Already $3 million staked for Battle Infinity! Battle Infinity is among the Play to Earn projects with the most potential this year. Since launching its pre-sale phase, the project has continued to impress investors and community members.
It is once again in the spotlight today for very good reasons. Indeed, Battle Infinity recently implemented one of the milestones of its roadmap: the implementation of staking.
This announcement was well received by the Battle Infinity community who were eager to use this new feature to earn a return on their tokens. It is estimated that around 900 million IBATs, or $3 million, have been staked since the launch of this feature.
What is staking in Battle Infinity?
Staking is a very popular and often used mechanism in the cryptocurrency world. It is an operation that is relatively simple to understand. Through staking, a user can stake their IBAT tokens by entrusting them to the Battle Infinity platform system. Launched only a few days ago, already more than 3 million dollars have been staked.
The principle is simple to understand: all the tokens put into play remain in the possession of the user but are simply inaccessible to him because they are placed in a liquidity pool. By staking their tokens, this user will be able to earn rewards and get additional benefits that will allow them to generate passive income.
However, to benefit from these advantages, it is necessary to stake its IBAT tokens for a certain period of time with the risk of not being able to sell them during the period during which the blockage is active.
What are the benefits of the IBAT staking program?
There are several reasons that can motivate you to stake your IBAT tokens. Nevertheless, the main reason remains the desire to generate more returns from the tokens that one owns. Indeed, anyone who chooses to stake their IBATs will be able to earn impressive interest rates.
In addition to being an easy and secure way to earn interest on your IBAT tokens, it can be done without the use of additional means. It is also a good way to generate passive income at a relatively high rate.
What are the different types of staking available in Battle Infinity?
On the Battle Infinity platform, there are two types of staking currently. You have the flexible staking system and the fixed-term staking system.
Flexible staking
With this staking function, each user has the possibility to lock a certain amount of IBAT tokens on the Battle Infinity platform. They are also entitled to an annual interest rate of 12% on all tokens placed in the liquidity pool.
Users have the option of re-staking the interest earned on these tokens and the ability to withdraw their funds at any time when needed.
This feature is extremely beneficial for those who just want to stake a certain amount of IBAT to get a certain return, but at the same time want to be able to move their funds at any time.
Fixed-term staking
While the first option is fine for casual investors, it may not be suitable for seasoned users. So, for those looking to earn a higher annual percentage yield (APY), they will necessarily need to lock a specific number of tokens for a specific duration. This will allow them to receive a full percentage of APY.
Note, however, that if you feel like unlocking your tokens before the agreed unlocking period, a 10% fee will occur as a penalty guide. You will also not receive your rewards for your placement.
This option is perfect for people who are considering a long-term investment in the Battle Infinity project. Through this staking system, it is possible to obtain much higher returns.
Also, each holder of IBAT tokens can choose to stake their tokens to receive a fixed return, the amount of which differs depending on the period during which the tokens are not usable.
When we study the scale of distribution of interest rates, we quickly see that the longer the duration of the blocking of tokens, the greater the returns (which is the case for staking in general).
Thus, by blocking your tokens for one month (30 days), you will be entitled to an annual return of 14%. A 3-month lock-up (90 days) entitles you to a 17% return, while a 6-month lock-up (180 days) gets you a 20% return. By locking your tokens for one year (365 days), you will have a return of 25%.
The Effects of Staking on the Battle Infinity Project
As was the case with its pre-sale phase, the Battle Infinity staking program has been hugely successful from its launch until now. Indeed, in the first 24 hours after the mechanism was set up, around $3 million was staked on the platform.
According to statistics, it is estimated that many more IBATs have undergone staking in long-term staking pools. This phenomenon that demonstrates that the community has a keen interest and great confidence in the team behind the project.
After launching on PancakeSwap and LBank a few weeks ago, the current price of IBAT is around $0.0033. An increase of about 3% in 24 hours. The value of this token has been able to maintain itself despite a relatively difficult market and especially since the project is only in its infancy.
Indeed, the game is not expected for many months, despite everything investors have confidence in the project as evidenced by the token exchange graph.
Beyond Battle Infinity, there is also another Play to Earn which has recently completed its pre-sale and will soon be available on the OKX exchange. This is Tamadoge, a project with just as much potential as IBAT.
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