Re: AXS and SLP. Why the price of SLP is falling but AXS is rising?
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
There is one way to reduce the inflation of SLP and that is to add more burning mechanisms.If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
Right now, its only breeding that is the way to burn SLP and the amount of minted SLP per day is very very high compare to the burned SLP. The normal ratio of Burned SLP to Minted SLP right now is at least 1:6 so for every 6M Minted SLP, 1M is burned and this isn't good for the economy because more supply, low demand prices will definitely go down.
Right now, many are waiting for the Ronin DEX which can be another way to burn SLP (at least that is what most is saying). I agree with you that the price of SLP will not rise if there are no changes on it like adding more burning mechanisms etc.
My thoughts about SLP? If you are an investor and not playing Axie then I suggest not to invest on SLP but to invest on AXS and stake it. Now if you are a axie player or breeder then just farm SLP and use it for breeding.
