Battle Infinity Set For Massive Surge as Staking Shoots Past $4 Million – Here’s How You Can Earn 25%
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As Battle Infinity has launched its new staking platform, IBAT, the native cryptocurrency, is expected to increase in price. Here’s how Battle Infinity offers up to 25% APY through its staking platform.
Earn 25% APY on Battle Infinity
Battle Infinity is a new cryptocurrency play-to-earn (P2E) ecosystem that offers multiple in-game earning opportunities. In September 2022, Battle Infinity launched the Battle Stake – a staking protocol that lets investors stake IBAT, the native cryptocurrency.
One of the best crypto staking platforms, Battle Infinity offers huge yield-earning options. On the staking protocol, IBAT can be staked by accessing flexible or lock-up options. The flexible protocol provides investors with up to 12% APY (Annual Percentage Yield).
However, the APY increases by locking up IBAT. A 30-day lock-up period leads to 14% APY, while the yield rises to 17% for a 60-day lock-up period. Investors can earn 20% and 25% APY by staking IBAT for 180 and 360 days, respectively.
Currently, over $4 million worth of IBAT has been locked on the staking protocol.
Can IBAT Increase in Price?
Currently, 40% of the circulating token supply is locked in the staking protocol. As the IBAT supply reduces, the available tokens can witness an increase in demand. This may lead to upwards price movement.
Moreover, IBAT is one of the best Metaverse crypto coins – offering a virtual ecosystem where all characters and avatars are minted as NFTs using ERC-721 smart contracts. Players can create their own character NFTs on IBAT Battle Market – the NFT marketplace.
NFT integration is also an important part of the IBAT Premier League – a P2E feature that operates as an NFT sports fantasy league. Players can take part by purchasing NFT passes and earn NFT rewards, which can be traded and sold to earn crypto rewards. Therefore, Battle Infinity’s multiple use cases make it an interesting long-term prospect.
Currently, IBAT is trading at $0.0023 per token with a market cap of more than $23 million.
