Eventum Alpha: The Complete Guide!

Update Aug 14, 2018: This article was written before Eventum rebranded to Verity. We are leaving mentions of ‘Eventum’ for historical purposes. Wherever you see ‘Eventum’, you can substitute for our new name: Verity.

Eventum is a real-time decentralized oracle capable of extracting the truth from crowds by using the wisdom of the crowd principle and blockchain-as-a-court system, where people/data providers get paid for providing information around them, while developers can get any real-time data feed cheaply and reliably.

Validation nodes are responsible for capturing the data reported by data providers, building the consensus and delivering the data to developers.

Eventum ALPHA is the first public version of Eventum — a platform for decentralized real-world data feeds (APIs). It uses fully functioning validation mechanism, basic version of blockchain core layer functionalities (without staking and dispute options) and is connected to a demo web app.

Eventum Alpha is at the moment deployed on Ropsten testnet. This enables us to thoroughly test the edge cases of the system and different use cases before the official launch on mainnet. All tokens earned on Eventum Alpha will be deposited to your wallet address on mainnet in 48 hours after finished EVT token generation event.

Testnet (test network) is an alternative demo network for the developers to test and experiment (without spending real tokens), while mainnet (main network) is the main blockchain of a cryptocurrency network where coins have an actual economic value on the market.

Eventum Alpha Demo Events

Through series of demo events on Eventum Alpha, you can experience Eventum protocol and get paid for providing data while somebody else gets real-time data feed.

Each demo event is a simulation of a specific use case developers can build on top of the Eventum platform, such as fake news detection, AI feedback, emotion recognition, eSport data feeds and many others.

Tested use cases (since feb 9th): Fake news detection, emotion recognition, crypto scam detection, AI feedback, eSport data feeds and many others!

100,000,000 EVT (worth over 7000 ETH) will be given to participants this year in the Eventum Alpha rewards
Three main reasons:
1. Testing is inevitable part of every new technology. It’s a building block of a successful software.
2. Reward early community members and supporters for providing data and helping us test the product.
3. Decentralized token distribution — as there was no public token sale (due to the private sale which has a reasonable locking period) we want to ensure first data providers and developers to run first validation nodes on Eventum network for which you need

3. Build a base of first data providers and developers who will be able to stake EVT tokens and run validation nodes (as there was no ICO where public could purchase EVT tokens).

To reward our early community members and supporters for helping us test the product for an exchange for EVT tokens as the public token sale was canceled due to the interest in private sale.
3. Build the community of first data providers as well as developers who will be able to run validation nodes with the earned EVT tokens.

about possible upgrades of the system, test new use cases, as well as build the community of data providers and 
Over 100,000,000 EVT will be given to the participants of the Eventum Alpha, because of:
1. Development: each demo event is a new opportunity for us to test the system, discover edge cases and iterate our platform.
2. Community:

Ecosystem fund (20% of total supply) — over 100,000,000 EVT (worth over 7000 ETH) will be given to participants this year in the Eventum Alpha rewards (as we believe testing is very important for each new technology, as )

Why do it?

  1. First and foremost, to get a glimpse of what Eventum protocol is capable of. To see how easy it is to report the data and earn money while somebody else gets real-time data feed. To see how decentralized layer of validation nodes form consensus and how blockchain acts as a trust system.
  2. To receive rewards for testing the system. 7,000,000 EVT and 70 ETH tokens will be distributed among the participants according to this rewards structure. The faster you provide the answer that majority gave, more reward you will receive.
  3. 100,000,000 EVT (worth over 7000 ETH) will be given to participants this year in the Eventum Alpha rewards — so learn how the system works and you’ll be able to receive some serious rewards later this year!

How to sign up and join the event?

You need to join the event at least 30min before the start!

