Rumor: Joe Rogan praises cryptocurrency-driven battle league
Karate Combat is an emerging fighting league that trades crypto tokens. UFC spokesman and host of Joe Rogan Experience offered praise for the league, saying it was a very unique idea.
Karate Combat allows members to use crypto tokens as fan currency to vote on their 100+ contracted fighters. Karate Combat, which is based on Web 3 tokens, was built on Hedera.
Rogan excited about application
Joe Rogan thinks it's a great idea Joe Rogan commented on Karate Combat, saying he likes the idea of a token tied to an organization. “It makes me excited about crypto tokens,” he added.
The league allows Krate Token holders to increase the potential bonus pool of their favorite fighter and earn additional tokens without risk. Karate Combat claims that these tokens are different from sports betting, as there is no loser in a bet or wager.
You either vote correctly and win tokens, or you just don't get any tokens. They call it “no-loss gaming.”
Rogan believes UFC could do this successfully Rogan praised the idea of giving 10% of the pool to the fighter. “If the UFC implements this idea at some point, I think it would be very successful,” Joe Rogan said on his podcast. The league rewards fighters directly proportional to the amount of bets.
Budget determination by token holder
Under the DAO structure, token holders also determine the league's budget, resource allocation, vendor selection, marketing strategy, rule changes, and, within the limits set by the league's fight operations group, fighter contracts and fight pairing selections.
The cryptocurrency-driven sports league has television broadcast distribution in more than 100 countries through partnerships with leading media companies such as CBS Sports, Globo, Eurosport, BeIN Sports and ESPN Deportes.