The developers behind play-to-earn protocol Axie Infinity have introduced important changes to the rewards system in an effort to create a more sustainable product for users. By shauryamalwa
However, unlike AXS – a governance token that allows holders to take part in decisions for Axie Infinity’s future – SLP has an uncapped token supply, meaning there is no limit to how many SLP tokens could exist in the future.
The ‘Season 20’ update addresses these concerns. Emission rates associated with several game features, such as “adventure mode” and “daily quest,” have been reduced to zero from over 130 million SLP earlier. This reduces the daily SLP token supply by 56%. SLP prices have surged 100% in the past week following the update, data from analytics tool CoinGeckoAXS prices fell alongside. The governance tokens traded at $48 last week after falling nearly 60% from the November highs of $157. However, the Season 20 update revived AXS as prices bounced over the weekend, reaching $66 at the time of writing.Meanwhile, some in crypto circles said Axie’s decision showcased the impact of token-based games.
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