Proposed KICK - Require Token Holders Approval for New $Karate Token Awards to CEO Robert Bryan if Considered in the Future

General
,
1

BACKGROUND

It appears Karate Combat CEO and Co-Founder Robert Bryan has sold over 800 million $Karate Tokens during the past 5 months spread across 12 Ethereum accounts. This proposal would not affect any additional tokens that he has previously been granted and is set to receive in future unlocks. This proposal only concerns new potential contracts for $Karate.

FACT 1, the twelve accounts below are all FUNDED BY the same specific address when viewed in Etherscan. They also claimed unlocks within a 2 hour period on July 23rd with no other activity by other addresses in the days before or after. They are connected.

0xA818982f821e4820198C565E4E9E2FA9d4Ea3824
0x51bBA5cF7208Fa0ebaC0eB33E099569BB5Cf74ae
0x155EAa1becabFCDFa7726ac515aF2aBcCC5a4409
0x747F419CBC432e43ec4dadC7EAF983b2c60Bb9b8
0xE7b3C068B25927A1976Cc8C98d005532c91E1403
0x4BD5a6642D0F7E132CC4bB22151f8e688E78e412
0x9E5c8CeE2e62e1C48d4c4392CC20D35a4F09f903
0x3A0853170d5a150D0746A1e17b2cC5D6Ac5AEa88
0xE678eBB90B5873e17fCa805Bb7a0d1C5dcEa502D
0x43BdD8FCC24961fa88A5Bd09E82bb54306897675
0xA4504e605d8Bcc116be65368c88a78B4501e665E
0x1a2327461ebCa12e24D163CA261012336D92BCF6

FACT 2, from July 30th until today December 20th even when $Karate is near an all time low $Karate has been swapped and sold out for ETH or USDT that originated from all 12 accounts above after passing through

0x93d40068e5624be2b73CbeD72FbA2Ef2a30806AF

These 12 addresses now have near zero $Karate holdings.
Fully unlocked they would total 2.98 Billion $Karate combined.

FACT 3, ten of the twelve connected addresses listed above have played Up Only Gaming for large winnings. Two of those account names in the standings are RJBIII and ROBERTO III. A third account named PiKEBeatsPeopleUp sent 14 million $Karate to an address linked with leodavila.eth . Leo Davila has been previously listed online as a Karate Combat Event Manager. So the accounts are connected to Karate Combat and the account names RJB and ROBERTO III imply Robert Bryan. Account names are confirmed by looking at prize pool awards to addresses and then checking accounts on the season rankings that have corresponding award information.

Based on these facts I think these 12 accounts belong to Co-Founder and CEO Robert Bryan rather than another common holder of 2.98 billion $Karate that happens to send tokens to a Karate Combat Event Manager and also uses account names when playing Up Only Gaming that would imply they are from Robert Bryan.

Of course the CEO co-founder has the right to be a massive seller of tokens at any low price but it is not great for long term $Karate holders. This proposal is to simply ensure that any future new contracts in which the DAO Sensei Foundation Karate Combat wants to grant additional $Karate Tokens to CEO Co-Founder Robert Bryan are reviewed and voted on by token holders community members so that there is some openness.

PROPOSAL

DAO token holder community members would review and vote on the parts of any new proposed contracts that detail new $Karate token awards to CEO and Co-Founder Robert Bryan.

NEED YOUR VOTE

Should new future $Karate awards to CEO Robert Bryan require DAO token holders members review and approval?

7 Likes
2

I think the team need to provide an official response here…

1 Like
3

The lure of instant liquidity tokens provide can be hard to resist. If any former equity holder is willing to part with KARATE at these prices, I’m happy to buy. :wink:

Seriously though, they have a strong underlying business, I don’t really care who’s selling. They are making a mistake. It’s hard to understand this but sellers are doing you a favor when that’s the case.

That said it would be a shame to miss out on this bull run and what that could provide for both the league and the token and that should be considered by all market participants, but in the long run I don’t think that’ll matter.

5 Likes
4

Despite dedicating everything to the league over the past eight years i did take a small amount off the table—less than 0.5% of the supply —solely to cover an unexpected personal item. This amount is far below the amount of my holdings claimed in the post, and I sold at a level below my investment level. The founders have contributed capital of over 50 times any sales made.

As noted in the post, many of the distributed tokens came from my personal account to retain employees rather than reducing the treasury, a practice I intend to continue. All tokenomics details are transparently available on the website.

To reiterate, I do not plan to sell additional tokens and will stake my tokens once that functionality is introduced.

Robert Bryan

KC Co-Founder

5 Likes
5

Rob actually airdropped me as an influencer out of his own wallet which was one of the ones mentioned here. He got me and other friends involved in the community and I introduced him to some partners.

