This Play-to-Earn Game is Trending on CoinGecko – Here’s What You Need to Know
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
After releasing a new staking protocol, Battle Infinity has become one of the most popular cryptocurrencies, regularly trending on the popular crypto aggregator platform – CoinGecko. Here’s why Battle Infinity is becoming one of the biggest crypto assets in 2022.
What is Battle Infinity?
Battle Infinity (IBAT) is a play-to-earn (P2E) cryptocurrency platform that offers multiple use cases for platform members. One of the best Metaverse crypto coins, IBAT, the native token, is leveraged to access a decentralized exchange (DEX), a metaverse platform, and multiple NFT avatars.
Investors can join Battle Infinity and compete in the IBAT Premier League – a decentralized NFT-based sports fantasy league. On top of this, one can participate by purchasing an NFT pass and be in with a chance to win NFT and crypto rewards.
The multiple use cases resulted led to the token’s successful presale, as the platform collected over 16,500 BNB in just a few weeks of its initial offering. Since then, the cryptocurrency has launched on popular exchanges like PancakeSwap – a global DEX.
However, one of the main reasons for Battle Infinity’s popularity is due to the recent release of the IBAT Battle Swap – the staking platform.
Earn 25% by Staking IBAT
Currently, IBAT is trending on CoinGecko – a global cryptocurrency data aggregator. One of the main reasons for this is due to the staking platform – which offers flexible and locked staking options on IBAT.
Notably, an investor can stake IBAT for 360 days to earn 25% APY (Annual Percentage Yield) – a significantly high return on investment. Currently, over $4.6 million worth of IBAT has been staked, accounting for more than 10% of the available token supply.
As the circulating supply of IBAT gradually decreases with more tokens being staked. this will add upward pressure to the price of the IBAT token, leading to huge rallies in the months to come. Thus, Battle Infinity’s IBAT has the potential to become one of the best cryptocurrency investments in 2022 and beyond.