Reviving Fairness in Solana: Cooking.City’s Value Redistribution Initiative

Summary:

1. Cooking.City is a fair-launch platform focused on ecosystem sustainability and long-term development, backed by institutional investors.
2. The platform introduces a unique point system to align incentives between traders and developers, emphasizing value redistribution over extraction.
3. Cooking.City offers a multi-layered incentive system, including a Referral System and Conviction Pool, to reward users for engagement and promote quality token launches.

   Article:
   Cooking.City, a newly launched fair-launch platform, is setting itself apart in the crypto space by prioritizing ecosystem sustainability and long-term growth. With support from institutional investors like Jump and CMT Digital, Cooking.City aims to revolutionize token launches by shifting the focus towards value redistribution rather than value extraction.

   One of the standout features of Cooking.City is its unique point system, designed to foster collaboration between traders and developers. Through mechanisms like the Referral System, users can earn fee rebates and points based on their invitees’ trading activities. This system not only incentivizes user engagement but also encourages interaction between traders and quality token projects.

   In addition to the Referral System, Cooking.City also introduces the Cooking Points system, a multi-layered incentive structure that rewards users for actively participating on the platform. From trading on Cooking.City to completing social quests, users can earn points across various dimensions, which will be tied to future airdrop events.

   Another innovative feature of Cooking.City is the Conviction Pool, a capital-based launch mechanism that helps users differentiate between high-quality token launches and low-effort projects. By allowing developers to deposit SOL and set a price that reflects their conviction in the token, the Conviction Pool acts as a safeguard for traders, ensuring that they can swap tokens if the price falls below a certain level.

   Overall, Cooking.City is not just a launchpad but a community-driven platform that aims to bring value back to fair launches. By creating a marketplace of convictions and fostering collaboration between builders and investors, Cooking.City is paving the way for a new era of on-chain nation. With its evolving launch infrastructure and mechanisms, Cooking.City is poised to diversify approaches to asset issuance and capital matchmaking in the crypto space.