Cooking.City Launches Fair Platform With Institutional Backing

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 bring back value redistribution to Solana fair launches, focusing on aligning incentives between traders and developers while creating new ways to participate in on-chain launches.

Cooking.City is designed as a community-first platform, prioritizing value redistribution over 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 intended 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 to amplify their future rewards.

The Cooking Points system is now live, rewarding users who actively engage with the platform across multiple dimensions. Users can earn points through trading on Cooking.City, with higher trading volumes bringing more points. Tokens with high market capitalization and healthy trading volumes are designated as Michelin Tokens, offering bonus points multipliers. Additionally, users can share referral codes to earn up to 10x points multipliers based on referred users’ trading activity. Social engagement, such as liking, commenting, sharing official tweets, or using the #CookingCity tag, also unlocks additional point rewards. 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 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 and establishing benchmarks for quality in the market. 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. The platform’s innovative mechanisms and community-first approach aim to set new standards in the fair-launch ecosystem, fostering a more sustainable and value-driven environment for all participants.