  1. Install Metamask extension for Google Chrome (https://metamask.io/), open Metamask and create a new account.
Select a strong password and save seed keywords somewhere safe

2. In Metamask, click on the upper left corner to change to Ropsten Test Network (Eventum Alpha is deployed on Ropsten testnet so if you are not connected to it, you will not be able to participate in events).

Change to Ropsten Test Network

3. In order to join the events (and later claim rewards), you will need to pay a small amount of gas (mining fee in Ethereum network). In order to do so, you need some test ether in your wallet, so click BUY in your Metamask wallet, then ROPSTEN TEST FAUCET (a new page will open), and finally click on the green button saying request 1 ether from faucet. Wait a minute or so and check your Metamask account balance — you should have 1 ether inside (it can take up to 10 min if the network is slow).

If this faucet didn’t work you can get test ether here https://faucet.bitfwd.xyz/ or here http://faucet.ropsten.be:3001/

4. Go to https://alpha.eventum.network/, Sign up, wait for the confirmation email and Log in. Then click Settings, check that Wallet address field is correctly pre-filled with your Metamask account and click Save changes.

5. Go back to the main page of Eventum Alpha, select an event and click Join. Metamask plugin will pop-up, enter 100,000 for Gas Limit and 100 for Gas Price, then click SUBMIT to confirm joining that event. This action will call a function in this event’s smart contract which will add you as a participant to that event.

Make sure you are on Ropsten Test Network, you have the same account selected in Metamask plugin as you have it in Eventum Alpha settings and that you set 100,000 for gas limit and 100 for gas price. Joining the event can take from few seconds to few minutes, depending on how fast your transaction will be mined on Ethereum network.

Click SUBMIT and wait for the transaction to be mined

How to participate and provide the data?

If you provide the same data as the majority will (you form a consensus with them), you will get a part of the reward fund. The faster you provide the data, bigger the reward!

  1. Carefully note the date and time of the event start and be back at the right time! If the event does not have a fixed start, then report the data when you see it live (e.g. football match, weather change, …).
  2. Go to the event and provide the data (e.g. answer the question, recognise objects on image, report required live data, …) by selecting the right values and clicking on Vote.

3. Wait for others to finish voting and when the consensus (or maximum time) is reached, you will see the outcome of the event. If you were in the consensus, you will get the reward (size of which depends on how fast you were). To read more about what is going on behind the scenes, and how Eventum protocol achieves the consensus in a trustful way, read the whitepaper.

4. If you were part of the consensus and you helped to provide the data to developer, you can now click Claim reward. Click SUBMIT on the Metamask popup and you will soon receive reward in a form of test ethers to your Metamask wallet.

5. Open a beer 🍺 and don’t forget to invite friends to our next event ;)

We will distribute the same amount of ether that you just received on Ropsten test network, to the wallet you have registered in Eventum, on “real” main Ethereum network after the token sale. Reward in EVT tokens will also be distributed after the token sale at approximately the same time.

Things to remember

  • Eventum Alpha is at the moment deployed on Ropsten test network, NOT on the main Ethereum network, this means your “real” accounts and its ethers are ALWAYS SAFE, even in a case something goes wrong.
  • You need to be on Ropsten test network with the same account selected in Metamask that you registered in Eventum Alpha settings.
  • You NEED to register at least 30 min before the event starts, otherwise, you will not be accepted to the system (take into account that Ethereum network can be slow, so join at least few minutes before the deadline).
  • Ethers you receive are not “real” ethers and you can not send them to exchanges or trade them for other tokens/coins. BUT, you will receive the same amount of real ether on main Ethereum network after the token sale (together with the EVT tokens).
  • You will only get the reward if you are part of the consensus (i.e. you provided the same data as the majority of voters) and the size of the reward depends on how fast you reported the data.
  • Transactions can take a long time if the Ethereum network is busy, so clicks on SUBMIT in Metamask extension after joining the event or claiming the reward can take up to few minutes.

Any questions, suggestions or beer invites: team@eventum.network

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