The Axie Infinity team announced that starting on Aug. 12, there will be no more Smooth Love Potions (SLP) to be coined in its classic mode.
According to the team, the SLP rewards will be relocated to their new game mode. However, minting will be unattainable for 30 days as the team conducts a monitoring phase to search for bugs, abuses, and exploits.
The team emphasized that moving from classic to the new game mode will help balance the SLP economy. Further, along with removing classic rewards, the team will also encourage using SLP to craft various in-game boosts such as runes and charms in the latest mode to add utility to SLP.
Back in February, the Axie Infinity team already removed the SLP rewards for the adventure mini-game and daily quests reward in classic mode in a more premature attempt to balance the economy for the SLP token. Despite the team’s actions to make economic adjustments, the token is still down 98.7% from its all-time high of $0.39 in 2021.
In 2021, the NFT game has popularized the P2E model and is responsible for nearly two-thirds of all blockchain game NFT transactions. Within the last year, the project delivered $3.5 billion worth of NFT exchanges, according to the information on the web.
Even though the crypto tokens of the Axie Infinity project have not achieved well during the crypto winter, the NFT transaction volume for the project spiked 205% in July. Its co-founder Jeff Zirlin noted that the project is healing, referring to the positive reception of the game’s NFT land staking element.
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