Karate Combat innovates with crypto integration

The league's $KARATE token allows fans to bet on matches through a "no-loss" format

Karate Combat, a fight league blending professional fighters, former UFC champions, and crypto influencers in high-paced matches, has grabbed attention with its unique approach.

Founded in 2018, the league has steadily gained momentum, highlighted by a recent bout between influencer Ben “BitBoy” Armstrong and More Light, the creator of meme coin HarryPotterObamaSonic10Inu.

The league's innovation lies in its use of crypto, specifically the $KARATE token, enabling fans to bet on matches through a “no-loss” format dubbed “Up Only Gaming.” This model, pioneered by Karate Combat, aims to sidestep the hefty initial costs associated with launching a sports league.

Instead of traditional gambling, where losses occur, users either win $KARATE tokens from a fixed prize pool or experience no change if their prediction is incorrect.

There are several avenues available for acquiring $KARATE tokens. Interested individuals can purchase $KARATE on various exchanges like ByBit, Gate.io, Bitfinex, Kucoin, and others, and subsequently access them through the Karate Combat app.

Alternatively, they can participate in the voting process for upcoming Karate Combat events. If their chosen fighter emerges victorious, participants automatically receive $KARATE tokens.

Additionally, individuals can stay updated on Karate Combat's social media channels to learn about regular contests and campaigns, potentially offering claim codes for $KARATE tokens.

Initially resembling UFC but without grappling, Karate Combat's fights feature referees intervening when fighters hit the ground, ensuring fast-paced action with frequent knockouts. The league's exotic locations and commitment to free streaming contribute to its appeal, supported financially by sponsorships and host city fees.

The integration of crypto stemmed from the concept of Up Only Gaming, conceived by founders Robert Bryan and Onlylarping, who acquired the league with a vision for the future of sports. Onlylarping, immersed in the crypto world since 2014, saw the potential to merge Up Only Gaming with sports betting through cryptocurrency.

Karate Combat's transition into a decentralized autonomous organization (DAO) further underscores its commitment to community involvement. Token holders participate in decision-making processes, adding an interactive layer to the league's governance.

Despite recent exposure coinciding with crypto market recoveries and notable fighters joining, Karate Combat's journey has been characterized by steady progress rather than overnight success. Onlylarping attributes this growth to years of dedicated effort and a clear vision, emphasizing the league's resilience amidst challenges.

Looking for your next crypto casino? Check out Mega Dice or FortuneJack!

Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.

Similar News