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Cryptopolitan
--
IMF says El Salvador is still complying with Bitcoin freeze pledge
El Salvador is still sticking to its Bitcoin freeze, the International Monetary Fund (IMF) said during the Spring Meetings 2025 for the Western Hemisphere Department, according to the official press briefing transcript.
At the event, Julie Ziegler, Senior Communications Officer at the IMF, kicked off the discussion by reading a question submitted online by Ion Group.
The question asked why El Salvador had been moving Bitcoin between accounts instead of buying more directly to grow its reserves. Ziegler said they would address that first before taking any other questions and promised Argentina would have its own section later in the session.
Rodrigo Valdes, Director of the Western Hemisphere Department at the IMF, answered bluntly that El Salvador continues to follow its commitment not to add Bitcoin holdings through the public sector.
“I can confirm that they continue to comply with their commitment of non-accumulation of bitcoin by the overall fiscal sector,” Rodrigo said. He made it clear there were no secret transactions happening to boost reserves through sneaky moves.
IMF points to broader reforms in El Salvador
Before diving further into El Salvador, the briefing changed to Honduras. A reporter asked about the IMF’s contributions to Honduras and other countries in the region facing confusion and trade tensions.
Rodrigo said, “Honduras just had a staff-level agreement with the Fund. That means that we are ready to go to the Board for the review of the program, the second review.”
Rodrigo explained that Honduras made strong moves when global conditions were calm, fixing structural and macroeconomic issues early. “You repair your roof when it’s sunny outside,” he added, calling Honduras a case of good preparation.
Rodrigo also said that Honduras improved its reserves, secured more funds from international financial institutions (IFIs), lowered inflation, grew its economy, and made fiscal reforms, which left the country stronger against future shocks compared to before.
Coming back to El Salvador, Rodrigo made it very clear that Bitcoin is not the centerpiece of their economic program. “The program of El Salvador is not about bitcoin. It’s much more, much deeper in structural reforms, in terms of governance, in terms of transparency,” he said.
Rodrigo explained that the country is pushing through big changes to make government operations cleaner and more open. Fiscal reforms are also a big part of the agenda, and he confirmed that authorities are pushing forward in getting them done.
The country’s program with the IMF is a 40-month deal worth $1.4 billion, but if you count what they can pull in from other IFIs, it goes up to about $3.5 billion. Rodrigo said an “important fiscal adjustment” is happening right now under this plan. The idea is to make El Salvador a better place for private businesses to invest and help the economy grow faster.
Rodrigo also said that the IMF is preparing the first full review of the program. If everything continues to move the way it has, El Salvador could see even bigger gains. He stressed that the country is standing on a much stronger macroeconomic foundation now.
Plus, Rodrigo said that the huge improvements in security in El Salvador over the last few years will bring extra benefits that stack on top of the better economy.
After covering El Salvador and Honduras, Ziegler told the press they would finally move on to questions about Argentina, which has yet to adopt crypto yet but has its president involved in an ongoing international crypto fraud investigation.
Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
At the event, Julie Ziegler, Senior Communications Officer at the IMF, kicked off the discussion by reading a question submitted online by Ion Group.
The question asked why El Salvador had been moving Bitcoin between accounts instead of buying more directly to grow its reserves. Ziegler said they would address that first before taking any other questions and promised Argentina would have its own section later in the session.
Rodrigo Valdes, Director of the Western Hemisphere Department at the IMF, answered bluntly that El Salvador continues to follow its commitment not to add Bitcoin holdings through the public sector.
“I can confirm that they continue to comply with their commitment of non-accumulation of bitcoin by the overall fiscal sector,” Rodrigo said. He made it clear there were no secret transactions happening to boost reserves through sneaky moves.
IMF points to broader reforms in El Salvador
Before diving further into El Salvador, the briefing changed to Honduras. A reporter asked about the IMF’s contributions to Honduras and other countries in the region facing confusion and trade tensions.
Rodrigo said, “Honduras just had a staff-level agreement with the Fund. That means that we are ready to go to the Board for the review of the program, the second review.”
