Announcements Gate.io Startup Initial Free Offering: Karate Combat (KARATE) and Announcement of Free Distribution Rules (41,248,454 KARATE free of charge)

Gate.io Startup Initial Free Offering: Karate Combat (KARATE) and Announcement of Free Distribution Rules (41,248,454 KARATE free of charge)

2023-05-10 12:03:09 UTC 24659 Read

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About Gate.io Startup Free Airdrop Program 
In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program". Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.
 
Gate.io Startup will launch its next project, Karate Combat (KARATE), on May 11th, 2023 at 09:00 AM (UTC).
 
Startup Link: https://www.gate.io/startup
  
**Introduction to Karate Combat (KARATE)：**
The league, which was 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. Karate Combat’s assets were recently transferred in full to an ownerless foundation to enable the KarateDAO to facilitate web3 governance and gamification.  
Beyond real governance of the league, the primary initial utility for the KARATE token is to play Up Only Gaming.  Players pick their favorite fighters for the chance to earn more tokens with no risk of loss. The more $KARATE tokens a player has, the more they can win. Over time active players and winning fighters slowly dilute inactive fans.

The league has televised distribution on many of the world’s top sports networks including Eurosport, Globo’s Canal Combate, BeIN Sports, CBS Sports and ESPN Deportes. The league’s events are simultaneously streamed for free on the league’s own site, Karate.com, as well as Youtube, TikTok, Twitter, Facebook and Kick.

Each of the league’s events is filmed in front of live-rendered 3D CGI environments using a combination of technologies called In-camera VFX and Extended Reality. The league is the only professional sport filmed in front of live rendered 3D graphics. The end product is a viral, live version of Mortal Kombat.
To date most fan tokens and sports NFT projects have relied on token-gated experiences to drive utility. This is table stakes, and with the entire league governed by the token, Karate Combat can do it 10x better.

(The information below is provided by the Karate Combat team. Please follow the website for more information）
 
Token Information
Token name: Karate
Token symbol: KARATE
Max Supply:110,000,000,000 KARATE
Token Type: ERC-20 & HTS
Token Contract: 
Ethereum - 0x80008BCD713c38AF90a9930288D446bc3bD2E684
Hedera - 0.0.2283230

Token Distribution and Unlocked Rules:
Founding Team: 37.9%
cliff for 1 year，36  months of vesting 
KC Contributors: 6.8%
cliff for 1 year，36  months of vesting 
League Investors: 2.2%
cliff for 1 year，36  months of vesting 
Fans & Advisors: 1.8%
cliff for 1 year，36  months of vesting 
KC Athletes: 0.5%
cliff for 1 year，36 months of vesting 
Angel SAFT: 0.8%
cliff for 1 year，36  months of vesting 
Pre-launch SAFT: 30%
cliff for 1 year，36 months of vesting 
Daomaker & Activations: 4.3%
33% release on TGE，cliff 5months，19 vesting 
Treasury 15.7%
Vesting on condition

Website: www.karate.com/  
Whitepaper: https://www.karate.com/whitepaper 
Token Information: 
https://etherscan.io/token/0x80008BCD713c38AF90a9930288D446bc3bD2E684
https://hashscan.io/mainnet/contract/0.0.2283240 
 
**Karate Combat (KARATE) Startup Sale Rules**
(1) Duration:  09:00 AM on May 11th - 09:00 AM on May 12th (UTC), 2023 Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Sale, VIP 0 users need to hold a minimum of 500 USD worth of assets, and will be offered the contribution share at 1/4 of VIP 1 users’ share; For VIP 1 and above, the higher the VIP level the higher the contribution share will be.
(3) Price: $0; Startup Supply: 41,248,454 KARATE
(4) Purchase limit: The maximum subscription limit is 1500 shares; the detailed Startup subscription details can be found at: https://www.gate.io/article/29892
That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.
(5) Unlocking Rule: Unlock
(6) Users can place orders from 09:00 AM on May 11th-09:00 AM on May 12th (UTC), 2023.Orders placed by qualified users within these 24 hours will be treated equally.
(7) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
(8) Each type of currency can only be purchased once with each KYC account.
(9) After 09:00 AM on May 12th (UTC), 2023, we will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total.
(10) Trading starts time: 12:00 PM on May 12th (UTC), 2023
 
**Gate.io Labs Investment Participating Disclosure**
Gate.io Labs invested in Karate Combat

**Attention**
(1) Countries not supported: USA, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia.
For users from other countries, please check and make sure your participation in the token sale on Startup complies with local laws and regulations.
(2) Risk Warning:
-The project team does not guarantee that the token price will not be lower than its startup sale price. Please invest with caution, and don't invest beyond your financial capacity.
-The start-up project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute to significant risks.
-Advanced technical and financial knowledge is required to understand, and evaluate the inherent risks of crypto-asset investment.
-The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and marketing factors.
-Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.io.
(3) Requirements for participants
-The participant should register on Gate.io and Log in;
-After logging in, complete user identity verification;
-Deposit a certain amount of cryptocurrencies in your gate.io account;
-Sign the Purchase Agreement on Startup before placing orders.

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Gate.io Team
May 10th, 2023

Gate.io Startup Initial Free Offering: Karate Combat (KARATE) and Announcement of Free Distribution Rules (41,248,454 KARATE free of charge)

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