Ramifi’s Testnet 0.0.12 — Rewards Program Part 1

Ramifi Protocol
3 min readMar 3, 2021

After many weeks of development at Ramifi we are proud to finally announce our first product that the public will be able to use to get a deeper look at how we’re tackling the Stablecoin Problem.

On March 4th 2021 at roughly 8PM CST we will deploy our contracts to the Kovan Test Network, a Proof of Authority (PoA) publicly accessible blockchain for Ethereum; created and maintained by a consortium of Ethereum developers, to aide the Ethereum developer community.

We will also be holding a rewards program for utilization of the Testnet on our dashboard, which will be published on March 5th as well on our site: ramifi.org

A total of $5000 USD in RAM will be given, at a maximum of 40 people ($125 max per person) upon launch if chosen.

More details of what criteria will be used to decide who gets rewards will be posted in Part 2. It will involve constructive feedback, usage, and if found, bugs.

ALL ADDRESSES THAT SWAP RAM ARE ENTERED INTO THE REWARDS PROGRAM

How to get RAM token on the Kovan Network

1.Make sure Kovan Network is chosen in the Metamask tab:

2. Upon release go to the ‘Buy RAM Token” button at ramifi.org. This will then take you to Uniswap.

3. Once on the Kovan Uniswap, proceed to the “Swap” tab at the top left.

4. Click “Select a Token” on the trading interface, and paste the RAM contract address into the following field. Select “Import”.

RAM Contract Address:

0x6036E85636ed554939268F53EF661E4123058695

You can now freely trade RAM token on the Kovan Network with your kETH! Below are 2 options to obtain kETH (It is recommended to use the Gitter link) as you are able to receive up to kETH from the faucet.

Please wait for the first 24h supply inflation countdown to occur, the team will shorten the rebase periods time frame for this Testnet.

Please Stay tuned for RAMs upcoming Native Token integration on v.0.0.14

Get Kovan ETH

Option 1: Join this Gitter Channel: https://gitter.im/kovan-testnet/faucet. Once you join the Gitter Channel, post your ETH address from MetaMask to the main chat. The Kovan faucet will then populate your wallet with the test funds. This could take a couple minutes or a couple of hours as it is done manually by the channel’s admin.

Option 2: In the Ramifi Governance chat, ping admin @RamProtocol on Telegram and ask to Receive ETH:

https://t.me/ramifigovernance

Get RAM to add liquidity in the Ramifi Pool on Kovan Uniswaps interface:

In the Ramifi Governance chat, ping admin @RamProtocol on Telegram and ask to Receive RAM, drop you address (Please send a throwaway wallet or a rarely used one):

https://t.me/ramifigovernance

Keep up with Ramifi:

Github: https://github.com/ramifiprotocol/Contracts

Reddit: https://www.reddit.com/r/RamToken
Twitter: https://twitter.com/RamifiProtocol
Telegram Announcements: https://t.me/RamifiAnnouncements
Telegram: https://t.me/ramifiprotocol
Facebook: https://www.facebook.com/Ramifi-102796428303550

Discord: https://discord.gg/dX84vWdB2a

If you have a set of skills that you think Ramifi could use, please reach out to us at contact@ramifi.org!

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Ramifi Protocol

Ramifi is a synthetic asset protocol based on commodities whose main goal is to denominate inflation.