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Getting paid in BTC was a โ€˜big partโ€™ of the reason this MMA fighter signed with Eagle FC

December 28, 2021No Comments


Kevin Lee, a professional mixed martial arts fighter, has said that a major factor in his decision to sign with a new promotional company was Bitcoin (BTC).

According to a report by MMA news outlet BJ Penn, the Russia-based Eagle Fighting Championship will be pay Read on BTC as part of a four-fight contract. The fighter has reportedly been a HODLer since before the 2017 bullfight, later using some of the earnings to live after paying for knee surgeries.

"Receiving a payment in Bitcoin and not giving me any rejection, was huge in the decision [to sign with Eagle FC]Lee said. "It gives me a lot more financial security and it will also help me fight better."

Payments related to Eagle FC were not disclosed, but Lee has previously earned up to $ 280,000 through his UFC fight with Tony Ferguson. In an interview on December 17, Lee implicit Eagle FC would pay more than it earned while under contract with the Ultimate Fighting Championship, or UFC, which means a potential payout of 5.86 BTC or more at current prices.

Lee, also known as The Motown Phenom, was recently suspended from fighting for six months and fined after testing positive for Adderall. He was later released from his contract with the UFC before Eagle FC attempted to add him to their roster; His first fight with the company is expected to be against Diego Sรกnchez on March 11.

UFC has been delving into the benefits of digital assets through partnerships with crypto and blockchain companies. In July, the organization signed a $ 175 million deal with Crypto.com over the next ten years, an agreement that will eventually led to liberation of non-fungible tokens licensed by the UFC. furthermore, the The wrestling championship has previously been associated with the blockchain rewards app Socios and the Chiliz tokenization platform to launch a fan token.

Related: How cryptocurrencies are going to revolutionize the world of mixed martial arts

Individual MMA fighters have been expressing interest in BTC and other tokens since Jon Fitch became the first professional fighter to be paid in Bitcoin in 2015. Last year, former UFC lightweight champion Eddie Alvarez said he had bought some BTC, while Ben Askren was paid to promote Litecoin (LTC) and supported the most recent BTC halving.