Tokens

$COOK is a governance token that can be used to create proposals on COOK governance platform and cast votes on proposals.

The governance process, modelled after the governance mechanism of Uniswap, allows our community to become deeply involved in every aspect of the Cook platform: to make suggestions, changes and to vote on the updates. $COOK is required to participate in all aspects of the Cook governance process.

Currently $COOK derives value by being a governance token used for voting on improvement protocols for the Cook platform (CIPs). We believe that focusing on decisions that benefit the Cook platform in the long term is what brings value to $COOK.