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What is SLP?

Smooth Love Potion is an ERC-20 in-game cryptocurrency from the Axie Infinity metaverse. Axie Infinity is a blockchain-based play-to-earn game where players can raise their pets, battle and build their land-based assets.

SLP is the name and ticker symbol of the protocol's native ERC-20 token. It is only one of the gaming tokens used in the Axie universe, and it facilitates the breeding of digital pets called Axies. Breeding in Axie Infinity can only be done a maximum of seven times.

The amount of SLP required increases each time an Axie is bred and is removed from the total supply, thus creating a demand for SLP. The first level requires 100 SLP, while the seventh breed needs 2,100 SLP.

These pets can be sold as NFTs to other players on NFT-trading marketplaces. While the game was originally created on the Ethereum blockchain, it migrated to Ronin, an Ethereum-linked sidechain created for Axie Infinity, in 2021.

While players can earn SLP inside Axie Infinity by winning games, they can progress more by purchasing SLP in large amounts on any exchange platform. It should be noted that SLP is not a governance token; that responsibility goes to the in-game token AXS.

Why buy SLP with OKX?

What can I do after I buy SLP?

Buy SLP on OKX using fiat and cryptocurrencies within minutes. The following are what you can do with your purchased SLP tokens.

Use SLP tokens to breed Axies

You can use your SLP tokens to breed Axies in Axie Infinity. The amount of SLP required increases each time an Axie is bred and is removed from the total supply, thus creating a demand for SLP. The first level requires 100 SLP, while the seventh breed needs 2,100 SLP. Breeding in Axie Infinity can only be done a maximum of seven times.

Trade SLP

Trade your SLP coins on OKX to try and profit from fluctuations in their price. With our highly liquid exchange and instant order fulfillment, OKX is one of the best platforms for trading SLP tokens.

Use SLP as collateral

You can pledge your SLP coins as collateral to secure low-interest and flexible crypto loans on OKX. Visit our " Loan" page, select from any available 30 cryptocurrencies, and input the appropriate amount.

Earn high APY on your SLP holdings

Put your idle SLP tokens to good use. You can stake your SLP tokens in our flexible and low-risk staking pools on OKX Earn to start earning interest on your SLP investment. You can also subscribe to our savings pool to grow your SLP balance.

How to buy Cryptocurrency and store it safely?

Guide on how to buy Smooth Love Potion (SLP)

Buy SLP with a credit/debit card

With OKX, you can seamlessly buy crypto directly with your MasterCard or VISA debit and credit cards. The simplest way to purchase SLP tokens with a credit or debit card is to buy USDT and then exchange it for SLP in the spot market.

Buy USDT from our peer-to-peer (P2P) Market

Navigate to our escrow-powered peer-to-peer trading window and purchase USDT tokens directly from trusted sellers using 40 payment methods. Then exchange your USDT tokens in the spot market for SLP.

Convert other crypto to SLP

If you hold BTC, SOL, OKB, MATIC, or any of the 100+ supported cryptocurrencies in an external wallet or on another exchange, you can send it to OKX and swap it for SLP at zero fees and no spreads. All you need to do is transfer crypto to your OKX account and visit our OKX Convert page to swap the deposited asset for SLP.

Buy SLP in our spot trading market

Easily buy SLP in our Spot Trading market. OKX has listed the SLP token against USDT and USDC. You can transfer those coins to your OKX account to buy SLP directly if you already own them.

FAQs

Can I withdraw my SLP tokens to a Ronin wallet after buying them on OKX?
Yes. Using the "Withdraw" function under "Assets," you can easily transfer your SLP coins to any compatible wallet. However, please note that you will be liable to pay any applicable network fees for the transfer.
Can I use SLP tokens bought on OKX to play Axie Infinity?
Yes. Transfer your pre-existing SLP tokens to your Ronin wallet to begin playing Axie Infinity and breeding your own Axies.
Is buying SLP a risky investment?
Like all cryptocurrencies, SLP is a risky asset. If you invest in SLP, ensure you fully comprehend the associated risks. Limiting your investment to what you can afford to lose is generally a good idea.
How can I profit from trading SLP on OKX?
OKX enables beginners to learn trading basics and strategies through a trove of information on the OKX Academy. If you’re still unsure about booking profits through manual trading, you can use the OKX trading bot, which allows you to set up rule-based trading.
Is it safe to store SLP on OKX?
OKX has implemented world-leading security measures that ensure the safety of your assets. In addition, we have developed our own unique cold wallet infrastructure where most user assets are stored. You can read more about how your assets are secured on OKX here.
What are the most popular cryptocurrencies to invest in today?
Top crypto, based on market capitalization or total circulation value, include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and XRP (XRP).
However, like all other crypto, the above are also featured with volatility and risks. You should do your own research (DYOR) and evaluate your risk appetite before investing in any crypto.
What are the top cryptocurrencies I can buy on OKX now?
OKX provides access to hundreds of crypto and trading pairings. Some of the most popular crypto on OKX include BTC, ETH, USDT, DOGE, SOL and OKB. You can visit our brand-new OKX Crypto Calculator. Select a crypto and a fiat currency to check the estimated real-time price.