Click on the link below for more...
https://www.trustthelink.com/what-is-the-difference-between-slp-and-axs/
Hey Wutzup, A very popular play-to-earn crypto game is called Axie Infinity. It's a game a little similar to Pokemon where you can go on quests, fight other players' creatures, and even breed them to create more Axies.
These Axies you can play with or even sell. In this game, there are actually 2 currencies that I want to talk about. Oh, there is actually a third one that not many people know about.
One of the currencies is called the smooth love potion or SLP. It used to be where you can go on quests and do daily challenges and earn this SLP. The problem is many people were farming this token then selling it to pay for their groceries or rent.
This drove the price down a lot. The developers have actually made it so someone can't earn SLP from quests or daily challenges. You can get it from PVP but it has been reduced a lot. The reason for this is to increase the price of it.
The good news is the game Axie Infinity is being upgraded and in the future, there will be MORE uses for this token. The team is hinting where Love Potions can be used to upgrade parts on your little fuzzy pets (I'm talking about Axies).
There might even be ways to use these love potions to rename your pets and give them new cosmetic stuff (like a pimp hat or cane).
Oh, and the developers are even in the works of creating a builders program. This program allows other developers and game designers to build stuff on the network to burn SLP.
The second token in the game is called AXS Infinity Shards. Its main purpose is a governance token and this means holders can vote on proposals and make them. That way they can influence the game.
These Infinity Shards are also used to breed Axies and users can also stake Shards to earn more rewards. Someone needs 0.5 of an Invinity Shard to create 1 baby. There is a total supply of 270 million Shards and around 60 million is already in circulation. The bad news is since staking was enabled the supply of these Shards has shot up and this reduced the price.
Oh, you can also get it in the game from leadership boards. This is an incentive to win battles. The third token is called Ron Token and owning the token is similar to investing in the Ronin network.
Axie Infinity uses Ronin for transactions to help with gas fees on the Ethereum network. In the future, all transactions will cost some Ron Token and by investing in the token you can earn some rewards with staking.
I hope this video or podcast was a little helpful. For more, you can click on the link in the description or go to trustthelink.com. I create a whole blog post about all these tokens as well as a lot more on where the prices might go. I share 3 ways to earn passive income with the game. Plus how to do staking with this game. and a cool story involving the police which I think is completely awesome.
How about you, what crypto project are u most interested in? Please share in the comments below. Have a great day, bye for now.
