Battle Infinity Blockchain Game offers 25% stake APY
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Battle Infinity, a new metaverse monetization game, offers 25% APY through its recently launched staking platform. Since more than 40% of Battle Infinity (IBAT) tokens have been staked, is it right to buy the cryptocurrency? Let’s find out.
Battle Infinity offers 25% APY via stake
One of best proof of effort platforms, Battle Infinity, launched its new staking protocol on September 25, 2022. This platform is a metaverse-based ecosystem, offering multiple in-game earning opportunities by leveraging IBAT – the original cryptocurrency.
Battle Infinity is a multi-purpose platform and offers access to its own metaverse, decentralized exchange (DEX) and NFT marketplace. However, Battle Infinity has increased in popularity through its P2E feature – IBAT Battle Swap.
IBAT Battle Swap offers IBAT flexible and locked betting options for all IBAT investors. Flexible stakes allow investors to earn 12% APY (Annual Percentage) and the ability to withdraw tokens at any time.
As the lock time increases, so does the rebound. For example, a 30-day lock-in period offers a 14% return, while the return increases to 17% for a 90-day lock-in. 6 months of locked bet results in a 20% APY, while investors can earn a maximum of 25% APY by locking IBAT for 360 days.
Battle Infinity has produced some of the highest returns of any cryptocurrency in 2022, positioning itself as one of the best altcoins to invest in for effort and passive income.
Should you buy IBAT now?
In August 2022, Battle Infinity (IBAT) sold out its 3-month pre-sale in 24 days. After the presale success, IBAT launched on PancakeSwap – one of the best decentralized exchanges in the space. After listing on pre-sale at $0.0015, IBAT hit an all-time high (ATH) of $0.0105 on PancakeSwap – a 7x price increase.
Currently, IBAT is trading at $0.0031 per token – which still equates to more than 200% price increase compared to the pre-launch price.
One of best long term cryptocurrency projects, IBAT offers several use cases. With IBAT Battle Games, investors can access a virtual ecosystem where all characters and items are minted using ERC 721 smart contracts.
By leveraging NFTs, Battle Infinity allows players to access an NFT-based fantasy sports league, which uses NFT passes to enter the game. Players can earn more NFT rewards by winning contests and even trading these assets in secondary markets.
As the number of IBAT locked has increased to more than 40% of the token supply, the lower supply may increase demand. Such situations can lead to higher trading volume and potentially increase the price of IBAT in the coming months and years.
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