PANews reported on August 6 that the LiveFi project Sidekick announced the establishment of the Sidekick Foundation and the launch of its native token $K.

$K is used for real-time tipping, subscription rewards, content unlocking, and decentralized governance. The total supply is 1 billion, with an initial circulation of 11.13%. Investor and core contributor tokens will be locked for 12 months and then 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%).

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