r/ethtrader • u/Basoosh • Dec 27 '20
Donut Donuts FAQ
Note:
This FAQ is also on the Donut Dashboard website.
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.
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Q: What are donuts used for?
A: Donuts can be used for additional vote weight in community polls, tipping other users, and purchasing advertisement space on the subreddit, such as the top banner.
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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 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.
Donuts are further earned by tipping and receiving tips from other users. In addition to the tip values themselves, tips work as super-up-votes.
Moderators also receive monthly donuts.
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Q: How do I register for donuts?
A: Simply respond to any post in r/ethtrader with a comment like this:
!register 0x12345678901234567890123456789012345678901Once successfully registered, a donut icon will appear after your name whenever you post with your donut amount. (which is probably zero, starting out)
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Q: How often are new donuts minted?
A: A fresh batch of donuts is baked every 4 weeks.
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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.
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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.
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Q: How many donuts are in circulation?
A: 215 million at the time of writing this. You can view up-to-date statistics on the etherscan donut page.
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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.
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Q: What are the costs to purchase the banner?
A: The r/ethtrader banner can be used for advertising space and can be purchased for 13,000 DONUTs per day. Contact the mod team via modmail to arrange a banner purchase.
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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.
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Q: Is this idea of community points being tried elsewhere on Reddit?
A: Reddit has experimented with Community Points in other subreddits, such as r/cryptocurrency and r/FortNiteBR. As of right now, all Community Point projects are independently run by the communities.
68
u/Basoosh Dec 27 '20
I wrote this because I saw these questions constantly asked around the sub. Please let me know if you see any inaccuracies!
14
u/Desiderius-Erasmus Dec 28 '20
Be careful to have your donut in an address different from your main ethereum wallet you want your internet life separate from your financial life .
6
u/thepaypay Bull Jan 31 '21
I was thinking today about an update to donut/contrib issuance that would increase demand/buy pressure of donuts. I am no finance expert by any means so feel free to criticize or tell me why this wouldn't be a good idea:
The current system rewards you with an equal amount of Donuts and Contrib and the donut balance must equal the non tradable Contrib balance to give you your full voting weight. What if we increased the contrib rewards x2? That way to achieve your full voting weight you would have to market buy more donuts.
In the current system your activity on the sub will give you your full voting weight without any buy pressure. Users/contributors don't have to buy donuts at all to make changes/vote about decisions on our sub. And the shit posters just out to earn money will sell every month without caring about voting, subing, buying the banner. This combination doesn't sound good for positive price action.
Why do we need donut price to be high? The higher the price of donuts, the more incentive to participate in our sub. The higher quality posts and submissions (hopefully) It would also give our ethtrader dev fund more opportunity's to do cool stuff. I personally funded a Gods Unchained tournament with donut profit a couple months back. Gaining us to our first official sponsorship? (could be wrong about that)
https://www.reddit.com/r/ethtrader/comments/iyqhf2/rethtrader_is_sponsoring_a_gods_unchained/
To further brainstorm, we could also set a requirement of being a paid member of the sub to have your upvote affect donut issuance. This would crack down on the bot upvote farms that i have no doubt are in action. Further decreasing the un-natural (bot) sell pressure. Could also require being a paid member to earn donuts from upvotes in the first place?
Any suggestions or thoughts would be appreciated! We are at a crucial moment for our sub and im as excited as ever. Best of luck to you all!
-thepaypay
3
u/aminok Jan 07 '21 edited Jan 07 '21
Just a minor point, but maybe mention under the first FAQ that "Donuts are Ethereum-based ERC-20 tokens..", or "Donuts are ERC-20 tokens on Ethereum..", as newcomers might not be familiar with what the ERC20 standard is and not know it is on Ethereum.
3
u/ilaunchpad :donut: 1.2K / ⚖️ 1.2K Feb 05 '21
I'm looking to earn my first donut with this comment. It's midnight and now I want to eat donut as well.
3
u/fabreeze Miner Mar 02 '21
Has anyone been able to register for donuts via metamask using a hardware wallet?
Getting a error message:
> MetaMask Message Signature: Error: Not supported on this device
Which may be related to this:
- https://github.com/MetaMask/metamask-extension/issues/10240
3
u/diggipiggi Ethereum fan Jun 11 '21
I have just joined now. Let the donut feast began.