Rodrigo explained that Honduras made strong moves when global conditions were calm, fixing structural and macroeconomic issues early. “You repair your roof when it’s sunny outside,” he added, calling Honduras a case of good preparation.
Rodrigo also said that Honduras improved its reserves, secured more funds from international financial institutions (IFIs), lowered inflation, grew its economy, and made fiscal reforms, which left the country stronger against future shocks compared to before.
Coming back to El Salvador, Rodrigo made it very clear that Bitcoin is not the centerpiece of their economic program. “The program of El Salvador is not about bitcoin. It’s much more, much deeper in structural reforms, in terms of governance, in terms of transparency,” he said.
Rodrigo explained that the country is pushing through big changes to make government operations cleaner and more open. Fiscal reforms are also a big part of the agenda, and he confirmed that authorities are pushing forward in getting them done.
The country’s program with the IMF is a 40-month deal worth $1.4 billion, but if you count what they can pull in from other IFIs, it goes up to about $3.5 billion. Rodrigo said an “important fiscal adjustment” is happening right now under this plan. The idea is to make El Salvador a better place for private businesses to invest and help the economy grow faster.
Rodrigo also said that the IMF is preparing the first full review of the program. If everything continues to move the way it has, El Salvador could see even bigger gains. He stressed that the country is standing on a much stronger macroeconomic foundation now.
Plus, Rodrigo said that the huge improvements in security in El Salvador over the last few years will bring extra benefits that stack on top of the better economy.
After covering El Salvador and Honduras, Ziegler told the press they would finally move on to questions about Argentina, which has yet to adopt crypto yet but has its president involved in an ongoing international crypto fraud investigation.
Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
I voted for the token that will be held on February 9
Binance Square Official
--
We now invite users to participate and vote on the second batch of Vote to List projects. The projects below are ranked according to the order of the official announcement.
How to Vote:
- Each user can vote for up to 5 projects, with the option to vote for fewer if desired. Each verified account can only allocate one vote for one project.
- Users must be logged in to their verified Binance accounts and hold a minimum of at least 0.01 BNB in their master accounts throughout the Voting Period for their votes to be eligible.
Vote Period: 2025-04-02 13:30 (UTC) to 2025-04-09 23:59 (UTC)
Disclaimer: While we value and will take into consideration the vote results, they are for reference only and do not determine any decision or action Binance may or may not take. Monitoring of the project is still undergoing evaluation, and the decision will be determined by Binance based on our official review processes and standards. Project description is for reference only.
More details: [[T&Cs and Disclaimers].](https://www.binance.com/en/support/announcement/8c015531bfc34ac3bebfc15b939e4647)
How to Vote:
- Each user can vote for up to 5 projects, with the option to vote for fewer if desired. Each verified account can only allocate one vote for one project.
- Users must be logged in to their verified Binance accounts and hold a minimum of at least 0.01 BNB in their master accounts throughout the Voting Period for their votes to be eligible.
Vote Period: 2025-04-02 13:30 (UTC) to 2025-04-09 23:59 (UTC)
Disclaimer: While we value and will take into consideration the vote results, they are for reference only and do not determine any decision or action Binance may or may not take. Monitoring of the project is still undergoing evaluation, and the decision will be determined by Binance based on our official review processes and standards. Project description is for reference only.
More details: [[T&Cs and Disclaimers].](https://www.binance.com/en/support/announcement/8c015531bfc34ac3bebfc15b939e4647)
Binance Academy
--
What Is Smooth Love Potion (SLP)?
TL;DR
Smooth Love Potion (SLP) is an ERC-20 gaming token in the popular NFT game Axie Infinity. It has an unlimited supply and is the primary source of income for Axie Infinity gamers. Within the Axie Infinity ecosystem, players can use SLP to breed digital pets called Axies, which can then be sold on the marketplace as NFTs to other players. SLP can also be traded on crypto exchanges like Binance.
To earn SLP, players can complete daily quests, battle other players in the Arena (PvP), or fight in the Adventure mode (PvE). There is a limited amount of SLP players can earn per day, and the SLP used for breeding will be burned once a new Axie is created.
