Cooking.City is an innovative platform dedicated to reshaping the fair issuance of tokens.
The next-generation Solana ecosystem token issuance platform Cooking.City has announced the completion of a $7 million financing round, with top institutions including Jump, CMT Digital, Mirana, Bitscale Capital, and EVG as investors. Cooking.City is committed to redefining the token issuance mechanism, proposing a new on-chain issuance model that is sustainable, incentivized, and community-centered.
Currently, most token issuances rely on hype and short-term gains, often neglecting community interests and failing to support long-term growth. Cooking.City aims to address this issue through a more balanced and transparent project issuance approach. The platform sets new standards for projects and token issuances in the market by enhancing the inclusivity and rewardability of the issuance process.
Creating a New Paradigm for On-Chain Token Issuance
Cooking.City builds a more transparent, fair, and incentivized token issuance platform through a series of innovative mechanism designs:
Value Redistribution: Compared to traditional platforms, Cooking.City redistributes most platform fees back to developers and users, promoting positive development within the ecosystem.
Conviction Pool Mechanism: Through the "Conviction Pool" mechanism, token issuers are required to deposit a certain amount of funds in advance into a smart contract to demonstrate their firm commitment to the project and establish quality standards for the market. This mechanism effectively filters out low-quality projects, protects traders, and highlights the long-term confidence and attitude of developers.
Social-Based Value Distribution System: As the first Launchpad to introduce a referral commission system, Cooking.City redistributes fees within the ecosystem to achieve sustainable growth: most fees are used for community referrals and trading rewards, a portion is returned to token issuers, and the remainder is invested in the platform's long-term development, creating a fair and collaborative value cycle that empowers developers, supporters, traders, and the entire ecosystem.
Top Institutions Backing a New Era of On-Chain Issuance
The philosophy of Cooking.City represents the team's proposed "Onchain Renaissance": returning to the spirit of Web3, advocating for builders and communities to share the value of token issuance, and restoring the core value of the community in Web3, changing its marginalized status.
In the future, Cooking.City will continue to work with developers and the community to explore a new paradigm for Web3 asset issuance that is more transparent, fair, and organically growing.
About Cooking.City
Cooking.City is an innovative platform dedicated to reshaping the fair issuance of tokens. By aligning the value propositions of developers, early supporters, and traders, Cooking.City encourages the growth of quality projects, rewards community participation, and promotes a healthier, more sustainable new ecosystem for on-chain token issuance.
For more information, please visit the official website Cooking.City or contact via email: jj@Cooking.City.
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