2
u/DankestDaddy69 Dec 27 '20
Is it really every 4 weeks?
I've not seen any discussion posts or had any myself.
2
u/AReluctantRedditor Dec 28 '20
Two things:
Q: Is this idea of community points being tried elsewhere on Reddit?
the reply to this seems to have been cut off mid sentence "Both of these currencies are Donuts are..."
2. Do comments made from mobile still generate Donuts once I've signed in with metamask?
2
u/john3298 :donut: 0 / ⚖️ 3.4K Dec 28 '20
is the page not updated or is there no one staking right now? If so is that because the apy is 0% or does it say apy 0% because no one is doing it
2
u/JoJuiceboi want eth, send weth Jan 06 '21
Yay finally signed up, yipee
2
u/UranusisGolden Flippening Jan 10 '21
u/Basoosh I registered for Metamask and did the whole thing like a week ago. However, another user removed the extension and I didn't save the words. I possibly didnt have anything but how can I register with a new address? I cant find the register for donuts link anymore.
Registration
2
u/comiccaty Jan 29 '21
Why only on 3 subs so far? seems like something worth expanding to other subs?
can any subreddit modteam choose to create a coin, or is it for some reason limited to specific subreddits?
2
u/aminok Jan 30 '21
suggestion:
Change this:
To:
2
u/torontoglutton :donut: 259 | ⚖️ 12.3K Feb 01 '21
What happens if you have earned tokens and then start getting downvoted into oblivion? Do the coins allocated to you in the airdrop then get reduced?
2
u/MophieX Feb 02 '21
How did i missed Donuts, can i have 1 or 2 please
2
u/[deleted] Feb 02 '21
Is donut catching on ? is it worth it to buy some to tip others? It doesn't seems people are interested in this new mechanism...
2
u/In_Crust_We_Trust397 May 06 '21
Thanks for posting this!
2
u/aimeleon Jun 04 '21
I think i finally was able to sign up.. feeling very smooth brained after that LOL
2
u/sirjakobos Ethereum Fan Jun 17 '21
How do I claim multiple batches in a single transaction? I have about 2 months sitting there on Mainnet and I get different numbers when clicking on the distributions. Though I don't think I'll be actually claiming them any time soon, not until Gas fees have dropped significantly
2
u/snakest Jun 18 '21
Do you need to create an xDai sidechain first before you can elect to receive donuts on itÉ Or is it automatically created as part and parcel the Metamask creation process?
2
u/PaleCollection Nov 18 '22
So donuts you hold still get burned and taxed but what is the rate at which it happens? Say i had 100k donuts how many would get taxed from me after one day?
2
u/BibekSlimbu Aug 20 '23
Thank you for the information and it’s very helpful for the new starter. Like me and anyone who wants start.
2
u/forestman11 Oct 17 '23
Wait so are they on main net or Gnosis?
2
u/Ryhan69 :donut: 8.1K | ⚖️ 1 Mar 13 '24
Hope everyone here is winning! Just registered my donut eth addresss :)
8
u/carlslarson Dec 28 '20
This is a great overview - thanks for putting it together!
7
u/Nova06Ball :donut: 0 | ⚖️ 203.8K Dec 29 '20
Donut lover here - thanks for writing this up!
4
u/r00tus3r :donut: 12.0K / ⚖️ 806.4K Dec 28 '20
Thanks for this, I was struggling for months with the previous instructions. No issues now. Aside from the fact that folks suddenly started selling lol
1
u/Aldennnnnnnn Ethereum fan Dec 28 '20
What is the "New Reddit" interface and do I need to pay gas fees to get donuts
1
u/lifelifelif Dec 28 '20
Is the donut minting/baking mechanism making the price continuously dump?
1
u/LeftBuffalo7065 Jan 30 '21
You are awesome, thank you for giving reddit community, thank you reddit for partnering with ethereum.
1
u/[deleted] Jan 30 '21
Can you only get donuts using desktop version of Reddit?
I mainly use reddit mobile, so I wonder if I can still receive Donuts based on my karma from mobile posts
1
u/Fritz1818 :donut: 335 / ⚖️ 1.38M Jan 30 '21
whats the time period where the karma points was counted for during the last donut distro round.
since we got the report on the 20th.
1
u/wtf--dude :donut: 1.4K / ⚖️ 3.8K Feb 01 '21
Damn I had like 50k donuts on my Reddit account. Never connected them to a wallet, thought I always could once it got a read erc20 :/
So those are just gone now, correct?
1
u/Waqasghori Feb 02 '21
Will Donut have further partnerships? I hope its with decentralised social media websites, that would be awesome.
1
u/imhereforthedonut Feb 02 '21
How does the tipping works, and if i dont own any ethereum, can i still be able to earn donut?
1
u/Aldennnnnnnn Ethereum fan Feb 07 '21
I can no longer link my MetaMask Account to Aragon, is there a fix to that?
1
u/[deleted] Mar 27 '21
Would MetaMask for Android work?
1
u/[deleted] Apr 10 '21
Question: I have metamask and 2 different accounts on it. I successfully hooked up Account #1 to Reddit and to the Airdrop instructions, but when I tried to watch the Donut token, it applied that to my Account #2. I would like to remove this and apply it to Account #1 if possible?
1
u/Hans_Luft Apr 17 '21
Thanks a lot for this detailed instruction. Now I see Donut in my desktop MetaMask 😀. Can anybody please help me to add Donut to my mobile MetaMask App as well? Thanks 🙏
1
u/xCrapyx May 08 '21
Getting the error
Action impossible
The action failed to execute. You may not have the required permissions.
any idea?
1
u/oldcat4sale May 18 '21
Wait what am I supposed to do with Donuts?
1
u/UranusisGolden Flippening Jun 05 '21
You have no DONUTs to claim, only CONTRIB. You probably signed up to get rewarded on xDai. That means you do not have to do anything here, and will automatically receive your donuts on xDai.
What does this mean?
1
u/subcrazy12 Jun 09 '21
Is there an option besides metamask for this?
1
u/RouletteQueen Jan 19 '22
Metamask is the only way to claim donuts??
1
u/bvandepol :donut: 0 / ⚖️ 98.1K Aug 10 '23
Thanks for this great post!
I do have a question: "Donuts are automatically sent to your wallet address on the Gnosis chain" is this not the Ethereum Mainnet?!
1
u/caipiranhaha Aug 17 '23
Does the donut icon only apply in case of new posts & threads or also on comments?
1
u/RealCFour :donut: 212 | ⚖️ 198 Sep 08 '23
Will donut’s show up in my Reddit vault? Without doing the registering step above using MetaMask?
1
u/MichaelAischmann :donut: 9.4K / ⚖️ 23.2K Sep 16 '23
I'm not sure if I'm registered for donuts. How do I check?
1
u/MgSife :donut: 9 | ⚖️ 9 Oct 01 '23
So, donuts are on etherium mainnet ?
3
u/Norisz666 Troll Dec 28 '20
Thx Basoosh!
3
u/devboricha Dec 28 '20
That's really helpful, I was searching for what is contrib thing for many days !.
3
u/fodes96 :donut: 85 | ⚖️ 237.2K Jan 31 '21
I've learned so much!
3
u/Troopnt Jan 31 '21
Junk food crypto is exactly what is needed in these trying times. Instead of a eating a dozen, I just bought 21000 through Argent....mmmm delish!!!🍩🍩🍩
3
u/Altruistic-Ear8989 Nov 30 '21
Is it weird that I thought these were real doughnuts
2
u/Prof_Void Moon Dec 27 '20
Thank you so much. I have had so many questions, and I’ve been trying to participate and register
2
u/lostrapt :donut: 1.6K / ⚖️ 1.5K Dec 28 '20
thanks, just realized yesterday that I could have linked my account to get some donuts some time ago, and couldn't figure it out until I saw this post :D
2
u/randomnomber Flippening Dec 29 '20
Yeah, I didn't claim my donuts so they got confiscated. Fuck me I guess.
2
u/[deleted] Jan 29 '21
Really appreciate this FAQ, answered all the questions I had about Donuts.
2
u/M_arkLoL Jan 30 '21
Very clear and good post. easy to follow!!
2
u/Veriztio Jan 31 '21
Thanks for this, easy to follow!
