Start Cooking – Token minting on Cosmos 2024

Table of Contents

Start.cooking is a website which enables you to easily create your own token on the osmosis & injective blockchain.

What is Start.cooking?

On Start.cooking you can simply create your own token on Cosmos with just 2 clicks. The dapp is now live on Osmosis and Injective. $COOK, their own token, just launched in early August 2024.

What are Start.cooking’s features?

The usecase is pretty unique and also very strong, thats why the features are limited. The page is strictly designed to perfection for one specific feature.

Important features are:

Create your own token:

– You can create your own token for less then one dollar and less then 5 minutes of work.

Trade other token launched on start.cooking:

– Start.cooking offers the platform for your token to be traded by others, so also you can trade tokens which are created by others and try to gain huge profits.

Cookiedrop:

– With the Cookiedrop you currently can participate in the $COOK Airdrop which will happen soon. This competition lasts until the 1th September.

As the $COOK token will be tradeable at around 6th August 2024, this also will become a huge opportunity to invest in a rising star in the Cosmos ecosystem.

Most important Feature

Start.cooking allows you to create your own token on osmosis or injective for a fee of just 1 OSMO or 0.05 INJ which is less then one dollar. we show you how.

How to create your own token on Cosmos:

1. Visit start.cooking

– To create your own token you need to visit start.cooking.

2. Click on create

– Click the “create” category on the left hand side.

3. Connect your Wallet and create token

– Click on “connect to a wallet” on the top right side, choose your network (Osmosis or Injective), and keep in mind to have enough tokens for the gas fee’s.

4. Fill the recipe and start cooking.

– Now, simply answer these 4 questions in the recipe and create the token of your dreams!

1. How should we name your token?
e.g. HarryPotterObamaSonic10Inu

2. What should the ticker be?
e.g. BTC

3. Description
e.g. A village of frogs living together

4. Logo
Upload image of your token. (Max 800KB)

$COOK Airdrop explained

The Cookiedrop is a fair method to participate in the upcoming $COOK airdrop, we show you how to participate.

Cookiedrop explained:

1. Allocation

– 5% of the total supply were allocated for the Cookdrop (Cookdrop is finished already), 7% for the Cookiedrop.

2. How it works

– Points:
Every $OSMO or $INJ spent will earn cookies, which accumulate based on trading activity on start.cooking. More trading activity means you earn more cookies.

– Individual Competition:
Each swap earns cookies and contributes to the individual and the team competition.

– Team Competition:
Participants are divided into Community Teams based on specific criteria. These teams have already been created and subscriptions are closed. For example: Osmo Stakers, Atom Stakers, Bakers, …

3. Live Leaderboard

– During the competition, two live leaderboards monitor the progress of individuals and community teams.

4. Cookiedrop Distribution

– The exact split of the 7% is not finalized yet, but what we can say is that one part will be distributed proportionally among Community Team members, with stronger teams receiving more and weaker teams receiving less, and one part will be distributed individually based on final leaderboard rankings.

Cookdrop Explained

The Cookdrop was a way to reward cosmos ecosystem participants in general, unfortunately it is already closed, we still will take a look how easy it was to enter it:

All info about the Cookdrop:

1. Who was eligible?

Min. 100 OSMO staked.

Min. 10 ATOM staked.

Min. 1 Galactic Punks staked on Enterprise on Terra.

Min. 1 Galactic Mining staked on Enterprise on Terra.

Min. 1 Skeleton Punks staked on Enterprise on Terra.

Min. 1 ROAR staked or AmpRoar or Moar in wallet.

Min. 10 stAtom in wallet.

Min. 100 stOSMO in wallet.

Min. 100 ampOSMO staked on Eris Governance.

2. How to apply?

– To apply, you simply needed to visit start.cooking and connect your wallet to confirm that you’re eligible.
Once you clicked on the “Join” button you entered the Cookdrop. As the Cookdrop is closed, currently you still can participate in the Cookiedrop which we explained above.

$COOK Token

$COOK is the governance and utility token of start.cooking. All fees generated through start.cooking will be directed entirely to the DAO Treasury.

All info about the Cookdrop:

1. $COOK Tokenomics

Total Supply: 100,000,000

Team Allocation: 15%

DAO Treasury: 45%

Cookdrop: 5%

Cookiedrop : 7%

Public Raise and Initial Liquidity: 28%

Team allocation is vested over 3 years, ensuring a honest team and no selling pressure.

2. Governance and DAO Ownership

– As start.cooking is a DAO, you as a $COOK token holder will have direct impact in the decision-making process.

3. Fees Generated by the Protocol

– All fees generated on the platform are directed entirely to the DAO Treasury. You, as a $COOK Staker can then decide on the use of those funds. For example token buybacks or reward distribution for stakers

Conclusion

Start.cooking is a fun new project, its utility is yet unique and mostly, when a project is the first of its kind, it has a huge advantage in the market and a very high market cap follows quickly.