Axie Infinity developers will make changes to the reward system to restore balance to the project ecosystem. Specifically, they will reduce the supply of Smooth Love Potion (SLP) tokens by 56%, making them even rarer.
The play-for-income business model became fashionable at the end of 2021. Its concept consists of two things that have attracted the attention of society for centuries – entertainment and making money.
Axie Infinity is one of the leading play-to-earn games. Inspired by popular items from the past, including Pokémon and Tamagotchi. It allows players to collect, breed, fight and trade creatures called “axies”. Players earn Smooth Love Potion (SLP) tokens this way. They can then sell them on the market or use them to breed new monsters.
Now, the team behind the project has announced it will reduce Issuance of SLP:
The daily wish, in principle, was good to get people to play every day, but now it has become a large order of the SLP issue. By removing rewards from the daily struggle, we can reduce production by about 45 million SLP per day.
The developers described the update as “painful medicine”, which is also important for the future development of the game. With the upcoming changes, the supply of SLP tokens is expected to drop by 56 percent:
The Axie economy needs strong and decisive action now, or we are in danger of a complete and permanent collapse. It would have been more painful.
The team also vowed to create a $6 million prize fund and make changes to their structure. In Season 19, Axie Infinity was giving away 3,000 AXS Tokens to top players on the leaderboard. Now the prize has increased to 117,676 AXS and will be awarded to the top 300,000 players.
AXS and SLP very high
As with most cryptocurrencies, Axie Infinity’s original token – AXS – has increased significantly in value over the past few days. Currently, its price ($ 64) is 30% higher than at the end of January. However, it is still far from the ATH registered in November last year – $160
The increase in the price of SLP is more interesting. After the news was announced, the signal increased by 40%. However, he has recovered a bit since then.