BlockBeats News, May 30th, Solana's ecosystem token issuance platform Cooking.City completed a $7 million financing round, with Jump Crypto leading this round of financing, and CMT Digital, Mirana, Bitscale Capital, and EVG participating. Cooking.City is committed to reshaping the token issuance mechanism and proposing a sustainable, incentive-driven, community-centric on-chain issuance model.
The new model proposed by Cooking.City includes: Value Redistribution (reallocating most of the platform fees to developers and users), a "Confidence Pool" mechanism (token issuers are required to pre-deposit a certain amount of funds into the smart contract), a social-based value distribution system (introducing a referral commission system and redistributing fees within the ecosystem, with most fees used for community referrals and transaction rewards, some returned to the token issuer, and the rest invested in the platform's long-term development).
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