UFC News: FIGHT Token Sale Raises $183M, Exceeding $1.5M Target
The FIGHT token sale for the UFC partner Fight.ID raised $183 million, vastly surpassing its $1.5 million goal.Summary
The token sale for FIGHT, the official cryptocurrency of Fight.ID (a partner of the Ultimate Fighting Championship or UFC), successfully raised $183 million, significantly exceeding its initial $1.5 million target. This follows a previous sale on October 27th that raised $15.7 million against a $750,000 target. Built on Solana, the FIGHT token is central to the Fight ecosystem, which aims to enhance combat sports fandom and athlete engagement on-chain through uses like governance, staking, and payments, including participation in UFC event prediction markets. The total supply is capped at 10 billion tokens, with the majority allocated to community incentives. The UFC officially acknowledged the collaboration earlier this month, though the article cautions that highly hyped token sales can lead to post-distribution volatility.
(Source：CoinDesk)