![]() ![]() On the left side, there’s an option to Sync your SLP.This means before you can sell your SLP to Bloom, you have to take out the SLP from your Ronin Address to your Ethereum Address First. How to Transfer SLP from Ronin Sidechain to Ethereum (MetaMask).Īll transactions inside Axie Infinity now happens on Ronin, its own sidechain. There is a Php 40 withdrawal fee, but every service like this will likely have a withdrawal fee.Running on Facebook Messenger, the transaction will only be as secure as your Facebook account.This is different than say selling on Binance through their order book exchange, where you can specify your sell limit order. If you sell to Bloom, they have their own indicative rates.For smaller amounts like Php 1,000, basic IDs will suffice. ![]() ![]() *The kind of ID that BloomX will require will depend as well on the amount in the transaction you will do. Better rates than doing the multiple transfer route (SLP > ETH > USDT > PHP).BloomX is a licensed VC exchange so you might find comfort that they adhere to the guidelines set up by the Bangko Sentral ng Pilipinas (BSP) regarding cryptocurrency transactions.They only require basic IDs like Barangay ID* for KYC.BloomX deposit the payment straight to your Gcash/PayMaya or bank account.Swap your SLP and AXS for PHP in one simple step.Using the Binance infrastructure, BloomX allows users to sell their SLP, AXS (Axie Infinity Coins), ETH, or even major cryptocurrencies like Bitcoin for cash straight through Facebook Messenger. Buenaventura if such a service could be launched in the Philippines. In a message, KooKoo said he and Gabby Dizon, CEO of Altitude Games, a fellow Axie Infinity player were brainstorming ideas to make it easier for Filipinos to swap SLP since the swapping tends to be a common pain point among players. First unveiled during a Bloomcast episode, Luis Buenaventura, Co-founder and Chief Strategy Officer at BloomX (and host of the webcast) said this is their way of supporting the Axie community in the Philippines, which has been growing day by day. Playing Axie Infinity vs Minimum Basic Salary in the Philippines by Michael Mislos on BitPinasīloomX Supports Instant Buy and Sell for Axie Tokens (SLP, AXS)īloomX, a licensed virtual exchange (VCE) in the Philippines, has begun offering a direct SLP to PHP buy and sell service via Facebook Messenger – skipping the ETH and USDT steps outlined above.The NFT Game That Makes Cents for Filipinos During COVID by Leah Callon-Butler on Coindesk. ![]() These are mistakes that could be avoided, of course, but any way to make converting SLP to PHP easier would of course be welcomed by the community.įor a brief overview of Axie Infinity and its impact in the Philippines, check out the following articles: According to KooKoo, an Axie Infinity player and content creator on YouTube, he heard far too many stories of Filipinos transferring SLP directly to wrong addresses and losing their hard earned rewards. While the process to do so is not complicated, the fees could be a lot because of the multiple conversions.įor some players, the multi-step process could risk a loss of funds due to transaction fees or worse, transferring SLP to a wrong address. As a cryptocurrency, SLP is convertible to ETH, which is then convertible to USDT and ultimately to PHP. Some, without any means to earn during the pandemic, have looked into playing the game to earn from it. There are a lot of Axie Infinity players in the Philippines. Because SLP is a requirement in-game to breed Axies, provided the game is being played, there will be some level of demand for Axie breeders buying SLP to breed winning Axies. Last October, we published an article on BitPinas “ Playing Axie Infinity vs Minimum Basic Salary in the Philippines.” Axie Infinity, the hit blockchain game released a cryptocurrency called “SLP” this year which can be earned simply by playing the game. ![]()
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