Cooking.City, a new platform for token launches on Solana, is focused on ecosystem sustainability and long-term development. The project is backed by institutional investors including Jump and CMT Digital.
Cooking.City Platform and Its Unique Features
Cooking.City has fully launched, offering unique mechanisms and a point system designed to create better conditions for traders and developers. The platform focuses on value redistribution and rewarding participants rather than extracting value.
Cooking Points System and Its Benefits
Cooking Points is a multi-layered reward system that incentivizes users for active participation. The main areas for earning points include:
* Trading on Cooking.City: Higher trading volumes yield more points. * Referral program: Users can share referral codes and earn up to 10x points based on referred users' trading activity. * Social quests: Liking, commenting, and sharing about Cooking.City yields additional points.
Each user has a personal dashboard that updates daily with their points.
Conviction Pool: Supporting Responsible Developers
Conviction Pool is a new feature that holds developers accountable and helps distinguish quality launches from random ones. Developers can demonstrate their serious intentions by depositing a certain amount of SOL, which signals their confidence in the token. If the token's price drops below a set level, users can swap their tokens for SOL from the Conviction Pool, acting as insurance.
Cooking.City represents an innovative platform aimed at fair token launches, actively supporting the integration of interests between developers and investors. Its mechanisms are expected to evolve and bring new opportunities in the cryptocurrency space.
