The gaming platform Battle Infinity that hosts P2E games has listed its native token IBAT on Coin98
DEX, causing a notable surge in its price.
Battle Infinity is a recently launched gaming platform that allows players to enjoy a wide range of Play-to-Earn (P2E) games within its metaverse called ‘The Battle Arena’. Its native token IBAT, which powers the Battle Infinity’s ecosystem has been successfully listed on Coin98 crypto exchange. The news was made public via a recent tweet from Coin98’s official Twitter handle.
Can Battle Infinity overtake eSports giants?
Battle Infinity project has been launched with the intent to rival giant entities in the eSports arena, beginning with the Indian brands.
After having raised 16,500 BNB (worth $4.6 million at press time) from the market within just 25 days of its launch, Battle Infinity already has the attention of major eSports entities like Mobile Premier League and Dream11.
One of the biggest advantages of Battle Infinity is its flexibility. Being an emerging P2E ecosystem, it sits on the cutting edge of the gaming world’s constantly changing dynamics. Not just that, it is continuously and steadily gaining noteworthy traction. In fact, the experts have been comparing IBAT token to Axie Infinity’s AXS, for investment purposes.
More listings mean more price action
Coin98 is a rapidly growing decentralized exchange and DeFi solution that allows users to access a wide range of cross-chain swaps, trading pairs, staking opportunities and yield farming.
The more exchanges that a token lists on, the better it is for its price. Multiple listings cause the token to gain more attention in the market, resulting in more liquidity. Having said that, getting listed on prominent centralized exchanges is any day better as they provide more liquidity than decentralized platforms.
Even though DEX portals like Pancakeswap and Uniswap are widely popular today, the majority of liquidity still lies on large centralized platforms like Kraken, Coinbase and Binance. That’s the reason why the Battle Infinity team is focusing on listing IBAT on several exchange portals. As of writing, it’s only listed on LBANK and Coin98, which isn’t bad considering it hasn’t even been a month since its launch.
IBAT witnesses sharp surge
As soon as the news broke, bulls got into action and pushed the IBAT price from $0.0038 to $0.0050 on Sep. 4, 2022. It has since corrected under bearish pressure, with the token trading in the vicinity of $0.0039 at the time of writing.
Gamers, speculators, market experts and traders are all excited about products expected to soon launch in the Battle Infinity ecosystem. Investors are particularly looking forward to IBAT’s staking feature which will hopefully generate handsome yields for everyone.