Cooking.City Launches on Solana with Institutional Backing

Cooking.City, a newly introduced fair-launch platform, has fully launched on the Solana blockchain, emphasizing ecosystem sustainability and long-term development. The project is supported by institutional investors including Jump and CMT Digital. The platform is designed as a community-first initiative, focusing on value redistribution rather than value extraction, aiming to create a more equitable and sustainable ecosystem.

Cooking.City's core mechanisms and points system are designed to align incentives between traders and developers. The platform introduces a referral system where users can 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. The platform has not yet launched its official token, aiming to attract early users through highly-anticipated airdrops.

The Cooking Points system is now live, rewarding users who actively engage with the platform across multiple dimensions. Users can earn points through trading, referrals, and social quests. Higher trading volumes, especially in tokens with high market caps and healthy trading volumes designated as Michelin Tokens, offer bonus points multipliers. Referrals can earn up to 10x points multipliers based on referred users’ trading activity. Social quests, such as liking, commenting, sharing official tweets, or using the #CookingCity tag, unlock 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 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.

By prioritizing value redistribution and community engagement, Cooking.City sets a new standard for sustainability and long-term development in the cryptocurrency space. The platform's approach fosters a sense of belonging among users and encourages long-term engagement and investment. The emphasis on sustainability suggests that Cooking.City is committed to building a resilient and thriving community, positioning it as a leader in the fair-launch space and paving the way for a more inclusive and decentralized future.