Cooking.City has built a fair and transparent token launch ecosystem through its points system and Conviction Pool.

Pump.fun is about to issue tokens with a valuation of 4 billion, while other Solana Launchpads have already issued platform tokens upon product launch. The Solana ecosystem is never short of new opportunities. The emerging Launchpad platform Cooking.City recently announced the launch of its "Cooking Points" points system and the core mechanism of the Conviction Pool, aiming to attract traders and developers through innovative incentive mechanisms and a fair token launch model.

In the context of intensified competition in the Launchpad track on the Solana chain, Cooking.City has received investments from top institutions such as Jump and CMT Digital, quickly becoming the focus of community attention with its transparent points rules and the Conviction Pool mechanism during token issuance.

This article will help you understand Cooking.City from three aspects: the points system, platform mechanism, and market positioning.

Cooking Points Points System: Multi-dimensional Incentives for User Participation

With the gradual rollout of the platform's full features, Cooking.City's points system is officially open to users, creating an active community ecosystem by rewarding various user behaviors.

After reaching a trading volume of 1 SOL on the platform, users can accumulate Cooking Points through the following methods:

• Trading Activities: Users can earn trading points by buying, selling, or holding tokens on the Cooking.City platform. By participating in the market through frequent trading, users will receive higher platform points rewards.
• Trading Michelin Tokens: Based on market performance and potential, approximately 10 of the highest quality tokens on the platform will be generated in the future, called "Michelin Tokens." Trading these top-performing tokens will provide a points coefficient bonus, encouraging users to focus on high-potential quality projects.
• Invitation Mechanism: Users can obtain a personal invitation code and link on the Cooking.City website. After inviting new users to join, the trading volume of the referred users will bring additional points rewards to the inviter. The larger the trading volume of the referred users, the inviter will receive a points multiplier ranging from 1 to 10 times.
• Community Tasks: Completing tasks released by the platform, such as liking, commenting, and sharing interactions with the official account on X, or using the #CookingCity tag to interact or participate in community activities, can earn extra points and enhance personal account exposure.

Users' personal points data will be displayed through the user panel, updated once daily. Since the platform's launch, users' past trading data can be counted towards points, lowering the entry barrier for early participants. It is reported that points are linked to future airdrops, becoming a core motivation for users to participate in the platform.

Conviction Pool: An Innovative Token Issuance Mechanism to Enhance Trust

The Conviction Pool is the core mechanism that distinguishes Cooking.City from other Launchpads. By having developers commit to enhancing platform transparency, it makes it easier for traders to access quality projects. Its operation includes:

• Developer Lock-in: When developers create tokens, they can choose to lock a certain amount of SOL into the Conviction Pool and set a trigger price, demonstrating their confidence and commitment to the market performance of the token project.
• Price Protection: If the token successfully graduates (i.e., reaches a certain market value), the Conviction Pool will be activated. If the token price falls to the set level, users can exchange the tokens they purchased from the Conviction Pool for SOL, similar to an "insurance mechanism," setting a benchmark for token quality in the market. If the token price does not fall below the set level, developers can retrieve the SOL from the Conviction Pool.

This innovative "Conviction Pool" mechanism effectively balances the interests of developers and traders, helping to attract truly high-quality projects in the market and enhancing traders' confidence, achieving a positive feedback loop.

Leading the Revival on the Solana Chain

Cooking.City positions itself as the next-generation fair launch platform in the Solana ecosystem. Compared to Pump.fun, it emphasizes "value redistribution" by returning a high share of platform revenue to the community, feeding back into the community and the Solana ecosystem.

In the context of Pump.fun planning to issue tokens, Cooking.City, as the only Launchpad project yet to issue tokens, will attract early users with expectations of future airdrops, reshaping the model of issuance and trading in the Solana chain through the transparency of its points system and the protective mechanism of the Conviction Pool.

On the day of launch, Cooking.City introduced the user points panel and rules explanation, and the first batch of participants will receive high early bird commission rewards. Developers can also gain additional points rewards and platform support opportunities by launching Michelin Tokens.

Summary

Cooking.City has built a fair and transparent token launch ecosystem through its points system and Conviction Pool. The points system incentivizes users to trade, refer, and participate in community activities, while the Conviction Pool enhances trust through price protection and developer commitment.

In the current context of intensified competition in the Solana Launchpad track, Cooking.City offers traders and developers a new opportunity worth paying attention to with its innovative mechanisms and airdrop expectations. In the future, the Cooking.City platform hopes to continuously diversify asset issuance and trading methods in the Solana ecosystem through its evolving infrastructure and mechanisms.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。