AXS and SLP. Why the price of SLP is falling but AXS is rising?

[pjwaffle]

In my opinion, user-generated platforms tend to drop in value, especially if the market as a whole goes down as well. It has to do with inflation, people in the game make money that they sell of course to make money. The token sale doesn't stop there in part due to the rather high reward of 200 SLP profits per day per player and the lack of a SLP burning plan to reduce inflation. This must be done quarterly so that the SLP price can rise again.

[blockman]

It has to do with inflation, people in the game make money that they sell of course to make money. The token sale doesn't stop there in part due to the rather high reward of 200 SLP profits per day per player and the lack of a SLP burning plan to reduce inflation. This must be done quarterly so that the SLP price can rise again.

There's actually a continuous market for SLP but it's not just all about selling, there are also people that are buying it because they're breeders. And as you say that it looks like a standard of earning 200 SLP per day. Well, the reward has gone lower for the majority this time, especially those with weaker axies. Before it's like the 150 slp standard but this time it has been halved. I can't even reach 200 SLP per day because my team isn't that strong but it's possible for everybody.

[bitkanu]

This must be done quarterly so that the SLP price can rise again.

The developers of axie was trying it so many times started from increasing the rate to breed axie, decreasing SLP that will be earned by players when it was doing advanture and many more. The problem is you can't control how many players that will be joining in the game. It got big players but remember that if this will not be so long. The price of SLP will be drained as soon as possible as people keep minting and dumping.
There must be a strict rules to be implemented. A new account can be used to grind SLP easily. It didn't even need to achieved some levels to be able participate in arena mode.
This must be changed. An account must have surpassed level 20 in dungeon to be able to participate in the arena. This will be reducing the inflation a lot.

[xSkylarx]

It has to do with inflation, people in the game make money that they sell of course to make money. The token sale doesn't stop there in part due to the rather high reward of 200 SLP profits per day per player and the lack of a SLP burning plan to reduce inflation. This must be done quarterly so that the SLP price can rise again.

There's actually a continuous market for SLP but it's not just all about selling, there are also people that are buying it because they're breeders. And as you say that it looks like a standard of earning 200 SLP per day. Well, the reward has gone lower for the majority this time, especially those with weaker axies. Before it's like the 150 slp standard but this time it has been halved. I can't even reach 200 SLP per day because my team isn't that strong but it's possible for everybody.

The market isn't doing so well because there are 2 million daily active users, all of whom are earning SLP, and while there are breeders, there are still a lot more people earning per day. As a result, they reduced SLP earnings in the game to balance things out, but the price remains extremely low. Developers are working on improvements to the game, and I believe Jihoz has a plan to how he can raise the price, but I don't believe it is the right time because they are focused on V2 and other things that will help stabilize the game.

[blockman]

It has to do with inflation, people in the game make money that they sell of course to make money. The token sale doesn't stop there in part due to the rather high reward of 200 SLP profits per day per player and the lack of a SLP burning plan to reduce inflation. This must be done quarterly so that the SLP price can rise again.

There's actually a continuous market for SLP but it's not just all about selling, there are also people that are buying it because they're breeders. And as you say that it looks like a standard of earning 200 SLP per day. Well, the reward has gone lower for the majority this time, especially those with weaker axies. Before it's like the 150 slp standard but this time it has been halved. I can't even reach 200 SLP per day because my team isn't that strong but it's possible for everybody.

The market isn't doing so well because there are 2 million daily active users, all of whom are earning SLP, and while there are breeders, there are still a lot more people earning per day. As a result, they reduced SLP earnings in the game to balance things out, but the price remains extremely low. Developers are working on improvements to the game, and I believe Jihoz has a plan to how he can raise the price, but I don't believe it is the right time because they are focused on V2 and other things that will help stabilize the game.

The unlimited supply of SLP will really make its price go down for some more. But with AXS, there's still a lot of chance for it because there's an upcoming update.
As for the next season, I think that there will be a pump again for the AXS because many breeders will adapt the update once it's already official. As of now, there's still a maintenance that's happening and it will show the new updates and adjustments made by the team.

[uneng]

After the discussion on this thread, SLP was able to pump back to 0,11$ once more at the beginning of November, what was really impressive for a token with unlimited supply, but since then we are slowly going down again, already back to the 0,03$ for first time since April.

It doesn't look great for players and investors, although I still believe it can bounce up sooner or later because the news are very optimistic regards AXS, what also means they are optimistic regards Axie Infinity game as a whole. Consequently part of this success will impact SLP price positively again. Furthermore, speculation might also play a role in order to pump SLP. That is possible considering how cheap it is.

[poodle63]

After the discussion on this thread, SLP was able to pump back to 0,11$ once more at the beginning of November, what was really impressive for a token with unlimited supply, but since then we are slowly going down again, already back to the 0,03$ for first time since April.

that might become the last pump for SLP. The price is plunged so hart. I didn't even think the whales are wanna buying this token anymore. Too much supply that already in curcilation. It has limited usability. The game looks like a boring game right now. Why do people need to buy SLP if it will always be generated in daily basis? The price for axies are also very cheap right now. Why do they need to buy SLP while they can buy axie directly from the market?

It doesn't look great for players and investors, although I still believe it can bounce up sooner or later because the news are very optimistic regards AXS, what also means they are optimistic regards Axie Infinity game as a whole. Consequently part of this success will impact SLP price positively again. Furthermore, speculation might also play a role in order to pump SLP. That is possible considering how cheap it is.

It can bounce anytime but people are also feeling fear after see how much slp generated compared with how much already burned. look at this https://www.axieworld.com/en/economics/charts?chart=slpIssuance
It tells you how shitty this token is.

[Fundamentals Of]

The market is already overflowing with SLP. Imagine how many Axie Infinity players there are in the whole world and every day there is a discharge of a huge amount of SLP. There is no way the demand could meet the dumping of so many SLP tokens on a daily basis. AXS is a different story because it is the governance token of the ecosystem. Players are not paid with AXS. So with the popularity of Axie Infinity, AXS is rising but SLP is falling.

[cryptoaddictchie]

The market is already overflowing with SLP. Imagine how many Axie Infinity players there are in the whole world and every day there is a discharge of a huge amount of SLP. There is no way the demand could meet the dumping of so many SLP tokens on a daily basis. AXS is a different story because it is the governance token of the ecosystem. Players are not paid with AXS. So with the popularity of Axie Infinity, AXS is rising but SLP is falling.

Thats right. But later today they announced something on their twitter:

https://twitter.com/AxieInfinity/status/1468412408918122499?t=UiOqFX6UgDLnEnZrIxBNjw&s=19

They planning to triple cost the breeding slp and reduce axs consumption. This is somehow a good deal on slp price action. Yes that could be somehow a boost but hopefully axie infinity dev should think a better way to burn slp like release the land game and the main usage of slp will be seen there. There are still a lot to wait for update sooner or later that would be a good way to see slp rise.

[Dr.Osh]

the first, in the world of cryptocurrencies, the price of a coin or token is very reasonable to go up or down.
the second, as far as I know, SLP can be obtained every day by playing adventure, or arena, while AXS is not like that, and has uses for breeding. So, the main transaction tool in this game is SLP. very reasonable if the price goes down. besides, AXS is used for breeding, so people who want to develop their Axie, need to buy some AXS. So, it's natural that AXS prices are expensive, and SLP is quite cheap and easy to drop.

[slaman29]

the second, as far as I know, SLP can be obtained every day by playing adventure, or arena, while AXS is not like that, and has uses for breeding. So, the main transaction tool in this game is SLP. very reasonable if the price goes down. besides, AXS is used for breeding, so people who want to develop their Axie, need to buy some AXS. So, it's natural that AXS prices are expensive, and SLP is quite cheap and easy to drop.

SLP is also for breeding though. AXS can also be gained every day also, just like SLP. But yeah, the main reason they're big is they're needed to keep creating new items (creatures). You need some to make more, so it's really like just staking to mine if you think about it.

Pretty dumb, and time consuming, and yes, it makes money now but this is no way ever going to be sustainable.

[dimonstration]

the first, in the world of cryptocurrencies, the price of a coin or token is very reasonable to go up or down.
the second, as far as I know, SLP can be obtained every day by playing adventure, or arena, while AXS is not like that, and has uses for breeding. So, the main transaction tool in this game is SLP. very reasonable if the price goes down. besides, AXS is used for breeding, so people who want to develop their Axie, need to buy some AXS. So, it's natural that AXS prices are expensive, and SLP is quite cheap and easy to drop.

This is true but right now has utility too. It is a requirements for breeding besides AXS. The emission rate of SLP is already decrease because the devs reduce the reward for PVE and focus on PVP battle. So Axie user needs a strong Axie right now to climb to the leader board to earn more SLP per day. This is a great initiative to solve the fast inflation rate of SLP due to over supply. I'm not update anymore on Axie after I sold my Axie and just stake my AXS on ronin farming.

SLP might suffer more in the future because of the increasing amount of Axie being breed everyday to distribute to scholar while only few new investors is entering on the game. If this scholarship continue and no one will spend to buy SLP or AXS, The game will probably weak since everyone is playing without spending because they have managers that actively breeding and just paying the breeding fee using the profit from SLP gained.

[passwordnow]

Thats right. But later today they announced something on their twitter:

https://twitter.com/AxieInfinity/status/1468412408918122499?t=UiOqFX6UgDLnEnZrIxBNjw&s=19

They planning to triple cost the breeding slp and reduce axs consumption. This is somehow a good deal on slp price action. Yes that could be somehow a boost but hopefully axie infinity dev should think a better way to burn slp like release the land game and the main usage of slp will be seen there. There are still a lot to wait for update sooner or later that would be a good way to see slp rise.

It will be by tomorrow, it's a good balance for their economy that they're trying to put up with a good burning mechanism for SLP. A triple of its cost could be a good start. I think they have other mechanisms on their mind which is a good put up for burning slp which has an unlimited supply. There's an up for its price and by tomorrow when the update takes effect, we'll see more of the price action and I'm hoping that the price would be that high again.

[WannaCry]

the reason why SLP price is falling is that there are more slp minted than burned. More players are coming means more slp that has to be minted and the supply is unlimited. Regarding axs it is the governance token of AXIE Infinity and has a limited supply only

[lvsca]

I'm sure the SLP is just a coin earned through missions run in the infinity axie game. I guess why the slp goes down while the AXS goes up is because this coin keeps being sold because all players get slp every day. But I heard good news about the SLP about breen. I'm sure the SLP will go up soon.

[Fundamentals Of]

The market is already overflowing with SLP. Imagine how many Axie Infinity players there are in the whole world and every day there is a discharge of a huge amount of SLP. There is no way the demand could meet the dumping of so many SLP tokens on a daily basis. AXS is a different story because it is the governance token of the ecosystem. Players are not paid with AXS. So with the popularity of Axie Infinity, AXS is rising but SLP is falling.

Thats right. But later today they announced something on their twitter:

https://twitter.com/AxieInfinity/status/1468412408918122499?t=UiOqFX6UgDLnEnZrIxBNjw&s=19

They planning to triple cost the breeding slp and reduce axs consumption. This is somehow a good deal on slp price action. Yes that could be somehow a boost but hopefully axie infinity dev should think a better way to burn slp like release the land game and the main usage of slp will be seen there. There are still a lot to wait for update sooner or later that would be a good way to see slp rise.

This is a lot better. I hope this tripling of the SLP cost per breeding will somehow put a check on the strong outflow of SLP. Hopefully this will also push the price of SLP up a little.

Credit should also be given to the devs of Axie Infinity. Their project is making huge waves across the world. There is no reason why they should lessen their focus and stop to create new innovations to the game.

The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.

[uneng]

The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.

That is totally right. Many people underestimate the importance of SLP in the game ecosystem, but the truth is that without SLP there isn't Axie Infinity. AXS is great for investors, but SLP is a must for players. It is more important than anything else, as it's the source of income from the game and also the only way to breed new axies. If people realize they aren't going to profit anymore with the game due to the low price of SLP, they will most likely leave and the purchases of new axies will drop considerably.

Besides increasing the costs per breeding, to make SLP more valuable they could also create new usages for the token inside the game environment.

[Fundamentals Of]

The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.

That is totally right. Many people underestimate the importance of SLP in the game ecosystem, but the truth is that without SLP there isn't Axie Infinity. AXS is great for investors, but SLP is a must for players. It is more important than anything else, as it's the source of income from the game and also the only way to breed new axies. If people realize they aren't going to profit anymore with the game due to the low price of SLP, they will most likely leave and the purchases of new axies will drop considerably.

Besides increasing the costs per breeding, to make SLP more valuable they could also create new usages for the token inside the game environment.

I couldn't agree more. The tokenomics of Axie Infinity should provide more usage to SLP. It should provide more reasons why people not just prefer to keep their SLP but buy even more. The demand of SLP should increase. The devs should give more answer to the question, why should the people own SLP?

This is a play to earn game. Therefore players are playing mainly to earn. Therefore if the earning grows too little in value and there is nor eason to keep it, they will not play anymore.

[cryptoaddictchie]

The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.

Players who aren't in ROI definitely will abandon it once the slp price tank more. However those who already got their funds on axie are here to stay what more to lose isn't it? Those people who got hype might dissapoint themselves if the price of slp worse in the future but those early adopter would always continue and some of those new players will definitely find it attractive to enter as price is too low hence for the axie price too.

[Fundamentals Of]

The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.

Players who aren't in ROI definitely will abandon it once the slp price tank more. However those who already got their funds on axie are here to stay what more to lose isn't it? Those people who got hype might dissapoint themselves if the price of slp worse in the future but those early adopter would always continue and some of those new players will definitely find it attractive to enter as price is too low hence for the axie price too.

I guess we are both playing Axie Infinity right now, but I am just a mere player. I do not breed nor do I hire scholars. I am only maintaining a single team of pets. Right now, I do not even find the SLP rewards worth it anymore. Each SLP is only worth $0.03. That's too low already to spend my time, focus, and energy to it. I do play but I don't play regularly. I mean, if there is something else to do, I'd rather prioritize it over the game. That's just about me. How about those other play-to-earn players who have other alternative games? Play to earn is rising fast these days and Axie has a lot of competitors in the market. I have a friend or two who had already abandoned Axie because of the low reward.