Battle Infinity Staked Coins Blasts Past $4.6 Million – IBAT Token Surge Incoming?

Viraj Randev
Last updated: | 1 min read

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With the release of Battle Infinity’s staking protocol, this play-to-earn ecosystem has witnessed nearly $4.5 million worth of staked IBAT tokens. With the increasing popularity of the staking platform, can IBAT surge in value in 2022? 

Earn 25% APY with Battle Infinity’s Staking Platform

In September 2022, Battle Infinity confirmed the release of its staking protocol. One of the best play-to-earn games in 2022, Battle Infinity offers multiple use cases, such as playable NFTs, metaverse environments and decentralized exchanges. 

However, the IBAT Battle Stake has received much attention due to the high yield the protocol generates. IBAT, one of the best cryptocurrency assets in 2022, can be staked to earn a potentially high APY (Annual Percentage Yield). 

Battle Infinity offers two staking options – flexible staking and locked staking. While flexible staking offers a 12% APY, users can receive up to 25% APY by staking IBAT for 360 days. From a total supply of 10 billion tokens – nearly 1 billion IBAT has been locked on the protocol. 

With a total locked value (TVL) of more than $4.5 million achieved in a few weeks, Battle Infinity is gearing up as one of the best crypto-staking platforms in 2022. 

Will IBAT Token Surge? 

After the popularity of the staking protocol, IBAT can become a potentially bullish cryptocurrency investment. Firstly, the limited token supply will diminish due to the large percentage of staked tokens on the staking protocol. Thus, the reduced supply may lead to a rapid increase in demand, which can lead to a price increase. 

Battle Infinity has also received success during its cryptocurrency presale – which sold out in just 24 days after raising 16,500 BNB worth of IBAT cryptos. This popular cryptocurrency was listed on PancakeSwap – one of the most popular decentralized exchanges, in August 2022. 

Since then, IBAT has been listed on LBank – a centralized exchange with 7 million +users. As the platform looks to list IBAT on more exchanges, a growing consumer base can increase trading volumes. IBAT is available to purchase at $0.00304 per token, with a market cap of more than $30 million.

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