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Sky Mavis is the game developer of Axie Infinity, it is based on Vietnam. If you are following the hype of Axie Infinity, you have known by now that the price of SLP the token that a player earns in the game.
From the ATH of $.399 per SLP as per CoinGecko data, it drops down to it's current price $0.0689 per SLP (Smooth Love Potion). Some players lose interest in playing the game because the earnings is too low compared to the last month price of SLP.
Well it's obvious that the price of SLP will drop since more and more players are coming into the game, currently the number counts of players worldwide is already in millions.
Some said that Axie Infinity game economy was already destroyed that is why some players are shifting to other blockchain gaming that are popping out, more and more blockchain games are developing seeing the rise and demand of Axie Infinity, but some games are just rug pull after the game developers already earned huge sum of money then dump all their tokens , leaving their investors lose all their hard earned money.
Back to the topic SLP dropped so much since all the players and breeders are selling SLP to cash out their earnings, it's obvious that when there is massive selling and less demand the price will always drops.
While $AXS the governance token of the Axie Infinity game was still continue rising because of the demand of the game, more breeders are buying Axie's to breed and give it to their scholars.
Seeing the problem that the in game token SLP drops rapidly this cause a little bit lose interest in players, seems that playing it is not that worth anymore. Sky Mavis comes up with a plan to increase the demand in SLP and reduced a little bit on $AXS.
The old game economic inorder to have at least three Axie's breeders need to buy $AXS before they can buy Axie in Market place or before they can breed Axie's.
Sky Mavis made a changes to the game economics, with these changes players will need more SLP in breeding Axie and less in AXS. It started yesterday September 23, 2021 players will only need 1 $AXS token and 600 SLP instead. This was the second change after they halved AXS requirements last August.
With this changes will increase a little bit in SLP as it will also be the one to be used as the fees, and it will increases every time and Axie breed.
The chart above is the price of SLP cost per Breed count of Axie, if you are a breeder you must know this as this was new economic of the game.
With this changes both SLP and AXS withstand the sea of red market yesterday, SLP rises to 28%. The market was in red again after the news that China bans crypto again and this created FUD to all investors and traders causing massive selling pressure again.
As you all know I am now an Axie player, some of you must read my recent blogs and noises that I was accepted to be a scholar in AxieBCH guild.
If you plan to play and buy your own Axie, it will take time to recover your capital seeing the current price of SLP was too low. But since I didn't spend any before I played the game, the price doesn't concerned me much as I am more into collecting experience and that little àmount I'll earn from playing can add to my BCH stash as we will be paid with it instead of the SLP that we earned in the game.