What is Battle Infinity?
The game platform known as Battle Infinity boasts of being the first decentralized gaming system for a Metaverse. According to the company’s whitepaper, it is a gaming platform with several player-versus-player battle games that are integrated with the Metaverse.
Players can not only play and fight in the realm of Battle Infinity, but they can also enjoy and experience the immersive Metaverse universe, which allows them to engage, perform, watch, and explore the virtual world of Battle Arena at the same time.
It was established in 2022 by Suresh Joshi, a seasoned marketing professional, and Jagjeet Jena, a graduate of Uttranchal University in India, who currently holds the position of Chief Executive Officer of the system.
What is the IBAT token?
What is the IBAT token? IBAT is Battle Infinity’s native coin, which meets the requirements that every blockchain-based network requires to have its own unique currency. The Binance Smart Chain blockchain serves as the foundation for IBAT.
This identifies it more as a token than a coin, according to the accepted definitions of the terms. You could hear allusions to things like a prognosis for the price of the IBAT currency or the price of the Battle Infinity coin, but those statements are not, strictly speaking, correct.
IBAT is going to be the currency that individuals use to buy access to the features that Battle Infinity has to offer. The token can be bought, sold, and exchanged within the network. Additionally, it will be used to facilitate people’s ability to advertise within the network.
There will also be two different staking systems: one will enable holders to compete against other players in player-versus-player conflicts, while the other will finally disperse fifty percent of the funds staked to the players.
Battle Infinity in Greater Detail
Before investing, it is essential to have a comprehensive grasp of the cryptocurrency project you are considering. As a result, we will now walk you through the basics of Battle Infinity and the IBAT tokens that are native to the game.
In a nutshell, Battle Infinity is a young company based in Mumbai that is in the process of developing an ecosystem for the metaverse. Users will have access to a wide range of decentralized goods and services within the platform’s metaverse, which will be often referred to as the “Multiverse.”
This comprises games with many players that are centered on the principle of “play to earn.” This indicates that players have the opportunity to earn rewards in the real world by participating in Battle Infinity games. This material manifests itself as IBAT tokens and even NFTs at times.
IBAT Premier League is the name of the first multiplayer game that will be released in the Battle Infinity Multiverse. This is a play-to-earn game with a fantasy sports theme that you can participate in. Users will initially be required to acquire an NFT pass, and after that, they will construct a team consisting of players from the sport of their choosing.
Cricket is the first sport to debut in the IBAT Premier League; however, other sports such as soccer, basketball, and others will follow in its footsteps shortly. The number of points that are awarded to the user is determined by how well each chosen player competes in their respective sport.
Additional benefits will become available to the player as they accumulate more points over the course of the game. Users of the platform are encouraged and rewarded for their participation in the Multiverse because of this.
The Battle Infinity Multiverse will, in addition to its primary play-to-earn ecosystem, also provide the following:
The Battle Infinity ecosystem would not be complete without Battle Swap’s participation.
Users will be able to buy and sell tokens without having to visit a centralized website if they take advantage of this project’s native decentralized exchange, which was just described.
Importantly, Battle Swap will give players the ability to exchange the IBAT tokens that they have earned through gameplay for other digital assets, such as BNB. This will be a game-changing feature.
Players will have the opportunity to acquire in-game assets by participating in Battle Infinity tournaments, such as the IBAT Premier League, among others.
One example of this could be a character or weapon that is completely original. In any case, the player retains full ownership of any in-game assets that they acquire through play. As a result, Battle Market provides a decentralized marketplace in which players can buy, sell, and trade in-game NFTs.
Players can access multiplayer play-to-earn games under the Battle Games section of the Battle Infinity ecosystem. Some examples of these games include the IBAT Premier League, which was covered in the preceding section.
The Battle Infinity games provide users with opportunities to participate in immersive experiences that can be customized to reflect the online identity of their choosing.
