CoinWorld news, the Solana ecosystem token issuance platform Cooking.City has completed a $7 million financing round, with participation from Jump, CMT Digital, Mirana, Bitscale Capital, and EVG. Cooking.City is committed to reshaping the token issuance mechanism, proposing a new sustainable, incentive-driven, community-centered model for on-chain issuance.

The new model proposed by Cooking.City includes: value redistribution (reallocating most platform fees to developers and users), a 'confidence pool' mechanism (token issuers must pre-deposit a certain amount of funds in a smart contract), and a socially-based value distribution system (introducing a referral commission system and redistributing fees within the ecosystem, with most fees used for community referrals and trading rewards, a portion returned to the token issuers, and the remainder invested in the platform's long-term development).