The 80% drop to 22,000 unique users playing Up Only at last weekend’s KC54 from 106,000 at KC53 on February 28 is concerning. Karate Combat: Dashboard
1 billion $Karate on Hedera was transferred from the assumed KC Treasury on February 28 for the Karate/Hbar Saucer Swap pool. This followed a similar path of 58.5 million $Karate on November 11, 2024 which seemed part of the passed Kick 11 regarding Hedera liquidity. Did this get expanded to 1 billion $Karate? https://gov.karate.com/t/passed-kick-11-support-community-efforts-of-improving-karate-liquidity-on-hedera/
Learning here recently about Up Only player SRIOON , that account has swapped over 600 million $Karate after this 1 billion $Karate transfer from the KC Treasury so I propose the DAO should discuss all these concurrent activities.
SRIOON received 1 billion tokens from KC Treasury affiliate 0.0.2328171 on September 13, 2024 to 5 separate accounts that then were combined at 0.0.7290898. This account started swapping out large amounts of $Karate on February 28 to 0.0.6071041 continuing through today that total over 600 million $karate.
The 1 billion $karate from KC Treasury was transferred from 0.0.2283226 to 0.0.2328171 to 0.0.4544591 to 0.0.7345061 to 0.0.6071041 on February 28th. Similar path from 0.0.2283226 to 0.0.7345061 to 0.0.6071041 on November 11, 2024 for the 58.5 million that appeared related to KICK 11.
If a founder or senior member of the team or influential investor is SRIOON at 0.0.7290898 then this seems like something that the DAO should be involved in on the KC Treasury side of things. I propose a discussion of potential rules on how to vote for such Treasury actions because if they are for supporting large $karate selling campaigns for individuals that have unique access to information and influence it can cause bigger issues for $karate when $UP is launched.
1 Like
Good points. Losing faith in KC, which seemed like a guaranteed success story for a while. OnlyLarping’s refusal to update tokenomics despite so many community requests, shows the league is not as community owned as advertised. Its actually centralised to the few who set it up and make the important decisions
The token has been dumping for as long as i can remember and nothing is being done to prevent it and protect early investors. Now shady stuff like this with Srioon
Is this the same David Aho (onlylarping)?
The two Jason names are both Colbeck Capital.
No KC feedback on the user drops or treasury activity?
@usualape you authored Kick 11, was this expanded to 1 billion $karate or what is it? Thank you.
1 Like
Hey all sorry for the delayed response––always make sure to tag me and I will get back to you.
Yes @hbarhappy from a cursory search 0.0.4544591 is a SaucerSwap-related pool that was seeded through Amplifi.
0.0.2328171 is an account owned by the Karate Combat trust for disbursing distributions safely and programmatically.
I checked my records for 0.0.7290898 and I don’t see them as having any SAFT-related disbursements.
1 Like
Tokenomics are going to change in a big way with UP. The longer you stake your $KARATE the more rewards you’ll receive. No more snapshot. I think this is the missing piece.
Currently, if you look at the price action, before every event, the price goes up dramatically before a snapshot and then falls down after the period closes. With staking, I think we should see the positive price action compound since you’re penalized for playing the snapshot period.
1 Like
The 80% drop is likely due to the inconsistency of events.
With the opening of the Bonk Stadium in Miami this summer we’ll have way more events––and more token gated experiences.
1 Like
Thank you. @usualape the account at 0.0.7290898 received its 1.1 Billion $Karate tokens from five different accounts a month after an original distribution from that very Karate account 0.0.2328171 on Sep 13, 2024 through 0.0.6449040, 0.0.6449148, 0.0.6449311, 0.0.6449368 and 0.0.6449390 . Do these five starting with 0.0.6449 all connect to a founder or key executive? Those would be the distributions to check your records for because 800 million $karate has now been sold from that one consolidating account since you put 1 billion $karate into the SaucerSwap-related pool a few months ago. Why did the DAO have a vote for Kick 11 about 60 million $karate but there was no vote for 1 billion into the same pool? The selling activity of an account like 0.0.7290898 that spreads and consolidates in such a way again looks bad because a previous instance on Ethereum turned out to be CEO Robert Bryan selling a similar amount and saying he was done until the staking change you mention starts. @usualape any clarification here would be a great help. Positive price action compounding would be sublime.