Solana Ecological Token Issuance Platform Cooking. City raises $7 million, led by Jump Crypto

BlockBeats news: On May 30th, Solana's ecological token issuance platform Cooking. City completed a $7 million financing round, led by Jump Crypto, with CMT Digital, Mirana, Bitscale Capital, and EVG participating. Cooking. City is committed to reshaping the token issuance mechanism and proposing a new sustainable, incentive based, and community centered on chain issuance model. The new model proposed by Cooking. City includes value redistribution (redistributing most platform fees to developers and users), a "confidence pool" mechanism (token issuers need to deposit a certain amount of funds in advance in smart contracts), and a social based value distribution system (introducing a referral rebate system and redistributing fees within the ecosystem, with most fees used for community recommendations and transaction rewards, some returned to token issuers, and the rest invested in the long-term development of the platform).