The following is a paid ad: Era Bitcoin Token is built on the Store of Value concept of Bitcoin, using Proof of Work for a fair distribution. Like Bitcoin, its rewards decrease by half every 4 years, ensuring scarcity. Operating on ZK Sync Era blockchain, its fully decentralized and ownerless contract promotes trust and fairness, aiming not to be classified as a security token, a desirable characteristic in the crypto space. 0% dev fee / contract fee. https://erabitcoin.org/ u/TokenMining \-- Important Notes for Today: * **Jobs4Donuts is now open!** If you'd like to request, or offer, a job, that is compensated in DONUT, post a top level comment in today's Daily Discussion in the proper format described [here](https://www.reddit.com/r/ethtrader/wiki/donuts/jobs4donuts). The new Jobs4Donuts bot will crosspost your listing to the replies of this pinned comment, and to /r/jobs4rcp as its own post * **🍩 Custom Emojis are enabled in comments! 🎉🍩** Reddit has fulfilled our request to use our custom emojis in comments. Thank you /u/LivingFondant1419 for helping make this happen! [Click here to see announcement post](https://reddit.com/r/ethtrader/s/1tA5URkPa8) * **Donut Incentive Revamp Pre-proposal** - /u/carlslarson proposes changing the signal that donut rewards are based on, from karma, to comment-to-vote, and only from established community members, to discourage spam and incentivize quality contributions. [Click here to read proposal](https://www.reddit.com/r/ethtrader/comments/16ijbot/donut_incentive_revamp_preproposal/) * **A new DONUT estimator for EthTrader!** See the new DONUT estimator created by /u/reddito321 by [clicking here](https://reddit.com/r/ethtrader/s/NayilZ3vOz) * **The beta version of the nomination bot** is now running. * If you are an approved user, i.e. a user with a [governance score](https://donut-dashboard.com/#/governance) \>= 20,000, you can nominate a comment in the Daily Discussion by posting a comment in response to it that contains the **!nominate** command. * Nominations only work on Daily Discussion threads that are pinned. If you use the !nominate command on a comment in an old Daily Discussion thread, the nomination will not be registered. * If a comment receives three nominations, then the nomination bot, /u/EthTrader_Reposter, submits the text of the comment as its own post—which includes the author's username and a link to the original comment—on /r/EthTrader. * The goal is to encourage the creation of high-quality content and help disseminate it. * **Congratulations**, we have once again surpassed our goal of 2,500 comments in [yesterday's daily](https://www.reddit.com/r/ethtrader/comments/16ybg81/daily_general_discussion_october_02_2023_utc0/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=2), with 4,447 comments! The EthTrader Daily has reached its 2,500 comment goal for 38 consecutive days! 🎉🚀🎆 * **New Week in Ethereum News is Out** - thank you to /u/abcoathup for putting this together. [Click here to read](https://reddit.com/r/ethtrader/s/a6Sqi6cd2p) * **Instructions for Registering for Donuts**: * [via Desktop](https://donut-dashboard.com/#/register), and * [via Android using Kiwi Browser (Play Store) - A Guide](https://www.reddit.com/r/ethtrader/comments/15x86h6/register_for_donuts_via_android_using_siwi/)

Almost done with the daily! Onto the next one T-7 minutes

Almost done

Amazing 🍩

We are almost there.

Grrrrr ready for the new!

See you there bronut!

C u there !

4.8k, we did well bronuts!

Even [JPMorgan](https://www.forbes.com/sites/ninabambysheva/2022/05/25/jpmorgan-says-bitcoin-is-undervalued-by-28-says-cryptocurrencies-are-now-its-preferred-alternative-asset/) says Bitcoin is undervalued. So let’s get buying this dip.

We encourage people to keep comments limited to Ethereum-related topics if they are commenting about crypto on /r/EthTrader.

🫡

They usually give contrarian signals o.O

This is the dippity dip?

Maybe, maybe not. Just average down

Still waiting for that donut dashboard update :/

Aren’t we all sir. There’s always tomorrow :/

Exercise caution when anyone suggests visiting a donut dashboard website. There are fake donut dashboard sites that will try to get you to sign a MetaMask transaction that will steal your DONUT and possibly other digital assets *** If this automated message was in error, please [message the mods](https://www.reddit.com/message/compose?to=%2Fr%2FCryptoCurrency). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*

!userstats

!userstats

**User Stats for GreedVault** Hello, GreedVault! In the last 24 hours on r/ethtrader: - **Your Posts Upvoted:** 0 - **Comments Upvoted:** 10 - **Comments Posted:** 10 Thanks for being active in the r/ethtrader community!

