Sidekick has just announced the establishment of the Sidekick Foundation and the launch of the native Token $K with a total supply of 1 billion, serving for tips, subscriptions, unlocking content, and decentralized governance.
Token $K is expected to be launched by Binance Alpha on August 8. This is the MVB season 7 project of the BNB Chain, which has received investment from Binance Labs, with a clear distribution and token lock plan to promote the community and ecosystem.
MAIN CONTENT
Sidekick establishes the Foundation and issues Token $K with a total supply of 1 billion.
The token is used for real-time tipping, subscription rewards, unlocking content, and decentralized governance.
Binance Alpha will launch Token $K on August 8, the project is invested by Binance Labs and is part of MVB season 7 of the BNB Chain.
What is the Sidekick Foundation and what is its purpose?
The Sidekick Foundation was established with the goal of developing and maintaining the Sidekick ecosystem, ensuring sustainable development for the project.
The establishment of the Foundation helps manage resources and support the community, as well as promote the development of Token $K in accordance with commitments and long-term plans. This is an important legal and operational foundation that helps Sidekick ensure effective governance and transparency.
How does Token $K function and what is its distribution mechanism?
Token $K is used for activities such as direct tips, subscription rewards, unlocking content, and decentralized governance.
The total supply of $K is 1 billion tokens, of which 11.13% will be in circulation initially. Tokens for investors and the core team are locked for the first 12 months, then distributed linearly over 24 months. Distribution plan: 20% for ecosystem development, 20% for long-term community rewards, 4% for liquidity incentives, 16% belongs to the Foundation, 5% for advisors, 15% for the core team, and 20% for investors.
Investment in projects like Sidekick accelerates innovation within the BNB Chain ecosystem and catalyzes real-world applications of decentralized governance.
CEO of Binance Labs, 2023
On which platform is Sidekick deployed and what support has the project received?
Sidekick is a season 7 project of the MVB Accelerator program on the BNB Chain, one of the largest and fastest-growing cryptocurrency ecosystems.
The project has received investment from Binance Labs, a reputable entity in the cryptocurrency industry, contributing to ensure technical and financial support. The official launch on Binance Alpha on August 8 marks an important step in the development journey of Sidekick.
By focusing on real-time social interaction and decentralized governance, Sidekick sets new standards for community-driven platforms on the BNB Chain.
Project Director of Sidekick, 2023
Frequently Asked Questions
What role does the Sidekick Foundation play in the ecosystem?
The Foundation manages finances and community development, creating conditions for sustainable development of the project.
What is Token $K used for?
$K is used for direct tips, subscription rewards, unlocking content, and participating in decentralized governance.
What is the token lock plan for investors and the team?
Tokens are locked for 12 months, then gradually allocated over 24 months to ensure long-term development.
Which exchange is Sidekick expected to launch on?
Token $K will be launched on Binance Alpha on August 8.
Which program does the Sidekick project belong to on the BNB Chain?
Sidekick is a project under season 7 of the MVB Accelerator program on the BNB Chain.
Source: https://tintucbitcoin.com/sidekick-foundation-dung-20-token-uu-dai/
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