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**Cooking.City Bringing Back Value Redistribution to Solana Fair Launches**
In a bold move, Cooking.City has announced its official launch, prioritizing ecosystem sustainability and long-term development. This pioneering platform is backed by institutional investors Jump and CMT Digital, and marks a significant shift in the world of token fair launches.
As part of this innovative approach, Cooking.City has introduced a revolutionary new mechanism: value redistribution. Unlike other platforms that focus on extracting value from their users, Cooking.City takes a different stance. The team’s commitment to fairness is evident through its core mechanics, designed to align incentives between traders and developers, while creating new opportunities for early supporters of token projects.
Key Features:
**Value Redistribution**: Cooking.City aims to rewire the traditional model by sharing platform revenues with users. This bold move incentivizes active participation from day one, ensuring a fairer distribution of value throughout the ecosystem.
**Referral System**: By participating in this system, referrers can earn fee rebates and points based on their invitees’ trading activities. This innovative approach encourages collaboration, building stronger ties between community members and fostering growth within the platform.
**Cooking Points**: A Multi-Layered Incentive System
Trading on Cooking.City: Higher trading volumes bring more points.
Trading high market cap with healthy trading volume tokens (designated as Michelin Tokens) can also unlock bonus point multipliers.
Referrals: Users can earn up to 10x point multipliers based on referred users’ trading activity.
Social Quests: Liking, commenting, and sharing official tweets or using the #CookingCity hashtag unlocks additional points.
Each user has a personal dashboard that updates daily. Points are retroactively calculated based on activity since launch and tied directly to future airdrop events.
**Conviction Pool**: A Capital-Based Launch Feature
This innovative mechanism holds developers accountable and empowers traders to distinguish quality launches from random ones.
Developer Commitment: Developers can opt-in by depositing some SOL and setting a price that signifies their conviction in the token. Soft Price Protection is also implemented, ensuring that users can swap their bought tokens into SOL if the price drops below a pre-set level. This innovative mechanism allows for an unprecedented level of transparency and accountability.
**On-Chain Conviction**: By empowering builders to actualize their convictions through launches and trading, Cooking.City paves the way for more honest asset issuance and capital matchmaking throughout its evolving launch infrastructure and mechanisms.
The team expects these changes to have a profound impact on the ecosystem, ultimately strengthening relationships between developers, traders, and investors.
Source: cryptopotato.com
