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Sky Mavis On Increasing SLP Demand Rather On AXS

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Avatar for Eybyoung
Written by ย ย 983
3 weeks ago
Topics: SLP, AXS, Axie Infinity

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.

Why did SLP dropped so much while AXS is exactly the opposite?

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.

Sky Mavis Plans to increase demand on SLP

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.

Image Source: playtoearn.online

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.

Image Source: playtoearn.online

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.

Source of information: playtoearn.online

Lead Image: from CoinGecko

Closing Thoughts

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 ร mount 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.

Thank you for reading!

Date Published: September 25, 2021

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Avatar for Eybyoung
Written by ย ย 983
3 weeks ago
Topics: SLP, AXS, Axie Infinity
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Comments

Utility

$ 0.00
3 weeks ago

Parang ganito din ang nangyari kahapon sa Splinterlands. Nung nagaanounce ng new packs at benefits sa SPS staking, tumaas pareho ung DEC at SPS ng halos 20%

$ 0.00
3 weeks ago

Oh meron din pala sila update, di ko na navisit Splinterlands ko ๐Ÿคฆ

$ 0.00
3 weeks ago

Sa 2nd week pa yata ng October yun, pero dahil sa balita ang daming nag buy ng SPS.

$ 0.00
3 weeks ago

Since bumaba ang SLP..mababa narn b yung entry fee?

$ 0.00
3 weeks ago

Yeah more or less you'll spend $600 on three Axie's unlike before it was over $1k+

$ 0.00
3 weeks ago

Grabe ang mahal parn

$ 0.00
3 weeks ago

Best of luck sis! Dami din kasi nag brebreeding sa Axie kaya siguro din bumababa ang SLP. Pero iba na rin pag may account na dun.

$ 0.00
3 weeks ago

Oo nga for experience lang nmn sakin habol.. thank you ๐Ÿ˜Š

$ 0.00
3 weeks ago

I should go find some more information on this game. I see that it is very popular with you. When I have time I will see a tutorial on youtube probably to start. Obviously, the more users the game has, the value of the SLP has to go down, it will not be able to pay each and every one of the users at the same price as before. The best of luck to you.

$ 0.00
3 weeks ago

You cleared some good points about it. Btw, should I make an entry now? Well! in my opinion, I think their price is also neglected by fuds that are roaming around.

$ 0.00
3 weeks ago

Yung mga frenny ko na gusto maging scholar tumigil na mag apply dahil di na umalis sa 4 pesos.

Same Ate Eyb gusto ko din yan for experience ineencourage nga ko ni @bmjc98 na wag mag alangan kaso naaalangan pa din ako hehe sobrang daming naging hype nung umabot bente palitan ng slp tiba tiba talaga nakaraan

$ 0.00
3 weeks ago

Kaya go ka na! Hehe. Habang me slots pa.

$ 0.00
3 weeks ago

Oo nga eh, sobrang hype nakaraan kaya ayon nag dump nung nagsibenta lahat nang SLP pero sana by this time mdjo ma balance na ang demand nang SLP at AXS.

Kung gusto mo lang pang experience why not, go na. Kami kasi di namin iniisip earnings yung experience na malaro ang pinakasikat na blockchain game habol namin who knows in the near future magagamit natin advantage ang experience na yan.

$ 0.00
3 weeks ago

Ipon pa ako madaming lakas ng loob tas research pa din para di nganga hehe nasave ko naman na yung discord group na pinost ni Ate kaya palakas pa ng loob haha tutal di naman gagastos kung sakali makapasa hehe

$ 0.00
3 weeks ago

Gusto korin subukan to laruin dati kaya lang di ako nag aapply mag scholar ahhaha.baka hanggamg token lang talaga ako ๐Ÿ˜‚

$ 0.00
3 weeks ago

Hahaha din kasi mag apply

$ 0.00
3 weeks ago

Puro axie na article mo recently ah hehe.

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User's avatar Yen
3 weeks ago

Haha yun kasi ganap sa buhay ko ๐Ÿ˜‚

$ 0.00
3 weeks ago

Oo nga e haha. Sene ell may ganap ๐Ÿคฃ

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User's avatar Yen
3 weeks ago

Share mo rin kasi yung PVU ganap mo haha

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3 weeks ago

Naku wag na. Pababa na wahahahaha. Buti naka roi jusko ๐Ÿ˜‚

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User's avatar Yen
3 weeks ago

Kahit na share mo din journey mo don haha

$ 0.00
3 weeks ago

One of the most successful game din talaga tong axie ano, kagaling naman. Pwd pa rin naman ako makisabay sa hype buy nalang ako ng token nila then hodl haha.

$ 0.00
3 weeks ago

Oo kaya grab ko yung opportunity na malaro kahit ang baba na nang SLP okay lang..

$ 0.00
3 weeks ago

Pag tumaas ulit yan naku, tiba tiba.

$ 0.00
3 weeks ago

Yay finally may axie ka na din, sis :D

$ 0.00
3 weeks ago

Oo sis nakiki Axie lang haha

$ 0.00
3 weeks ago

Thank you friend, all this information is very valuable and makes us understand many things about the game.

$ 0.00
3 weeks ago

Yeah, hope SLP will bounce back soon

$ 0.00
3 weeks ago

Nakatulong na din na scholar ka po, ano? Though medyo nakkasad pa din siguro na nagsibabaan ang value..

$ 0.00
3 weeks ago

Hmm di ko nmn kasi iniisip ang earnings lang, yung experience at saka maging part nang AxieBCH guild

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3 weeks ago

Agree !

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3 weeks ago