Introduction
Amidst the boom of NFTs, blockchain technology has opened up a whole new world of possibilities. More companies are creating their gaming metaverses on the blockchain, and many of these allow players to earn money while playing. One of them is Axie Infinity, which has been growing in popularity since 2018.
Axie Infinity rewards consist of its own ERC-20 token, Smooth Love Potion (SLP). As a cryptocurrency, users can buy and sell SLP tokens on crypto markets. Within the game, SLP can be used for breeding new Axies, which can be traded as NFTs on the Axie Infinity marketplace.
What is Axie Infinity?
Axie Infinity is a play-to-earn NFT game where players battle with each other using the unique game characters called Axies. You can think of an Axie as a Pokémon. Each has a different class, body parts, and stats. They are non-fungible tokens (NFTs) that can be stored in an Ethereum wallet or a Ronin Wallet.
The Axie Infinity ecosystem is built on the Ethereum blockchain. To play the game, you need to assemble a team of Axies. You can purchase Axies on the marketplace or borrow from other players in a scholarship program. You can also breed new Axies using Smooth Love Potion tokens (SLP). SLP tokens can be earned by playing Axie Infinity, and the top-ranked players are also rewarded with AXS tokens. In addition, AXS holders can participate in the governance of the Axie Infinity ecosystem.
What is Smooth Love Potion (SLP) and how does it work?
As mentioned, Smooth Love Potion (SLP) is the native cryptocurrency of the Axie Infinity game. Previously known as “Small Love Potion”, SLP is an ERC-20 gaming token with an unlimited supply. As of November 2021, SLP’s market cap reached $197 million USD with a circulating supply of over 3 billion.
SLP can be earned through completing daily quests or engaging in battles or adventures in the game. After attaining a certain amount of SLP coins, gamers can start to breed their unique Axies. The cost for breeding each Axie differs, as it depends on the breed counts of the pre-existing Axies (the parents). Axies can breed a maximum of 7 times each. As the breed count gets higher, more SLP is required.
SLP is an altcoin that has a burning mechanism. After each Axie breeding, the SLP tokens used will be burned forever. As players can only farm a limited amount of SLP in the game per day, the token demand is expected to grow as players try to get ahead of the breeding game. The SLP price varies according to the forces of supply and demand. It reached an all-time high of $0.41 in July 2021.
Within the Axie Infinity metaverse, SLP is more than just a game currency for breeding new digital pets. It is also a reward token for players when they reach new levels or win fights with their Axies. On the other hand, holders can speculate on the SLP price and trade it on crypto exchanges like Binance. SLP is also available on the Uniswap liquidity pools. SLP is now part of the play-to-earn movement that lets players earn an income by playing Axie Infinity.
How to earn SLP on Axie Infinity?
SLP can be obtained by completing daily quests, competing with players in Arena matches (PvP), or battling monsters in the Adventure mode (PvE).
1. Complete daily quests
As of November 2021, the daily quest gives an extra 25 SLP to players that perform the daily check-in, complete 10 adventure mode levels, and win 5 arena matches.
2. Battle in Arena (PvP)
Arena (PvP) is the main source of SLP rewards in the game. The PvP Arena matches players against each other based on their rankings (MMR). Every Arena match will use one energy, and every win will provide an SLP reward, according to the player’s MMR. The higher your ranking, the more SLP you get per win. Note that you need an MMR above 800 to get SLP rewards.
If the energy is depleted, players can still play PvP to raise their MMR, but they won’t get SLP rewards. You can check how much energy you have from the main menu at the top left of the screen. The amount of energy you have depends on the number of Axies you hold:
From 3 to 9 Axies: 20 energies.
From 10 to 19 Axies: 40 energies.
20 Axies or more: 60 energies.
3. Battle in the Adventure Mode (PvE)
Adventure is a single-player mode in the game. It consists of 36 levels with increasing difficulty and SLP rewards. You can earn up to 50 SLP daily from adventures. It doesn’t require energy to start in adventure mode, you’ll only need them if you wish to gain experience points for your Axies.
