23rd Jan 2019 - Social Trends snapshot

social-trends

#1

Hi there SANclan !

You can find the Social trends snapshot for 23rd Jan 2019 here:


FYI, you can always check the top trending words on SANbase . For the latest, up-to-date trends, staking 1000 SANs is required)

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  • Donut/Donuts/Uniswap

You can now trade your reddit karma for ETH.

For those unfamiliar to r/ethtrader, ‘donuts’ are the subreddit’s de-facto reward system; you can earn them by posting, commenting, or moderating the forum’s discussions. If you’re feeling extra frisky, you can also turn your karma donuts into ERC-20 donuts (DONUT), and withdraw them to any ERC-20 compatible wallet.

On Monday morning, Uniswap announced their support for buying and swapping your DONUTs on their exchange. The r/ethrader crowd was positively ecstatic:

Today, Switcheo also announced that Donut (DONUT) will be made available on their exchange starting 4.30pm SGT today, with one of the best token breakdowns I have ever read:

“What are DONUTs used for? We honestly don’t know — probably nothing :)”

  • Bitcoin/Bart

Following Bitcoin’s 1-month low (and swift recovery) yesterday, the crowd was beginning to wonder - is the new bart up imminent?

Hindsight says - not likely. For the past 24 hours, BTC was mostly trading water, trading firmly in the $3600 range and virtually breaking even for the day.

In the meantime, most of the crowd seems to have lost faith in the Simpson-led recovery:

  • Stk

Stk had itself a nice little bull run Monday, following the launch of the first version of their Payment Channel on the Ethereum Mainnet. The coin lost the majority of its upward momentum over the past 48hrs, but is still up 12.9% for the week.

Still, that’s not why it’s trending. Stk’s presence on today’s list is mostly prompted by its well-attended AMA yesterday, where the crowd inquired about the project’s development and criticized the lack of community engagement on their official Telegram group:

  • Btt

Appearing on our list for a 2nd day in a row, the BTT airdrop is still high on people’s minds. A list of exchanges supporting the event just seems to keep growing; the current tally includes:

  • Binance
  • Bithumb
  • OKEx
  • Huobi
  • Cobo
  • FCoin
  • Bitpie
  • Cointiger
  • Bibox
  • WazirX
  • Gate.io
  • MBAex
  • CoinEx

Meanwhile, the community is busy pleading with their favorite exchanges to support the airdrop, looking into the participation requirements, and discussing whether the event will even be worth it.

  • Swft (also ‘blockchain’, ‘token’, ‘joining’, ‘group’, ‘welcome’)

Looks like the SWFT Telegram bot has been working overtime in the past 24hrs. The same welcome message was lambasted dozens of times on their official Telegram group:

Seems like most of bot messages have been deleted since, tho they’re still visible in our Social Data feed (notice the scroll :

  • Lun

Trending for the 2nd day in a row, Lynur’s 1-week graph is hard not to talk about:

The coin did stumble shortly after hitting a month-high $3.43 earlier today, tho it’s still up 22.52% for the day, and 92.8% (!!) for the week.

  • Qusd

Cointiger is organizing a 4000QUSD (ESCOBAR) airdrop.

QUSD (ESCOBAR) is a stablecoin created by the brother of Pablo Escobar.


As always, visit SANbase to explore these and other trends in more detail!


24th Jan 2019 - Social Trends snapshot
#2

donut and donuts you say? well… three months ago an experiment was announced in r/ethtrader regarding “Community Points & Polls”. These Community Points where later renamed to Donuts which you can earn by contributing to r/ethtrader through posting, commenting, and moderating: Introduction to community points and polls

So today and yesterday the word donut, donuts and uniswap got trending because of the ethtrader banner and an FAQ post about how the donuts system works. Moreover the price jumped x6 on the https://uniswap.exchange/, but came down crashing not much later. Lastly donuts got listed on the Switcheo DEX.


#3

Trustnodes posted a pretty concise breakdown on how Ethtrader’s monetized shilling works.


Tbh, I’m a bit disappointed as I kind of hoped it had something to do with earning real donuts somehow. Either way, this certainly seems to be the most interesting trending topic for the day.


#4

Background on Donuts Meme
You can see lots of great information above on the phenomenon of the Donuts community points for the Ethtrader subreddit, and how they can be swapped for a tradable ERC-20 token.

But why are they called Donuts?

It all started back in September of 2016 when Reddit user /u/cyounessi posted the following comment in a daily discussion thread of the ethtrader subreddit:

      If Eth hits $13 today I'm gonna buy a donut after work.

      Edit: Will post picture of donut if it happens.

and thus was born a meme, that has endured until today!

The meme is characterized as a comment that in some way reflects the original comment - something about getting a donut(s), or giving a donut(s), or doing something with donuts (particularly if something is achieved).

So, naturally enough, when the ethtrader “community” had to decide on what would be the name of it’s points, it chose to call them donuts.

There have in fact been variations on the donut meme, with other types of food being associated with other price levels, as described in this old post https://www.reddit.com/r/ethtrader/comments/5fqtwd/the_legend_of_the_donut_a_post_bubble_phenomena/

But none matched the -sticking- power of donuts (see what i did there).

The price level associated with the donut meme is $13. Who knows, maybe it became a meme because reaching that price level was considered quite a momentous occasion. Maybe there was a lot of emotion involved.

Checkout the usage of donut and donuts over the last 6 months: https://app.santiment.net/trends/explore/donut%20OR%20donuts?asset=bitcoin&timeRange=6m

And if you have 1000 SAN to stake you can see here the original burst of donut comments in the Reddit social data of Sept 2016: https://data.santiment.net/d/QWhaNAKmk/01-topic-search?orgId=1&from=now-30M&to=now&var-Interval=1d&var-Project=ETH_ethereum&var-Search=donut&var-Currency=usd

By the way, there is now this new subreddit https://www.reddit.com/r/donuttrader