Donut

Donut

DONUT
$0.015386248%4.67

Key Metrics

Price$0.015386248
Real Volume (24H)$705.54
Marketcap$1,851,826.06
Fully Diluted ValuationN/A
ATH$0.093022
ATH Date1/30/2021, 12:03:33 AM
ATL$0.00002839
ATL Date1/27/2021, 1:35:39 AM
Circulating Supply191M
Total Supply191M
WebsiteN/A
WhitepaperN/A
Popularity Rank2137
Chart
What is Donut?

Donut (DONUT) is an Ethereum-based token that is integrated with Reddit, the social media platform known for its sub-communities known as subreddits. It was created to encourage participation and engagement in the /r/ethtrader subreddit, where users can discuss anything related to Ethereum, trading, investment, and market-related topics.

As the first mainnet Ethereum integration with Reddit, DONUT is tokenized under the ERC20 standard, which allows for easy integration with various decentralized applications (dApps) and wallets. DONUT operates on the Ethereum mainnet, the public blockchain where real-value transactions take place on a distributed ledger.

The native token of the /r/ethtrader subreddit, DONUT can be earned by users simply for participating in the community and posting relevant content. This includes news, memes, and other market-related discussions. Every month, DONUTs are automatically placed into the user's Gnosis Safe wallet, a decentralized wallet that provides secure storage and management of various digital assets.

DONUTs are used to increase the weight of votes in community polls, purchase special memberships, upload GIFs in comments, buy badges, and even buy the top banner. However, when DONUTs are spent in this manner, they are burned or destroyed, reducing the total supply of DONUTs in circulation.

Registered users who contribute to the /r/ethtrader community receive fresh DONUTs every four weeks, depending on their level of participation. DONUTs are provided for various reasons, including liquidity incentives, development, and subreddit moderation. Additionally, when individuals receive DONUTs, they also earn CONTRIB in the same quantity.

CONTRIB is a unique token that cannot be transferred but can be used to limit specific actions to users who have earned their DONUTs rather than trading them. This encourages users to actively participate in the community and earn their DONUTs through engagement, rather than simply buying them on the market.

The maximum supply of DONUTs is 176,995,570.690 coins, which provides a sense of scarcity and exclusivity to the token. As more users participate in the /r/ethtrader community, the demand for DONUTs may increase, driving up their value and providing additional incentives for engagement.

In conclusion, Donut (DONUT) is a unique token that integrates with Reddit and encourages community engagement and participation. By rewarding users with DONUTs for their contributions, the /r/ethtrader subreddit has created a vibrant community of Ethereum enthusiasts, traders, and investors. As the first mainnet Ethereum integration with Reddit, DONUT represents an exciting development in the intersection of social media and blockchain technology.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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