P2E Battle Infinity IBAT Token Likely to Keep Rising with High APY Staking
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Battle Infinity launched its staking platform on its P2E decentralized platform and some investors expect the IBAT token to keep rising in 2022. Providing 25% APY via staking, Battle Infinity is one of the most bullish cryptocurrency projects to watch right now.
Earn 25% APY with Battle Infinity’s Staking Platform
One of the top new cryptocurrencies in 2022, Battle Infinity’s multi-use case play-to-earn (P2E) ecosystem offers investors huge in-game income-earning opportunities. IBAT, the native cryptocurrency, is officially live on the Battle Stake – Battle Infinity’s staking protocol.
Announcing the release of the staking platform on Twitter, Battle Infinity will offer two types of staking options – flexible and locked staking.
Now is the time!— Battle Infinity (@IBATOFFICIAL) September 24, 2022
The staking is now live and you can stake your $IBAT by visiting https://t.co/709984B92P
Read here for more info: https://t.co/aguwqVhm8c
Types of staking: Flexible Staking and locked staking.
Note – 8000 $IBAT is minimum to stake. pic.twitter.com/aMC2AuR5v4
With a minimum staking amount of 8000 IBAT ($26 at the time of writing), players can earn 12% APY (Annual Percentage Yield) via the flexible staking protocol. With this option, IBAT can be deposited and removed from the Battle Stake at any time.
However, the returns increase as players access the lock-up staking options. A 30-day lock-up on IBAT will generate 14% APY, while the returns will increase to 17% for a 90-day lock-up period. Furthermore, investors can earn 20% APY and 25% APY for locking up IBAT for 180 and 360 days, respectively.
IBAT to Soar After the Staking Release
In August 2022, Battle Infinity’s IBAT completed one of the best crypto presales – raising 16,500 BNB worth of IBAT in 24 days. After the successful presale, IBAT was launched on PancakeSwap – one of the biggest decentralized exchanges.
While IBAT launched at $0.0015 per token during the presale, the token reached a price of $0.105 after its IBAT listing. Following the huge gains, IBAT has since corrected to a current price of $0.003364 per token. However, investors can expect Battle Infinity’s token to increase further as the staking feature gains momentum.
From a total token supply of 10 billion, 10% of the available tokens have been staked on the Battle Stake. As more investors stake IBAT, the reducing token supply will make this cryptocurrency one of the best long-term crypto projects in 2022.