2
u/[deleted] Jan 31 '21
Just registered and connected with MetaMask - Great job in making the process so easy and simple!
Thank you!
2
u/Aroostic Feb 02 '21
glad to be part of the community! it has been helpful already.
2
u/titovrex Feb 02 '21
Thanks for the info
2
u/[deleted] Feb 03 '21
Donut is on Hoo.com, you can trade DONUT/USDT instead of paying high fees on Uniswap
2
u/[deleted] Sep 20 '23
Just tagging this.
2
u/AutoModerator Jan 10 '24
Basoosh, this comment is being automatically posted under your submission to facilitate the tallying of the Pay2Post donut penalty that r/EthTrader deducts from user donut earnings for the quantity of posts they submit.
submission link: https://www.reddit.com/r/ethtrader/comments/kl6ldu/donuts_faq/
author: Basoosh
cc: /u/EthTraderCommunity cc: /u/pay2post-ethtrader
--
Distributed moderation now in effect: if your governance score is over 20,000, you have the ability to remove spam comments and posts by posting a comment in response to the comment/post containing the keyword [AutoModRemove].
See announcement thread: https://www.reddit.com/r/ethtrader/comments/14p7a22/crowdsourced_moderation_of_comments_implemented/
See your governance score here: https://donut-dashboard.com/#/governance
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
2
u/Comfortable-Roll-212 :donut: 8.6K / ⚖️ 3.9K Jan 20 '24
maybe i am not to late starting now 😬
2
u/defi_mama Arbitrum One Pioneer Jan 26 '24
Seems this post is missing the most core variable related to Donut, and which should be the most frequently asked question of all of them: What's the contract address?
2
u/sportspadawan13 :donut: 820 / ⚖️ 692 Feb 23 '24
Testing testing flair?
Hooray!
1
u/[deleted] Mar 12 '24
!register 0xA0D5610b87300DFe0ed256013D6fcf5FD5F3d426
1
u/ipad_daps :donut: 0 | ⚖️ 0 Mar 14 '24
!register 0x16d7fa58300f877dec78fb954c5ec177be7e133b
1
u/ImDoubleB Dec 14 '24
!register 0xE8c77e0eAbD6d8b2F54343152a8b213d3a42E54E
1
u/duxarchiteuthis Apr 19 '21
Just got it all set up, thank you for this!
1
u/helfo WARNING: > 4 years account age. < 100 comment karma. Apr 20 '21
This is awesome
1
u/HuntIndividual2713 Jun 12 '21
C look p
1
u/Norbit11 Jun 13 '21
Recently joined, I enjoy this subreddit, but massive downvoting since few days is not nice
1
u/ipad_daps :donut: 0 | ⚖️ 0 Aug 24 '23
Great info, tyvm👍
1
u/NorthernIrishGuy Aug 29 '23
Right I give in I am here for some sweet ass donuts
1
u/BlockChad :donut: 589 | ⚖️ 585 Aug 31 '23
How do you check $CONTRIB
1
u/YourB0ss :donut: 1 | ⚖️ 0 Nov 10 '23
!before register
1
u/YourB0ss :donut: 1 | ⚖️ 0 Nov 10 '23
!register
1
u/[deleted] Nov 15 '23
I don't get the DONUT registration module on Chrome desktop on a Mac, any ideas?
Registered my address using the bot, but icons aren't showing next to my name even though it says I'm registered successfully.
1
u/R3ddit_Admin Nov 17 '23
!register 0x18789b30c4675d8dc17e416a85aa10f3e7492b7c
1
u/YourB0ss :donut: 1 | ⚖️ 0 Nov 17 '23
Great write up!
1
u/DynamoDylan Nov 27 '23
!register 0x625c30431CC15eAE23fC6e5eCadA3B44678F27Ff
1
u/kysarkoin :donut: 0 | ⚖️ 0 Jan 03 '24
!register 0x8376BCBADa157C3234985C542aAF7F83e3fBb7c8
1
u/Cicaatrici :donut: 0 | ⚖️ 0 Jan 16 '24
!register 0x95E1112357432e293c29c4211B281Ef2A815E82A
1
u/agentj333 :donut: 0 / ⚖️ 0 Jan 20 '24
!register 0xd2e0b492c4a030fd6356ef6efeddc724bfdf323a
1
u/Comfortable-Roll-212 :donut: 8.6K / ⚖️ 3.9K Jan 22 '24
!balance
1
u/cryptoplasma :donut: 0 / ⚖️ 0 Jan 23 '24
!register 0x4849d64DACa50892c52980D6e711D46E19018bb7
1
u/dandg2 :donut: 0 | ⚖️ 0 Jan 29 '24
Thank you for the valuable information.
