• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Axie Infinty SLP Token Price Quadruples in One Week After Changes to Fight “Hyperinflation”

February 11, 2022
in Crypto News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Axie Infinity modifications have surely had a good impact on the value of the Smooth Love Potion (SLP) bonus token.

Axie Infinty SLP Token Price Quadruples in One Week After
Axie Infinty SLP Token Price Quadruples in One Week After Changes to Fight “Hyperinflation”

As reported by Coinlive on February four, the Axie Infinty advancement crew announced significant modifications to the in-game reward mechanism to support restrict SLP token inflation.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

As a outcome, from the 20th season of the game, commencing February 9 to March 22, Axie Infinity will have the following significant modifications:

  • Removed the SLP bonus for Adventure Mode (PVE)
  • Removed the Daily Quest mode
  • Increases the AXS bonus worth for PVP mode to 117,676 AXS ($ seven million) for the highest rated 300,000 gamers
  • SLP bonus for PVP matches based mostly on player rating.

Full short articlehttps://t.co/3jXRDUlWW8

– Axie Infinity🦇🔊 (@AxieInfinity) February 9, 2022

Axie’s crew estimates that getting rid of the SLP bonus from PVE and Daily Quest modes will cut down the each day provide of SLP created by almost 60%, the bring about of Smooth Love’s latest “hyperinflation”. Potion when a massive variety of latest Axie gamers primarily also “plow” the game modes with the machine to get SLP.

Furthermore, the move to maximize the reward for PVP mode also displays that Axie Infinty is on the lookout to maximize competitors and interaction concerning gamers in the game, steadily orienting Axie to turn out to be a game that can transform into an esports game. . .

Thanks to these drastic moves, the SLP value has risen appreciably in excess of the previous week, quadrupling its worth from $ .01 on February four to $ .04 on February ten, the highest degree because September 9, 2021.

Axie Infinty SLP Token Price Quadruples in One Week After
four-hour chart of the SLP / USDT pair on Binance Exchange at ten:forty am on eleven/02/2022

However, SLP is nonetheless dividing far more than 10x from the $ .42 ATH attained in May 2021.

Yet, Axie is also creating new options to maximize the use of SLP, this kind of as utilizing tokens to improve animals, skins, emojis, breeding, and so forth. Promising to maximize the variety of PFLs burned and build deflationary stress.

Meanwhile, the value of Axie’s key token, AXS, has only risen somewhat following the upturn in the cryptocurrency marketplace. This is also not surprising for the reason that, as Coinlive pointed out, the new Axie modifications are fundamentally just “sacrificing” AXS inflation in exchange for SLP inflation.

1644551205 404 Axie Infinty SLP Token Price Quadruples in One Week After
four-hour chart of AXS / USDT pair on Binance at ten:forty am on eleven/02/2022

However, there is a good deal of speculation that because Axie season twenty only lasted a month and a half rather of the typical three months, this will be the final season prior to updating the game to the most recent model (referred to as Origin), introduces new game modes and a “ground” perform to make the metaverse of the open planet.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: AxiefighthyperinflationInfintyPriceQuadruplesSLPTokenweek
Share76Tweet47

Related Posts

ethereum foundation co executive director hsiao wei wang steps down thumbnail

Ethereum Foundation Co-Executive Director Hsiao-Wei Wang Steps Down

by Akita Inu
June 20, 2026
0

A focused look at Hsiao-Wei Wang stepping down as Ethereum Foundation co-executive director, what the leadership change means, and why...

strc plunge saylor bitcoin dividend strategy thumbnail

STRC Plunge Puts Pressure on Saylor’s Bitcoin Dividend Strategy

by Akita Inu
June 19, 2026
0

Analyze how the STRC sell-off raises fresh questions about Michael Saylor's Bitcoin dividend strategy, investor confidence, and the risks tied...

morgan stanley files amended s1 ether solana etfs thumbnail

Morgan Stanley Files Amended S-1 for Ether and Solana ETFs

by Akita Inu
June 19, 2026
0

Morgan Stanley has filed amended S-1 registrations tied to Ether and Solana ETFs. Here is what the update signals and...

cme lawsuit challenges kalshi bitcoin leverage push thumbnail

CME lawsuit challenges Kalshi’s Bitcoin leverage push

by Akita Inu
June 19, 2026
0

CME's lawsuit against Kalshi puts Bitcoin-linked leverage, derivatives oversight, and crypto market structure under fresh scrutiny.

pi network introduces staking update for pioneers thumbnail

Pi Network Staking Update for Pioneers: What Changed

by Akita Inu
June 19, 2026
0

Pi Network has introduced a staking update for Pioneers. Here is what the announcement signals, what users should watch, and...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Ethereum Foundation Co-Executive Director Hsiao-Wei Wang Steps Down
  • STRC Plunge Puts Pressure on Saylor’s Bitcoin Dividend Strategy
  • Morgan Stanley Files Amended S-1 for Ether and Solana ETFs
  • CME lawsuit challenges Kalshi’s Bitcoin leverage push
  • Pi Network Staking Update for Pioneers: What Changed
  • Forget Meme Coins: Tokenized Stocks and RWAs Lead Crypto Growth
  • Illinois Crypto Transfer Tax Law Starts in 2027: What Changed
  • World Datacentre Summit Philippines 2026 Opens Sponsorship, Speaking, and Exhibition Opportunities
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7