CoinVoice has recently learned that 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 aims to reshape the token issuance mechanism, proposing a sustainable, incentive-driven, and community-centered new model for on-chain issuance.
The new model proposed by Cooking.City includes: value redistribution (redistributing most platform fees back to developers and users), a 'confidence pool' mechanism (token issuers must deposit a certain amount of funds in advance into a smart contract), and a social-based value distribution system (introducing a referral commission system and redistributing fees within the ecosystem, with most fees allocated for community referrals and trading rewards, part returned to the token issuer, and the remainder invested in the long-term development of the platform). [Original link]
