Odaily News Solana Ecosystem Token Distribution Platform Cooking.City has completed a $7 million financing round led by Jump Crypto, with participation from CMT Digital, Mirana, Bitscale Capital and EVG. Cooking.City is committed to reshaping the token issuance mechanism and proposing a new on-chain issuance model that is sustainable, incentive-based, and community-centric.
The new model proposed by Cooking.City includes: value redistribution (redistributing most of the platform fees to developers and users), a "confidence pool" mechanism (the token issuer needs to deposit a certain amount of funds in the smart contract in advance), and a social-based value distribution system (introducing a referral rebate system and redistributing fees within the ecosystem, with most of the fees used for community recommendations and transaction rewards, part of it returned to the token issuer, and the rest invested in the long-term development of the platform).