SLP is also zeroed? Can Axie Infinity, the former king of blockchain games, survive?

This article comes fromkotaku, original author: Ethan Gach

Odaily Translator |

Odaily Translator |

From the series of industry problems caused by the recent LUNA crash, it is not difficult to see that the encryption market is bottoming out, and in this process, almost no asset can be spared. Infinity is also doomed.

The Token SLP in the game ecosystem of Axie Infinity, the former king of blockchain games, is now almost zero.

“The price of SLP tokens in the Axie Infinity game is close to zero! Yes, you read that right, SLP has dropped to $0.004, which rounds to $0.00!”

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Why is SLP on the brink of zero?

I believe that many people in the circle are very familiar with Axie Infinity, the king of blockchain games. This game can definitely be regarded as a typical representative of P2E encryption games. The role played by SLP is crucial to the reason why Axie Infinity has attracted huge attention on the GameFi track before.

SLP (Smooth Love Potion) is an ERC-20 token that can be used on the Ethereum blockchain. It has a nice name in the game called "Love Potion".

As a game running on the Ethereum blockchain, Axie Infinity players can collect, raise, breed and battle little fairies called "axies", which are very similar to real-life pets, each with With their own unique features and appearance, Axies can give birth up to 7 times, and each birth requires more SLP tokens.

SLP is pretty much the core of Axie Infinity's entire gameplay structure. Unlike the governance token AXS, SLP needs to be minted through gameplay as an incentive or reward for players through battle or adventure mode. The purpose of SLP is to use in the breeding between Axies, to breed Axies with favorable characteristics, so that they can win more battles with the team, and each subsequent breeding of Axies needs to consume SLP.

SLP is simply the gold coin in online games, which can be used to buy items, raise pets, fight, etc., but it is a real asset that can be realized in blockchain games. In Axie Infinity, every pet raised is SLP is required, and this is its consumption scenario.But the problem is that when more and more players are pouring into this game, the price of SLP has been falling.The main reason is that the player did not consume this token to achieve the effect of "destruction"

, but more and more savings, and the resulting problems also emerged, that is: the price of SLP reached a peak of 0.35 US dollars a year ago and then began to fall all the way until it is almost zero now, which also means that Axie pets have worthless.

In fact, it is not difficult to see from the long-term decline in the price of SLP tokens of Axie Infinity, the king of chain games, that the challenges faced by playing and earning games are extraordinary.

For this type of game, it is not only necessary for players to earn tokens by playing games, but more importantly, a mechanism to maintain the value of tokens in the long run.

Of course, in order to solve the problem of token value preservation, the developers of Axie Infinity also tried their best. They tried to remove the SLP mining function in the single-player adventure mode of the game, and allowed players to "burn" SLP to Get better rewards.

Sadly, none of these practices have been able to stop the downward trend of SLP tokens so far.

Since the attack, people have also lost faith in game tokens, and there has been fierce debate over whether to revive the pay-to-play (Play-to-Play) plan. Not only that, Axie Infinity Shards, another encrypted token related to this game, also continued to fall after reaching a peak of $150 last year, until now it has come below $20.

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What impact will the zeroing of SLP have on Axie Infinity and even the entire chain game market?

Today's encryption market environment is indeed worrying. Who would have thought that this LUNA, which was worth $80 at the beginning of the month, would be directly rubbed on the ground at a price of $0.01, although some people blamed the sudden and large-scale collapse of Luna Divestments, and some others say it's the inevitable outcome of a Ponzi scheme. Either way, for investors who bet their savings on the token, the results could be devastating.

Of course, in the current environment where other cryptocurrencies such as BTC, ETH, and Luna are also falling as a whole, SLP is certainly not immune to it. However, as a leading blockchain game, the fall of SLP is particularly noticeable.

So, can it be said that Axie Infinity is "dead" now? Regarding this issue, it seems too early to make an assertion. After all, this chain game with a transaction volume of more than 4 billion US dollars has attracted a large number of players, and many developers are also actively promoting its development.

In mid-April, Jeff Kam, a member of the Axie Infinity team, announced on social media that the Axie Infinity market will allow the use of any Token to purchase Axies and other assets. Axie Infinity will also allow users to list assets with any Token in the next few weeks. When users use When paying non-WETH, the Axie Infinity market will use Katana to help users exchange, which is likely to expand the liquidity of Axie Infinity.

At the end of April, Axie Infinity announced the Builders Program, which will help the community of developers build engaging and valuable Axie-based gaming experiences by providing resources, promotion, support, and tools. Then, just last week, Axie Infinity officially launched the Android version of Axie Infinity: Origin and made improvements and bug fixes to the game, including reducing the game startup volume, divination function cannot be canceled, etc., improving the playability of the game sex.