Karate Combat is a rapidly growing professional full-contact combat sport with 4.6 million followers, 100-200 million organic views per month and approximately 100 exclusive professional athletes.
The league, which was founded by tech and crypto entrepreneurs, targets a young, international demographic through cross-platform distribution, fast stand-up fights, and 3D CGI backgrounds rendered in Unreal Engine.
The league has televised distribution on many of the world’s top sports networks including Eurosport, Globo’s Canal Combate, BeIN Sports, CBS Sports and ESPN Deportes. The league’s events are simultaneously streamed for free on the league’s own site, Karate.com, as well as Youtube, TikTok, Twitter, Facebook and Kick.
The league employs some of the top karate fighters of all-time and has been built on top of the massive karate brand and lore, but its unique ruleset creates a brand new sport designed to entertain with a fast-paced and differentiated product.
The UFC (and its copycats) are dominated by jiu jitsu, a sport based on grappling, ground fighting and submission holds. In contrast, Karate Combat’s unique ruleset facilitates a stand-up, striking-based fight event with winners decided by punches, kicks and throws. Fighters are limited to no more than five seconds of ground and pound on the pit floor.
Each of the league’s events is filmed in front of live-rendered 3D CGI environments using a combination of technologies called In-camera VFX and Extended Reality. The league is the only professional sport filmed in front of live rendered 3D graphics. The end product is a viral, live version of Mortal Kombat.
Karate Combat’s assets were transferred in full in 2022 by its crypto-native founders to an ownerless foundation to enable the KarateDAO to facilitate web3 governance and gamification. The new structure enables a web3 game tailored exactly to the habits and interests of sports fans.
Beyond real governance of the league, the primary initial utility for the KARATE token is to play Up Only Gaming. Up Only Gaming is a no-loss game built on smart contracts. When sports fans have a wager on an event, even a small one, engagement is an order of magnitude higher. However, the reality is that most people inevitably stop betting on sports because they lose their money.
The innovative Up Only Gaming mobile and webapps allow token holders to frictionlessly pick their favorite fighters for the chance to earn more tokens with no risk of loss. For 48 hours before each event, token holders can vote for fighters using off-chain signed messages. Players can allocate all of their votes to 1 fight or split votes up amongst multiple fights. The more $KARATE tokens a player has, the more they can win. Players who vote for losing fighters retain their $KARATE tokens to play again next time. Over time active players and winning fighters slowly dilute inactive fans.
The league has also fully embraced a web3 open ecosystem go-to-market strategy by way of an incredibly permissive IP license, initially in the categories of NFTs & video games. The league will also be open sourcing its smart contracts and front ends, to foster a vibrant ecosystem of applications built on top of the Up Only Gaming primitives.
To date most fan tokens and sports NFT projects have relied on token-gated experiences to drive utility. This is table stakes, and with the entire league governed by the token, Karate Combat can do it 10x better. Karate Combat believes that a transparent public ledger is the perfect technology to enable a shared feeling of ownership of a cultural asset like a sports property and intends to utilize it in full.
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Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing KARATE.
Step 5: Purchase KARATE
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of KARATE you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy KARATE.
Step 6: Store Your KARATE
After purchasing, you can choose to store your KARATE in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and KARATE assets, be sure to use a strong password and enable two-factor authentication.
KARATE Price:Karate Combat is the world's premier full-contact combat league, combining the excitement of live full-contact karate with immersive CGI environments supported by Epic Games' Unreal gaming and virtual production engine.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
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