Donut

What Is Donut (DONUT)?

Donut (DONUT) is the native token of r/EthTrader, a unique Ethereum-focused community on Reddit. It powers a SocialFi ecosystem by incentivizing contributions, promoting engagement, and enabling decentralized governance. Donuts are distributed based on user activity, such as posting, commenting, and participating in governance, creating a fair and transparent reward system for contributors. Additionally, DONUT holders have the ability to influence subreddit policies and ecosystem changes. The token also supports initiatives such as tipping, subreddit special memberships, and domain-based identity systems.

Who Are the Founders of Donut?

The Donut ecosystem is currently maintained by a pseudonymous team. The original developer of the community points system is Carl Larson, a moderator of the r/EthTrader subreddit and an early contributor to the Ethereum ecosystem. Another key figure in the ecosystem is an individual known as "Marc Aurel", who has played an irreplaceable role in Donut's continued success and growth. Marc oversees several aspects of the Donut ecosystem, including development, moderation, art, and community engagement, ensuring its steady expansion and innovation.

What Makes Donut Unique?

Donuts are more than just internet points on the r/EthTrader subreddit, they are ERC-20 tokens that can be transferred and used outside of the subreddit, including for trading. As the first-ever Reddit Community Points launched on Ethereum, Donuts offer a way for users to engage with the platform. DONUT holders have the ability to influence subreddit policies and ecosystem changes. The token also supports various initiatives, including tipping, special subreddit memberships, and domain-based identity systems. Tokenomics behind DONUT include deflationary mechanisms, such as burns from subreddit memberships and advertising revenue. Liquidity pools, community incentives, and a decentralized treasury further increase its utility and growth potential. As one of the earliest examples of a community token, DONUT shows the true power of blockchain in social networks, combining DeFi and governance to create a self-sustaining, user-driven ecosystem.

How Many Donut (DONUT) Tokens Are There in Circulation?

The total supply of DONUT is 227,302,502.55, with a circulating supply of 122,377,705 DONUT. However, these numbers can fluctuate as Donuts are distributed monthly to support the ecosystem. Currently, the yearly inflation rate for DONUT is 20.88 million.

How Is the Donut Token Secured?

DONUT is an ERC-20 token, meaning it is built on the Ethereum blockchain. This provides it with the robust security of the Ethereum network, which is one of the most secure and decentralized blockchains in existence. Ethereum's consensus mechanism ensures the integrity and safety of DONUT transactions, while smart contracts enable transparent and trustless interactions within the ecosystem.