Battle Infinity Staking Surges Past $4 Million with 25% APY

cryptonews.com:

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, a new cryptocurrency project, has just released its new staking protocol. With up to 25% APY being generated through the staking platform, here’s all you need to know about this new cryptocurrency.

Battle Infinity is a new cryptocurrency project that offers 6 unique play-to-earn features. IBAT, the native cryptocurrency, can be accessed from Battle Swap - Battle Infinity’s decentralized exchange. IBAT can be leveraged to purchase NFT passes to join the IBAT premier League - an NFT-based sports fantasy league. 

Moreover, the platform offers a virtual ecosystem where all avatars and characters are minted as NFTs using smart contract functionality. However, the token has exploded in popularity with the release of its new P2E feature - the IBAT Battle Stake. 

In September 2022, Battle Infinity launched the Battle Stake - the platform’s staking protocol. Offering both flexible and locked staking options, IBAT is one of the best proof of stake cryptos to buy in 2022. 

With flexible staking, investors can earn up to 12% APY (Annual Percentage Yield) on IBAT. The returns increase by accessing the locked staking feature. A minimum of the 30-day lock-up period can offer 14% APY, while the rate increases to 17% for a 60-day staking period. 

With 20% returns on a 180-day locked staking activity, investors can earn a staggering 25% APY by stalking IBAT for 360 days. More than 40% of the tokens circulating are staked on this protocol, which equates to over $4 million worth of IBAT. As the token supply reduces, there are chances of upwards price movement as the demand increases. 

Aft