Smooth Love Potion (SLP) - Scam or Other Issues | Coinopsy
Smooth Love Potion (SLP) - Dead Coins

Smooth Love Potion (SLP)

Smooth Love Potion was founded in 2020, it is trading on limited exchanges. Smooth Love Potion was added to the dead coins list due to being Scam or Other Issues. Founder/CEO is Trung Nguyen.

Summary

  • Main reasons for dead coin listing Scam or Other Issues.
  • Started 2020, Ended 2021.
  • Social media ended active.
  • Trading ticker (SLP).
  • 1 Billion + Tokens total.
  • Available to trade on limited exchanges.
  • Was built on Ethereum blockchain.
  • Website is still up.
  • The Founder/SEO is Trung Nguyen.

What Is a Ponzi Scheme?

A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers.

 

Both Ponzi schemes and pyramid schemes eventually bottom out when the flood of new investors dries up and there isn't enough money to go around. At that point, the schemes unravel.

Axie Infinity/Smooth Love Potion

Axie infinity is a reverse pyramid scam. They have made a system that rewards the poor and just promises returns to the rich.  

It also rewards early investors, this is why it is also a Ponzi Scheme.

Within 6 months this game will be toast, and the best way to save any investment in this game is to get out as soon as a possible. This way you make a small profit and crash the economy before more people lose money.

Axies - will be under 20 dollars within 6 months.

SLP - will be under 1 cent within 6 months.

AXS – will be under 1 dollar after the scam is exposed.

We are sure the devs know what they created, it was never about the mindless game. It was only about scamming the rich and giving that money to the poor people of underprivileged countries. Oh and making the devs filthy rich too.  

We expect the dev statement to be something like this.  

“we just tried to make a beautiful online game and we have failed but will learn from our mistakes and not allow games to grow out of control in the future.”  

 

Tokenomics (14/8/2021)

Axies are about $250-350 starting price

This price just comes down demand for Axies, and there is only demand while SLP price is high. There will be a golden ratio, people wont pay more than 3 months of income for 3 Axies divided by two as scholars take about 50%. Meaning you would have to be able to pay off 3 Axies in 3 months after the scholars take a cut. 

AXS is $70

The price of this will continue to rise unless the devs dump it back onto binance. Just recently the breeding cost exceeded the cost of buying new. So the devs had to cut the breeding from 4 AXS to 2 AXS. But that cause axs to shoot up. But it also increased breeding speed to increase from 60,000-70,000 axies to 90,0000-100,000.

SLP is 20cents

The supply rapidly inflating 5% of the total supply per day this is because scholars sell the slp to make local currency. And some breeders are selling SLP to buy AXS.... but they also need lots of SLP so this will be more. 

Lets run the inflation calculator 

1 Billion (SLP) + 5%. We run this 30 every day for 30 days in a interest calculator.

4,321,942,375   SLP in 30 days

18,679,185,894 SLP  in 60 days

80,730,365,049 SLP  in 90 days

So in 90 days the inflation could cause SLP to grow 80 times. It wont get that bad because SLP price will be low soon and inflation will slow down because less and less new users will come in and it wont be profitable to give scholarships. People start to complain on the discord soon as SLP price is below 20c. Once price is under 10c, breeders will slow breeding this will stop and the economy. No new money coming in but still a hammering inflation on SLP. This will cause the economy to fall apart.

The developers will try to fix this, but simply put it can not be done. Its a broken system and it will destroy itself. Even if they remove the AXS breeding cost and make breeding cost 2-5 times the SLP it costs now. it will only be a temp fix.

This is a temp fix, because to breed you can only use 50% of your income on SLP, and the scholars will still be inflating the SLP with the other 50%, so unless you buy the SLP off them to breed. But then you will run out of money

Add