of the coin in the market suddenly fell and can't even recover in just short period of time. Even though the coin really made a good progress on their previous run and become popular they don't have hesitation and of course patience that's why they always claim a coin as a scam project when it goes at the very dip level especially if it stays for long time. Lol they're so excited they can't even wait.. Just imagine how slp become so popular and now they see it scam. Grin

JeffBrad12

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Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

People are seeing the down that happened with SLP was also a scam. I do believe if you are seeing newbies and then they are thinking the price was going down gradually and there was not even a single pump that happened with this token.
SLP is always getting minted so crazy every day and the percentage of SLP getting burned becomes less and less. https://www.axieworld.com/en/economics/charts?chart=slpIssuance
This token has no hope if there will be no good solution to stop the inflation. People can generate an unlimited amount of SLP and then they are sending it to the exchange site to exchange it with money. The tokenomic of this token is flawed. If the price goes down and that's a common thing to see people start to call it a scam. No reason why the whale must pump this token.

LittlePrinceCat

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Quote from: asriloni on January 07, 2022, 01:52:09 AM

Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

SLP doesn't but yes for the team. The team was creating more and more token instead of making the token that already exist became useful. SLP being used only to breed axies and it has no other utility.
Just look at how the team was releasing a new token called RON. lol this team will be releasing bunch of tokens soon once his token gets failed like SLP. Rather than releasing the new token called ron and they are not thinking about how to make SLP become valuable. Bunch of grinders and dumpers combined with unlimited supply with hyper inflation.
The price of SLP will be going to the zero very soon.

Yes, it seems to be zero very soon.

MCcryptonia

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SLP is just like doge coin with no exact max supply, I'm certain that if SLP has a max supply the value won't be so worthless today, the fate of SLP sticks with whatever happens to Axie infinity in future I believe this SLP will be greatly affected if axie infinity goes down

Maus0728

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Quote from: asriloni on January 07, 2022, 01:52:09 AM

SLP being used only to breed axies and it has no other utility.

Yes, for the time being, but the Sky Mavis team is already planning to launch another burning mechanism that includes changing or upgrading certain parts of your axies, as well as the release of Project K, which I believe has a lot of new features that will rebalance the entire economy. If you look at the most recent article^[1] release, you'll notice that they have a plethora of triggers at their disposal in the event that the entire ecosystem fails.

Also, even though some of their economic adjustments appear to be anti-poor and make no sense, I can't pinpoint or question their decisions because I can't see the big picture, and they have more data at their disposal to give them hints on which aspects of the game that needs improvement. At the end of the day, the only thing that the investors can do is wait and let the SM team handle their shits. Remember that the people playing the game can only do so much.

[1] https://axie.substack.com/p/dev-journal-economic-balancing

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Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

No not a bit. Scam coin are those shitty one you can see osn uniswap and pancakeswap that could rug anytime. This is part of the game now slp is going down, people are crying and shouting it's a scam now. Any token could go down for market movement right?

Quote from: asriloni on January 07, 2022, 01:52:09 AM

lol this team will be releasing bunch of tokens soon once his token gets failed like SLP. Rather than releasing the new token called ron and they are not thinking about how to make SLP become valuable. Bunch of grinders and dumpers combined with unlimited supply with hyper inflation.
The price of SLP will be going to the zero very soon.

Thats too much hate I think. Let me ask, are you a player or farmer of slp? Or a trader who losses due to slp slump? Cause I am also playing axie and I can monitor what happened to it eversince. There's no thing wrong on releasing their ron as it served as their chain network token. But I can't deny that the team haven't put such effort on putting much value on their some coins like slp. But it doesn't mean they are scammers.

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Quote from: LittlePrinceCat on January 07, 2022, 01:02:37 AM

Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

SLP doesn't but yes for the team. The team was creating more and more token instead of making the token that already exist became useful. SLP being used only to breed axies and it has no other utility.
Just look at how the team was releasing a new token called RON. lol this team will be releasing bunch of tokens soon once his token gets failed like SLP. Rather than releasing the new token called ron and they are not thinking about how to make SLP become valuable. Bunch of grinders and dumpers combined with unlimited supply with hyper inflation.
The price of SLP will be going to the zero very soon.

LittlePrinceCat

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Some people claim that SLP ( smooth Love potion) coin is a scam coin. Do you think so.

Topic: Is SLP really a scam coin? (Read 289 times)