Generalize
Information
Karate (KARATE) is the first token to govern and gamify a real-world professional sports league. 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, 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 top sports networks and simultaneous streaming on various platforms. It employs top karate fighters and has a unique ruleset that creates a fast-paced and differentiated product. Each event is filmed in front of live-rendered 3D CGI environments, and the league's assets were transferred to an ownerless foundation in 2022 to enable web3 governance and gamification. The primary initial utility for the KARATE token is to play Up Only Gaming, a no-loss game built on smart contracts. The league has embraced a web3 open ecosystem strategy and intends to utilize transparent public ledger technology.
Information
What Is Karate Combat (KARATE) Crypto?
Karate Combat is the world's premier full-contact striking league that combines the excitement of live-action, full-contact Karate with immersive CGI environments. It is powered by the Epic Games Unreal gaming and virtual production engine.
The league features Olympic medalists, national champions, and elite karatekas from around the world. The matches in Karate Combat involve karatekas competing multiple times in a single season. The ultimate goal is to win enough fights to challenge the champion for a belt and become a world champion.
The KARATE token serves as the token economy of Karate Combat, and it is managed and gamified by a KarateDAO. The token provides users with the ability to play a game called Up Only Gaming and participate in real league management. Users can earn more KARATE tokens by selecting their favorite fighters, and the more KARATE tokens a user holds, the higher their chances of winning.
KARATE Coin actively supports and is used by the Karate Combat league and its growing community. It serves as a tool for managing the league and supporting users' favorite fighters, as well as for playing games within the Karate Combat ecosystem.
How Does Karate Combat Work?
Karate Combat is a brand that promotes the first professional, full-contact karate league, which has been hosting worldwide events since April 2018. It aims to showcase the dynamic and skillful techniques of Karate in a competitive and entertaining format.
The Karate Combat league organizes events where karatekas compete in multiple fights during a single season. The goal for competitors is to win enough fights to challenge the champion for a belt and become a world champion.
Karate Combat's unique feature is the use of immersive CGI environments, which enhance the visual experience for viewers. These environments are created using the Unreal gaming and virtual production engine, adding a dynamic and captivating element to the matches.
The matches emphasize full-contact striking, with participants utilizing various striking techniques, defensive blocks, and footwork characteristics of karate. The platform leverages the Epic Games Unreal gaming and virtual production engine to offer immersive CGI environments combined with the excitement of live-action, full-combat Karate.
History of Karate Combat and KARATE Token
Karate Combat is a brand that promotes the first professional, full-contact karate league, which has been hosting worldwide events since April 2018. The company is headquartered in New York and was founded by Michael DePietro and Robert Bryan.
In 2022, Karate Combat transferred all of its assets from its crypto-native founders to a decentralized mechanism powered by the KarateDAO. This move was aimed at facilitating web3-powered governance and gamification within the Karate Combat ecosystem.
In April 2023, Karate Combat secured $18 million in funding from BITKRAFT Ventures and other investors. This was followed by the launch of the KARATE token in May 2023. The token was listed on BYDFi in the same month.
Answers
Is Karate Combat a Good Investment?
Investing in Karate Combat could be a viable option for the long term. With its establishment in 2018 and growing popularity among users, the Karate Combat league has gained significant traction. Moreover, the integration of mixed reality and XR technologies, such as immersive CGI environments powered by Unreal Engine, has enhanced the fan experience and engagement during live events. Additionally, the Karate Combat platform's user base is expected to expand, which could potentially strengthen the value of the KARATE token. Furthermore, future upgrades, partnerships, and investments may positively impact the KARATE to USD price in the market.
What Is Karate Combat Price Prediction?
The price of Karate Combat (KARATE) is influenced by various factors, similar to most cryptocurrencies. While offering an accurate KARATE crypto price prediction is impossible, it is essential to consider the following factors to understand the price action of this cryptocurrency:
Market Demand for $KARATE
The trading volume and demand significantly impact the price of $KARATE. Higher trading activity supports the price, while lower trading volume or decreased interest may exert downward pressure on the price.
Future Developments in KC Universe
News and updates related to the Karate Combat project, such as partnerships, technological advancements, or significant features, can influence the price of the KARATE token. Positive developments may generate enthusiasm and attract investors, potentially leading to an increase in value.
Crypto Market Sentiment
The overall sentiment and perception of Karate Combat within the cryptocurrency community can impact its price. Positive news, partnerships, or project-related developments may generate increased interest and demand, potentially driving the price up.
What Is KARATE Token Used For?
The $KARATE token serves as the utility token for the Karate Combat platform, empowering the KC Universe. Here are its main use cases:
Governance of Karate Combat Via KarateDAO
KARATE token holders have governance rights within the Karate Combat league. They can vote on engaging decisions, such as upcoming fighter matches.
Participation in Karate Combat
Participating in the league and backing players requires $KARATE. Predicting the winning player provides an opportunity to multiply token holdings and climb the Karate Combat leaderboards.
Open IP Licensing
The Karate Combat league is developing KC Universe, an inclusive ecosystem built upon the league's intellectual property and smart contract-based application, Up Only Gaming. Utilize the league's accommodating IP policies to create unique visions atop Karate Combat, further enhancing the utility of the $KARATE token.
Access Exclusive Experiences
$KARATE holders can unlock unparalleled access to real-world events, token-restricted servers, honors, leaderboards, boasting rights, merchandise, and more. Karate Combat offers exclusive experiences to token holders on the platform.
Trade or HODL KARATE Token
Trade the Karate Combat token against other digital assets to capitalize on market fluctuations. Buy or sell KARATE on the BYDFi Spot Market or hold it long-term if you believe in the future potential of the Karate Combat league. Please note that the cryptocurrency market can be highly volatile and unpredictable, so it is essential to do your own research (DYOR) before engaging in any trades.
How to Participate in Karate Combat
To participate in the Karate Combat league and earn $KARATE tokens, follow these steps:
1. Download the Karate Combat app on your smartphone or access it on the web.
2. Connect your wallet to the app. Ensure that your wallet is funded with tokens by purchasing KARATE on BYDFi or other supported platforms and transferring them to your wallet.
3. Vote on fighters in upcoming matches. If your selected fighter wins, you can earn $KARATE tokens.
4. Support your favorite fighters' potential prize pools to boost your earnings.
Who Are Karate Combats Investors?
Karate Combat has received funding from several renowned businesses, including BITKRAFT Ventures, Alpha Wave, Hashkey Capital, Delphi Ventures, Blockchain Coinvestors, Santiago R Santos, Orchard Street Capital, and Gate.io. For a more comprehensive list of Karate Combat investors, you can refer to this link.
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