4 Easy Steps To Convert SLP tokens to Philippine Peso Using Binance

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SLP to PHP Converter: Introduction

After Bitcoin took the world by storm, over 9000 other cryptocurrencies have come up in 2022 of which more than 70 have a market capitalization of more than $1 billion. 

Apart from the obvious appeal of decentralized digital currencies, blockchain technology has also given us concepts such as Internet 3.0, non-fungible tokens (NFTs) and the metaverse. Although several large companies are striving to create the best metaverse experience for its users, the Axie Infinity Gaming Metaverse has emerged as one of the most popular games of 2022.

SLP tokens are the digital currency of the Axie Infinity metaverse which can be used for breeding Axies or for unlocking different fight arenas. These tokens make it easier to breed these pets faster and progress in the game. 

As the popularity of Axie Infinity Gaming Metaverse skyrocketed, the demand for SLP tokens has grown to the extent that they are now being traded on cryptocurrency trading platforms such as DEX Uniswap and Binance. 

This article will discuss more about SLP and how you can convert SLP to PHP. If you are a good player with large SLP reserves, you can trade the tokens for Philippine Pesos and other currencies by following these 4 easy steps.

Convert SLP to PHP Now

According to CoinGecko, the world’s largest independent cryptocurrency data aggregator, 1 SLP token is currently worth 0.233980 PHP. However, SLP tokens are extremely volatile and these values change several times a day depending on the demand for the tokens. 

Follow the below steps to convert your SLP to PHP(Philippine Pesos) today:

  1. Start by downloading and installing the Binance app on your preferred device. 
  2. Next, go to your Axie Infinity account dashboard and sync your SLP with Binance to switch your SLP tokens with the platform. 
  3. Now, type https://bridge.axieinfinity.com on your browser address bar and change your SLP tokens from Ronin to MetaMask.
  4. Your SLP tokens are now in your Binance P2P pockets, and can be traded and converted to regular currency at any time.

Binance is one of the most popular and trustworthy crypto trading platforms in the world and these steps will let you safely convert SLP to PHP or other preferred currencies at any given time.

More about SLPs and the Axie Infinity Gaming Metaverse

As discussed before, the Axie Infinity Gaming Metaverse is a blockchain-based game with an attractive and immersive gameplay.

The game has an interesting premise that revolves around finding and breeding pets called Axies, which are actually NFTs. These Axies pets which can also be used for battling against other players in the metaverse. Axie Infinity requires users to purchase a maximum of three unique digital pet Axies to continue playing the immersive game. 

SLP tokens are the in-game digital cryptocurrency which are essential for progressing in the game. These ERC-20 tokens can be earned while playing by exploring the metaverse and battling against other players in ‘arena mode’. 

Axie Infinity does not allow users to exchange these tokens for money and only a skilled player can earn more SLP. A seasoned pro can easily earn around 200 SLP each day by completing the game quests and winning profitable battles. 

However, since more SLP tokens leads to a potentially accelerated progress, the heavy demand for the tokens led to a secondary market for SLP trading. The total number of Smooth Love Potions circulating in the metaverse has exceeded 3,500,000,000  and several users visit trading platforms such as DEX Uniswap and Binance to exchange these tokens. 

As the Axie Infinity metaverse ecosystem continues growing by leaps and bounds, the value of SLP tokens is increasing exponentially. As of 2022, It is a decent gamble to trade SLP tokens like any other digital cryptocurrencies for monetary benefit.

FAQs About SLP to PHP Conversion

  1. Why is the value of SLP tokens so volatile?

SLP is volatile cryptocurrency and its value changes rapidly for multiple times each day. It is extremely difficult to predict the future value of these tokens as SLP prices directly correlate with the success of the Axie Infinity metaverse. However, the recent excitement around the Axie Infinity metaverse could potentially increase the demand for SLP tokens and pump up the value in coming days. 

  1. Where can one purchase and trade Smooth Love Potions?

SLP tokens can be purchased using popular cryptocurrency trading platforms such as Binance, OKEx, FTX, ByBit, and KuCoin among many others.

  1. What are the best cryptocurrency wallets to store and carry SLP?

In regards to carrying and storing Smooth Love Potion tokens, we recommend using historically popular and secure crypto wallets such as Belief Pockets and MetaMask.

  1. Are SLP tokens fake or genuine?

SLP tokens are legitimate and are the in-game digital currency of the Axie Infinity Gaming metaverse. However, SLP tokens are extremely volatile and it is fairly dangerous to invest speculatively. The probability of incurring huge losses from SLP trading is equal to the chance of making excessive profits.

  1. What is the future of SLP Tokens?

The potential of this token is linked to the success and future of the Axie Infinity Gaming metaverse. The potential of the metaverse is still unexplored and improving with each new update. As the demand for SLP tokens continues to increase, it is safe to assume that its prices in crypto trading platforms will increase sooner or later. To keep up to date with prices of SLP and other cryptocurrencies, you should check out the SLP to PHP CoinGecko website for the latest news.

  1. Is purchasing SLP tokens a good idea in 2022?

The prices of SLP token have gone down quite a bit in the last few days. Purchasing SLP tokens for the purpose of trading and making profits totally  depends on your appetite for risk. Keeping the never-ending potential of blockchain-based games in mind, this is the perfect time to add a few SLP tokens to your portfolio.

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