Battle Infinity is set to launch its decentralized exchange (DEX) on November 16. For interested investors, here’s what you would want to know:
Battle Swap Set for Launch
Earlier this week, the developers of the Battle Infinity blockchain game confirmed that they would be launching Battle Swap, a decentralized exchange that is supposed to be part of the entire gaming ecosystem.
Battle Swap will be a full-fledged DEX, allowing users to send and receive coins without trusting a centralized exchange. The platform will be open to all community members and additional users who want to operate it.
According to sources, Battle Swap will launch with support for five digital assets. These are Battle Infinity (IBAT), USD Coin (USDC), Binance Coin (BNB), PancakeSwap (CAKE), and the Binance Dollar (BUSD). There is no word about what assets they plan to list down the line, although it is quite evident that they have additional plans to list more coins going forward.
What is Battle Infinity?
Battle Infinity is a blockchain gaming service that is receiving a lot of attention. The game creates a secure environment for gamers and sports lovers to make money by combining fantasy sports with non-fungible tokens (NFTs) and the metaverse.
The primary offering for Battle Infinity is the IBAT Premier League. Players can purchase NFTs representing their favorite athletes and build teams with them. They can use these teams to battle those of other players, win more games and top the season.
Like other fantasy sports games, the IBAT Premier League awards points to players and teams based on the performances of the real-world athletes they hold. The team with the highest points is declared the league’s winner at the end of the season. And the player associated with that team is given IBAT tokens as a reward.
IBAT, the native token, is a reward system and a medium for purchasing NFTs within the game. The crypto asset can also be staked, with holders earning up to 25% rewards annually as they stake the asset in the gaming protocol.
IBAT Launches on New CEX
At press time, IBAT trades at $0.002538, a downtrend of 0.88% in the past 24 hours.
Over the past few weeks, Battle Infinity’s developers have been working significantly to improve the utility of the IBAT token. Besides the launch of staking for IBAT, they confirmed last week that the digital asset had launched on MEXC, one of the largest centralized exchanges in the world.
The MEXC listing is one of the most significant developments coming to IBAT. MEXC is one of the largest exchanges in the market, with over 10 million customers and over $1 billion in trading volumes. By listing on the platform, IBAT is expected to see a massive influx of investor demand and liquidity.