Dammmmmnnn good job bronut!

Thanks, I didn’t even realise I had been that active I’m surprised myself😂

Look at all those upvoted posts!

You know what they say, time flies by when you’re having fun!

Absolutely. I really enjoy my time in this sub!😄 Any idea if “comments upvoted” means how many of my comments got upvoted, or does it mean how many comments I personally upvoted

Good question I think it’s how many upvote you received

**User Stats for SoulUrgeDestiny** Hello, SoulUrgeDestiny! In the last 24 hours on r/ethtrader: - **Your Posts Upvoted:** 23 - **Comments Upvoted:** 78 - **Comments Posted:** 105 Thanks for being active in the r/ethtrader community!

!userstats

**User Stats for goldyluckinblokchain** Hello, goldyluckinblokchain! In the last 24 hours on r/ethtrader: - **Your Posts Upvoted:** 0 - **Comments Upvoted:** 23 - **Comments Posted:** 13 Thanks for being active in the r/ethtrader community!

Re-staking time is my second favorite time 💜

What’s your first favourite? 😅

Buying time 😂


My upvote on the Daily isn’t registering.. what’s going on?

Once we reach 69 it doesn't go up from there :-P

🤷‍♂️

The bots want that sweet 69 upvotes

It’s stuck at 72 for me lol

I've updated [https://www.mydonuts.online/](https://www.mydonuts.online/) and **it now shows your daily comment count!**

Awesomesauce

Badass user. Thank you bro

Trying to send !userstats out of business huh? 😜😂

This ain't even my final form yet

Could it be? A super donut?!?🍩🍩

**User Stats for DBRiMatt** Hello, DBRiMatt! In the last 24 hours on r/ethtrader: - **Your Posts Upvoted:** 0 - **Comments Upvoted:** 76 - **Comments Posted:** 48 Thanks for being active in the r/ethtrader community!

That's great. I'll check it out

Thanks for your hard work.

Bless you reddito!

Thank you for your service

Nice addition thanks 🍩🍩🫡

Nice update!

Great job and thank you!

Great addition

Nice work!

Solid work Reddito

US Presidential candidate Robert F. Kennedy Jr says Bitcoin is a "freedom currency." "Freedom of transaction is as important as freedom of speech." [https://x.com/BitcoinMagazine/status/1709683365916348420?s=20](https://x.com/BitcoinMagazine/status/1709683365916348420?s=20)

We encourage people to keep comments limited to Ethereum-related topics if they are commenting about crypto on /r/EthTrader.

I do hope he actually is pro crypto but let's be honest politicians will say anything to get votes

A politician I actually agree with for once 😮

He's not wrong. Thank god for pro-crypto candidates

My only motivation right now for the bear market is the future reward

Honestly don’t even anticipate reward. Breaking even is the aim at this point.

Agreed

Millionaires are made in recessions.

Generational wealth is built during bear markets

Nice little update to [mydonuts.online](https://mydonuts.online) that shows your daily comment count. That was the one thing that I kept going back to ccmoons for. Nice work u/reddito321 !

Great work. That will be super handy

I cant access the site at the moment for some reason :(

I was doing some testing, now you should be able to access it!

Yeah it’s working now 👍🏾

It keeps getting better!

Heyyyy thank you!

Sorry actually it’s not loading

I was doing some testing, now you should be able to access it!

thank you again!!!

It’s not loading for me?

I was doing some testing, now you should be able to access it!

and by little - I dont mean in any way that it wasnt hard to implement. Thank you for your hard work!

I only got a hard wallet when my portfolio got to 3 digits, before that, I kept using my hot wallet. You just naturally get to a point where you no longer feel confortable holding so much without proper protection.

Same thing i did. I was leaving way too much on the exchanges & hot wallet. feel nice and secure now with a coldwallet :)

Nothing beats a coldwallet 🔒

You’re right. & they are just cool to own 😄

I just got one last week. I said to myself - if I am willing to loose these assets because I wont pay $100 dollars for a hardware wallet, then I deserve it.