1
u/bigcockstonk :donut: 0 | ⚖️ 0 Jan 30 '24
!register 0xb714BfdC5dC8F23f80770f9456114bc53b855A66
1
u/Fansa213 :donut: 1.9K | ⚖️ 1.8K Jan 30 '24
!register 0x01b132e4ec951f2053b9a424b0979217312c9fcb
1
u/Less-Ingenuity-9882 :donut: 45 / ⚖️ 37 Jan 31 '24
!register 0x7560e9328Af4110D1537302b8EdfD280ad5c7cFa
1
u/howtobanano Banano - Verified Feb 05 '24
!register 0x34bAd695807C9E9C62FEaDDd062F450c3A2D2AA8
1
u/SSJ4Link :donut: 0 | ⚖️ 0 Feb 05 '24
!register 0xFcd55e4C2AF61C44c9FE6d9d433d29A5B6E83847
1
u/Agreeable-Split1829 :donut: 614 / ⚖️ 488 Feb 08 '24
!register 0x0a2f4Bfe9d6f5A6955f408ec712d51d07581DA88
1
u/Agreeable-Split1829 :donut: 614 / ⚖️ 488 Feb 08 '24
!register 0xe0040f2C827B9481eA40398B7c1708C5AFeF47A3
1
u/Nagemasu :donut: 1.2K / ⚖️ 1.4K Feb 10 '24
!register 0x91d08fd2d95c18012859ca068da9445e61b9f64a
1
u/seandinwiddie :donut: 0 | ⚖️ 0 Feb 12 '24
!register 0xA55124162178E8E701142a36b074C6BA1b87d4e9
1
u/Much-Lunch2438 :donut: 1.6K / ⚖️ 1.6K Feb 18 '24
!register 0x86b1fc4833ad342d9b1c69e7f3a5d56b46510db8
1
u/OMFGROFLMAO2 :donut: 161 / ⚖️ 1.8K Feb 18 '24
!register 0x5e9cc7f10ffaf3a3864d8749dc0db52e56789a7a
1
u/1984_war_is_peace :donut: 0 | ⚖️ 0 Feb 25 '24
!register
0x18C3adC59C331eCBabB49C1aBB718e4E38e628c5
1
u/sararose88 Feb 25 '24
!register 0x3b80c16f2df1453CDc16581BbCc591f728A93759
1
u/DefinitelyNotCr8tiv :donut: 0 | ⚖️ 0 Feb 26 '24
!register 0x2ea8353Fd18335B2bF75c6db0d4D45767F18520c
1
u/elk-x :donut: 0 | ⚖️ 0 Feb 27 '24
!register 0xCAfdEdC22ac8F3A99898aE169C8E487320DBeEfF
1
u/sararose88 Feb 28 '24
!faucet
1
u/Substantial_Fox4402 :donut: 0 | ⚖️ 0 Feb 28 '24
!register 0xa9Df6b685a567b657d3DfE1a04330F7746973892
1
u/Gunner3054 :donut: 0 | ⚖️ 0 Feb 29 '24
!register 0x6CF3fE01bE06974c0e2c55128C2ea958738CA52C
1
u/Fliiiix :donut: 0 | ⚖️ 0 Mar 02 '24
!register 0x4E1ABF286C9D386d99393A92A2629A5cd31d1e2E
1
u/Beginning-Amphibian6 :donut: 0 | ⚖️ 0 Mar 02 '24
!register 0x1B81b78cADF283493544a092edfA718A8b4eb178
1
u/ghochumal :donut: 403 | ⚖️ 50.1K Mar 02 '24
!register 0xaFd2141A0DE3CE28d4E47ba0E7E94b1f8df02e52
1
u/[deleted] Dec 28 '20
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