Tokenomics

Status: Under Development

The contents of this page are currently under development and may be updated frequently without prior notice. It is not recommended to use the information on this page for production purposes.

Transfer Restrictions The content contained in this website does not constitute an offer or sale of securities in or into the United States, or to or for the account or benefit of U.S. persons, or in any other jurisdictions where it is unlawful to do so. Transfer of COOK tokens may be subject to legal restrictions under applicable laws. Under no circumstances shall COOK tokens be reoffered, resold or transferred within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended.

Use Case

COOK is the governance token for the mETH protocol, used to vote on the direction of the ecosystem and other strategic matters.

Specification

Token Address

eth:0x9F0C013016E8656bC256f948CD4B79ab25c7b94D mantle:0x9F0C013016E8656bC256f948CD4B79ab25c7b94D

Compatibility ERC-20 compatible, DeFi compatible.

Omni Chain Format

COOK is natively deployed on Ethereum L1 and utilizes the LayerZero V2 OFT standard. It follows a Lock / Unlock mechanism on the Ethereum L1 Gateway, and a Mint / Burn mechanism on other chains. The amount locked on Ethereum L1 will always match the sum of net-minted tokens across all other chains.

When a user requests a bridge transaction from L1 to another chain, COOK will be locked in the relevant LayerZeroL1 Adapter (Gateway) smart contract, and minted on the destination chain (e.g., Mantle L2). User requests are cryptographically signed and verified by LayerZero endpoints on both source and destination chains. Users can bridge from any chain to any other supported chain without necessarily routing through Ethereum L1.

Bridge finality takes 5-20 minutes in any direction.

Total Supply

5,000,000,000 COOK

Distribution and Vesting

Category	Amount	Share	Vesting
Core Contributor Team	500,000,000	10%	12 month cliff, 3 year linear
mETH Protocol Community	2,500,000,000	50%
Private Sales	500,000,000	10%
Mantle Treasury	1,500,000,000	30%

Notes:

[1] The above numbers are estimates only and will be finalized prior to TGE. The scope will be restricted by the MIP-30 Authorization.

[2] Vesting schedules will commence with TGE and / or primary exchange listing date.

[3] Private Sales have not yet been finalized. The maximum allocation shall be 10% of total supply. Unallocated amounts shall be assigned to the Community category.