Compared to PvP, PvE requires less time and effort to farm SLP. However, you can only receive one-time SLP rewards for each adventure level. you can play the same level again to fulfill the daily quest SLP reward requirement, but you won’t receive any extra SLP rewards. To earn more SLP, you can also defeat the bosses in certain levels for one-time SLP rewards.
How to claim SLP from Axie Infinity to Ronin Wallet?
After earning SLP from the game, you’ll be able to claim it manually every 14 days.
1. Log in to your Axie Infinity account and connect your Ronin Wallet. Click [Claim Tokens] from the menu to see the amount of SLP you can claim and when you’ll be able to do it. Then, click [Claim SLP] to transfer the SLP to your Ronin Wallet.
2. Go back to your Axie Infinity account dashboard and make sure your Ronin Wallet is connected. Click [Claim Tokens] - [Claim SLP]. You will see the claimed SLP in your Ronin Wallet.
3. If you want to sell the SLP, you can transfer it to your MetaMask or another Ethereum wallet using the Ronin Bridge. Alternatively, you can send the SLP directly to your Binance Ronin Wallet through the RON network. This will save you some money as you can avoid paying ether (ETH) gas fees.
Note that you can also trade your SLP for other cryptocurrencies using the Katana decentralized exchange. As of writing, the swap function supports AXS, WETH, USDC, and SLP.
How to buy SLP on Binance?
To breed more Axies, you’ll probably need to acquire more SLP tokens. Apart from earning by playing Axie Infinity, you can also buy SLP from crypto exchanges like Binance. Then you can transfer them to your Ronin Wallet via the Ronin (RON) network.
1. Log in to your Binance account and go to [Trade]. Choose either the [Classic] or [Advanced] trading mode to start. In this tutorial, we will select [Classic].
2. Next, type “SLP” on the search bar to see a list of the available SLP trading pairs on Binance. We will use SLP/BUSD as an example.
3. Under [Spot], choose the order type and enter the amount you want to buy. Click [Buy SLP] to place the order and you will see the purchased SLP in your Spot Wallet. From there, you can hit [Withdraw] to transfer it to an external wallet.
Closing thoughts
Axie Infinity is one of the most popular DeFi projects nowadays. As a gaming token in a play-to-earn blockchain game, SLP offers players a simple and interactive way to earn extra income. In fact, the SLP rewards have enabled many communities in countries like the Philippines to improve their fiat income amidst the COVID-19 economic crisis.
Smooth Love Potion (SLP) is an ERC-20 gaming token in the popular NFT game Axie Infinity. It has an unlimited supply and is the primary source of income for Axie Infinity gamers. Within the Axie Infinity ecosystem, players can use SLP to breed digital pets called Axies, which can then be sold on the marketplace as NFTs to other players. SLP can also be traded on crypto exchanges like Binance.
To earn SLP, players can complete daily quests, battle other players in the Arena (PvP), or fight in the Adventure mode (PvE). There is a limited amount of SLP players can earn per day, and the SLP used for breeding will be burned once a new Axie is created.
Introduction
Amidst the boom of NFTs, blockchain technology has opened up a whole new world of possibilities. More companies are creating their gaming metaverses on the blockchain, and many of these allow players to earn money while playing. One of them is Axie Infinity, which has been growing in popularity since 2018.
Axie Infinity rewards consist of its own ERC-20 token, Smooth Love Potion (SLP). As a cryptocurrency, users can buy and sell SLP tokens on crypto markets. Within the game, SLP can be used for breeding new Axies, which can be traded as NFTs on the Axie Infinity marketplace.
What is Axie Infinity?
Axie Infinity is a play-to-earn NFT game where players battle with each other using the unique game characters called Axies. You can think of an Axie as a Pokémon. Each has a different class, body parts, and stats. They are non-fungible tokens (NFTs) that can be stored in an Ethereum wallet or a Ronin Wallet.
The Axie Infinity ecosystem is built on the Ethereum blockchain. To play the game, you need to assemble a team of Axies. You can purchase Axies on the marketplace or borrow from other players in a scholarship program. You can also breed new Axies using Smooth Love Potion tokens (SLP). SLP tokens can be earned by playing Axie Infinity, and the top-ranked players are also rewarded with AXS tokens. In addition, AXS holders can participate in the governance of the Axie Infinity ecosystem.
