Sidekick establishes foundation and issues native token K

On August 6th, Sidekick, a Web3 livestreaming exchange, announced the establishment of the Sidekick Foundation and the issuance of its native token, K. This token drives livestream interaction, creator monetization, and community engagement on the platform. It enables seamless value exchange between streamers, viewers, and partners, powering a variety of features from livestream gifting and staking to premium access, rewards, and decentralized governance.

The K token economy has a total token supply of 1 billion. This is allocated to: ecosystem growth (20%), long-term community incentives (20%), liquidity incentives (4%), foundation (16%), advisors (5%), core contributors (15%), and investors (20%).

The initial circulating supply of tokens is 111,333,333 K (representing 11.13% of the total token supply), consisting of: ecosystem growth (6.883%), long-term community incentives (1.5%), liquidity incentives (2%), and foundation (0.75%).

Lock-up Terms: Investors, advisors, and core contributors will have a 12-month lock-up period followed by a 24-month linear vesting period.