Once one user sends a cryptocurrency to another, cryptocurrency miners validate and then add the transaction to the blockchain. Each transaction is cryptographically encoded and validator nodes compete to solve this cryptographic puzzle. Once this happens, the receiver will see the funds in their wallet balance.
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. Cause I am also playing axie and I can monitor what happened to it eversince.
The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth, and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace. 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. Digitalcoinprice.com needs to review the security of your connection before proceeding.
Someone said this is a total scam, he has lost $10,500 trying to sell this coin. 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. The Price the year 2025 predicted by TechNewsLeader is $0.14 and if we calculate the average price from analytics then the Average Price Prediction for 2025 is $0.103. Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours.
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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. 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.
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. Cryptocandle.co Platform provides Best Crypto Educational Contents, Latest Cryptocurrency News, Crypto Price Prediction and Much More for Crypto Community.
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When the price hits the target price, an alert will be sent to you via browser notification. To receive alerts, please slp coin forum allow web browser notification permission. It’s that people who are calling it a scam when the price is too low.
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. Just look at how the team was releasing a new token called RON. The cryptocurrency is on the verge of a bear market and is inching closer to an all-time low. Its circulating supply of 5.10B SLP Coins is rapidly increasing.
- SLP are tokens that can be used to breed new digital pets, known as Axies.
- The contract has no limitation to generate more SLP.
- I think anyone know about this reason and that’s why jihoz was also thinking so hard about this as well.
- This is gonna be fun, what I don’t really like from “Developer/Team” itself.
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. If you look at a coin like SLP and consider to be scam, then what do you think is not a scam? The foundation was creating a good ecosystem but the price of SLP is so horrible to be seen.
What is the 24 hour trading volume of Smooth Love Potion?
Paying people with native coin was a good thing rather than use game token with infinite supply. This problem will remain forever until the team will be stopping people to mint unlimited amounts of SLP everyday. 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. If you look at the most recent article release, you’ll notice that they have a plethora of triggers at their disposal in the event that the entire ecosystem fails.
If the demand for a digital asset is high, then the value would rise. The more people who are willing to use a digital asset, the more likely it will increase in value and prominence. The most valuable cryptocurrencies are those with more adoption and high demand. These cryptocurrencies are digital assets for the long term.
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You will receive an email with instructions for how to confirm your email address in a few minutes. Tokenomics data for this coin is currently unavailable. 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. If Traders stop buying SLP, the price will continue to dump. 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.
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Before SLP Price Prediction, it is important to understand some fundamentals of Smooth Love Potion. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. They are digital assets created to be used to pay for goods and services. Cryptocurrencies can be used as a store of value, unit of account and medium of exchange. These digital assets are secured on a distributed ledger called the “blockchain.” The first cryptocurrency was Bitcoin which was introduced in a whitepaper by pseudonymous creator Satoshi Nakamoto.
The SLP token was bullish in 2021 and after 22-July-2021 the bearish trend of this coin starts from 0.33$ to the current price. It price is directly https://cryptolisting.org/ dependent on the Axie Infinity game growth. If the price of Axie Infinity crypto rise then consequently the price of SLP will rise..
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. You see SLP as a scam coin just because it went down really hard? What a nonsense argument coming from a newbie like you.