One of the latest crypto presales, early investors have bought 850 BNB of IBAT, the native token of upcoming metaverse game Battle Infinity.
At the current Binance Coin (BNB) price of $249 that’s equivalent to just over $211,000 in USD terms, a strong level of buying interest during the current bear market. The IBAT presale started in mid July and has 85 days remaining of its 90 day presale period.
New Metaverse Presale
Battle Infinity is aiming to replicate the early success of other metaverse game platforms such as Axie Infinity, Decentraland and The Sandbox and also avoid some of the pitfalls and later price corrections those projects faced – by offering a wider range of gameplay experiences.
With its tagline ‘Enter the Multiverse of Metaverse’, Battle Infinity will cover multiple battle royale action style gaming formats, with a diverse range of themes and landscapes, ranging from future technology to fantasy sports.
The IBAT token will also implement an anti-dump mechanism to prevent whale manipulation – which can effect some low market cap crypto projects – according to the whitepaper on battleinfinity.io. After launch IBAT will be listed on PancakeSwap exchange.
Within its metaverse and all Battle Arenas will also be an integrated NFT marketplace, the Battle Market, where players can trade all in-game assets which are tokenized as NFTs (non-fungible tokens) with real world value, unlike in standard video games.
Similar to popular play to earn games like DeFi Kingdoms, the Battle Infinity ecosystem will also include a DEX (decentralized exchange) to convert IBAT coins – the rewards gamers earn while competing, for example based on their position in the fantasy sports leagues – into any other currencies.
To take part in the Battle Infinity presale which ends October 10th – or when its hard cap of 16,500 BNB is hit – users need to first buy Binance Coin then set up a MetaMask wallet to hold that BNB.
Then visit the Battle Infinity presale dashboard where that wallet can be connected to buy IBAT – the minimum purchase is 0.1 BNB and the maximum 500 BNB. Purchases are instant over the Binance Smart Chain (BSC).
BNB can be swapped for IBAT at a rate of 1 BNB = 166,666.66 IBAT which translates to a presale IBAT price of $0.0015. So far 5% of the presale allocation has been sold out, at a rate of 1% per day.
A Telegram group has been set up with 1,700 members for questions from early investors.
The official Battle Infinity Twitter also recently shared the Github link to their smart contract audit by Solid Proof. That auditing process increases the amount of crypto exchanges a new crypto project can be listed on and the Battle Infinity team will pursue CEX listings after launch, alongside PancakeSwap DEX. The IBAT presale was also KYC verified by CoinSniper.