Phemex to List Smooth Love Potion (SLP) As Their Latest Metaverse Endeavor
January 19 2022 - 5:23AM
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Crypto trading and investment platform Phemex is making strides to
deliver on its mission to build and support the metaverse. The
full-service crypto exchange was launched in 2019 and has already
built out a bevy of tools. In a short amount of time, Phemex is
already approaching 100 total spot and contract pair offerings.
Now, the platform continues to show its support of the metaverse by
listing the Axie Infinity-based token SLP. In addition, Phemex is
hosting a special Metaverse edition of their popular Grab a Coin
Campaign where users can join to win SLP. The platform’s latest
“Choose Your Reality” campaign kicked off its focus on
metaverse-related projects. Now Phemex expands upon that initiative
by listing the Axie Infinity-powered token, Smooth Love Potion
(SLP). The move comes after Phemex already introduced support for
two other metaverse-based tokens in recent months: native Axie
Infinity platform token AXS, and Decentraland’s MANA token. The
exchange has also introduced their own virtual reality GameFi
product and hosts a deep-dive brief on everything you need to know
about Axie Infinity on the Phemex Academy. The announcement to
support SLP shows Phemex’s prolonged interest in metaverse-based
products and platforms. SLP is an ERC-20 token that is earned by
playing Axie Infinity and winning battles against other players. It
can be used to breed new Axies. Additionally, SLP can act as
incentives for Axie Infinity players who reach certain levels, and
SLP can also be used to buy and sell items outside of Axie
Infinity. While SLP had to be previously earned through in-game
battles, increased accessibility of SLP courtesy of Phemex will
allow the Axie environment to grow and develop even further. Axie
Infinity has served as the ‘face’ of play-to-earn thus far, as the
landscape continues to grow and expand. 2021 proved to be a massive
growth year for Axie Infinity and many other play-to-earn and
metaverse products. This bodes well for the longevity and
innovation in our constantly-growing digital worlds. Through its
SLP listing, Phemex shows clear belief in the emergence of the
metaverse, as well as other relevant initiatives like GameFi,
play-to-earn, and NFTs.
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