After Staking Launch, Battle Infinity Blockchain Game Attracts Massive Interest
Battle Infinity's Play to Earn ecosystem has attracted a lot of interest in 2022 after establishing a staking platform that offers up to 25% APY. Battle Infinity is poised to rank among the top digital assets at the moment by offering a variety of use cases via NFT and crypto integration.
Launch of the Battle Infinity Staking Platform
An interesting in-game earning mechanism has recently been released on the network of Battle Infinity, a play-to-earn metaverse ecosystem. IBAT Battle Stake, the ecosystem's staking protocol, was officially launched on September 24, 2022, according to Battle Infinity's official Twitter account.
Participants in IBAT Battle Stake can stake IBAT, the platform's native cryptocurrency, to possibly earn significant APY (Annual Percentage Yield). The staking protocol offers two options: locked staking, where tokens must be staked for a minimum amount of time, and flexible staking, where there is no minimum lock-up period.
Battle Infinity received more than $3 million worth of IBAT locked on the Battle Stake just two days after the platform's launch. Currently, more than 1.1 billion IBAT tokens—or more than 10% of the 10 billion token supply—are staked on the two staking functions.
IBAT offers enormous rewards with the staking platform, making it one of the greatest proof of stake coins. While locked staking delivers higher profits, depending on the lock-up duration, flexible staking yields 12% APY.
IBAT earns 14% APY when locked for 30 days, but investors can earn up to 17% APY when locked for 90 days. Additionally, investors have the opportunity to earn a 20% yield for 180 days and a maximum APY of 25% for a 360-day lock-up period.
IBAT Price Change
One of the top 2022 cryptocurrency presales was accomplished by Battle Infinity, who raised 16,500 BNB worth of IBAT in just 24 days. One of the biggest decentralized exchanges (DEXs) in the market, PancakeSwap, listed the token in August 2022. IBAT has given investors astounding profits after going public at a presale price of $0.0015.
IBAT traded at $0.0037 on September 25th, up from a price of $0.0032 on September 22nd. Following the introduction of the debut of Battle Infinity's staking platform, there was a 15% price hike. IBAT can appreciate in value as the number of available tokens declines since more than 10% of the token supply is locked on the Battle Stake.