These scholarships or sponsorships allow them to rent out Axie characters from more prominent players and share their rewards with them. With a floor price of about $130, this takes the minimum investment to upwards of $350.Ĭonsidering the starting investment, many players turn to so-called Axie Infinity scholarships. Keep in mind that a player needs a minimum of three Axies in their wallet to start playing. Many players have difficulties starting out in Axie Infinity because of the relatively high prices for Axie NFTs. Unfortunately, with the introduction of a level limit for SLP rewards, the game rapidly eliminates the main earning opportunity for lower-level players. Players fight to earn SLP, then use their SLP to breed Axies and make stronger teams. Consequently, the SLP token is what moves the whole Axie Infinity economy. What’s even more important, SLP is required for breeding new Axies.
In this sense, Smooth Love Potion is what players earn for being successful and winning battles. Completing daily missions can also earn you SLP tokens. Additionally, ranking up in the arena rewards players in SLP tokens. Completing adventure levels rewards players in SLP. SLP is what essentially facilitates the play-to-earn mechanics in the game. While at first sight, it might look like AXS is the most important token in the Axie Infinity virtual world, Smooth Love Potion, or SLP is just as fundamental. To some, reaching a higher level requires skill only, and is not directly tied to expensive Axies. According to some, floor price Axies too have the potential to boost a player above the 800 level mark. However, the discussion on Twitter also offered the opposite point of view. One of the main concerns with this updated SLP rewards mechanism is that players with lower-level Axies, which were purchased at high floor prices, don’t stand a chance to earn enough to break even. This is a serious blowback, considering the fact that Axie Infinity practically started out as an earning opportunity for disadvantaged players in Asia.
Slp price axie infinity update#
One of the most common comments is that this update will effectively prevent low-level players from participating in the earning mechanics of the game. In a Discord announcement released on October 15h, the Axie team explained that starting with the next update launching on the same day, players with a rank below 800 will not earn SLP tokens for adventures, arena battles, or daily quests.įollowing the announcement, a wave of discontent players turned to Twitter to voice their concerns with this update. Unfortunately, the community is not as happy with this latest update, as it was with the introduction of staking capabilities. Starting with AXS staking, the devs have now introduced changes to the in-game SLP rewards as well. Meanwhile, AXS continues to rally, increasing 5% in the same period, which may be indicative of an optimistic market.Players with a rank under 800 won’t receive SLPĪxie Infinity, the Ronin-based play-to-earn hit, has introduced a streak of updates on Friday. Since Sky Mavis’ announcement of Axie Infinity‘s new breeding costs, SLP prices have gone up by about 20%. The changes may have had the effect it desires. The last time Sky Mavis changed the costs for breeding was back in September where SLP costs were rebalanced and AXS cost was similarly halved. While SLP costs have tripled, its $ costs are mitigated by the halved AXS cost, which has caused the actual $ costs of breeding new axies to be considerably lower. This change can affect SLP value positively and AXS to drop in price, making breeding new Axies much more attainable. The new rates are meant to address inflation of either currency, as SLP has had its value dropping consistently, with AXS continuing to increase in value.
The rebalanced SLP and AXS costs come after the value for SLP plummeted, indicating inflation.
New Axie Infinity breeding costs as of December 9, 2021: Breed Count This can be summarized in the simple table below: In summary, all breeding costs will now cost triple the SLP and half of the AXS. Axie Infinity‘s new breeding costs will take effect within the next 24 hours. Read about the principles and factors we used and examined when making this important decision:Įarlier today, Sky Mavis announced that it will be adjusting the rates for breeding again. ⬇️ The AXS cost per breed will be halved to 0.5 AXS. In 24 hours we will update the breeding fee! Axie Infinity new breeding costs: Triple SLP, Halved AXS Within the next 24 hours, Axie Infinity‘s new breeding costs will take into effect. Sky Mavis’ popular NFT game Axie Infinity will be making a lot of changes for the benefit of its economy.
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