This objective is made easier to achieve with Battle Arena because users are allowed to improve and completely personalize their in-game avatar by purchasing a wide variety of items, ranging from clothing and hair to footwear and eyewear.
Just a moment ago, we brought up the fact that the Battle Swap component of this project gives users the ability to exchange IBAT tokens that they have earned.
However, Battle Infinity also provides long-term investors in the project with the option to create a yield on their IBAT holdings. This opportunity is exclusive to Battle Infinity. Using the Battle Staking tool will allow you to accomplish this goal.
Is Battle Infinity a good investment?
Is Battle Infinity a good investment? As a result of the fact that Battle Infinity is a unique project that can capitalize on a variety of emerging technologies, such as the metaverse, NFTs, and play-to-earn gaming ecosystems, many people consider it to be one of the best cryptocurrencies that can be purchased.
But does this imply that purchasing IBAT shares is a smart financial move?
To make a decision that is informed, consider the essential points that are mentioned below:
Successful pre-sale campaign
First and foremost, experienced traders in the cryptocurrency industry will frequently ‘follow the money’ while making trading decisions. This is what we mean when we say that successful ventures frequently do well because they can generate hype for themselves. During the most recent fundraising effort, the goal was to reach a hard cap sum of 16,500 BNB (about $5 million) within a 90-day presale period.
In under twenty-four days, Battle Infinity was able to accomplish this objective. This is practically unheard of when one considers the present situation of the cryptocurrency market as a whole, which has been on a downward trend since Bitcoin reached an all-time high of around $69,000 in late year of 2021.
On August 18, 2022, once Battle Infinity had reached its hard cap amount, the IBAT token it had created was available for sale on the PancakeSwap market.
During the presale, the price of an IBAT token was set at $0.0015, and it was available for purchase. This indicates that the original investment of $1,000 would have produced a return of around 666,666 IBAT if the market had been stable.
Within the first day of trading, the price of IBAT dropped to slightly under $0.009 per token. Those who were fortunate enough to have invested during the IBAT presale have seen an increase of approximately 500% as a result of this.
Small market capitalization
Cryptocurrency investors with more experience will frequently attempt to target high-quality businesses that are still in their early stages of development. This is due to several factors, one of the most significant of which is the fact that newly launched projects often have a relatively modest market capitalization. Investing in a company during its initial public offering (IPO) campaign is comparable to this.
When it comes to Battle Infinity, as of the time of this writing, the project has a market value of slightly more than $37 million (fully diluted). When compared, other metaverse and peer-to-peer gaming initiatives in this arena, such as Axie Infinity and Decentraland, already have valuations in the billions of dollars. As a result, the ability of these established projects to see upward growth is going to be rather constrained.
Battle Infinity, on the other hand, provides a substantial potential profit at its current price, which will appeal to investors who are interested in targeting growth that is greater than normal.
Opportunity to take advantage of the Bear Market
This digital currency has not yet reached its full potential, even though IBAT has had a successful run thus far since the beginning of its pre-sale campaign. The general cryptocurrency markets have been in a bearish cycle since the middle of 2021, which is the overall reason for this particular phenomenon.
For example, the price of bitcoin dropped from its all-time high of approximately $69,000 in November 2021 to its all-time low of $19,000 in the three quarters that followed. Because of this, the rest of the cryptocurrency market eventually follows suit and experiences a decline.
On the other hand, the fact that higher valuations have been restrained implies that high-quality projects like Battle Infinity can be obtained at more attractive rates.
The idea behind this is that if and when Bitcoin and the larger cryptocurrency markets revive, it may be to IBAT’s advantage to continue growing in this direction. Being a contrarian in the market and investing in assets when their values are falling can frequently turn out to be profitable. This is a crucial point to keep in mind.
The use of cryptocurrency in gaming is at the front of an ongoing economic and digital revolution. At Lunar Sky Games, we are a team of gaming product consultants with over 10 years of expertise in the industry. We work in partnership with web3 companies to help them build and grow their products. We help turn your vision into a reality. Contact us now for a consultation.