ChainCatcher message, the Bitcoin native application chain Side Protocol, founded by crypto gang member Dave Hrycyszyn, officially announces its tokenomics, with a total supply of 1 billion SIDE tokens, distributed as follows:Ecosystem Reserve: 20%Team: 18%Community Treasury: 17%Public Sale: 15%Private Sale: 13%Genesis Airdrop: 10%Liquidity: 7%Among them, 100 million tokens from the Genesis Airdrop will be distributed to active Bitcoin users, the NFT community (including Bitcoin NFTs), the Cosmos community, and testnet users. The snapshot has been completed and will be announced later this week. It is recommended to follow the official X account for close updates.

ChainCatcher news, according to The Block, Cosmos ecosystem interoperability financial protocol Side Protocol's parent company Side Labs has completed a $1.5 million pre-seed funding round, with participation from Hashkey Capital, KR1, Continue Capital, Symbolic Capital, Informal Systems, Dora Ventures, Charles Lu, Harry Halpin, Eric Chen, Mirza Uddin, Siddhartha Dutta, and Vincent Niu.It is reported that the new funds will be used to expand its team and ensure compliance with legal and regulatory standards, while establishing a mesh liquidity network aimed at eliminating bridges and intermediary tokens for cross-chain asset exchanges through liquidity center networks. (source link)