Here's Why Battle Infinity Can Reach the Moon After Passing $4 Million in Staked IBAT Tokens
The new play-to-earn cryptocurrency platform for Battle Infinity has received staked tokens valued at over $4 million since the introduction of the company's new staking system. This new token is anticipated to keep rising in value in 2022, with the chance to earn up to 25% APY by staking Battle Infinity's IBAT.
Launch of the Battle Infinity Staking Platform
The IBAT Battle Stake, the decentralized platform's staking system, was officially launched on September 24, 2022, according to a message from the Battle Infinity Twitter account. Investors can use Battle Infinity, one of the greatest play to earn games, to take part in NFT-based sports fantasy leagues and buy virtual avatars from an NFT marketplace to gain in-game incentives.
This cryptocurrency project uses IBAT, the native cryptocurrency, to settle transactions and reward gamers. Battle Infinity's new staking protocol provides high-yield earning potential through flexible or locked staking, making it one of the top proof of stake platforms in 2022.
Using flexible staking, investors can stake IBAT and receive a 12% APY (Annual Percentage Yield). Notably, flexible staking permits token unlocking whenever desired. By securing IBAT, investors can receive better profits. One such example is a 30-day lock-up period that yields 14% APY. After 90 days, the APY will rise to 17%, then to 20%, then to 25% for a 360-day lock-up.
IBAT Token: Will It Reach the Moon?
Currently, the Battle Stake is home to more over 40% of all IBAT tokens in circulation. Higher demand may result in a price increase when there is less IBAT available for purchasing. After acquiring 16,500 worth of IBAT in just 24 days, Battle Infinity performed a successful presale earlier in August 2022. The project is among the top long-term bitcoin investments due to its variety of application cases.
IBAT is already trading more than 200% above its initial presale launch price of $0.0015, at $0.0032 per token. Many more investors might be interested in earning large passive income returns by purchasing IBAT as Battle Infinity staking continues to rise.