Donut

Donut (DONUT)

$0.002483 USD (-25.10%)
0.00000013 BTC (-22.52%)
0.00000433 ETH (-19.73%)
Buy
Exchange
Gamble
Earn Crypto
  • Market Cap
    $? USD
    ? BTC
    ? ETH
  • Volume (24h)
    $10,973.62 USD
    0.58508661 BTC
    19.14750866 ETH
  • Circulating Supply
    ? DONUT

    Reported Circulating Supply

    102,066,631 DONUT
  • Total Supply
    110,345,520 DONUT

About Donut

Donut price today is $0.002483 USD with a 24-hour trading volume of $10,973.62 USD. Donut is down 25.10% in the last 24 hours. The current CoinMarketCap ranking is #3016, with a market cap of not available. The circulating supply is not available and the max. supply is not available.

Overview

Donuts are the subreddit points of the Reddit community at https://reddit.com/r/ethtrader, and double as a reputation system and signaling tool, which can be used for community governance. Users earn donuts for their contributions to the subreddit (based on karma). Donuts are used to vote on weighted polls, display reputation in comments, purchase badges, and more.

Subreddit points are an experimental feature only available in select subreddits, with Donuts being the first subreddit points integrated by Reddit. Most features are only available on the desktop redesign.

Tokenomics

After the initial round where 100 million donuts were issued, there are ongoing distribution rounds every week of 2 million Points based on contributions in the previous week. The weekly distributions happen in two phases. First, a CSV file is published to the subreddit with a user-by-user breakdown of the points they’ve earned in that round. Then, the community has a grace period of a week to change the distribution however they please, by passing a governance poll. Finally, the distribution round is executed after the grace period expires.

The distribution for ongoing issuances is:

  • 85% to users, based on contributions from the start of the subreddit (karma)
  • 10% to the Community Fund
  • 5% to moderators

Hamburger Tax for Banner Space

Donuts can be used to buy the banner of the /r/EthTrader on the redesign. The way this works is similar to the Harberger Tax. The person who buys it sets the daily ad price. They can purchase multiple days of banner ad time at a time. Anyone can purchase it from them with their Subreddit Points for the price that they set. The person who has the top banner pays a tax on it (10% of the one-day banner price, daily) for keeping the banner. Set the price too high, the more the owner pays in tax. Too low, and someone may buy it immediately.

If no one else buys the banner space while the current owner controls it, their banner continues to be shown until the amount they deposited for the banner purchase is replenished The owner cannot refuse the purchase if a buyer pays the price set by the owner. When users buy the banner from another user, points go to the original owner it was bought from. Tax is burned.

Donut Price Today
Donut Price$0.002483 USD
24 Hour High / Low
$0.003276 USD /
$0.002262 USD
24 Hour Volume$10,973.62 USD
Market CapNo Data
Market Rank#3016
Donut Price Yesterday
Yesterday's High / Low
$0.003325 USD /
$0.002283 USD
Yesterday's Open / Close
$0.003320 USD /
$0.002290 USD
Yesterday's Change$-0.001030 USD (-31.03%)
Yesterday's Volume$6,939.78 USD
Donut Price History
7 Day High / Low
$0.003696 USD /
$0.002262 USD
30 Day High / Low
$0.004957 USD /
$0.002262 USD
90 Day High / Low
$0.010594 USD /
$0.002262 USD
52 Week High / Low
$0.015442 USD /
$0.001633 USD
All Time High
$0.015442 USD
(Aug 11, 2020)
All Time Low
$0.001633 USD
(Aug 06, 2020)
Donut ROI
51.51%
Donut Supply
Circulating SupplyNo Data
Total Supply110,345,520 DONUT
Max SupplyNo Data
Sign up for our newsletter
Get crypto analysis, news and updates, right to your inbox! Sign up here so you don't miss a single one.