{"id":404512,"date":"2022-02-10T23:15:00","date_gmt":"2022-02-10T20:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/axs-ron-and-slp-surge-after-axie-infinity-developers-revamp-the-projects-tokenomics\/"},"modified":"2022-02-10T23:15:00","modified_gmt":"2022-02-10T20:15:00","slug":"axs-ron-and-slp-surge-after-axie-infinity-developers-revamp-the-projects-tokenomics","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/axs-ron-and-slp-surge-after-axie-infinity-developers-revamp-the-projects-tokenomics\/","title":{"rendered":"# AXS, RON and SLP surge after Axie Infinity developers revamp the project\u2019s tokenomics"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26b6bdd2792\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26b6bdd2792\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/axs-ron-and-slp-surge-after-axie-infinity-developers-revamp-the-projects-tokenomics\/#SLP_rewards_are_reduced_while_AXS_incentives_increase\" >SLP rewards are reduced while AXS incentives increase<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/axs-ron-and-slp-surge-after-axie-infinity-developers-revamp-the-projects-tokenomics\/#Players_will_decide_whether_the_economic_adjustments_are_effective\" >Players will decide whether the economic adjustments are effective<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># AXS, RON and SLP surge after Axie Infinity developers revamp the project\u2019s tokenomics <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Since launching in 2018, Axie Infinity has amassed over 2 million daily active users (DAUs) and its decentralized exchange, Katana has a market cap of $5.5 billion, but this growth has not come without challenges.<\/p>\n<p>Axie Infinity\u2019s in-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> token, Smooth Love Potion (SLP) decreased nearly 93% from it&#8217;s all-time high in July 13, 2021 of $0.39 as it faces uncontrollable inflation. As such, the team has announced it will significantly remove SLP issuance from the game, making it harder to farm. <\/p>\n<p>Gamers and guilds will in turn focus their attention on their strategic competitive edge and the potential increase price of SLP will inevitably result in the increased price of Axies as the cost to breed would increase all the same. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/91cbf057-6fa4-4774-a1e9-9a095f09b663.png\"><figcaption style=\"text-align: center;\">SLP token price. Source: Nansen.ai<\/figcaption><\/figure>\n<p>According to data, SLP\u2019s emission is over four times greater than the amount of tokens being burnt, which has resulted in its price plummeting to less than a cent in the last 7 days. However, the Axie Infinity team is tackling the economic imbalance with in-game modifications set to launch today at the start of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/axie.substack.com\/p\/upcoming-season-20-and-economic-balancing\">Season 20<\/a>.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/f6252d07-059c-4b57-b1e8-586b4e977652.png\"><figcaption style=\"text-align: center;\">SLP burn\/ mint rate. Source: Nansen.ai\u00a0<\/figcaption><\/figure>\n<p>Since announcing its plans of economic rebalancing, Axie Infinity&#8217;s AXS governance token and its blockchain token, RON, have seen an uptick in price. Since the season went live, SLP is up nearly 24% in the last 24-hours.\u00a0<\/p>\n<p>Scaling and finding balance amid rapid growth is no easy feat, but could these economic rebalances prove to be profitable for users? <\/p>\n<h2><span class=\"ez-toc-section\" id=\"SLP_rewards_are_reduced_while_AXS_incentives_increase\"><\/span>SLP rewards are reduced while AXS incentives increase<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Starting on Feb. 9, Axie Infinity will no longer issue SLP for users playing in adventure mode and it will no longer reward users who have completed the daily quest. By removing these methods of token emission, the team is reducing the number of SLP minted daily by roughly 175 million SLP.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/925ea792-bd0f-4ae2-9ded-80469cc4860e.png\"><figcaption style=\"text-align: center;\">Average daily in-game mint of SLP. Source: Axie Infinity<\/figcaption><\/figure>\n<p>These two issuance mechanisms make up nearly 84% of the SLP created in the game, with nearly 14% minted by players completing their daily quests, according to Axie Infinity\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/axie.substack.com\/p\/upcoming-season-20-and-economic-balancing\">economic development<\/a>.\u00a0<\/p>\n<p>Based on these estimates, over 250 million SLP is being minted daily and only about 40 million is burned as the demand for breeding Axies has decreased since players and breeders are still awaiting a new battle version called Origins. <\/p>\n<p>By removing significant portions of SLP rewards Axie Infinity will be allocating to players daily, the team aims to refocus players&#8217; attention to the competitive nature of the game. As such, the team has increased the rewards for its leaderboard and now the top 300,000 players will be able to win AXS as opposed to previously awarding only the top 1,000 players. