SLP PHP

What Is Smooth Love Potion (SLP)?

Smooth Love Potion (SLP) is a utility token used within the Axie Infinity game ecosystem, primarily serving as a means for breeding Axies and acting as an in-game economic instrument. SLP follows the ERC-20 standard on Ethereum, allowing it to be stored and transferred using any Ethereum-compatible wallet. Players earn SLP by completing battles and quests, and a portion of SLP is consumed and burned during the breeding process, directly impacting its circulating supply and market availability.

Current Price, Market Cap, and Circulating Supply of Smooth Love Potion (SLP)

As of January 22, 2026, key metrics for SLP are as follows: the latest price is approximately $0.001112; circulating supply is 36,445,398,323 tokens, representing the amount available for trading; both total and maximum supply are 41,361,680,703 tokens; market capitalization is around $45,998,325, calculated as price times circulating supply; fully diluted market cap is also $45,998,325, based on the maximum supply; 24-hour trading volume is about $270,899; price change over 1 hour is -1.38%, over 24 hours +22.28%, over 7 days +28.48%, and over 30 days +47.21%; market dominance is approximately 0.0014%.

Click to view SLP Latest Price Data

These indicators help users assess SLP's scale and activity within the market.

Glossary:

• Circulating Supply: The quantity of tokens currently available for trading.
• Market Cap: Price multiplied by circulating supply; measures relative size.
• Fully Diluted Market Cap: Theoretical value based on maximum supply.
• Trading Volume: Amount traded within a given time frame; reflects liquidity and activity.

Who Created Smooth Love Potion (SLP) and When?

SLP was launched by the Axie Infinity team within the Ethereum ecosystem to power its play-to-earn game economy. According to available information, SLP went live on March 18, 2021. Axie Infinity was developed by a dedicated gaming team aiming to combine breeding, battling, and collecting mechanics with blockchain asset ownership, enabling players to earn tradable tokens and NFTs through in-game activities.

How Does Smooth Love Potion (SLP) Work?

SLP operates under the ERC-20 token standard, a widely adopted set of rules for Ethereum tokens ensuring interoperability across wallets and applications. Its core mechanism revolves around "minting and burning": players generate SLP through battles and quests, while breeding Axies consumes and permanently destroys SLP from the total supply. Supply is influenced by game design and activity rates; demand is tied to breeding costs, player base size, and engagement levels.

Transfers on-chain require payment of gas fees, which are transaction costs on the Ethereum network that fluctuate based on congestion. The Axie ecosystem often leverages sidechains or bridging solutions to enhance user experience. Bridging refers to moving assets between different blockchains using cross-chain smart contracts or services—users should always verify bridge contract security.

What Can You Do With Smooth Love Potion (SLP)?

The primary use case for SLP is breeding Axies, which consumes a set amount of SLP and maintains economic balance within the game. Beyond breeding, SLP can be traded on exchanges for investment or to acquire tokens needed for gameplay. In some communities, SLP is converted into local currencies for budgeting purposes—for example, users frequently search "SLP to Philippine Peso" to estimate local costs or earnings. Actual conversion depends on prevailing exchange rates and slippage at the time of transaction.

Supported Wallets and Expansion Options in the SLP Ecosystem

As an ERC-20 token, SLP can be managed using any Ethereum-compatible wallet. Common wallet types include browser extension wallets and mobile wallets that support local storage of mnemonic phrases and private keys. The Axie ecosystem also employs dedicated wallets and bridging tools for asset transfers between mainnet and sidechains—always verify official links and contract addresses to avoid phishing scams. Blockchain explorers enable users to check transaction hashes and balances for confirmation.

Glossary:

• Private Key: The core secret for asset control.
• Mnemonic Phrase: A sequence of words used to recover a private key; should be stored securely offline.
• Hot Wallet: Connected to the internet for convenience but requires heightened security awareness.
• Cold Wallet: Offline storage solution offering higher security but more complex operation.

Major Risks and Regulatory Considerations for SLP

Supply-Demand Volatility: SLP output depends on gameplay and events—excessive minting without sufficient burning can suppress price; increased breeding demand and burning may support price.

Click to view SLP USDT Price

Policy & Parameter Adjustment Risk: Changes in breeding costs or event rewards by the game team directly affect supply-demand dynamics.

Technical & Contract Risk: Smart contracts may have vulnerabilities; cross-chain bridges can be attack targets. Users should verify contract addresses via official channels.

Trading & Custody Risk: Choosing between exchange trading and self-custody involves trade-offs—platform risk relates to account security and regulatory compliance; self-custody requires careful mnemonic and private key management to prevent phishing or malware attacks.

Regulatory & Taxation: Crypto asset regulation and tax treatment vary by jurisdiction; users should understand local compliance requirements and keep records for reporting when necessary.

How to Buy and Safely Store Smooth Love Potion (SLP) on Gate

Step 1: Register an account on gate.com and complete identity verification (KYC). KYC ("Know Your Customer") satisfies regulatory compliance and enhances account security.

