DONUT token is
Donut is the dedicated token for the r/ethtrader subreddit.
It’s one of the early experiments of connecting a token with a subreddit.
DONUT is used for
- To buy the banner space in the subreddit
- To reward contributors of the subreddit
- Buy perks in the subreddit
- To vote on proposals in the Aragon DAO.
Why would value accrue to DONUT?
- Cashflow from advertising in the subreddit.
- Cashflow from buying perks in the subreddit.
An extensive article can be found here.
Potential Value generation
- Meme factor
- Has an audience
- Many people get a bag for free.
Buying banner space
- The advertiser chooses a price to pay for the day.
- The advertiser pays the same amount in tax per day.
- Anyone can outbid the advertiser to take the banner.
Read more here.
100 000 000 was the starting issuance distributed in relation to accumulated karma in the subreddit.
The total supply of Donut is 96,290,129.64246527 and inflating 2M per week.
- 85 % contributors
- 10 % community fund
- 5 % Moderators