Oct 29, 03:00 PM

$COOK Token Launches on Bybit at $0.043 with $215M FDV, 20M Prize Pool, and 60% Community Allocation

The governance token $COOK, associated with the mETH protocol and the 0xMantle ecosystem, has been officially listed on the Bybit exchange. The initial trading price for $COOK is approximately $0.043, suggesting a fully diluted valuation (FDV) of around $215 million, which some analysts believe is conservatively valued compared to similar protocols. The recent launch includes airdrop rewards for eligible participants, with 60% of the total supply allocated to the community. Additionally, $COOK has adopted the OFT Standard, allowing it to move seamlessly between the 0xMantle and Ethereum networks. The total value locked (TVL) in the mETH protocol exceeds $1 billion, with the airdrop currently seeing only 17% of its tokens claimed. A prize pool of 20 million COOK tokens is available for users who deposit and trade on Bybit, further incentivizing engagement with the new token.

#Bybit #OFT Standard #Ethereum

Written with ChatGPT (GPT-4o mini).