Karate Combat is an emerging fight league that deals with crypto tokens. UFC broadcaster and host of Joe Rogan Experience gave a shout out to the league, saying it’s a very unique idea.
Karakte Combat allows members to use crypto tokens as fan currency to vote on their 100 plus contracted fighters. The web 3 tokens-based Karate Combat is built on Hedera.
Talking about Karate Combat, Joe Rogan said that he really likes the idea of a token that is attached to an organization. “That makes me excited about crypto tokens,” he added.
The league allows Krate token holders to boost their favorite fighter’s potential bonus pool and earn additional tokens at no risk. Karakte Combat claims these tokens differ from sports betting because there is no loser on a bet or wager.
You either vote correctly and win tokens or you just don’t receive tokens. They call is “no loss gaming”
Rogan praised the idea of giving 10% of the pool to the fighter. “If UFC implements this idea at some point, I think it’d be very successful,” Joe Rogan said on his podcast. The league rewards fighters directly proportionately to the amount of betting.
Under the DAO structure, token holders also determine the league’s budget, resource allocation, supplier selection, marketing strategy, rule changes and – within boundaries set by the league’s fight operations group – fighter contracts and fight match-up selections.
The crypto-driven sports league has television broadcast distribution in more than 100 countries through partnerships with leading media properties including CBS Sports, Globo, Eurosport, BeIN Sports and ESPN Deportes.
Tether Holdings is preparing for one of its biggest funding rounds, with two global investors…
Kraken raised $500 million, increasing its valuation to $15 billion, setting the stage for a…
Crypto exchange Bybit has announced its listing of Ripple's RLUSD amid the stablecoin's growing adoption.…
The world's largest interbank messaging network SWIFT has selected Ethereum layer 2 platform Linea to…
The August U.S. PCE inflation data has dropped in line with expectations, although it suggests…
Asset manager Vanguard, with $10 trillion in assets under management (AuM), is planning to offer…