Cooking.City’s Solana-Powered Fair-Launch Platform Sizzles to Life – Your Next Alpha?
Solana's ecosystem just got hotter. Cooking.City fires up its fair-launch platform, serving retail investors a shot at equitable token distribution—no VC whales allowed.
The sous vide of crypto launches
While other chains drown in bot-driven gas wars, Solana's low fees and speed make it the logical home for transparent launches. Cooking.City's smart contracts automate vesting schedules and anti-sniping measures—finally putting the 'fair' in fair launch.
Bon appétit or buyer beware?
Early participants get first dibs on project tokens, but let's not pretend this isn't crypto's version of a lottery ticket. Just remember: even the best kitchens occasionally serve burnt toast. (And yes, we see you, 'fair launch' projects that mysteriously pump 1000% for insiders.)
Newly introduced fair-launch platform, Cooking.City has gone live on Solana, bringing back value redistribution to the blockchain’s fair launches. Emphasizing ecosystem sustainability and long-term development, the project is backed by institutional investors including Jump and CMT Digital.
The community-first platform focuses on value redistribution rather than value extraction, and with its full launch, it reveals its Core mechanisms and points system to better align incentives between traders and developers, while creating new ways to participate in on-chain launches.
To share its revenue with users, the platform utilizes a referral system that enables referrers to earn fee rebates and points based on their invitees’ trading activities. Cooking.City is also offering users airdrops, encouraging interaction between traders and quality token launches ahead of its own token launch.
To prepare for the token launch, users can check their dashboard every day for the rules of rewards and point history. The system rewards top referrers and traders with significant reward multipliers to further amplify their future rewards.
Cooking.City has also introduced the Cooking Points system which rewards users who actively engage with the platform across multiple dimensions including trading on Cooking.City, referrals, and social quests.
While trading on Cooking.City, users with higher trading volumes get higher points. High market cap with healthy trading volume tokens are designated as Michelin Tokens, and trading them can offer bonus points multipliers.
Users can also share referral codes and earn up to 10x point multipliers based on the trading activity of referred users, as well as engage in social media quests such as liking, commenting, sharing official tweets, or using the #CookingCity tag, which unlocks additional point rewards.
Points are retroactively calculated based on activity since launch and will be tied directly to future airdrop events. They are displayed on the dashboard daily.
Cooking.City also has another mechanism known as Conviction Pool, which is a capital-based launch feature to signify a good launch. Conviction Pool holds developers accountable and helps traders distinguish between quality launches and random ones.
Through this mechanism, developers can choose to deposit some SOL and set a price that signals their conviction in the token. The system also uses soft price protection to protect users. It works by activating the Conviction Pool with SOL if the token graduates, or allowing users to swap their purchased tokens into SOL if the price falls to a set level.
This serves as insurance, establishing benchmarks for quality in the market. Developers can claim back the SOL from the conviction pool if the price of the token does not fall to the set level. With this insurance mechanism in place, low-effort launches are filtered out, allowing only projects with high commitment to succeed. The launchpad is the first step towards its greater on-chain nation, which helps more promising projects enter the crypto space through Cooking.City.
