Karate Combat
KARATE
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
KARATE (Karate Combat) exhibits severe structural, operational, and market distress across all evaluated areas. The project has seen active development stall into maintenance mode, marked by a decline in event cadence, no verifiable code repositories or completed smart contract upgrades, and dormant governance participation. Although it has a large nominal base of over 439,000 holders, active participation is virtually nonexistent (3 active users in the past 30 days). Economically, KARATE faces substantial unlock overhang (~60.59% circulating with ongoing unlocks), an unexecuted deflationary roadmap, and severe market decay characterized by daily trading volume under $1,500, a market cap below $1.5M, and an unrecovered drawdown of over 99% from its all-time high. Governance and team integrity are weakened by vendor and staff payment disputes, offshore legal opacity, and central control despite DAO branding. On security, an audit initiated with CertiK in March 2023 remains permanently incomplete with zero completed audits on record, although the protocol utilizes Fireblocks for custody. No qualifying red-flag events triggered the administrative score cap, but ordinary performance across all dimensions yields a weighted score of 3.35/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Karate Combat (KARATE)
KARATE is the fan and governance token for Karate Combat, a full-contact combat sports league founded in 2018. Deployed on the Ethereum and Hedera blockchains, the token serves as a utility asset designed for league governance voting and participation in its "Up-Only" gaming and predictive application. The token possesses a hard-capped maximum supply of 110 billion units and secured institutional backing in 2023 from venture firms including Alpha Wave Global, BITKRAFT Ventures, Delphi, and HashKey Capital. In October 2024, the project announced "UP," a Layer 2 blockchain constructed on Hedera.
While Karate Combat uses Fireblocks for institutional-grade treasury and asset custody, its technical and security posture reflects unresolved gaps. A smart contract audit initiated with CertiK in March 2023 remains listed as in progress, leaving the project with zero completed third-party security audits on record. Furthermore, despite being branded as a decentralized autonomous organization (DAO) with over 439,000 holders, governance participation is near-dormant, with operational control and entity structures centralized across offshore jurisdictions in the Cayman Islands and Seychelles.
The project faces notable operational, legal, and market challenges. The operating entity has been involved in multiple lawsuits regarding unpaid staff and vendor invoices, alongside community contention regarding executive token compensation and unverified claims of insider token sales. Economically, KARATE suffers from a significant ongoing token unlock overhang, thin liquidity with daily trading volumes often under $1,500, and a catastrophic price drawdown exceeding 99% from its all-time high.