Step 2: Deposit funds. You may buy USDT via fiat channels or transfer crypto assets from other wallets. Confirm deposit in your account dashboard.

Step 3: Search for SLP trading pairs in the spot market—such as SLP/USDT—and review order book data. Select limit or market orders according to your risk tolerance.

Step 4: After your trade executes, verify holdings in your asset dashboard. If intending to use for gameplay or long-term storage, withdraw SLP to your personal wallet. When withdrawing, double-check the network and recipient address, considering gas fees and minimum withdrawal requirements.

Step 5: Secure storage. Enable two-factor authentication (such as SMS or authenticator app), back up mnemonic phrases and private keys offline—never photograph or upload them to the cloud. For significant amounts or long-term holding, consider using a cold wallet with distributed storage.

Step 6: Ongoing risk management. Regularly verify official contract addresses; beware of similar token names and phishing links; keep transaction records for tax or audit purposes.

Comparison: Smooth Love Potion (SLP) vs. Axie Infinity Shards (AXS)

Purpose: SLP is a utility token focused on breeding and in-game expenditures; AXS serves as a governance/value-capture token used for voting, ecosystem incentives, and staking.

Supply & Drivers: SLP supply fluctuates based on game activity and burning mechanics—its price is sensitive to gameplay trends and breeding demand; AXS has a fixed issuance schedule with governance expectations, making its value more responsive to ecosystem growth and governance decisions.

Use Cases: Players need SLP for breeding and certain game processes; AXS grants governance rights and long-term incentives, with some use cases in fees or rewards.

Risk Profiles: SLP reacts strongly to short-term activities and parameter changes; AXS is more affected by long-term ecosystem health and governance performance. While complementary, their attributes and volatility differ.

Summary of Smooth Love Potion (SLP)

SLP is an ERC-20 token within the Axie Infinity ecosystem designed for breeding mechanics and in-game consumption while supporting blockchain-based transferability. As of January 22, 2026, SLP remains relatively small in market capitalization and trading volume; its price fluctuates with gameplay production/burning cycles, breeding demand, and parameter adjustments. For players, SLP is essential for participating in breeding and economic loops; for crypto users, it offers a tradable game token option. When buying on Gate, complete KYC, trade carefully, manage withdrawals securely, and safeguard custody details. Looking ahead, SLP’s performance will depend on Axie Infinity’s ecosystem activity and rule changes—keep monitoring official announcements, supply/burn data, and user growth trends.

FAQ

Are SLP Philippine Peso (SLP PHP) and Smooth Love Potion (SLP) the Same Thing?

No. Smooth Love Potion (SLP) is a governance token in Axie Infinity’s game economy, whereas SLP Philippine Peso refers to the official fiat currency of the Philippines. Although they share the same abbreviation (SLP), they are entirely different assets—one is a crypto token; the other is national currency. Always distinguish between them in crypto discussions to avoid confusion.

What Should I Consider When Buying SLP Tokens with Pesos in the Philippines?

Philippine users can purchase SLP tokens using pesos on exchanges like Gate. It’s recommended to complete identity verification first to unlock higher transaction limits, choose secure payment methods (such as bank transfer or local payment channels), and monitor exchange rate fluctuations during trading. After purchase, promptly transfer your tokens into a self-custody wallet for optimal security.

Why Does SLP’s Price Fluctuate Frequently?

SLP’s price is influenced by various factors: changes in game popularity directly affect token demand; market sentiment can lead to high volatility; large holder movements or overall crypto market trends may trigger cascading effects. Always assess risks before trading—avoid chasing highs or buying dips impulsively.

How Do I Evaluate Whether SLP Is Worth Investing In?

Consider several aspects when assessing SLP: development roadmap from project team, user engagement on Axie Infinity, sustainability of its tokenomics model, and overall market liquidity. Review official updates and community feedback—but all investment decisions should be based on your personal risk tolerance rather than following market hype blindly.

Can I Convert SLP Tokens Directly to Pesos in the Philippines?

Yes. Philippine users can sell SLP tokens on Gate or other exchanges supporting peso withdrawals—after conversion to PHP you can transfer funds to your local bank account. Be mindful of withdrawal fees, processing times, and current market exchange rates; familiarize yourself with each platform’s process to ensure smooth cash-out.

Glossary Table for SLP Philippine Peso (SLP PHP)

• Stablecoin: Cryptocurrency pegged to fiat currency for stable value—used for trading or storing value.
• Fiat Currency Peg: Linking a crypto asset’s value directly (e.g., 1:1) with a national currency such as PHP.
• Reserves: Assets held by issuers to back stablecoin value and redemption capability.
• Cross-Border Payments: Using blockchain/stablecoins for fast, low-cost international fund transfers.
• Smart Contract: Self-executing code on blockchain managing minting/burning/trading rules for stablecoins.
• Liquidity: Ease of exchanging assets into other assets or fiat money—reflects active market trading.

Further Reading & References for SLP Philippine Peso (SLP PHP)

• Official Website / Whitepaper:

• Developer Documentation:

• Authoritative Media / Research: