What are the application scenarios of GameFI tokens SLP？

[venus1100]

SLP Tokens can be bought and sold on decentralized exchanges and used to buy items outside of the game. Let's look at some of the different applications of SLP.

The primary application of SLP is the purchase and sale of Axies, the adorable little creatures that can be collected and trained in Axie Infinity. Each Axie has distinct stats and abilities, making it valuable in both gameplay and collection. Axies can be purchased with either ETH or SLP, but the prices in SLP are frequently much higher.

 

Minting

SLP is used to create new Axie game items, such as the Mystic Axies. When a new item is released, a portion of the total supply of SLP is burned, reducing the supply and increasing the value of each remaining token.

Decentralized exchange trading
You can trade SLP on decentralized exchanges in addition to buying and selling Axies (DEX). This allows you to speculate on the token's price movements without going through a centralized exchange. As an ERC20 token, SLP is compatible with all major DEXs, including Uniswap, Kyber Network, and 0x Protocol.

 

Payments and gratuities
Payments and tips are another application for SLP. The token can be used to pay for goods and services, as well as to tip someone for their content or work. This is similar to using ETH or any other cryptocurrency. However, because SLP is limited in supply, it may become more valuable than other cryptocurrencies in the long run. This makes it an excellent choice for payments and tips if you want to keep your value.