Plasm Network Lockdrop How-to

Quick guide of Plasm Lockdrop DApp.

Plasm Testnet v3 is coming. We will try to launch it in the same state as the Plasm Network mainnet. For this reason, Ethereum Lockdrop for Plasm Network Testnet v3 has been already started. This short guide helps the reader to participate in Plasm Network Lockdrop. To read more about Plasm Lockdrop, please read other articles.

Update: testnet lockdrop was finished on 20th December.

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Requirements

• Ropsten network account with a bit of ETH (faucet https://faucet.ropsten.be),
• Metamask or other Web3JS compatible extensions.

Here goes!

Let’s open Lockdrop DApp:

• Visit the following URI https://lockdrop.plasmnet.io
• Please make sure that you connect to Ropsten on Metamask.

See the Plasm Network Testnet lockdrop page.

On this page, you can decide how much ETH you lock and the duration. Your ETH will be locked on a separated smart contract.

The source code of Lockdrop smart contract is public and available on Etherscan.

As a demo, I suppose you lock 0.5 ETH for 3 days.

So, your opportunity cost (ETH×Duration) is decided. All you need to do is to send a transaction to the smart contract. Please Push the “Send” button.

After you send the transaction from your External Owned Account to the Lockdrop smart contract, your ETH is frozen until the unlocking time you set before.

ETH is moving from the account to simple lock contract.

Finally, you can see the locked funds on the separate page.

My locked funds and contract addresses where they are locked.

Yeah, it’s locked up!

Conclusion

Using the information of your opportunity costs, the Plasm Network team allocates PLM tokens for Testnet v3 that we plan to launch until 25th December. Merry Christmas :D