5 Cryptocurrencies Trending on Reddit in March

2. Donut

Donut is a coin built on the request of Reddit as part of a project to try out a Community Points Initiative. The coin can be used to purchase banner space in select Reddit forums with memberships in the hundreds of thousands. It has recently gained a lot of attention among Redditors. Donut is an ERC20 token. This means that it is an Ethereum spinoff and brings with it a lot of Ethereum-linked advantages. 

Interest in Donut has been limited outside of Reddit since the coin offers little real-life use case outside of the Reddit universe. This has also led to comparisons with meme coins. The project is community-driven.