Chainfeeds Introduction:
With over 1,000 registered streamers and an average interaction time of 37 minutes, is LiveFi reliable?
Article Source:
https://www.odaily.news/zh-CN/post/5205537
Article Author:
Odaily
Perspective:
Odaily: According to Sidekick's official introduction, K is the platform's native utility and governance token. Centered around the concept of "attention is an asset", it aims to build an on-chain live streaming economic model. Users can use K tokens for real-time tipping, content subscription, governance, and other operations, forming a higher-frequency and closer interaction between creators and audiences. Specific functions include: using K tokens to instantly gift and tip streamers; becoming a premium member to unlock exclusive live streams, VIP chat rooms, and airdrops; gaining higher platform exposure and loyalty program rewards by staking K tokens; creators can monetize through tips, subscriptions, and event thresholds; active creation and community growth can also earn K rewards; additionally, K tokens serve platform governance functions, allowing token holders to participate in proposals and voting. The total supply of K tokens is 1 billion, with an initial circulating supply of 111 million, distributed as follows: ecosystem growth (20%), long-term community incentives (20%), foundation (16%), advisors (5%), core contributors (15%), investors (20%), with some tokens having a linear unlock cycle up to 36 months. Overall, K combines usage scenarios and governance value, forming the core pillar of Sidekick's economic system. Sidekick claims to be the world's first LiveFi platform, building a creator-driven on-chain live streaming ecosystem. Current platform data shows: total active users of 147,000, monthly active users of 57,000, over 1,000 registered streamers, with an average user interaction time of 37 minutes. From the data, Sidekick's user scale is still small, with the ecosystem in its early stages, but user interaction stickiness is relatively strong. In comparison, Douyin live streaming considers staying over 2 minutes as a quality performance, meaning that while Sidekick has limited traffic, user engagement is not low. However, from an industry perspective, whether LiveFi has the potential to become a new track is still controversial. The crypto industry has always been filled with various XXFi narratives, from DeFi, GameFi, SocialFi to this year's popular InfoFi and PayFi, with concept rotations frequent. Whether LiveFi has the market capacity to support multiple projects, sustainable wealth effects, and provides users with irreplaceable value, remains to be verified. Currently, a single not yet mature platform like Sidekick is insufficient to conclusively prove the establishment of the LiveFi track. According to Dune data, as of August 6, Sidekick's cumulative live streaming tip revenue was only $103,700, with a single-day revenue of about $3,100 on August 5, indicating limited platform economic activity. Looking further at user tipping behavior, about 8,200 tipping users exist, with over 80.9% tipping less than $5, suggesting most users have shallow participation, with a very low proportion of high-tipping users truly forming the economic backbone. From the creator's perspective, the top-performing live content mainly focuses on chain scanning and interactions, lacking the entertainment interaction atmosphere driven by rhythm-setting hosts and fan economies typical of traditional live streaming platforms. This means Sidekick's current live streaming ecosystem has not truly taken off and has not formed a virtuous cycle of top and mid-tier creator echelons. Therefore, the LiveFi concept seems more like a project marketing gimmick than a sustainable new track. Of course, LiveFi as a narrative still has speculation space, and whether the K token can replicate the price surge of B and C tokens depends on the team's subsequent product updates, market acceptance, and market-making strategies.
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