Karate Combat plans to launch the Layer2 network UP and token UP based on Hedera next year
Karate Combat, a brand of Karate League, will launch a Hedera Layer2 network called UP in the first quarter of 2025. Karate Combat will enable the league to license its "Up Only Gaming" technology stack to other sports projects, leagues, and even Meme coins. The co-founder of Karate Combat stated that there are currently 20 to 30 projects that will be launched on the Layer 2 network that the company is about to launch. UP plans to launch a token next year, and a portion of its total supply will be allocated to a grant program aimed at helping early network builders. In addition, 30% of the total supply of UP tokens will be distributed back to KARATE token holders' wallets. The specifics of how this will work are still to be determined.
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