The Sidekick Foundation is established, and 20% of the tokens will be used for long-term community incentives

ChainCatcher news, the LiveFi project Sidekick announced the establishment of the Sidekick Foundation and the launch of its native token $K. The $K token will be used for real-time tipping, subscription rewards, content unlocking, and decentralized governance.

The total supply of the token is 1 billion, with an initial circulation of 11.13%. Tokens for investors and core contributors will be locked for 12 months, and then will be released linearly over 24 months.

The token distribution plan is as follows:

• Ecosystem Growth (20%)

• Long-term Community Incentives (20%)

• Liquidity Incentives (4%)

• Foundation (16%)

• Advisors (5%)

• Core Contributors (15%)

• Investors (20%)

It is reported that Binance Alpha will launch Sidekick ($K) on August 8. Sidekick is the seventh season MVB accelerator project of the BNB Chain and has received investment from Binance Labs.