Cooking.City Launches Fair Platform With Value Redistribution Focus

Cooking.City, a newly introduced fair-launch platform, has officially launched, emphasizing ecosystem sustainability and long-term development. The project is supported by institutional investors, including Jump and CMT Digital, and aims to bring back value redistribution to Solana fair launches. Unlike traditional launchpads, Cooking.City focuses on value redistribution rather than value extraction, creating a community-first platform that aligns incentives between traders and developers.

One of the key features of Cooking.City is its referral system, which shares platform revenues with users. Referrers earn fee rebates and points based on their invitees’ trading activities. This system encourages interaction between traders and quality token launches, with top referrers and traders receiving significant reward multipliers to amplify their future rewards. Users can check the rules of rewards and point history on the dashboard every day, providing transparency and engagement.

The Cooking Points system is now live, rewarding users who actively engage with the platform across multiple dimensions. Higher trading volumes bring more points, and trading tokens with high market caps and healthy trading volumes, designated as Michelin Tokens, can offer bonus points multipliers. Users can also earn points through referrals and social quests, such as liking, commenting, sharing official tweets, or using the #CookingCity tag. Each user has a personal dashboard that updates daily, with points retroactively calculated based on activity since launch and tied directly to future airdrop events.

Cooking.City’s Conviction Pool is a new mechanism that holds developers accountable and helps traders distinguish quality launches from random ones. Developers can opt in by depositing some SOL and setting a price that signals their conviction in the token. If the token graduates, the conviction pool will activate, providing soft price protection. If the price drops to a set level, users can swap their bought tokens into SOL from the conviction pool, acting like an insurance. This design filters out low-effort launches, protects traders, and signals serious commitment from builders.

Cooking.City is creating a marketplace of convictions, allowing builders and investors to actualize and capture their faith through launches and trading. The launchpad is the first step towards its greater on-chain nation, effectively allowing more convicted projects to enter the crypto space through Cooking.City. The team expects to diversify approaches of asset issuance and capital matchmaking through their evolving launch infrastructure and mechanisms.

Cooking.City is a pioneering platform designed to revolutionize token fair launches. By aligning values between builders, believers, and traders, Cooking.City creates new opportunities to reward quality launches and early support on token projects, encouraging builders and investors to grow together. The platform aims to foster a sustainable ecosystem where value is redistributed, and long-term development is prioritized.