What is Smooth Love Potion (SLP) and how does it work?
As mentioned, Smooth Love Potion (SLP) is the native cryptocurrency of the Axie Infinity game. Previously known as “Small Love Potion”, SLP is an ERC-20 gaming token with an unlimited supply. As of November 2021, SLP’s market cap reached $197 million USD with a circulating supply of over 3 billion.
SLP can be earned through completing daily quests or engaging in battles or adventures in the game. After attaining a certain amount of SLP coins, gamers can start to breed their unique Axies. The cost for breeding each Axie differs, as it depends on the breed counts of the pre-existing Axies (the parents). Axies can breed a maximum of 7 times each. As the breed count gets higher, more SLP is required.
SLP is an altcoin that has a burning mechanism. After each Axie breeding, the SLP tokens used will be burned forever. As players can only farm a limited amount of SLP in the game per day, the token demand is expected to grow as players try to get ahead of the breeding game. The SLP price varies according to the forces of supply and demand. It reached an all-time high of $0.41 in July 2021.
Within the Axie Infinity metaverse, SLP is more than just a game currency for breeding new digital pets. It is also a reward token for players when they reach new levels or win fights with their Axies. On the other hand, holders can speculate on the SLP price and trade it on crypto exchanges like Binance. SLP is also available on the Uniswap liquidity pools. SLP is now part of the play-to-earn movement that lets players earn an income by playing Axie Infinity.
How to earn SLP on Axie Infinity?
SLP can be obtained by completing daily quests, competing with players in Arena matches (PvP), or battling monsters in the Adventure mode (PvE).
1. Complete daily quests
As of November 2021, the daily quest gives an extra 25 SLP to players that perform the daily check-in, complete 10 adventure mode levels, and win 5 arena matches.
2. Battle in Arena (PvP)
Arena (PvP) is the main source of SLP rewards in the game. The PvP Arena matches players against each other based on their rankings (MMR). Every Arena match will use one energy, and every win will provide an SLP reward, according to the player’s MMR. The higher your ranking, the more SLP you get per win. Note that you need an MMR above 800 to get SLP rewards.
If the energy is depleted, players can still play PvP to raise their MMR, but they won’t get SLP rewards. You can check how much energy you have from the main menu at the top left of the screen. The amount of energy you have depends on the number of Axies you hold:
From 3 to 9 Axies: 20 energies.
From 10 to 19 Axies: 40 energies.
20 Axies or more: 60 energies.
3. Battle in the Adventure Mode (PvE)
Adventure is a single-player mode in the game. It consists of 36 levels with increasing difficulty and SLP rewards. You can earn up to 50 SLP daily from adventures. It doesn’t require energy to start in adventure mode, you’ll only need them if you wish to gain experience points for your Axies.
Compared to PvP, PvE requires less time and effort to farm SLP. However, you can only receive one-time SLP rewards for each adventure level. you can play the same level again to fulfill the daily quest SLP reward requirement, but you won’t receive any extra SLP rewards. To earn more SLP, you can also defeat the bosses in certain levels for one-time SLP rewards.
How to claim SLP from Axie Infinity to Ronin Wallet?
After earning SLP from the game, you’ll be able to claim it manually every 14 days.
1. Log in to your Axie Infinity account and connect your Ronin Wallet. Click [Claim Tokens] from the menu to see the amount of SLP you can claim and when you’ll be able to do it. Then, click [Claim SLP] to transfer the SLP to your Ronin Wallet.
2. Go back to your Axie Infinity account dashboard and make sure your Ronin Wallet is connected. Click [Claim Tokens] - [Claim SLP]. You will see the claimed SLP in your Ronin Wallet.
3. If you want to sell the SLP, you can transfer it to your MetaMask or another Ethereum wallet using the Ronin Bridge. Alternatively, you can send the SLP directly to your Binance Ronin Wallet through the RON network. This will save you some money as you can avoid paying ether (ETH) gas fees.
