Solana Fair Reintroduces Value Redistribution Through Cooking.City Restart
Cooking.City, a pioneering platform built on Solana, is making waves in the crypto world by prioritizing ecosystem sustainability and long-term community development over short-term gains. This fair-launch platform is designed to align incentives between traders, developers, and the broader community through innovative mechanisms that ensure value is redistributed, rather than extracted from participants.
## Key Features
### Community-First Platform
Cooking.City stands out by focusing on value redistribution instead of value extraction, aiming to foster a healthier, more inclusive ecosystem for all stakeholders.
### Cooking Points: Multi-Layered Incentive System
The platform offers a unique multi-layered incentive system, rewarding users for their engagement. Trading on Cooking.City yields points, with higher trading volumes resulting in more points. Trading so-called "Michelin Tokens" (high market cap, healthy trading volume tokens) offers bonus point multipliers.
Users can also share referral codes and earn up to 10x point multipliers based on the trading activity of users they refer. This system also includes fee rebates for top referrers. Engaging with the platform’s official social media channels grants additional point rewards. Each user has a personal dashboard that tracks points, daily updates, and reward history.
### Conviction Pool
Cooking.City introduces the Conviction Pool, a mechanism to hold developers accountable and distinguish quality launches from random ones. While specifics about how the Conviction Pool operates are not detailed, it is designed to gather community backing and support for new token projects, ensuring launches are merit-based and community-vetted.
### Value Redistribution Model
Platform revenues are shared with users, particularly through its referral system and point-based rewards. This approach channels platform value back to the community rather than to a small group of insiders. The platform aims to attract early users and quality projects by offering highly anticipated airdrops and by encouraging organic growth through user engagement and referrals.
## Summary Table
| Feature | Description | |------------------------|---------------------------------------------------------------------------------------------------| | Trading Rewards | Points for trading; bonus multipliers for trading Michelin Tokens | | Referral Program | Up to 10x point multipliers and fee rebates for top referrers | | Social Quests | Points for engaging on social media | | Dashboard | Tracks points, rewards, and user activity daily | | Conviction Pool | Community-supported mechanism for merit-based token launches | | Value Redistribution | Platform revenues shared with users via referrals and points; airdrops for early supporters |
Cooking.City’s model is designed to incentivize participation, support quality launches, and ensure that the value generated on the platform benefits the broader community. The platform has fully launched and revealed its core mechanisms and points system, with the Cooking Points system now live, rewarding users for active engagement with the platform.
- Cooking.City, with its focus on value redistribution, is utilizing a unique multi-layered incentive system that rewards users for trading and engaging on the platform.
- By trading popular tokens called "Michelin Tokens", users can earn bonus point multipliers, while engaging with social media channels grants additional points.
- In an effort to encourage long-term community development, Cooking.City is also introducing the Conviction Pool, a mechanism to support quality launches by gathering community backing and vetting new token projects.
