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On November 10, 2020, Binance opened the doors for Axie Infinity’s Small Love Potion (SLP) token, adding it to one of the world’s busiest trading platforms. The move gave SLP instant exposure to a massive pool of traders, marking a big step for a token tied to the fast-growing blockchain gaming scene.
Trading began at 9:00 AM UTC with the SLP/ETH pair. Users could deposit SLP ahead of time to prepare for market activity. In a notable gesture, Binance charged zero listing fees—a signal they saw promise in the project and wanted to keep onboarding smooth for both traders and the SLP team.
But here’s the twist: SLP didn’t go straight into Binance’s main market. It debuted in the Innovation Zone.
What the Innovation Zone Means for SLP
The Innovation Zone is Binance’s dedicated space for newer, riskier tokens—assets that might have big upside but also unpredictable price swings. Binance doesn’t hide it: these tokens often have short trading histories and can be far more volatile than established cryptocurrencies.
To trade SLP here, users must go beyond clicking “buy.” They’re required to read Binance’s Terms of Use, acknowledge the risks, and complete a short questionnaire on the web platform. Only then can they trade without restrictions. This process ensures that traders understand exactly what they’re dealing with before jumping in.
High Volatility, High Risk — and Full Trader Responsibility
Binance is direct about SLP’s risk profile. They describe it as a relatively new token with “higher than normal risk” and a high likelihood of price volatility. In other words—expect sudden moves, both up and down.
Their advice is clear:
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Research SLP’s fundamentals before trading.
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Understand the project fully.
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Manage your risks carefully.
The disclaimer leaves no room for doubt: Binance won’t cover your losses. While they aim to list quality coins, the outcome of every trade rests entirely on the trader.
Access to Resources and Support
For those who want to dig deeper, Binance offers:
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Binance Research reports for background on listed projects.
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The SLP ERC20 smart contract for blockchain verification.
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Links to official Telegram, Twitter, Facebook, and Instagram, plus app downloads for Android and iOS.
These resources help traders stay informed, track updates, and connect with the community.
Why This Listing Matters
For Axie Infinity players and blockchain gaming enthusiasts, this listing is a milestone. SLP, used as an in-game reward, now has broader market access. Players can cash out or reinvest more easily, while traders can speculate on its value outside the game.
But the Innovation Zone label is a warning: early-stage tokens can deliver big wins or wipe out positions in no time. It’s a market for informed risk-takers, not a playground for the unprepared.
The Bottom Line
Binance’s listing of Small Love Potion (SLP) shows the exchange’s readiness to spotlight unique, emerging tokens. The move bridges gaming and mainstream crypto trading but comes with a clear message—know the risks, do your homework, and trade with caution.
FAQ
What is SLP?
Small Love Potion (SLP) is an ERC20 token linked to Axie Infinity.
Where can SLP be traded?
On Binance in the Innovation Zone, paired with ETH.
What is the Binance Innovation Zone?
A section for new, high-risk, and volatile tokens.
What’s required to trade there?
Read Binance’s Terms of Use and complete a risk disclaimer questionnaire.
What are the risks with SLP?
High volatility and higher-than-normal risk. Research before trading.
Was there a listing fee?
No, Binance listed SLP with a 0 BNB fee.
Does Binance cover trading losses?
No. Users are fully responsible for their trades.
Where to get more info?
Through Binance Research, the SLP smart contract, or Binance’s social channels and app.
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