Note that you can also trade your SLP for other cryptocurrencies using the Katana decentralized exchange. As of writing, the swap function supports AXS, WETH, USDC, and SLP.
How to buy SLP on Binance?
To breed more Axies, you’ll probably need to acquire more SLP tokens. Apart from earning by playing Axie Infinity, you can also buy SLP from crypto exchanges like Binance. Then you can transfer them to your Ronin Wallet via the Ronin (RON) network.
1. Log in to your Binance account and go to [Trade]. Choose either the [Classic] or [Advanced] trading mode to start. In this tutorial, we will select [Classic].
2. Next, type “SLP” on the search bar to see a list of the available SLP trading pairs on Binance. We will use SLP/BUSD as an example.
3. Under [Spot], choose the order type and enter the amount you want to buy. Click [Buy SLP] to place the order and you will see the purchased SLP in your Spot Wallet. From there, you can hit [Withdraw] to transfer it to an external wallet.
Closing thoughts
Axie Infinity is one of the most popular DeFi projects nowadays. As a gaming token in a play-to-earn blockchain game, SLP offers players a simple and interactive way to earn extra income. In fact, the SLP rewards have enabled many communities in countries like the Philippines to improve their fiat income amidst the COVID-19 economic crisis.
Amanda 🔶
--
Bullish
🚨 JUST IN: Binance introduces $KERNEL on MEGADROP!
Binance has unveiled KernelDAO as the fourth project on its Megadrop platform, offering users an opportunity to earn KERNEL tokens through $BNB subscriptions and Web3 quests.
Key Details:
▫️Token Name: KernelDAO (KERNEL)
▫️Total Supply: 1,000,000,000 KERNEL
▫️Megadrop Rewards: 40,000,000 KERNEL (4% of total supply)
▫️Initial Circulating Supply: 162,317,496 KERNEL (16.23% of total supply)
How to Participate:
1. BNB Locked Products: Subscribe to BNB Locked Products on Binance Simple Earn to accumulate scores. Longer subscription periods yield higher scores.
2. Web3 Quests: Complete designated Web3 tasks using Binance Wallet to earn additional scores and multipliers. Ensure you have an active Binance Wallet to participate.
Your total Megadrop reward is calculated based on your combined scores from BNB subscriptions and Web3 quests.
For a detailed guide and further information, CLICK HERE! #MegadropKernelDAO #Megadrop
Binance has unveiled KernelDAO as the fourth project on its Megadrop platform, offering users an opportunity to earn KERNEL tokens through $BNB subscriptions and Web3 quests.
Key Details:
▫️Token Name: KernelDAO (KERNEL)
▫️Total Supply: 1,000,000,000 KERNEL
▫️Megadrop Rewards: 40,000,000 KERNEL (4% of total supply)
▫️Initial Circulating Supply: 162,317,496 KERNEL (16.23% of total supply)
How to Participate:
1. BNB Locked Products: Subscribe to BNB Locked Products on Binance Simple Earn to accumulate scores. Longer subscription periods yield higher scores.
2. Web3 Quests: Complete designated Web3 tasks using Binance Wallet to earn additional scores and multipliers. Ensure you have an active Binance Wallet to participate.
Your total Megadrop reward is calculated based on your combined scores from BNB subscriptions and Web3 quests.
For a detailed guide and further information, CLICK HERE! #MegadropKernelDAO #Megadrop
GUN Listing and its fate in the market📊
Price dynamics $GUN :
- Last price: $0.1075.
- Price change over 24 hours: -6.11%, indicating a significant drop.
- Maximum price over 24 hours: $0.1160, minimum: $0.0885.
- The price is currently closer to the 24-hour low, which may indicate increased selling.
Indicators:
- Bollinger Bands show a volatility zone where the price is near the lower boundary.
- Last price: $0.1075.
- Price change over 24 hours: -6.11%, indicating a significant drop.
- Maximum price over 24 hours: $0.1160, minimum: $0.0885.
- The price is currently closer to the 24-hour low, which may indicate increased selling.
Indicators:
- Bollinger Bands show a volatility zone where the price is near the lower boundary.
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