According to Luis Buenaventura, co-founder of BloomX, Filipinos playing Axie Infinity and cashing have raked in close to Php 2 billion pesos sent back to the Philippines. AXS has reached closed to $29 in recent weeks while SLP reached $0.40 as well.Īxie Infinity’s latest data said close to 500,000 are now playing the game daily and 10% of those users are from the Philippines. The current demand for Axies have also increased the demand for SLP and AXS, catapulting its price higher. The amount of SLP required depends on the breeding count of the Axies being bred – so anything between 300 SLP to 6,300 SLP will be needed to breed new Axies. In the Axie Infinity ecosystem, SLP (along with AXS, the governance token of the game) is needed to breed new Axies. “It will also allow for Axie users to more easily off-ramp from SLP directly into PHP payment methods,” Colin stated further.

The SLP-PHP pair on Binance P2P would allow and “enable of an ecosystem of small merchants to form and help serve the growing Axie Infinity community in the Philippines,” Colin Goltra, Director of Southeast Asia at Binance, said in an email. The following are the usual cash out options not just for SLP sale but also for crypto sale on the P2P platform: Notable Cash Out Options for SLP in the Philippines Take a look at the feedback of the buyers to ensure you are getting the best deal and rates.Ħ) Once you agree to the terms and the rates, the buyer will transfer the payment to your account, then Binance will transfer the SLP to the buyer. This will put the SLP to your Binance’s Spot Wallet.Ĥ) From Spot Wallet, transfer the SLP to your P2P Walletĥ) On the P2P Marketplace, find a buyer of SLP. The steps below details the procedures from syncing the SLP earned in the game up to the cashing out to PHP.ġ) On the Axie Infinity account dashboard, sync your SLP.Ģ) Go to and transfer your SLP from Ronin to MetaMask.ģ) Transfer the SLP from MetaMask to your Binance SLP Address. SLP is the cryptocurrency earned when winning battles in the NFT game Axie Infinity.

This allows buyers to directly trade their SLP for PHP and vice versa. In a move that aims to serve the growing Axie Infinity market in the Philippines, Binance has announced the launch of SLP-PHP Trading pair on its P2P marketplace.

Binance slp to php today