Donut Use Cases
Starting November, acquiring the 'Special Membership' with Donuts will no longer be available, which is one of the few real use cases we as sub members have. There are still options available to use Donuts for renting banners or a pinned post, but these are mainly meant for sponsors or businesses.
Our use cases are limited to tipping or use Donuts for trading.
I think I found a cool feature on another sub that would also work for Donuts!
Exploring Ideas
We have a good relation with the sub r/coneheads, and there are talks of collaborative initiatives between our subs.
One thing that caught my eye on their sub is the marketplace they have. Using their community token $CONE, they can buy and sell RCAs (Reddit Collectible Avatars).
RCAs are the personalized avatars you can use to customize your profile.
Visit their marketplace to get an impression: https://avatars.firstmate.xyz/cone
https://preview.redd.it/exploring-donuts-use-cases-avatar-marketplace-v0-eorhs2yw5tvb1.png?width=1787&format=png&auto=webp&s=50c313cfd0de77a0076b8649d81208356b6d303dNow, imagine if we could do something similar with Donuts!
This would give us a genuine use case, allowing us to buy real stuff!
The marketplace works super simple. Connect your wallet, select the right chain, and start buying new RCAs or list your own for sale.
I can easily offer my avatar 'Sweet Donut Child' and would get paid in Donuts!
https://preview.redd.it/exploring-donuts-use-cases-avatar-marketplace-v0-icdl554c6tvb1.png?width=1465&format=png&auto=webp&s=00a89fc02a62e6c3485d7ed3e2611f4a514bfd19Firstmate
Initially, I thought the Coneheads built this marketplace themselves, but it turns out they use Firstmate's services. I reached out to them via their sub r/firstmate and continued the conversation via email.
They asked and I explained some things about our ethtrader. Things like who we are, what we do or discuss, and the concept of Donuts. Firstmate was really excited after hearing about our sub!
At a later point, we were getting into some technical details. Firstmate wanted to know on which chain Donuts are available, and here's where we hit a snag.
Compatibility
Firstmate uses and relies heavy on OpenSea, a major NFT marketplace which operates on Polygon (MATIC), just like the $cone token.
While Polygon is an ERC-20 token, it's not compatible with Donuts on Gnosis and/or ETH Mainnet according to Firstmate. So it's not possible to make use of their services.
If we want to build our own marketplace (using Firstmate's services), we need Donuts available on Polygon, and this is where my knowledge and 'power' hits a wall.
I have no clue if this is possible, how much work it is, and/or if we should want this at all?!
Discuss
I am looking for opinions and/or suggestions. I personally might like the idea of a marketplace, but I don't know what you guys think?! Feedback is more than welcome!
Besides exploring sentiment, is there a way we can make this (technically) possible? Who or what should we involve?
![](http://web.archive.org./web/20231022234834im_/https://external-preview.redd.it/cbsyAhXLqmGXwJVIfbA58JXCfTLgutr61gX0Np6VNlI.jpg?width=640&crop=smart&auto=webp&s=2a5bd43c8756f1f6bb4948798c944b7aa913da1c)
![Iconic characters from Dungeons & Dragons will join in Dragonheir: Silent Gods. JOIN D&D LEGENDS IN DRAGONHEIR ON NOV. 19](http://web.archive.org./web/20231022234834im_/https://external-preview.redd.it/cbsyAhXLqmGXwJVIfbA58JXCfTLgutr61gX0Np6VNlI.jpg?width=640&crop=smart&auto=webp&s=2a5bd43c8756f1f6bb4948798c944b7aa913da1c)
In a vague conversation between u/aminok and I, we discussed the possibility of expanding Donut rewards to contributors in other communities.
The original concept was created by our very good friends at r/ConeHeads. The members of a community fill out a form in order to submit the application, so that users receive rewards according to the Karma they receive in comments. This will also make it possible to tip using their token.
Donuts and their respective use cases do not require any introduction. Our sweet token represents community contribution at the sub. Donuts follow the ERC-20 standard and are the very first Reddit Community Point.
During all this time they were exclusive to r/ethtrader, but what if we could change that? What if we opened the border and shared this economy with other legitimate communities? I have always believed in the potential of Donuts and I know there is still a lot to explore.
Let's analyze the possibility of extending the Donut program to other subs:
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Community Growth: By sharing Donuts with other subs, we can help other communities grow, while attracting new members and encouraging existing ones to become more active.
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Sharing Ideas: When different subs join the program, it creates an opportunity for sharing knowledge. r/ethtrader's culture and discussions can inspire other communities and vice versa, leading to more enriching content all around.
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Increased Liquidity: A wider adoption of Donuts means more liquidity in the ecosystem, potentially increasing the value and utility of the token.
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Wider Adoption: More users across different communities will become aware of Donuts, potentially increasing the number of participants and contributors to the program.
This concept is a mere suggestion. Implementing this idea would involve collaboration with other subs and some logistical considerations. But the potential benefits are vast, and it's a great way to introduce more redditors to Donuts. Specific details would have to be analyzed by the devs, as well as the moderation team. But it is important that, as a community, we are all on the same page.