Battle Infinity price pumps +700% To $0.01 on launch
|Battle Infinity (IBAT) had a successful IDO on PancakeSwap pumping to just above $0.011 after a listing price of $0.0024.
The IBAT token presale price was approximately $0.0015 based on an exchange rate of 1 BNB = 166,666.66 IBAT, and that presale sold out in just 24 days, hitting its hard cap of 16,500 BNB early ($5.2 million) - one of the fastest crypto presales to sell out in 2022.
IBAT Price Pumps +700%
Measured from $0.0015 to $0.011 that’s a 7.3x gain - there is a spread however factoring in the 12% transaction tax and slippage (shown in blue on the IBAT price chart on PooCoin above).
Relative to the $0.0024 listing price for day one buyers, IBAT gained around 4.5x before tax.
The IBAT transaction tax can be lowered according to the whitepaper at battleinfinity.io in order to facilitate CEX listings.
Battle Infinity has only been trading for a few hours at the time of writing but its high percentage gains so far make its day one launch a success and IBAT is potentially one of the most promising cryptocurrencies to begin trading this year.
The Battle Infinity team also announced on the official Telegram announcement channel that liquidity has been locked for one year, which will help the price grow.
The IBAT Telegram chat group has now risen to over 25,000 members, gaining almost 3,000 members in the past 24 hours.
After PancakeSwap the Battle Infinity project is reportedly applying for more listings on centralized crypto exchanges, including talks with LBank exchange and others.
At press time the IBAT price is trading at around $0.005 after a correction to around the 0.618 Fib before bouncing.
Battle Infinity’s performance at launch was doubly impressive considering the Bitcoin price dropped several percent just before and during the start of trading.
To buy IBAT traders will need Binance Coin (BNB) and a MetaMask or Trust Wallet.
This article is sponsored by FINIXIO
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.