Battle Infinity Staking Coming Soon – IBAT Crypto Pops on Dextools
IBAT pops on Dextools
IBAT is Battle Infinity’s native token and has been making the rounds on Dextools recently due to the token’s massive popularity. With the IBAT pre-sale selling out in just 25 days and raising 16,500 BNB, the community is very excited about the launch of the project.
The listing was a huge success when the token was launched on Pancakeswap: the price skyrocketed immediately after the launch, but unlike many projects, the rally was not short-lived. Since the IDO, the price has continued to rise, up over 100% since Pancakeswap’s listing.
Further listings such as LBank and Gate.io have helped to consolidate the high level of liquidity and trading volume, as well as keep the price up.
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Battle Infinity staking will soon go live
Battle Infinity’s staking program is coming online soon, which means IBAT holders will have the opportunity to gain high returns from their tokens.
IBAT Battle Stake gives holders the opportunity to lock up their tokens for a period of time, in exchange for which they are entitled to a reward. This is a good thing for the token price as it means people are more likely to invest and delay gratification rather than trade, which means fewer IBATs will be in circulation at any given time.
Many in the community are speculating on what the upcoming announcement will be and are happy to note that staking will go live soon.
The most immediate impact of staking on price is that there are fewer IBATs on the market, which means less potential selling pressure.
Battle Infinity (IBAT) price climbs 22%
Despite the downturn in the broader crypto market, Battle Infinity price has been performing well. According to a report by Dapp Radar, blockchain-based games have been the most resilient during the market downturn.
There are several reasons for this, not the least of which is that their value comes from utility and entertainment rather than speculation alone; with a lot of DeFi projects, they are highly correlated because of their interoperable nature, and speculation is rife.
Play-to-earn games are entertaining, and the incentives to participate in its ecosystem are often attractive. In addition, the industry has a lot of room to grow and much untapped ground to cover.
Battle Infinity’s competition, notably Dream 11 and the Mobile Premier League, have made very little innovation when it comes to P2E gaming, and certainly don’t have plans as detailed as the aforementioned.
With gamers flocking to Battle Infinity in droves, the outlook for IBAT looks strong in the weeks and months ahead.
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