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

Against the backdrop 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. With its transparent point rules and the Conviction Pool mechanism at the time of token issuance, it has quickly become the focus of community attention.

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

Cooking Points Incentive System: Multi-dimensional incentives for user participation

With the gradual rollout of the platform’s full features, the points system of Cooking.City 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 in the following ways:

• Trading activities: Buying, selling, or holding tokens on the Cooking.City platform will earn trading points. By participating in the market through frequent trading, users will receive higher platform points rewards.
• Trade Michelin Tokens: Based on market performance and potential, approximately 10 of the highest quality tokens will be generated on the platform at a future stage, called “Michelin Tokens.” Trading these top-performing tokens can earn a points coefficient bonus, incentivizing users to pay attention to high-potential quality projects.
• Invitation mechanism: On the Cooking.City website, you can obtain a personal invitation code and invitation link. After inviting new users to join, the trading volume of the referred user will bring point rewards to the inviter. The larger the trading volume of the referred user, the inviter will progressively receive 1-10 times the point multiplier.
• Community tasks: Complete tasks released by the platform, such as liking, commenting, and sharing interactions with the official account on X, or interact with the #CookingCity tag or participate in community activities to earn additional points and enhance the exposure of your personal account.

User’s personal points data will be displayed through the user panel and updated once a day. Since the platform went live, users’ past transaction data can be counted towards points, lowering the entry barrier for early participants. It is reported that points are linked to future Airdrops, becoming the core motivation for users to participate in the platform.

Conviction Pool: An innovative token issuance mechanism that enhances trust.

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

The Conviction Pool is the core mechanism that distinguishes Cooking.City from other Launchpads, by enhancing the commitment of developers.

• Developer Lock: When creating a token, developers 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 drops 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 the quality of tokens in the market. If the token price does not fall below the set level, the developers can retrieve the SOL from the Conviction Pool.

This innovative “confidence pool” mechanism effectively balances the interests of developers and traders, helps attract the launch of truly high-quality projects in the market, enhances traders’ confidence, and achieves a positive feedback loop effect.

Leading the revival on the Solana chain

Cooking.City is positioned as the next-generation fair launch platform in the Solana ecosystem. Compared to Pump.fun, it gives back a high share of platform revenue to the community, emphasizing “value redistribution” by channeling platform revenue back into the community and the Solana ecosystem.

In the context of the Pump.fun plan to issue tokens, Cooking.City, as the only Launchpad project that has not yet issued tokens, will attract early users with the expectation of future Airdrops, and reshape the model of issuing and trading markets on the Solana chain through the transparency of the points system and the protection mechanism of the Conviction Pool.

On the launch day, Cooking.City introduced the user points panel and rules explanation. The first batch of participants will also receive high early bird commission rewards, while developers can earn 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 commitments.

As competition intensifies in the Solana Launchpad track, Cooking City offers traders and developers a new opportunity worth关注 with its innovative mechanisms and airdrop expectations. In the future, the Cooking.City platform aims to continuously diversify asset issuance and trading methods within the Solana ecosystem through its evolving infrastructure and mechanisms.

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