Cooking.City is a new platform for fair token launches, recently introduced with a focus on ecosystem sustainability and long-term development.
Platform Focused on Value Redistribution
Cooking.City launched with a concept of value redistribution, which sets it apart from other platforms. The platform allows users to earn through a referral system, sharing revenues with traders. Referrers receive fee rebates and additional points based on their invitees’ trading activities. Additionally, Cooking.City initiates token airdrops to attract early participants.
Multi-Layered Cooking Points System
The Cooking Points system rewards users actively engaging with the platform. Higher trading volumes lead to more points, while social quests like liking and sharing posts can earn additional rewards. Each user has a personal dashboard displaying daily updates of their points, calculated retroactively from the launch date.
Conviction Pool Mechanism
The Conviction Pool is a new feature that holds developers accountable and helps traders identify quality launches. Developers can deposit a certain amount of SOL and set a price to signal their conviction in the token. If the token's price falls below a set level, users can swap their tokens for SOL from the conviction pool, providing a form of insurance.
Cooking.City aims to create a marketplace of convictions allowing developers and investors to realize and capture their beliefs through launches and trading. This marks the beginning of a new phase in token crowdfunding, ensuring reliability and trust among ecosystem participants.
