Karate Combat(KARATE) Startup Free Offering on Gate.io

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