After opting for a refund following a 122x oversubscription, what new trick is FIGHT playing?

Original Title: "How Strong is the FIGHT Between Binance and Coinbase Listing Wars?"

Original Author: Mach, Foresight News

On January 22, the sports combat FIGHT team announced a 100% refund to all ICO participants while retaining the airdrop mechanism. After the ICO funds are refunded, the tokens will be airdropped to: ICO participants (BNB Chain and Solana), x402 Fight Pass holders, Holler Campaign participants, and HOLO stakers. The token will be open for FIGHT airdrop claims today at 20:00. All claims will be made in a non-custodial manner. Users must meet the following conditions to claim the FIGHT airdrop: complete the "Airdrop Preparation Task" on the Fight.ID platform, and as of January 19, the account must hold minted FP (Fight Points).

The sports combat token FIGHT, led by Fight.ID, completed its ICO in October 2025, raising $183 million, oversubscribed by nearly 122 times. Currently, the Coinbase listing roadmap has added FIGHT, and Binance Alpha will also list FIGHT on January 22, with the point claiming details to be announced later. Bybit Spot, Alpha, and Byreal will also simultaneously list Fight (FIGHT). Previously, FIGHT's completed public offering FDV was $150 million, with a token price of $0.05.

Fight.ID is the parent project of the FIGHT token, positioned as a bridge between MMA and Web3. It has signed a multi-year partnership with the UFC (Ultimate Fighting Championship) and is driving ecosystem development through the Fight Foundation. The project leverages the high performance of the Solana blockchain to create a comprehensive sports interactive system, including identity authentication, reputation points, and ownership layers.

Specifically, the FIGHT ecosystem consists of three layers:

· Identity Layer (Fight.ID): Users register through app.fight.id, establish an on-chain identity, and support Solana and EVM wallet connections. New users can claim 250 FP (Fight Points) as a welcome reward.

· Reputation Layer (FP): Similar to a points system, users accumulate FP by participating in UFC event predictions, mini-games (such as the "Take Your Punch" boxing challenge), or Discord interactions. FP determines the user's position in the ecosystem, such as access priorities or membership upgrades.

· Ownership Layer (FIGHT): The token serves as a governance and utility tool used for staking, payments, and decision-making. Users can join the on-chain fan club, stake FIGHT to unlock exclusive content such as athlete AMAs, watch parties, merch drops, and access to licensed collectibles.

The Fight.ID team was founded around 2023 and is based in the United States, with most founding team members having a background in sports digitalization. The core leader of the team is co-founder and CEO James Zhang. He has extensive experience in sports entertainment and blockchain, having led the development of multiple digital collectibles projects. Zhang's team has been working with the UFC for the past three years, responsible for building the UFC's official digital collectibles platform, such as the UFC Strike series, which has generated over $20 million in sales revenue.

Centermost figure is project CEO James Zhang

Total Supply 100 Billion Tokens, Airdrop of 85 Million Tokens

On January 18, FIGHT unveiled its tokenomics, with a total token supply of 100 billion tokens, a fixed cap, and no inflation mechanism.

The allocation includes 57.0% for the community, 15.0% for the core team, 4.0% for advisors, 6.5% for liquidity, and 17.5% for investors. At project launch, the estimated circulating supply is about 20.50% (20.5 billion tokens), with the community portion representing 15.5% of the total supply (15.5 billion tokens), the liquidity portion representing 5% of the total supply (5 billion tokens), and all other categories (team, investors, advisors, etc.) being fully vested.

According to the official documentation, holding FIGHT unlocks exclusive combat content, feature access priority, platform privileges, and priority in community initiatives. Token holders can also participate in governance by voting through a DAO (Decentralized Autonomous Organization) on fund allocation, token distribution plans, ecosystem grants, and protocol parameters.

Part of the net revenue flows into the DAO treasury in the form of FIGHT. The DAO allocates the funds in the following areas:

· Token and Ecosystem Support—Plans guided by the DAO to strengthen the token and platform

· Ecosystem Grant — Driving new product launches and user growth

· Liquidity Operation — Providing a smooth entry experience for mainstream fans

The FIGHT roadmap is divided into four stages:

· Phase One (Pre-TGE to TGE) involves releasing emissions and governance specifications, expanding Fight.ID functionality, activating UFC acquisition and retention channels, and completing UFC Strike gift distribution;

· Phase Two (Post-TGE) will launch staking functionality, activate Prize$Fight bounties, and support FIGHT payments to UFC-related partners.

· Phase Three (Q2-Q4 2026) plans to carry out three UFC Strike gift distributions, enhance engagement through seasonal activities, and expand trading coverage;

· Phase Four (Q2-Q3 2026) will expand the athlete community, provide dynamic bonuses and benefits, and integrate FightGear with UFC events.

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