PANews reported on May 30 that the Solana ecological token issuance platform Cooking.City completed a US$7 million financing, led by JumpCrypto, with participation from CMT Digital, Mirana, Bitscale Capital and EVG.

According to reports, Cooking.City has proposed a new on-chain issuance model that is sustainable, incentivized, and community-centric, including: value redistribution (redistributing most of the platform fees to developers and users), a "confidence pool" mechanism (token issuers are required 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 which is returned to the token issuer, and the rest is invested in the long-term development of the platform).