DONUT on the Base blockchain is a community-first meme token built around “donut culture” and designed to be both fun and technologically interesting. It’s distinct from the ERC-20 DONUT used as Reddit community points on Ethereum and Gnosis—this article focuses on the Base chain DONUT with contract address 0xae4a37d554c6d6f3e398546d8566b25052e0169c.

What makes DONUT on Base stand out

• Network: Runs on Base for fast, low-cost transactions.
• Supply: Fixed total supply of 1,000,000,000 DONUT via a fair launch.
• Security & transparency: Contract ownership renounced, liquidity locked permanently, and the contract verified on Base.
• Trading taxes: 0% buy/sell tax to encourage active and cost-efficient trading.
• Store-of-value framing: Emissions are controlled by a unique mining mechanism rather than traditional staking or proof-of-work.

The continuous Dutch auction and the King Glazer

Instead of miners competing with hardware, DONUT uses a continuous Dutch auction to control token emissions:

• One miner at a time: The active miner is called the “King Glazer,” who controls emissions while they hold the right.
• How you get mining rights: You purchase the mining right with ETH via a Dutch auction. After each purchase, the price doubles, then decays to zero over one hour.
• Incentives and fee split:
  • 80% of the next purchase goes to the previous King Glazer
  • 15% goes to the treasury (the Blazery)
  • 5% goes to the provider (frontend host)
• Proof of “Just-In-Time Stake”: ETH is effectively staked only while you control emissions. If the next buyer pays more, you profit; if they pay less, you lose. You earn DONUT for the entire period you hold control.

In simple terms: you “bid” for the right to mint, the next bidder pays you if they outbid, and the mechanism directs ETH into treasury and liquidity while managing scarcity.

Emissions and tokenomics

• Initial emission: 4 DONUT per second
• Halving: Every 30 days
• Tail emission: 0.01 DONUT per second indefinitely
• Premined allocation: About 1.2 million DONUT for community incentives and long-term treasury
• Liquidity design: Treasury ETH is used to buy and burn DONUT-WETH LP in the Blazery. As liquidity grows, governance can upgrade the Glazery to buy and burn DONUT directly or diversify treasury assets.

Utilities and “Sweet Utils”

DONUT leans into culture and real-world experiences:

• Donut PFPs: Exclusive donut-themed profile pictures
• Sweet Access: VIP access to events, tastings, community AMAs, and bakery partnerships
• Donut Merch: Apparel and accessories, with plans to collaborate with real donut shops
• Sweet Governance: Community voting on partnerships, product directions, and flavor themes

Roadmap highlights

• Launch and growth: DEX listings, community contests, and PFP drops
• Culture building: Merchandise store, mobile app, and real-world bakery events
• Expansion: Multi-chain integrations and broader partnerships

Where to trade and track DONUT

DONUT on Base typically trades against WETH on decentralized exchanges:

• Uniswap: Trade DONUT on Base via Uniswap.
• DEX Screener: Track the Base DONUT contract and pools on DEX Screener.
• GMGN.AI: Explore real-time analytics, smart money flows, and trade DONUT via GMGN.AI’s Base DONUT page.

Important tip: Multiple tokens share the “DONUT” ticker across chains. Always verify the Base contract address (0xae4a37d554c6d6f3e398546d8566b25052e0169c) before trading or referencing price data on any platform.

Builder codes and hostable shops

Anyone can host their own “Donut Shop” by deploying a frontend. Adding a builder code routes 5% of purchases through your shop to you, incentivizing community participation and growth.

Governance and treasury

The Blazery accumulates ETH from auctions and uses it to strengthen liquidity via buy-and-burn of DONUT-WETH LP. Over time, governance can decide whether to buy and burn DONUT directly, acquire other assets, or reinvest the treasury to support the ecosystem.

Related developments: Donut Labs and the Donut Browser

According to public reports, Donut Labs has raised $22 million across pre-seed and seed rounds from investors like BITKRAFT, Makers Fund, Sky9 Capital, and Hack VC. The team is building the “Donut Browser,” an AI-driven, agentic browser focused on automating crypto trading, risk analysis, and on-chain strategy execution, with a waitlist exceeding 160,000 users. While this effort showcases broader “Donut” branding in crypto, always confirm any direct relationship or integration with the Base DONUT token via official channels before making assumptions.

Risks and best practices

• Ticker confusion: DONUT exists on multiple chains. Verify the Base contract address to avoid mix-ups.
• Auction dynamics: Price doubling and hourly decay can be volatile. Only participate if you understand the mechanism and risk of loss.
• Governance execution: Utility features and treasury upgrades depend on delivery and community decisions.
• General DeFi risks: Smart contract risk, market volatility, and liquidity conditions apply.

If you’re exploring or trading DONUT, start by checking on-chain data, verifying addresses, and using reputable tools like Uniswap, DEX Screener, and GMGN.AI for analysis and execution.