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/cfba7999-15c2-4854-81b8-b448e95dd911.png\"><figcaption style=\"text-align: center;\">Leaderboard AXS rewards allocation. Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/axie.substack.com\/p\/upcoming-season-20-and-economic-balancing\">Axie Infinity<\/a><\/figcaption><\/figure>\n<p>By increasing the allocation of AXS awards to players, the team intends to reward <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 117,676 AXS, valued at over $7 million at the current price of AXS.\u00a0<\/p>\n<p>In doing this, Axie Infinity is distributing a significant amount of its governance tokens which benefit players for staking, breeding, and farming RON. <\/p>\n<p>The sudden drop of SLP emissions is not only a shock to the system, but to its players because many have been making similar recommendations for months. It remains unclear whether or not these changes are sustainable for economic growth, but players have been making their judgments<\/p>\n<p><strong><em>Related:\u00a05 NFT-based blockchain games that could soar in 2022<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Players_will_decide_whether_the_economic_adjustments_are_effective\"><\/span>Players will decide whether the economic adjustments are effective<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond its economic balances and tokenoimcs modifications, the team is also adamant about improving its overall communication and has since taken action. The Axie Infinity team acknowledged the community\u2019s sentiments regarding the overall <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/kookoocryptotv\/status\/1489392940602380288\">lack of transparency<\/a> and the fact that these economic issues could have been addressed much sooner.\u00a0<\/p>\n<p>On Jan.14, the team made a call-to-action for the community to make suggestions on ways to assist with the economic balancing and forthcoming changes. <\/p>\n<p>In response, players, investors, and content creators have taken to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> to express possible outcomes regarding the economic balances, with some still unclear, but hopeful, on how this may impact DAUs. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">3\/ We all knew this change was coming. Looking at the numbers it\u2019s no surprise given how much excess SLP is being minted. Two questions are what will it do to the # DAU and how could that play a part in total SLP minted?<\/p>\n<p>\u2014 Josh (@JDHyper) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/JDHyper\/status\/1491002637357318144?ref_src=twsrc%5Etfw\">February 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the surface it may appear that the bid to restore P2E viability may negatively impact those who are running scholarships as the issuance of SLP has drastically decreased. However, since the development went live, the demand for teams for members to play has also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RareAxies\/status\/1491395594753286147\">increased<\/a>.\u00a0<\/p>\n<p>It&#8217;s still unclear how these changes will impact teams in the long-term, especially as future changes and developments are slated to take place, but it could be the long-term adjustment Axie Infinity needed. <\/p>\n<p>While these economic changes are paramount in mitigating SLP inflation, only time will tell how existing players respond to these changes and how new entrants saddle up for the challenge.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/axs-ron-and-slp-surge-after-axie-infinity-developers-revamp-the-project-s-tokenomics\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# AXS, RON and SLP surge after Axie Infinity developers revamp the project\u2019s tokenomics &#8221; Since launching in 2018, Axie Infinity has amassed over 2 million daily active users (DAUs) and its decentralized exchange, Katana has a market cap of $5.5 billion, but this growth has not come without challenges. Axie Infinity\u2019s in-game token, Smooth&#8230;<\/p>\n","protected":false},"author":1,"featured_media":404513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvNzU5OTAxNTQtZTUzYS00Zjg3LWE0ZDQtZTU5YmE5NDllZTkyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,91083,74863,74860,99002,74868,74939,95118,125601,73785],"class_list":["post-404512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-blockchain-game","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-decentralized-marketplace","tag-defi","tag-market-analysis","tag-nft","tag-play-to-earn","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/404512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=404512"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/404512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/404513"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=404512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=404512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=404512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}