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Sidekick establishes Foundation and issues native token K
BlockBeats News, August 6th, Web3 live trading platform Sidekick announced the establishment of the Sidekick Foundation and the issuance of its native token K. The token powers real-time interaction on the platform, creator monetization, and community engagement. It enables seamless value exchange among hosts, viewers, and partners, facilitating various functions from live gifting, staking, to premium access, rewards, and decentralized governance.
The K token's tokenomics have a total token supply of 1 billion, distributed as follows: Ecosystem Growth (20%), Long-Term Community Incentives (20%), Liquidity Incentives (4%), Foundation (16%), Advisors (5%), Core Contributors (15%), Investors (20%).
The initial circulating supply allocation of the tokens is 111,333,333 K (11.13% of total token supply), including: Ecosystem Growth (6.883%), Long-Term Community Incentives (1.5%), Liquidity Incentives (2%), Foundation (0.75%).
Lock-up Terms: Investors, Advisors, and Core Contributors' allocations are subject to a 12-month lock-up, followed by a 24-month linear unlock.
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