Donut is a crypto project that operates on the Ethereum main-net using ERC-20 tokens. These tokens, known as Donuts, are a testament to community contribution and engagement specifically within the /r/ethtrader subreddit. Participation and content contribution within /r/ethtrader results in earning Donuts, akin to an exclusive, spendable and trade-able version of karma within the subreddit.
Use of Donuts
Donuts can be utilized for a variety of purposes. Aesthetic perks can be bought via a unique subscription package, and the top banner of the subreddit, often used for advertising, can be purchased with Donuts. Moreover, Donuts facilitate a tipping system between users and contribute to vote weight in community governance polls.
Distribution and Staking of Donuts
Members of the subreddit are awarded Donuts in monthly batch allocations. There is an option to receive Donuts on the Ethereum main net or to choose receipt on the xDai sidechain. For liquidity providers on Uniswap (Ethereum main net) and Honeyswap (xDai), liquidity staking incentives are provided.
Donuts: A Reddit Community Points Initiative Prototype
Donuts were the pioneering prototype for Reddit's Community Points initiative. Following its establishment, the initiative has been expanded to include other subreddits such as /r/cryptocurrency (MOON) and /r/fortniteBR (BRICK).
Donut social statistic
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Telegram members
2,269,841
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