Unstoppable Domains and a community on Reddit for the .DONUT domain
Unstoppable Domains has partnered with one of many largest crypto communities on Reddit, r/EthTrader, with the purpose of launching the .DONUT area.
As soon as launched, the top-level area .DONUT will present the two.3 million members of r/EthTrader with digital identities owned by the members themselves, to broaden the neighborhood’s presence within the blockchain ecosystem.
Unstoppable Domains
Unstoppable Domains is the biggest supplier of on-chain domains and digital identities on blockchain.
The undertaking was launched in 2018, and offers on-chain domains, and a digital identification platform that works to combine the world on the blockchain.
On-chain domains are minted on the blockchain, thus giving their holders full possession, not like conventional domains which might be successfully created and managed by a registrar.
Moreover, on-chain domains don’t have any renewal prices as soon as bought.
Even on-chain digital identities are of unique and whole possession of their house owners, thus giving full management of their digital identification on to the folks.
Due to on-chain domains, crypto tackle holders can substitute lengthy alphanumeric strings with an simply readable identify, with which they’ll entry and make transactions on practically 900 apps, wallets, exchanges, and marketplaces.
Unstoppable Domains has been awarded because the “Most Progressive Firm” by Quick Firm for 2023, and has been included within the “America’s Greatest Startup Employers” listing by Forbes for 2024.
The neighborhood on Reddit: the .DONUT area is coming
r/EthTrader is the biggest neighborhood on Reddit devoted to Ethereum, a lot in order that it has now reached the outstanding determine of two.3 million members.
It was one of many first crypto communities to be based on Reddit, and it was additionally a pioneer in implementing neighborhood factors, because of its token DONUT.
r/EthTrader can also be recognized for its modern method to distributed governance, weighted polling programs, and community-driven decision-making.
Now, because of the collaboration with Unstoppable Domains, it launches on-chain digital identities for its members, thus connecting conventional social platforms with the blockchain infrastructure.
The .DONUT area and the Reddit neighborhood r/EthTrader
The normal .DONUT area doesn’t exist.
Along with the basic domains .com, .org, .internet, there are actually many others, reminiscent of .bar, .beer, .espresso, .pizza.
These days, you possibly can register conventional domains by selecting from tons of of extensions, however amongst these, there isn’t any .donut.
DONUT is the precise token of r/EthTrader, and the on-chain area .DONUT was created by Unstoppable Domains particularly for the members of r/EthTrader.
It must be remembered that the on-chain domains of Unstoppable Domains don’t have anything to do with conventional web site domains, and they aren’t even used for a similar functions.
.DONUT is the second TLD (top-level area) from Unstoppable Domains primarily based on a Reddit neighborhood, after .MOON created for the 8.8 million customers of r/cryptocurrency.
The .DONUT area represents the DONUT token of the neighborhood, which has been an integral a part of the governance and rewards system of r/EthTrader since its inception.
The token DONUT
The DONUT token of the r/EthTrader neighborhood landed on the crypto markets in 2020.
Over the past main bullrun, the one in 2021, its value skyrocketed from 3 thousandths of a greenback to 93 thousandths in lower than a month, in January of that 12 months, and since then it has by no means returned to these ranges.
Already in November of the identical 12 months, a robust decline started that took it from 8 thousandths to even beneath a thousandth of a greenback throughout the subsequent bear-market of 2022, solely to bounce again in August 2023 to nearly 30 thousandths.
The height of 2024 was reached in March, above 35 thousandths, however afterwards it collapsed once more. Now, for instance, it has fallen again beneath 5 thousandths of {dollars}.
It’s due to this fact a extremely speculative token, which in the long run doesn’t carry out nicely, however generally marks large and speedy rises that may be helpful for individuals who wish to commerce it and know methods to predict them.
The remark
The primary moderator of r/EthTrader, Marc Aurel, said:
“The launch of .DONUT is a major milestone not just for r/EthTrader, but in addition for the complete Donut ecosystem. It’s one other step ahead as we proceed to guide innovation and scalability within the SocialFi sector. By collaborating with Unstoppable Domains, we’re giving the members of our neighborhood the instruments to determine their digital identities past Reddit, sustaining the sense of connection and shared objective that we’ve got cultivated over time”.
The Chief Working Officer of Unstoppable Domains, Sandy Carter, added:
“This partnership with r/EthTrader represents one other important milestone in connecting established Web2 communities with blockchain infrastructure. The .DONUT area extension will enable one of the crucial engaged crypto communities to broaden its presence within the decentralized internet whereas sustaining its distinctive identification”.