Wallet address I’ve owned for years: 0x9E6ECda52a3FaD947676b867a5Da5f9234352D88

3 Likes
6

Could be any VC or other investor as well but the total amount is less than 1% which tbh doesn’t matter in long term. This is also another reason why unlocking all the tokens should be done (please let anyone sell at these levels NOW versus later) and I can guarantee short term pain is beneficial for the rest of us holding our $karate and buying more. See my previous proposal

1 Like
7

I don’t appreciate being doxxed here, so let me clarify: Yes, I received a bonus some time ago from Rob as part of his effort to retain me.

I work incredibly hard for KC and dedicate myself fully to the shows. Anyone familiar with the company knows the level of effort I put in. It’s a thoughtful gesture from the company to acknowledge and reward the hard work of their employees… something I’m sure anyone would appreciate.

There’s nothing unusual or questionable here, just baseless speculations from a disgruntled former employee or competitor.

Leo D’avila
KC Event Director

4 Likes
8

I would vote yes, but on a larger scale, if someone in the company is continually dumping the tokens, maybe they don’t want to work for the company anymore. Sounds like he doesn’t believe in the project and it’s potential.

President Awesome, it’s incredibly difficult to create something. You’re doing great! Persevere through this!

1 Like
9

If help you Leo you didnt get doxx. You have address with your name for gas in the account that received 2 Ă— 14M tokens from 2 of 12 accounts from CEO. And your name on social media with kc.

that look like the only tokens that didn’t go to swap from those 12 ceo address, all unlock sold so 800 million or more sold until last Friday a little remain and 24 million to one employee from those 12 address.

I post in past about multiaccount going to 1 large owner playing up only gaming and again 1st and 2nd at last event go to same multi billion account holder so hope some changes in 2025 on everything. 20-30% prize pool going to biggest accounts that spread across accounts is not fun.

I vote yes too. No way to know if new addresses spread out selling and playing uog again if so much effort this time to hide

1 Like
10
11

i don’t think there’s a practical way for large accounts being excluded from up only gaming.

further i think it’d be counterproductive. in the near future i expect $up to be distributed that way and down the road i expect sponsors to fund it directly.

if large accounts can’t participate, there’s a big conflict of interests there. as a reminder there’s no equity in the KC structure, just $karate.

2 Likes
12

800 million is a hell of a lot more than 1% of the current supply.

13

I fully expect UP to dilute the karate coin and that the rewards for karate holders will be further diluted by unlocking your coins.

14

i dont understand how $up will dilute $karate when much of it is going to $karate holders and the market clearly isn’t valuing the technology right now, let alone the league.

15

The karate fans have their liquidity in karate. Then. Calaxy and karate. Then. Bonzo and karate. Then up and karate. There is not an airdrop of 30% of up. It will be a very long, drawn out staking scheme allowing full unlocks for Robert Bryan and dirty boxing. My x% of karate ownership goes down drastically with every unlock. If founders were not dumping on everyone to throw their parties outside karate or whatever reason they have, it might be different. But in this case. Yes. It will almost certainly dilute.

16

If $Up will be using KC IP then airdrop 30% of Up tomorrow to the KC hodlers today… Bobby should be removed from future founder distributions. And any others who quit should also be removed. Put it all in treasury and extend treasury unlocks for 20 years. Fork if needed. Remove the bad apples.

17

And where are the incoming revenues? Let’s get a fully open accounting system. I will build it for free.

18

i don’t agree with much of what you’re saying, and i have no idea why you keep bringing up dirty boxing.

but we’ll def have a governance vote on the $UP allocation and staking rate.

19

Big accounts should play. But I say they should no split tokens to many address and play with many accounts.

Here this is 600 million unlock and end up in two address that win 1st and 2nd at last event and 2nd 3rd for season ranking,

0xF1648d19b1d855eebEBb5C3eb663CFbF0D5d3bB8

And the many CEO address six of them win on kc48 then sell

And on hedera big unlock 0.0.5798152 have 3 accounts play kc48
And 0.0.5798193 look 2 accounts and 1 is 5th at last event

And 0.0.7290898 have 1 billion tokens from five accounts that send same time after many playing and one is GeeSP 12th for season.

Not right for rankings if biggest accounts spread many accounts.
Maybe more tokens go out to biggest holders than if only use one account from formula

Also what do with all old prize pools. More over 1 billion tokens in all old prize pools until when?

20

i personally don’t see a problem with splitting up accounts, but i understand where the view may come from. more importantly i see no way to police it.

the excess tokens in UOG pools will be reclaimed to the treasury up to the amount won. it’s just an artifact of having Up Only Gaming across two networks.