| Website | Details |
|---|---|
| Earning Ways: | By participating & contributing content to /r/ethtrader |
| Supported Currencies: | DONUT |
| Minimum Withdrawal: | |
| Faucet Claim: | N/A |
| Payouts Via: | Direct Wallet |
| Refferal Program | No, |
| Name | Link | |||
|---|---|---|---|---|
|
$DONUT |
|
Visit |
Copy & Paste The link from here to open this site in your Browser!
Join Our Telegram Channel
Share Your Referral Link
About Website/App
Q: What are donuts?
A: Donuts are tokens running on the Ethereum main-net that represent community contribution & engagement here at r/ethtrader. Donuts follow the ERC-20 standard and are the first ever implementation of Reddit Community Points. An easy way to think of them is a spendable and tradeable Karma, but exclusive to this subreddit.
------------------------------------------------------------------
Q: What are donuts used for?
A: Donuts can be used for additional vote weight in community polls, tipping other users, purchasing special memberships, posting GIFs in comments, obtaining special-colored names, purchasing badges, and even purchasing the top banner (which can be used for advertising).
Donuts spent in these ways are burned, meaning they are destroyed and leave circulation.
------------------------------------------------------------------
Q: How do I earn donuts?
A: As long as you first register an Ethereum address with Reddit, donuts can be earned by simply posting & commenting in the r/ethtrader subreddit. There is a correlation between karma earned and how many donuts you will get, though it is not 1:1. Additionally, posts flaired as Comedy or Media are worth 10% of the donuts as other posts.
Donuts can also be earned by providing DONUT-ETH liquidity on Uniswap and DONUT-XDAI liquidity on Honeyswap. The staking tokens can be deposited into staking contracts to earn extra donuts.
Moderators also receive monthly donuts.
------------------------------------------------------------------
Q: How do I register for donuts?
A: Install Metamask and visit r/ethtrader on a desktop computer while using the "New Reddit" interface. The first post will be replaced with a registration process.
NOTE: It's not a bad idea to create a brand new Ethereum account just for donuts.
Here are the exact steps with pictures:
-
Locate the donut registration prompt on the main ethtrader page. [picture]
-
On the About tab, click Start. [picture]
-
Install the Metamask extension if you don't already have it. (use a search engine to find the install link specific for your browser)
-
On the Metamask tab, click Continue. [picture]
-
On the Wallet tab, click Next. [picture]
-
On the Connect tab, click Connect. [picture]
-
Metamask will pop up. Click Next and navigate through its prompts. (This step shares your account's public key with Reddit) [picture]
-
On the Verify tab, check the box and click Verify in Metamask. [picture]
-
Metamask will pop up again. Click Sign. (This step signs a message with your account's private key, proving that you own the public key shared in step #7) [picture]
-
Success! [picture]
Once successfully registered, a donut icon will appear after your name whenever you post with your donut amount. (which is probably zero, starting out)
------------------------------------------------------------------
Q: How often are new donuts minted?
A: A fresh batch of donuts is baked every 4 weeks.
------------------------------------------------------------------
Q: How do I claim my donuts?
A: Donuts are automatically sent to your wallet address on the Gnosis chain. You don't have to take any additional steps to claim them.
------------------------------------------------------------------
Q: Where can I buy & sell donuts?
A: There are a couple options, but Uniswap has by far the best liquidity on Main Net. Honeyswap has the most liquidity on the Gnosis chain.
------------------------------------------------------------------
Q: How many donuts are in circulation?
A: 140 million at the time of writing this. You can view up-to-date statistics on the etherscan donut page.
------------------------------------------------------------------
Q: What is CONTRIB?
A: Whenever a user earns donuts, they earn an equal amount of CONTRIB. CONTRIB is a separate token and is non-transferrable. It essentially shows life-time earnings, even if a user has sold their donuts. It can also be used to potentially restrict some actions to users that earned their donuts, rather than purchased them.
------------------------------------------------------------------
Q: What are the costs to purchase the banner?
A: The cost to purchase the banner is a variable rate that uses a Harberger Tax. The owner of the banner sets a price point in donuts and pays a 10% daily rent to keep ownership. Any other user can purchase ownership of the banner by paying the buy-out cost. If the previous owner does not pay the daily tax, the cost to purchase the banner drops to zero.
As an example, Alice buys the banner. She sets the price at 10,000 donuts. This means she must pay 1,000 donuts per day to maintain ownership of the banner. At any time, Bob can take ownership of the banner by paying Alice's buy-out price of 10,000 donuts. If he does, he then chooses the next buy-out price and, by extension, his daily rent amount.
------------------------------------------------------------------
Q: How long have donuts been around?
A: Since 2018, though they weren't ERC-20 tokens to start. They started out as simply numbers stored on Reddit's servers. Donuts transitioned to be decentralized in late 2019 & early 2020.
