Karate Combat, the world's first full-contact karate league, gives away 50% of company to fans

  • Tom Ward
Bruno Souza will fight Edgars Skrivers in the main event of Karate Combat 36

Karate Combat, the world’s first full-contact karate league, is giving away 50% of the company to its fans – for free.

It claims to be “the largest fan giveaway in the history of sports.”

Brands like Chicago Bulls, Tampa Bay Buccaneers, Paris Saint-Germain and the UFC all use digital tokens to enhance their fan experience.

But Karate Combat is going a step further by giving digital token holders an equity stake in the company.

MMA News – Karate Combat gives away 50% of company to fans (for free)

Karate Combat bantamweight world champion Eoghan Chelmiah
Image credit: Ryan Loco

In December, the new ‘$KARATE’ digital token will be distributed for free to fans who have signed up to the waiting list.

Token holders will have a voice in key decisions such as fighter signings, matchmaking, event locations, partnerships and more. 

Fans can also win more free tokens by successfully predicting fight outcomes.

Tokens are fully owned by their holders and can be sold or traded on crypto exchanges at any time.

READ MORE: Lyoto Machida’s protege Bruno Souza to face former champion Edgars Skrivers at Karate Combat 36

Bruno Souza will fight Edgars Skrivers in the main event of Karate Combat 36
Bruno Souza will fight former lightweight champion Edgars Skrivers in the main event of Karate Combat 36

Karate Combat President Adam Kovacs said: “We created a global professional league for karate and our ground-breaking production standards have won plaudits around the world.

“We’ve been pioneers in everything we do and now we’re doing it again.

“We are absolutely certain that the DAO model is the future of professional sports and we’re taking a bold step in becoming the first global sports brand to fully adopt it.

“Our token giveaway in December will be the largest fan giveaway in the history of sports.

READ MORE: Karate Combat is carving out its own path in the crowded space of combat sports

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“We are literally handing out shares of ownership in a multi-million dollar company.

“Eventually half of the company will be owned by its own fans and fighters and I think that’s really exciting.

“The world is moving towards increased democracy and inclusiveness and I think the DAO model will play a central role in that.” 

Shayne Higdon, co-founder and CEO at The HBAR Foundation, added: “Karate Combat’s large and rapidly growing fanbase will bring a number of new users to the Hedera network, all of whom will benefit from the network’s fixed low cost transactions, real-time settlement, high standards of security and unrivaled sustainability.”

Good news, fight fans! Karate Combat 36: Souza vs Skrivers is free to watch on YouTube in the UK. For more information, visit the Karate Combat website at www.karate.com.

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