What is Battle Infinity?
Battle Infinity is a gaming platform that is based on blockchain technology and is designed to offer players a gaming experience that is secure, fair, and decentralized. By using blockchain technology, the platform creates an environment for gaming that is transparent and without the need for trust, where players can trade in-game assets and items, as well as receive rewards for their participation.
Battle Infinity provides a range of games that can be played by utilizing its own native token, BFI. Additionally, the platform allows for the use of non-fungible tokens (NFTs) as a means of representing in-game items. NFTs are one-of-a-kind digital assets that can be acquired, sold, and exchanged on the platform’s marketplace.
To validate transactions and safeguard the network, Battle Infinity integrates a proof-of-stake consensus mechanism that is intended to be more energy-efficient than traditional proof-of-work systems. The platform is scalable and can work in tandem with other blockchain networks through interoperability.
What is IBAT (battle infinity) Crypto？
IBAT is the native utility token of the Battle Infinity platform, which stands for Infinity Battle Access Token. The token is constructed on the Ethereum blockchain using the ERC-20 token standard.
IBAT token acts as a means of exchange on the Battle Infinity platform, enabling the purchase of in-game items, participation in games, and earning rewards for involvement in the platform’s ecosystem. Besides, IBAT tokens allow participation in the governance of the platform. Token holders can vote on proposals that shape the platform’s future direction.
One can obtain IBAT tokens by participating in games and activities on the platform or purchasing them on supported exchanges. IBAT is an ERC-20 token and can be stored in any wallet that supports Ethereum-based tokens, such as MetaMask, MyEtherWallet, and others.
IBAT Crypto Price
The highest price paid for Battle Infinity(IBAT) is $0.00554 , which was recorded on Aug 30, 2022. At the time of writing, IBAT market cap is 3,210,912. The current IBAT token price is $0.00092 per coin. The 24-hour trading volume for the coin is $176,918.
What are the Use Cases Of Battle Infinity？
- Decentralized gaming: Battle Infinity offers a decentralized gaming ecosystem that empowers players to possess their in-game assets and participate in games in a just and transparent way, eliminating the need for intermediaries like centralized servers or game publishers.
- Player-owned economies: Battle Infinity allows players to establish and govern their economies, where they can utilize the platform’s native token, IBAT, to buy, sell, and trade in-game items and assets.
- Secure and transparent transactions: Battle Infinity employs blockchain technology to deliver a secure and transparent gaming environment, ensuring that all transactions are recorded on the blockchain. Additionally, players can verify the history and ownership of in-game items.
- Non-fungible tokens (NFTs): Battle Infinity adopts non-fungible tokens (NFTs) to portray singular and valuable in-game items, available for purchase, sale, and exchange on the platform’s marketplace.
- Scalability and interoperability: Battle Infinity is intended to be scalable and interoperable with other blockchain networks, promoting the integration of new games and features on the platform.
How Does Battle Infinity Work？
- Players create an account: Players can set up an account on the Battle Infinity platform by linking their wallet to the platform. After creating an account, they can either purchase IBAT tokens or acquire them by taking part in the platform’s ecosystem.
- Players participate in games: Players engage in games on Battle Infinity that can be accessed by utilizing IBAT tokens. Certain games demand players to stake IBAT tokens to participate, while others can be played without any charge.
- In-game items and assets: In-game items and assets can be obtained by players by participating in games on the platform or purchasing them from the marketplace. These items are depicted as non-fungible tokens (NFTs) on the blockchain, and players can purchase, sell, and trade them on the platform’s marketplace.
- Rewards: Players can acquire rewards for their participation in the platform’s ecosystem, which involves playing games, staking IBAT tokens, and contributing to the governance of the platform.
- Governance: The governance of the platform is open to IBAT token holders, who can vote on proposals that concern the development and future direction of the platform.
- Decentralized and secure ecosystem: The Battle Infinity platform is engineered to be both secure and decentralized, utilizing smart contracts and blockchain technology to create a gaming environment that is transparent and devoid of trust issues.
What Problem Does Battle Infinity Solve?
- Centralization: Centralized gaming platforms give game publishers complete control over the games, in-game items, and economies, which can lead to unfair practices like pay-to-win models. This means players who spend more money on the game have an advantage over those who don’t. Battle Infinity’s decentralized gaming ecosystem eliminates intermediaries and allows players to own their in-game assets, ensuring fair and transparent participation in games.
- Lack of ownership: The absence of ownership: Traditional gaming platforms often lack the feature of player ownership, as in-game items and assets are stored on centralized servers and controlled by game publishers. This leads to challenges related to ownership, control, and potential loss of value. In contrast, Battle Infinity utilizes blockchain technology to enable players to own and control their in-game items and assets, which are represented as non-fungible tokens (NFTs) on the blockchain.
- Interoperability: Traditional gaming platforms often operate as closed ecosystems, meaning they are not interoperable with other platforms or networks. This may result in problems with liquidity and value transfer, as well as restrict the potential for collaboration and innovation. In contrast, Battle Infinity is designed to be scalable and interoperable with other blockchain networks, facilitating the integration of new games and features.
- Lack of transparency: Many traditional gaming platforms lack transparency in the creation and distribution of in-game items and assets, which can result in fraudulent activities and counterfeit items. Battle Infinity tackles this issue by utilizing blockchain technology, providing a transparent and secure gaming environment that records all transactions on the blockchain. This ensures that players can verify the ownership and history of in-game items, preventing fraudulent activities and ensuring a trustworthy gaming experience.
By offering a decentralized gaming ecosystem, Battle Infinity aims to transform the gaming industry and give control back to the players, as opposed to centralized game developers and publishers.