------------------------------------------------------------------
Q: Is this idea of community points being tried elsewhere on Reddit?
A: Yes. Both r/cryptocurrency and r/FortNiteBR have a test implementation of Reddit community points implemented. Both of those currencies are running on Ethereum test networks. Donuts are the only implementation running on the Ethereum mainnet.
------------------------------------------------------------------
Q: I had donuts from a couple years ago, can I still claim them?
A: Unfortunately, no. In late 2019 & early 2020, donuts transitioned from being centralized on Reddit's servers to decentralized tokens on Ethereum. There was a period of a couple months where users needed to log in and claim their donuts - this was done by providing Reddit with an Ethereum address. Any donuts not claimed after those months were lost.
Additional Information
Users earn Donuts simply by participating and contributing content to /r/ethtrader. Think of them as a spendable and tradeable karma, but exclusive to the /r/ethtrader subreddit.
 Voting Donuts increase a user's vote weight in community governance polls. |
 Special Membership Donuts can be used to purchase special memberships, which bring a number of aesthetic perks. |
 Banner Advertising Donuts can be used to purchase control of the top banner, often used for advertising purposes. |
 Tipping Donuts can be used to tip other users for content you appreciate. |
|---|
Following the ERC-20 token standard, Donuts are the first ever implementation of Reddit Community Points. Donuts exist on both the Ethereum main net and the Gnosis chain.
Donuts are distributed automatically to all users on the Gnosis chain on a monthly basis.
New Donuts are baked and distributed every 4 weeks to registered users, based off of their contribution to the /r/ethtrader subreddit. There is a correlation between karma earned and how many Donuts a user will receive, though it is not 1:1. Donuts are also distributed for other purposes, such as liquidity incentives, further development of Donuts, and subreddit moderation.
 |
Donut Distributions | |
|---|---|---|
| Posts: | 510K Donuts per distribution | |
| Comments: | 340K Donuts per distribution | |
| Bonus to Posts, by Receiving Tips: | 340K Donuts per distribution | |
| Community Treasury Funds: | 255K Donuts per distribution | |
| Donut Tipping & Content Curation: | 170K Donuts per distribution | |
| Uniswap Liquidity Incentives: | 400K Donuts per distribution | |
| Honeyswap Liquidity Incentives: | 200K Donuts per distribution | |
| Moderation: | 85K Donuts per distribution | |
 |
Donut Burns | |
| Donuts spent on premium memberships are burned, leaving circulation and forever destroyed. In addition, ownership of the banner follows a Harberger Tax system, in which the owner must pay a daily tax in order to retain ownership. Donuts spent in this way are also burned, forever destroyed. |
||
WHOIS Information
Domain Name: donut-dashboard.com
Registry Domain ID: 2607056894_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: https://www.godaddy.com
Updated Date: 2023-04-23T09:48:10Z
Creation Date: 2021-04-22T15:33:54Z
Registrar Registration Expiration Date: 2024-04-22T15:33:54Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email:
Registrar Abuse Contact Phone: +1.4806242505
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited https://icann.org/epp#clientUpdateProhibited
Domain Status: clientRenewProhibited https://icann.org/epp#clientRenewProhibited
Domain Status: clientDeleteProhibited https://icann.org/epp#clientDeleteProhibited
Registry Registrant ID: Not Available From Registry
Registrant Name: Registration Private
Registrant Organization: Domains By Proxy, LLC
Registrant Street: DomainsByProxy.com
Registrant Street: 2155 E Warner Rd
Registrant City: Tempe
Registrant State/Province: Arizona
Registrant Postal Code: 85284
Registrant Country: US
Registrant Phone: +1.4806242599
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: Select Contact Domain Holder link at
https://www.godaddy.com/whois/results.aspx?domain=donut-dashboard.com
Registry Admin ID: Not Available From Registry
Admin Name: Registration Private
Admin Organization: Domains By Proxy, LLC
Admin Street: DomainsByProxy.com
Admin Street: 2155 E Warner Rd
Admin City: Tempe
Admin State/Province: Arizona
Admin Postal Code: 85284
Admin Country: US
Admin Phone: +1.4806242599
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: Select Contact Domain Holder link at
https://www.godaddy.com/whois/results.aspx?domain=donut-dashboard.com
Registry Tech ID: Not Available From Registry
Tech Name: Registration Private
Tech Organization: Domains By Proxy, LLC
Tech Street: DomainsByProxy.com
Tech Street: 2155 E Warner Rd
Tech City: Tempe
Tech State/Province: Arizona
Tech Postal Code: 85284
Tech Country: US
Tech Phone: +1.4806242599
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: Select Contact Domain Holder link at
https://www.godaddy.com/whois/results.aspx?domain=donut-dashboard.com
Name Server: RIHANA.NS.CLOUDFLARE.COM
Name Server: SCOTT.NS.CLOUDFLARE.COM
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
Chat With Online Users
