Cooking.City raises $7 million funding with participation from Jump, creating a new paradigm for creator fair participation and token issuance
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Cooking.City raises $7 million funding with participation from Jump, creating a new paradigm for creator fair participation and token issuance
Cooking.City is an innovative platform dedicated to reshaping fair token distribution.
Navigating Web3 tides with focused insightsCooking.City, a next-generation Solana-based token launchpad, has announced the completion of a $7 million funding round from top-tier institutions including Jump, CMT Digital, Mirana, Bitscale Capital, and EVG. Cooking.City aims to reshape token issuance by introducing a sustainable, incentive-driven, and community-centric on-chain launch model.
Currently, most token launches rely on hype and short-term gains, often neglecting community interests and failing to support long-term growth. Cooking.City addresses this issue by offering a more balanced and transparent approach to project launches. By enhancing inclusivity and reward mechanisms during the launch process, the platform sets a new standard for projects and token issuances in the market.
Building a New Paradigm for On-Chain Token Launches
Cooking.City leverages a series of innovative mechanisms to create a more transparent, fair, and incentivized token launch platform:
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Value Redistribution: Compared to traditional platforms, Cooking.City redistributes the majority of platform fees back to developers and users, fostering positive ecosystem development.
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Conviction Pool Mechanism: Through the "Conviction Pool," token issuers must deposit a certain amount of funds into a smart contract in advance to demonstrate their strong commitment to the project and establish market quality standards. This mechanism effectively filters out low-quality projects, protects traders, and showcases developers' long-term confidence and dedication.
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Social-Based Value Distribution System: As the first launchpad to introduce a referral commission system, Cooking.City reallocates fees within the ecosystem to enable sustainable growth—most fees go toward community referrals and trading rewards, part 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.
Backed by Top-Tier Institutions, Ushering in a New Era of On-Chain Launches
Cooking.City embodies the team's vision of an "Onchain Renaissance"—returning to the true spirit of Web3 by enabling builders and communities to share in the value of token launches, restoring the central role of communities in Web3 and reversing their marginalization.
Going forward, Cooking.City will continue partnering with developers and communities to explore new paradigms for transparent, fair, and organically growing Web3 asset launches.
About Cooking.City
Cooking.City is an innovative platform dedicated to reshaping fair token distribution. By aligning the incentives of developers, early supporters, and traders, Cooking.City encourages high-quality project growth, rewards community participation, and drives a healthier, more sustainable on-chain token launch ecosystem.
For more information, visit the official website Cooking.City or contact via email: jj@Cooking.City.
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