TechFlow news, August 6 — According to an official announcement, live streaming trading platform Sidekick has announced the establishment of the Sidekick Foundation and the launch of its token K. K is the native utility and governance token of the Sidekick platform, designed for gifting, subscriptions, unlocking exclusive content, governance participation, and more.
The total supply of K is 1 billion tokens, with an initial circulating supply of 111 million (11.13% of total supply). Token distribution is as follows:
Ecosystem growth (20%);
Long-term community incentives (20%);
Liquidity incentives (4%);
Foundation (16%);
Advisors (5%);
Core contributors (15%);
Investors (20%).
Shares allocated to investors, advisors, and core contributors will be locked for 12 months, followed by a 24-month linear vesting period.
