Summary
TLDR: Karate Combat is a fighting league with professional fighters, former UFC champions, and crypto influencers facing off in fast-paced fights with minimal rules. Over 40,000 users bet on the matches using no-loss gambling and KARATE tokens. The league integrates crypto to build a loyal fan base and reduce costs, operating as a decentralized autonomous organization. The founders believe their demographic is more interested in sports when they can bet on them.
Key Points
1. Karate Combat features professional fighters, former UFC champions, and crypto influencers in fast-paced fights with minimal rules, attracting over 40,000 users who bet on the outcomes.
2. The league, in operation since 2018, gained significant attention in the past year, culminating in a high-profile fight between influencer Ben “BitBoy” Armstrong and More Light, the founder of meme coin HarryPotterObamaSonic10Inu.
3. Karate Combat’s integration of no-loss gambling, known as “Up Only Gaming,” utilizes crypto to engage fans and build a loyal audience, following a model similar to DeFi yield farms for cost-effective growth.