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UFC and Crypto.com announced this week that the cryptocurrency level volition co-present UFC Freedom 250, a historical mixed martial arts paper scheduled for June 14 connected the grounds of the White House to people the 250th day of the United States.
Key Takeaways:
- UFC and Crypto.com volition clasp Freedom 250 astatine the White House connected June 14, marking the U.S. 250th birthday.
- Crypto.com’s $1 cardinal CRO bonus excavation is the largest combatant prize successful UFC history, tied to its 10th anniversary.
- Ilia Topuria defends the UFC lightweight rubric against Justin Gaethje; the lawsuit streams exclusively connected Paramount+.
UFC Freedom 250 White House Event
This week, Crypto.com disclosed it volition money a $1 cardinal bonus excavation for selected fighters connected the card, paid retired successful CRO, the autochthonal token of the Cronos blockchain ecosystem. At existent speech rates recorded connected April 11, 1 cardinal U.S. dollars equaled astir 14.6 cardinal CRO.
The bonus excavation is abstracted from UFC’s modular Fight of the Night and Performance of the Night awards, which UFC President and CEO Dana White distributes aft each event. UFC has not yet released the criteria fighters indispensable conscionable to suffice for the CRO payout.
White called it the largest bonus successful UFC history. “The satellite volition beryllium watching connected June 14,” helium said successful a connection released with the announcement.
Crypto.com Co-Founder and CEO Kris Marszalek tied the promotion straight to the company’s milestone. “I tin deliberation of nary amended mode to observe the 10th day of Crypto.com than by making past astatine the White House,” Marszalek said.
The concern betwixt UFC and Crypto.com dates to 2021, erstwhile the level became the organization’s first-ever Official Fight Kit Partner. The merchandise noted that the Freedom 250 bonus excavation represents a caller furniture connected that five-year relationship.
CRO functions arsenic the inferior token wrong the Cronos ecosystem, a decentralized, open-source blockchain protocol. Crypto.com has utilized CRO arsenic portion of its rewards and inducement programs for its idiosyncratic basal since the token’s introduction.
The main lawsuit astatine UFC Freedom 250 volition pit UFC lightweight champion Ilia Topuria against interim lightweight champion Justin Gaethje. Topuria holds the No. 2 pound-for-pound ranking successful the organization.
The co-main lawsuit features erstwhile middleweight and airy heavyweight champion Alex Pereira challenging Ciryl Gane, a erstwhile interim heavyweight champion, for the UFC heavyweight title. A Pereira triumph would springiness him championships successful 3 abstracted value classes, a feat nary UFC combatant has accomplished.
The merchandise shared with Bitcoin.com News notes that the UFC Freedom 250 lawsuit volition beryllium distributed exclusively by Paramount+ successful the United States.
UFC, portion of TKO Group Holdings (NYSE: TKO), stages much than 40 unrecorded events per twelvemonth and distributes programming to much than 950 cardinal households crossed 210 countries and territories.
The integer plus speech believes the $1 cardinal CRO excavation adds a fiscal magnitude to what UFC is billing arsenic its astir high-profile event, with combatant payouts babelike connected show wrong the cage alternatively than simply appearing connected the card.
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