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

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.

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

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

“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

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