ICO Wizard -- Sokol to Kovan Bridge clarifications/questions

General Archive
#1

Igor,

This thread references video in General – Oracles Network. News and Updates # 18

Forgive me for being ICO challenged

Here:

  1. Sokol is left side of bridge, i.e. Main Ethereum Network where users are holding ETH
  2. Kovan is the right side of bridge where the tokens, MTK materialize.
    Correct?

Someone has initiated a crowdsale, say ICorp.

ICorp have a set of MTK tokens for sale ( is this the token address in UI ) on PoA chain Sokol.

The price of 1 MTK is .001 ETH

ICorp has created ICO using Oracle Wizard and wants to sell tokens such that:

  1. Johnny User must logged into MetaMask and be pointed to the Sokol Network
  2. Johnny User needs some ETH in an account on Sokol to purhase MTKs
  3. Johnny User goes to some URL to purchase his MTK
  4. Decides to purchase 1 MTK
  5. Needs to approve transfer of .001 ETH to the ICO contract ( address )
  6. Once approved the ETH is moved to ICorp address on Sokol?
  7. 1 MTK is created in the users account on Kovan ( with same address? )

Any chance I can exercise ICO bridge on my own and understand use case.

Is there a faucet for sokol testnet?

Or can you send some ETH or MTK to following sokol address: 0xc243a79F90574ED9D5b20F3661ab21b800208604

One more question:

Is the “bridge” a separate parity chain ( kovan? ) with contracts and UI sits on top of that or is the bridge just a collection of contracts, some on sokol and some on kovan and UI “bridges” them together?

#2

Here is a video (for future readers:

Main Ethereum Network where users are holding ETH

and depositing eth to the crowdsale contact

where the tokens, MTK materialize.

correct

ICorp have a set of MTK tokens for sale ( is this the token address in UI ) on PoA chain Sokol.

yes, but it’s technical token not used to unlock funds on the right side of the bridge.

Once approved the ETH is moved to ICorp address on Sokol?

ICorp multisig on Sokol

1 MTK is created in the users account on Kovan ( with same address?

In a token contract on Kovan network there is a record that 1 MTK owned by Johnny now.

  1. Johnny can exchange 1MTK to ORC using Treasury contract
    https://github.com/oraclesorg/treasury

Any chance I can exercise ICO bridge on my own and understand use case.

Ora Sokol -> Kovan

LEFT SIDE (Ora Sokol):

https://smuggler-soils-32054.netlify.com/invest?addr=0xBc35b721FCC0432083AAd085f2681340508CFFAC&networkID=12648430

RPC: http://40.71.90.152:8545
faucet sokol: https://faucet-sokol.herokuapp.com/

RIGHT SIDE (Kovan):
https://kovan.etherscan.io/address/0xfb24afce162eb0a413fd9386b085c04d3b867e7e#readContract

ERC20 token: https://kovan.etherscan.io/address/0x258be36e1f09e8beba3aaccdb6c61ef5122a589d#readContract

Is the “bridge” a separate parity chain ( kovan? ) with contracts and UI sits on top of that or is the bridge just a collection of contracts, some on sokol and some on kovan and UI “bridges” them together?

our bridge has: