Understanding Cooking.City: Day1's Revealed Airdrop on Solana Launchpad
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Understanding Cooking.City: Day1's Revealed Airdrop on Solana Launchpad
Cooking.City builds a fair and transparent token launch ecosystem through its points system and Conviction Pool.
Navigating Web3 tides with focused insightsPump.fun is preparing to launch its token with a $4 billion valuation, while most other Solana launchpads have already issued platform tokens upon release. The Solana ecosystem never lacks new opportunities—emerging launchpad platform Cooking.City recently announced the introduction of its "Cooking Points" points system and the core Conviction Pool mechanism, aiming to attract traders and developers through innovative incentives and fair token launch models.
Amid intensifying competition in the Solana-based launchpad space, Cooking.City has secured investments from top-tier institutions such as Jump and CMT Digital. With transparent points rules and its unique Conviction Pool mechanism at token launch, it has quickly become a focal point within the community.
This article will help you fully understand Cooking.City by examining its points system, platform mechanisms, and market positioning.
Cooking Points System: Multi-Dimensional Incentives for User Participation
As full platform features roll out progressively, Cooking.City's points system is now officially open to users, rewarding various user behaviors to build an active community ecosystem.
After reaching 1 SOL in trading volume on the platform, users can accumulate Cooking Points through the following actions:
- Trading Activity: Buying, selling, or holding tokens on the Cooking.City platform earns trading points. Users who actively participate in the market through frequent trades receive higher platform point rewards.
- Trading Michelin Tokens: Based on market performance and potential, approximately 10 of the highest-quality tokens on the platform will be designated as "Michelin Tokens" in a future phase. Trading these top-performing tokens grants bonus multipliers, encouraging users to focus on high-potential, premium projects.
- Referral Program: Users can obtain a personal referral code and link from the Cooking.City website. By inviting new users, referrers earn boosted points based on their invitees' trading volume—the greater the invitee’s trading volume, the higher the multiplier (ranging from 1x to 10x).
- Community Tasks: Completing tasks issued by the platform—such as liking, commenting, or reposting official posts on X, using the #CookingCity hashtag, or participating in community events—earns additional points and increases individual account visibility.
Individual user point data is displayed via a user dashboard and updated daily. Since launch, historical trading activity has been retroactively counted toward points, lowering the barrier for early participation. Notably, these points are tied to future airdrops, serving as a key incentive for user engagement.
Conviction Pool: An Innovative Token Launch Mechanism to Build Trust
The Conviction Pool is the core differentiator of Cooking.City compared to other launchpads. It enhances platform transparency through developer commitment, making it easier for traders to identify high-quality projects. Its operation includes:
The Conviction Pool is the core differentiator of Cooking.City compared to other launchpads. It enhances plat
- Developer Lock-up: When creating a token, developers may choose to lock a certain amount of SOL into the Conviction Pool and set a trigger price, demonstrating confidence and commitment to the project's market performance.
- Price Protection: If the token successfully graduates (i.e., reaches a certain market cap), the Conviction Pool is activated. Should the token price fall below the preset level, users can redeem their purchased tokens from the Conviction Pool for SOL—functioning like an “insurance mechanism” that sets a quality benchmark for listed tokens. If the price remains above the threshold, developers can reclaim the locked SOL from the pool.
This innovative “conviction pool” mechanism effectively balances the interests of developers and traders, helping attract genuinely high-quality projects to the platform and boosting trader confidence, thereby creating a positive flywheel effect.
Leading the Solana On-Chain Revival
Cooking.City positions itself as the next-generation fair launch platform for the Solana ecosystem. Compared to Pump.fun, it emphasizes “value redistribution” by returning a significant portion of platform revenue back to the community, reinvesting proceeds into both the community and the broader Solana ecosystem.
With Pump.fun planning to issue its own token, Cooking.City stands out as the only major launchpad yet to launch a token. This gives it a strategic advantage: leveraging anticipated airdrops to attract early adopters, while using its transparent points system and Conviction Pool protection mechanism to reshape the model for token launches and trading on Solana.
On launch day, Cooking.City rolled out its user points dashboard and rulebook. Early participants also received generous “early bird” commission rebates, while developers launching Michelin Tokens gained additional point bonuses and access to platform support opportunities.
Summary
Through its points system and Conviction Pool, Cooking.City has built a fair and transparent token launch ecosystem. The points system incentivizes trading, referrals, and community engagement, while the Conviction Pool strengthens trust via price protection and developer commitments.
At a time of growing competition among Solana launchpads, Cooking.City offers traders and developers a compelling new opportunity through its innovative mechanisms and strong airdrop potential. Going forward, Cooking.City aims to continuously diversify asset issuance and trading methods in the Solana ecosystem through evolving infrastructure and incentive design.
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