The Modern Financial Data Platform

Subscribe for $2
Analyse
Profile
Donut Stock

Donut

DONUT

Price

0.00
Today +/-
+0
Today %
+0 %

Donut Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität

Donut FAQ

What is Donut (DONUT)?

Donut (DONUT) is the native cryptocurrency of r/EthTrader, a distinctive Ethereum-centric community on Reddit. It underpins a SocialFi ecosystem by encouraging contributions, fostering engagement, and facilitating decentralized governance. Donuts are allocated based on user activities, such as posting, commenting, and participating in governance, establishing a fair and transparent reward framework for contributors. Furthermore, DONUT holders are empowered to influence subreddit policies and ecosystem modifications. The token also backs initiatives like tipping, special subreddit memberships, and domain-based identity systems.

Who Founded Donut?

The Donut ecosystem is presently managed by a pseudonymous team. The initial creator of the community points system is Carl Larson, a moderator of the r/EthTrader subreddit and an early participant in the Ethereum ecosystem. Another pivotal figure in the ecosystem is an individual known as "Marc Aurel," who has been instrumental in Donut's ongoing success and development. Marc manages various aspects of the Donut ecosystem, such as development, moderation, art, and community engagement, ensuring its consistent growth and innovation.

**What Distinguishes Donut?**

Donuts extend beyond mere internet points on the r/EthTrader subreddit; they are ERC-20 tokens capable of being transferred and utilized outside the subreddit, including in trading activities. As the inaugural Reddit Community Points introduced on Ethereum, Donuts enable users to actively engage with the platform. Holders of DONUT tokens have the ability to influence subreddit policies and effect ecosystem changes. The token also supports diverse initiatives, such as tipping, special subreddit memberships, and domain-based identity systems. The tokenomics of DONUT incorporate deflationary mechanisms, including burns from subreddit memberships and advertising revenue. Liquidity pools, community incentives, and a decentralized treasury further enhance its utility and growth potential. As one of the pioneering examples of a community token, DONUT exemplifies the true power of blockchain in social networks, merging DeFi and governance to establish a self-sustaining, user-driven ecosystem.

What is the Circulating Supply of Donut (DONUT) Tokens?

The total supply of DONUT stands at 227,302,502.55, with a circulating supply amounting to 122,377,705 DONUT. It is important to note that these figures may vary as Donut tokens are distributed on a monthly basis to sustain the ecosystem. Presently, the annual inflation rate for DONUT is 20.88 million.

What Security Measures Protect the Donut Token?

DONUT is an ERC-20 token developed on the Ethereum blockchain. This foundation offers the strong security of the Ethereum network, recognized as one of the most secure and decentralized blockchains available. The consensus mechanism of Ethereum guarantees the integrity and safety of DONUT transactions, while smart contracts facilitate transparent and trustless interactions within the ecosystem.

Investors interested in Donut are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.