$COOK

Native utility token of Cook.

$COOK is the native ERC-20 token of COOK Finance.

You use your $COOK to buy pot or buy in-game perks assets.

Where can you buy $COOK?

There are three main ways to buy $COOK token:

• Bonding: Acquire $COOK at a discount by bonding with either LP tokens or listed token.

• Market: Using the Decentralized Exchange (DEX): Shadow

• Reward: Get the produced $COOK from your pot

$COOK Supply

$COOK has an initial supply of 775 000 tokens.

Distribution:

• Private sale: 250000

• Public sale: 250000

• LP: 100000

• Vested Team: 100000 (Vested for 6 months)

• Marketing: 75000

• Reward pool: 225000

Why did we not mint the Reward pool tokens? Well we decided for the sake of the protocol health to use a burn/mint mechanism instead. So no need for a reward pool.

The burn/mint mechanism is a better control over the supply.

When a user mints a new Pot/Cookbook/Ladle we burn 80% of the tokens, hence increasing the excess reserve of the treasury.

Having extra excess reserve allows the FSIS to mint new fresh $COOK when a Pot is claimed.

$COOK supply does not have a hard cap. Its supply increases when:

• $COOK is minted and distributed to the cauldrons owners.

• $COOK is minted for the bonder. This happens whenever someone purchases a bond.