Cooking.City Launches Fair Platform With 10x Referral Rewards

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. The platform aims to align incentives between traders and developers while creating new ways to participate in on-chain launches.

Cooking.City differentiates itself by focusing on value redistribution rather than value extraction. The platform introduces a referral system where users can earn fee rebates and points based on their invitees’ trading activities. This system is designed to attract early users through highly-anticipated airdrops, fostering interaction between traders and quality token launches. Users can monitor their rewards and point history on the dashboard, with top referrers and traders receiving significant reward multipliers.

The Cooking Points system is now active, rewarding users for various activities on the platform. Higher trading volumes, especially with high market cap and healthy trading volume tokens designated as Michelin Tokens, bring more points. Users can also earn up to 10x points multipliers through referrals and additional points through 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 designed to hold developers accountable and help 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 activates, 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 as insurance. If the price does not fall below the set level, the developer can claim back the SOL from the conviction pool. 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.