Is SLP crypto an inflationary token?

SLP crypto could be considered an inflationary token, but it depends on the demand for the game at different times. The loop generally works in the following way: Increase in creation of Axies: As players join Axie Infinity, they will buy Axies using crypto.

What is SLP token?

SLP token works on the distributed ledger technology and can be used for digitizing a number of real worlds and virtual assets. SLP tokens can be used for tokenization of company shares, gaming assets, real estate ownership, and many other physical assets.

What are LP tokens?

What this article refers to as LP tokens may have other names depending on the platform. For example, on the Balancer protocol, these tokens are referred to as balancer pool tokens (BPT), or pool tokens. On Uniswap, these tokens are referred to as either pool tokens or liquidity tokens. Curve refers to them as liquidity provider (LP) tokens.

What is crypto & how does it work?

What is Crypto? Cryptocurrencies are digital tokens that use cryptography for their creation and security. Bitcoin was the first, but thousands more have come. In the past few years, thousands of new cryptocurrencies have appeared, all claiming to offer something a little different.