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

LiveFi project Sidekick announced the establishment of the Sidekick Foundation and the launch of its native token, $K. $K will be used for real-time tipping, subscription rewards, content unlocking, and decentralized governance. The total supply of $K is 1 billion, with an initial circulation of 11.13%. Investor and core contributor tokens will be locked for 12 months and linearly vested over 24 months. The distribution plan includes: ecosystem growth (20%), long-term community incentives (20%), liquidity incentives (4%), foundation (16%), advisors (5%), core contributors (15%), and investors (20%). Binance Alpha will reportedly launch Sidekick (K) on August 8th. Sidekick is a BNB Chain Season 7 MVB Accelerator project and has received investment from Binance Labs.