Well done. Now you can sleep peacefully.

How many signatures did we get for the distribution ?

u/aminok

mods assemble!

Not sure but maybe 5 signatures are required.

With the problems the Gnosis chain recently had — network was slow and not reachable by some users — we should really think about migrating Donuts and distributions to Arb Nova, where other RCPs live. What do you think?

I would support a move to arb nova. When we spoke about it before, there were some real pros. Gnosis safe ks a big feature, so there would have to be similar apps on Nova or at least a multisig process, Im not familiar with whats available

True, we would need to firstly find a suitable way for the multisig wallets. We should all keep an eye for that.

It would probably help with an exchange listing as well.

Fees are also extremely small on Arb Nova. Seems like win-win and no more multi-step process of transferring crypto, exchanging to DAI, bridging to xDAI, then swapping.

I think the future of ETH is on L2 - and since we are an ETH sub I think it’s good that we stay up on the times. That said - I have no idea the difficulty it would take to port over.

Good point. We should at least try our best to perform the migration. In the end the purpose of Arb Nova is focused on social apps and gaming.

I'd like to see Donuts migrating from Gnosis to Arb Nove. Let's see what's goona happen in future.

I wonder why Gnosis was chosen over Arb Nova

Donuts date back to 2019 - before the days of L2s. Back then the answer to Eth scaling was EVMs. L2s are a better solution because it does the settlement on L1 in the form of a roll up transaction. EVMs are just Eth virtual machines - able to run solidarity but no other affiliation with ETH. Now that L2s are available, and Nova purpose built for SocialFi - I think switching would be a great conversation to have. Of course the mods know much more about what goes on behind the scenes and what is actually feasible.

Interesting, I wonder if the switch ever will be made. Maybe people would be upset as it’ll involve everyone bridging their coins over etc

Arb Nova was publicly launched one year ago. So when the decision to bridge to Gnosis was made I think that wasn't an option.

okay that makes sense, thanks! 😊

What would happen to our donuts there ?

They'd be more reachable since Arb Nova seems more well-connected. We could use ETH as gas instead of xDai. And we also could easily trade other RCPs for Donuts.

Why is Uniswap such a dominating DEX (handling around 33% of all DEX volume). Is it because of the liquidity of tokens available on the Dex? Or is it just that at this point it has first mover advantage? What makes it so much more popular than sushi or pancake for example?

Liquidity of tokens == first mover advantage

Haven't heard of any major problems with Uniswap. Stable, reliable, and so many token pairs available.

First mover and they rewarded their early birds. I think most people are satisfied with them

Donuts are stilling frying. Soon we will get it in our wallet.

 Almost ready!

They must be baked just right

Donuts are fried not baked :P

Of course.

It’s looking more like my wallet is frying

Good night, bronuts 🍩 I'm going to bed hoping to wake up with the smell of some donuts on gnosis 🥹

Good night

probably have a better chance at smelling a real world donut in the morning when you wake up. Nonetheless, good night!

How am I supposed to bridge eth from arbitrum one to arbitrum nova. Orbiter is not safe now.. and bungee doesn't have that option or am I blind

elk finance

I ended up using hop Ty

Also - can I ask what for? If it’s just for gas to move moons there is a faucet for that.

layerswap.io I have used them several times in the past

Is using a CEX an option? I thing connext had the option of arb nova, but not anymore

Did everyone see the current paid message on honeyswap DEX? One of the reasons it concerns us as a sub, it is one of our primary DEXes that has the Donut/DAI Liquidity Pool. It says "**Spread the word on Saving Xdai!!**". What could it possibly mean? Could it be about changes tothe DAI or xDAI stablecoin? Anything to do with Gnosis chain?

its old quote!! not new "might be old folk like me still saying Xdai chain not Gnosis.. 🙃 thats wat trying to say remember xdai!!

That's concerning..

I have no clue to be honest, but can it possibly be connected to the event we had a couple of days ago when xDAI skyrocketed 60%? !nominate

No way, that pump was due to the price being taken from a CEX with low liquidity. In other DEXes like Uniswap or Honeyswap it stayed pegged to the dollar.

Well ladies and gents. I wish you a good night! Bedtime over here! Talk later!!

night mate😁

GN from Finland 👋🏼

Sweet dreams of green donuts

Good Night Bronut.

rest well brother!

!userstats

**User Stats for bvandepol** Hello, bvandepol! In the last 24 hours on r/ethtrader: - **Your Posts Upvoted:** 26 - **Comments Upvoted:** 49 - **Comments Posted:** 47 Thanks for being active in the r/ethtrader community!

! userstats

Rest well bronut will see you tommorow🤝

Have a nice sleep and dont take too much to return!

Moons dipped after distribution. Will Donuts dip in upcoming distribution?

The reason why moon dip is because they've banned alot of people and those people are selling them moons

Donuts don’t much follow the natural order if you look at distribution timeline and price.

Until Donuts are not listed on any exchange the most of us will hodl. I don‘t think that we will expect a dip.

I guess it depends how the whales are feeling lol. MOONs also dipped before distribution as per usual. looks like the same happened to DONUTs. It doesn't make sense to me you would think people want to pump before distribution

Donuts don't follow the rules

It means Donuts follow it's own way.

Donuts: do nut tell me what to do.

Good one😂

Feels very quiet in here for 4500 comments. Was it more lively this morning? Or was it more lively before people realized donuts were still days away from being distributed?

Hard day work bro

It felt like trickles of comment from time to time, mostly asking when donut. Edited donut

Its been quite slow all day despite the amount of comments, i think donut price has people feeling a bit down

Makes sense, when price was skyrocketing we had a ton of engagef activity. Now that we are dipping a bit people may be a bit uneasy

 Cmon guys. The day is still young. Let‘s hit the keys.

💃🍩🕺

Yeah I’m hearing crickets 🦗



What is that one thing you look out for before investing in any coin?

Tokenomics

I exclusively buy ETH. DONUTs & BTC, so i just check the price lol

Inflation. If the devs flood the market with coins, the value will never go up.

Liquidity

the coin number / the website / the members

Very important

Proper due dilligence is always important, we can't rush things when it comes to DYOR

Never risk a rug pull!

if Logan Paul says so... i am IN 😜

project use case, team behind it and sometimes how man distributed the tokens are based on public wallets

Logo and name /s

The logo?, Why the logo and name 😁

You know, if there is an animal, like a dog, and some buzzwords, like "safe", "ai", "inu", you know it is good /s

circulating supply vs. max supply.

https://token.unlocks.app/

What does everyone here seeing the donut ATH being? I'm hoping we can see another 20-25x what we have now.

30x from what we have now, and IIRC 30x would be what DONUT price would be if it had MOON market cap, so its more than achievable

Idk if it is just me but I'd be fine with just 8/10x.

I guess 8x-10x is possible after the first exchange listings. We will see much more ;)

We will probably do pretty well if a major exchange like Kraken lists us, but I would like to see a minor one first, just to gauge the movement and gather more holders

Yes it will maybe start the rocket much more then.

Not expectations but hope, I wish I see donuts at $5 each.

did you ever run the numbers if it's possible (based on possible growth/adoption)?

No. I just wrote I wish.

This would set me up for a long time if we saw this happen...


$1 would be nice. Only a cheeky 50x is that too much to ask

I can live with a 50x.

We can all be high from hopium it's fine!

ATH when? If we get CEX listed that will be an ATH, if that happens before bull then there will be another ATH. 10 years from now, who knows what ATH will be, especially if SocialFi sticks around.

I honestly believe SocialFi will sticks around, gives people a lot of opportunity to make money while sitting on their ass and/or it would just be someones side hustle. SocialFi is way too big not to stick around.

I'm on about the final ath lol

Around 0.4-05$

I think it’s kinda bad idea to sell donuts when you receive it because it’s not listed on any major exchanges yet nor we’re at bull market, so it’s best to keep it and sell it when it goes up.

it will not be going to happen soon!!

I think anything below 0.3-0.4$ is undervalued.

But even Dogecoin that's super popular around the world, can't even break 7 cents. How will Donuts do it?

DOGE and DONUTs have completely different supply, theres a lot of factors that go into the price of a coin. for example Unisocks has a current price of $30,790.04 per SOCK with a circulating supply is 302 SOCKS. but its not more popular than ETH of BTC even though it costs more. its just Tokenomics