Solana Fair Reintroducing Value Sharing Through City Cooking Initiative
Cooking.City, a groundbreaking fair-launch platform on the Solana blockchain, has officially launched, marking a significant shift in the token launch ecosystem. The platform prioritizes ecosystem sustainability and long-term development by focusing on value redistribution rather than value extraction.
Unlike traditional launchpads, Cooking.City is designed as a community-first platform, aligning incentives between traders and developers. This approach creates a more equitable and sustainable token launch ecosystem. The project has garnered strong institutional backing from investors such as Jump and CMT Digital.
Key features of Cooking.City include a referral system, a Cooking Points system, and the Conviction Pool. The referral system allows users to share referral codes and earn fee rebates and points based on the trading activity of their invitees. The Cooking Points system is a multi-layered incentive system rewarding users for active engagement on several fronts, including trading activity, referrals, and social media engagement.
The Conviction Pool is a unique mechanism designed to hold developers accountable and differentiate quality launches. Developers can opt into the Conviction Pool by depositing SOL and setting a price to signal their conviction in the token. If the token graduates, the Conviction Pool activates, providing a form of insurance for traders if the price drops to a set level.
Cooking.City's Cooking Points system is now live, rewarding users for active engagement across multiple dimensions. Users can earn points by trading tokens, with higher trading volumes earning more points. Trading Michelin Tokens, tokens with high market capitalization and healthy trading volume, offers bonus points multipliers. Users can also earn points by engaging with official social media content and referring new users to the platform.
The platform aims to attract early users through highly-anticipated airdrops and diversify approaches of asset issuance and capital matchmaking through its evolving launch infrastructure and mechanisms. Cooking.City shares platform revenues with users through its referral system, further emphasizing its community-first approach.
For more information, users can contact the Cooking.City marketing team at [email protected]. Cooking.City is set to revolutionize token fair launches with its sustainable, community-oriented approach, backed by institutional investors and designed to foster long-term ecosystem growth.
In the realm of finance and technology, Cooking.City, a community-first platform on the Solana blockchain, has launched, presenting a significant shift in the token launch ecosystem. This revolutionary platform, backed by institutional investors like Jump and CMT Digital, focuses on long-term development and ecosystem sustainability through a unique Cooking Points system, a Conviction Pool, and a referral system, prioritizing value redistribution and fostering a more equitable and sustainable token launch ecosystem.
