Battle Infinity IBAT price up 446%, and now the Play-to-Earn metaverse games platform has announced it will be listing on LBank exchange within the week, further adding to buying pressure.
A Twitter post relayed the news to an excited community of buyers which was already celebrating gains of as much as 700% since the IBAT token listed on the decentralised exchange, Panacakeswap, where you can buy the token now.
The news even more remarkable because Battle Infinity’s IBAT only listed on Pancakeswap two days ago, on Wednesday 17th. We reported earlier today that a centralised exchange listing was reported to be “coming in days”, but it turned out to be today!
Battle Infinity is based in India, the home of Polygon and the MATIC token. It is a country of renowned software engineering expertise and has a huge and growing tech savvy population – including a highly aspirational middle class interested and engaged in crypto to varying degrees.
The project has received widespread coverage in the Indian media, from press to national TV and across the web, including trending in the top 10 on India Twitter.
LBank is currently listed by Coinmarketcap as the 18th largest exchange with 24-hour trading volume of more than $1 billion.
Listings on data sites Coinmarketcap and Coingecko will be following along soon according to the Battle Infinity team.
This first centralised exchange (CEX) is likely to be only the first of many more CEX listings as the stellar reception of the project by the crypto community converts more loyal holders of the coin. There are currently already more than 7,290 token holders.
Battle Infinity’s presale saw it raise 16,530 BNB in the space of 25 days and the buying pressure has continued since the initial decentralised exchange offering.
A glitzy launch party was held to mark the launch of the token on Wednesday in New Delhi at an event attended by celebrities.
Former Miss Universe beauty queen and now Bollywood actress, Urvashi Rautela, was in attendance at the party. So too was cricketing legend Irfan Pathan.
IBAT was priced at $0.0015 in its presale and is currently trading on Pancakeswap at $0.0082, which equates to a 446% gain for those who bought early.
The project’s Telegram group has 28,700 members, so will soon hit 30k and there are 22,000 followers over at its fas-growing Twitter account.
As more market participants research the market for the next coins to explode in value, Battle Infinity is certainly getting positive attention.
Indeed, Battle Infinity’s price performance today is in stark contrast to the rest of the market, where bellwether asset bitcoin has led the falls across the piece, dropping 8.5% over the past 24 hours.
Battle Infinity is already being spoken of as the next Axie Infinity, but hopes to have learnt from Axie’s mistakes by emphasising engaging gameplay and P2E dynamics that are not dependent on speculation around the in-game token and token inflation.
In comments made earlier in the week founder Suresh Joshi said: “Look out for more surprise announcements over the coming hours and days, because interest in Battle Infinity is soaring right now, and everyone wants to get in on the action, including some of India’s biggest celebrities.
“The Indian and worldwide interest and feedback we have been getting from people right across the spectrum, be they tech entrepreneurs or cricket-mad sports fans, has bowled me over – see what I did there!
“In all seriousness, our IBAT Premier League platform will cater for all sports, so if football is your thing or it’s the basketball hoops that gets you going, there will be a place for your passion in our Battle Arena metaverse.
“First things first though – we are targeting the rollout of our Battle Swap and Battle Stake products right now, so it won’t be too long before IBAT holders will be able to get involved in putting their tokens to work, and to start playing!”
LBank is a centralised exchange so all you will need to do to buy the token is fund your account and buy with USDT (Tether).
Unlike the Pancakeswap exchange where there is a tax on sales of 12%, there are no taxes whatsoever for trades on LBank.
LBank is a fast-growing Hong Kong-based exchange boasting best-in-class trading execution and educational resources.
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This article was written for Business 2 Community by Gary McFarlane.
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Gary is an experienced financial analyst who has worked at some of the leading online finance publications providing his expert knowledge on cryptocurrency. Gary spent 15 years as production editor for UK investment magazine Money Observer, covering subjects ranging from social trading to fixed income exchange-traded funds. Gary introduced coverage …
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