Cooking.City has been launched with a focus on sustainable value distribution in the crypto ecosystem. The project has already attracted institutional investors and offers new mechanisms for market participants.
Reviving Value Redistribution on Solana
Cooking.City positions itself as a community-first platform that emphasizes value redistribution rather than extraction. The platform provides users with opportunities to earn rewards through a referral system, increasing engagement. Users can track their reward history on personal dashboards, and top referrers and traders receive enhanced reward multipliers.
Cooking Points System: Multi-layered Incentives
The Cooking Points system rewards users for active engagement with the platform. Participants can earn additional points through trading, referrals, and completing social tasks. Tokens with high trading volumes are designated as Michelin Tokens, allowing for additional points multipliers. All user activities will be considered for future airdrop events.
Conviction Pool: Capital-Based Launch Mechanism
The Conviction Pool of Cooking.City is introduced to guarantee the quality of launches. Developers can deposit SOL to signal their conviction in tokens. If the token price drops to a set level, users can swap their tokens for SOL from the pool, acting as insurance. This mechanism aims to filter out low-quality launches and protect traders.
Cooking.City aims to transform the approach to token launches by creating a community-oriented platform that aligns values between developers and users, potentially leading to sustainable growth in the crypto ecosystem.
