Themis Ropsten Latest Progress Report

Themis-Protocol
Themis Protocol
Published in
3 min readSep 28, 2021

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On 20th August, we ushered in the release of Themis-Protocol’s Ropsten and launched the Farming Campaign to encourage test-net users to actively report product experience problems. Thank you to all whitelisted users who participated in the Ropsten experience and we gradually complete the commitment to the community. This report will demonstrate test-net campaign progress, incentive methods, end time, test net update status, and questions connected with airdrops.

End of 1st Round of Ropsten Campaign

We proposed that all whitelists will be incentivized, and the top 100 addresses holding the most $TMS tokens in the Farming Campaign will be rewarded in the original announcement. We will not change these commitments. Once our main-net releases online, all whitelisted addresses will be able to receive airdrop incentives normally.

However, before the official launch time of the main-net is announced, we will still incentivize all users who actively participate in the test-net at this stage.

Extra $BUSD Rewards For the Top 100 In the 1st Round

  • Top5 will get 50 $BUSD extra rewards
  • Top6 -Top 30 will get 30 $BUSD extra rewards
  • Top30-Top100 will get 15 $BUSD extra rewards

In order to receive rewards in this round, attracting more whitelisted users to participate. We have set the following requirements for users who are confirmed to receive awards:

1⃣️ Transfer more than 60% of the $TMS tokens in the address to the official address: 0xFF3487F9D635Ae930C90B206Bbfa3c15c6474a70

2⃣️ Transfer 10% of the $TMS tokens in the address (the administrator will inform the quantity) to your $BUSD address. (Skip this if you receive BUSD address is the same Ropsten address.)

3⃣️ Retweet this event on Twitter, add comments, and tag three friends.

After completing the above 3 requirements, you will receive additional $BUSD rewards, and you will continue to participate in the 2nd round of the Farming Campaign.

Things to know before settlement:

We will settle at 12:00PM (GMT+8) on September 30. We will try to keep the price of $TMS tokens in the UnisWap Ropsten test-net lower than 100USDC before 3 hours (Start 9:00AM, GMT+8, Sep 30) of settlement. Please exchange as much $TMS tokens as possible to get higher ranking.

Themis Ropsten Update Announcement

The Ropsten test net contract will be updated before 10th October 2021, which means we are one step closer to the main net launch. The contents of this upgrade involve:

  1. The SP-token of the lending pool can be transferred to different wallets, and the balance of assets deposited in the lending pool will also transfer to the new address of wallets.
  2. The liquidation & auction is officially launched. If your collateralized assets fluctuate too much, they might be liquidated.
  3. Optimized the bug of “not being able to Repayment”.
  4. Optimized some interface display details.
  5. Account feature added, we will be testing the use of NFT Avatar to increase the lending rate to 65%.

⚠️ WARNING⚠️

Repay your loans and withdraw all assets from the pool before October 10th, OR You will be no longer find your pool assets.

2nd Round Farming Campaign Announcement

We have given away 1,000 test net whitelists to the community until now. Presently, the effective whitelisted users participating in 1st Farming Campaign have reached more than 500+, and the number of transactions has exceeded 26,000. We read that the whitelisted address holding the highest $TMS tokens has 3.5 million. Furthermore, holding 10,000 $TMS tokens is able to be among the Top 100.

With the arrival of new whitelisted users. Let’s also welcome them to participate in our whitelist competition!

Hence, we will keep the game rules of Farming Campaign, and make the event fairer through incentives in advance!

*All whitelisted users can receive 500 $TMS airdrop rewards when the main net is launched. Users who win in the Farming Campaign will receive additional rewards.

Top5 5000 $TMS; Top30 2000 $TMS;

Top100 1000 $TMS; Rest: 500 $TMS;

At Last, the opening time of the 2nd round of Farming Campaign will be announced before 10th October.

Stay tuned for more info and follow us at:

Twitter | Discord | Medium | Reddit | Telegram | Homepage

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