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
Author
Alan Draper
Clickout Media LTD
Based in the United Kingdom, Business 2 Community editor Alan is part of the team that’s responsible for ensuring all the content on our site is accurate, relevant and up-to-date.
