AMA Recap: CRYPTO MINERS X FLASHLOANS

Flashloans.com is a new DeFi tool that allows users to create and perform a Flash loan backed trade from an easy to use UI. Flash Loans are the first uncollateralized loan option in DeFi. Designed for developers, Flash Loans enable you to borrow instantly and easily with no collateral needed provided that the liquidity is returned to the pool within one transaction block.

We hosted an AMA session with FlashLoans on 7th December at 10:00 AM UTC.

Mr. Ramsy was the host from Crypto Miners and Mr. David, CEO of FlashLoans was our guest. He shared delightful knowledge and unique features of FlashLoans.

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Segment 1️⃣: Introduction

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Ramsy:
Hello everyone 👋 and welcome to the Crypto Miners AMA session With Flashloans.Com

Thank you all for joining us today❣

To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr. David, Welcome to our community 🤝

David:
Great to be here 👋

Thanks for having me on for an AMA

Ramsy:
Hello There ✋

Glad to see you here ,
Thanks for bringing Us Flashloans.Com❣

I'm pretty sure that our AMA participants are very much excited to learn more about Flashloans.Com, so let's get started if you're ready!!

David:
Great 😃

Ramsy:
So here's our first question from this segment...

Q1) Can you give a brief explanation about 'Flashloans.Com' .What popped up in your mind to create such a platform in This Space?

David:
We were amazed by the power of Flash loan technology and the role it can play within DeFi

But we saw a big barrier to entry was the developer skillset required to use a Flash Loan

becasue of this we decided to build an easy-to-use website that allows people to build and execute Flash loan-backed trades through a simple User Interface

Ramsy:
Thanks for this brief introduction about Project Flashloans.Com 👍

Now let's see our second one of this segment...

Q2) So what are your main features and advantages that discern you from other projects?

David:
Flash loans are a new technology which allows users to borrow liquidity wil zero collatoral as long as it is returned within one block

Flashloans.com will be providing a full suite of analytics and all the tools required to build and send a flash loan transaction

There isnt really much competition at the moment as the tech is new to the market. But we ope to be the leader in the space with a well designed product and strong domain name

We also have membership levels on the Flash loans platform which are activated by using FLASH tokens - these bring users additional benefits such as reuced fees, access to new stats and automation and a share in the platfrom fees

Ramsy:
Sounds Good 👌

Q3) How has the experience and background of your team been effective in the success of your project so far?

David:
Yea that has had a lot to do with the success as the team has been established since 2018 and we have existing Dapps in the industry - They are as follows

https://multisend.org/

https://tronsender.com/

https://binancesender.com/

https://polygonsender.com/#/

These are also Blockchain tools which help people to easily use blockchain services - in this case token distribution

We also won a 50k prize in the Tron 2021 Defi hackathon with Tron sender which was great

The Flashloans.com project has also received ecosystem grant funds from Aave and Mstable

Ramsy:
4) Now Share us about your Native token, What are the some of utlities of $FLASH Token in Your Ecosystem? And if possible share to us the Tokenomics of $FLASH

David:
Sure thing

The token for flashloans.com is called FLASH - here is the token info

The token is unique as it offers multiple benfits to stakers

Staking FLASH tokens has four various membership benefits:
Platform Features
FLASH token mining bonus
Revenue share
Fee Reduction

At the moment is a great time to stake as we have just launched the adoption ladder for FLASH - this is a pool of tokens which is reducing over the next 4 years

FLASH token mining

For the 4 vears of the platform being live users will benefit from FLASH token staking - there is a maximum of 8 million tokens available to be mined and this will be distributed through our adoption ladder programme which rewards early stakers of the platform and reduces the available supply every year for 4 years.

Token Mining - Period - 4 years

Available tokens - 8,000,000

Year 1-4,000,000
Year 2-2,000,000
Year 3 - 1,000,000
Year 4 -1,000,000

Once this period is completed users will be able to receive a percentage of platform fees in place of the token mining revenues

This will then be replaced by the platfroms revenue sharing

Revenue share

50% of the fees generated on the flashloans.com platform will be distributed to all users staking FLASH.
Revenue share

By staking FLASH tokens - users will also be able to receive 50% of the fees generated on the flashloans.com platform.
All fees will show on your staking dashboard which can be removed along with FLASH token rewards through staking in the first 4 years

Ramsy:
Wow, that's be great incentives for users 👏

Thanks for that well detailed introduction about Flashloans.Com🤝
That's the wrap up of our the first part of the AMA session✅

David:
No problem 🔥

Ramsy:
Now Moving on to our next and last segment - Live Q&A

Shall we go?

David:
Ready when you are

Ramsy:
Haha Cool ✌️

Segment 2️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)

1)What benefits and rewards will be given to the FLASH token holders?

David:
You can view a full list here on the staking dashboard

https://stake.flashloans.com/#/

Agreed - we have a full lis of the integarations coming on the flashloans.com website and we will be looking to add new paltfroms to flashloans.com in the future

2) Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

David:
Sure - Flash loans backed arbitrage trades - Self liquidation and collatoral swaps

3) IS This Your project only for elite investors, how about others with small funds, is it open to everyone?

David:
This project allows anyone to use flashloans liquidity so its very inclusive for smaller investors

4) Sir I want to buy your token. is it listed onpancakeswap, Binance, Kucoin, MEXC OR Any Exchangers?? Where can I buy your tokens now??

David:
Currenlty we are on

https://v2.info.uniswap.org/token/0x5f0366c9962193fa774cdce9602195593b49f23c

https://pancakeswap.finance/info/token/0x5f0366c9962193fa774cdce9602195593b49f23c

5) Do you have a Token Burning plan to increase Token value and attract Investors to invest?

David:
Not at the moment but we are looking into this for the future

6) What is your global expansion plan? At present, which market do you focus on, or on building and developing to win customers, users and partners?

David:
We hope to be the market leader for Flash loans

7) Is your project is global? Do you plan to develop more in some areas where english is not basic language?

David:
YEs we will be adding translations to the site soon

8) Do you have an AUDIT certificate or are you working to AUDIT your project to make it more secure and reliable?

David:
Yes we will have an audit provided by Certik

9) Is your platform suitable for crypto beginners? Or does it only limited for professional users ?

David:
All crypto users can access this product - you will just need a basic understanding onf metamask

Sure - in the long run the adoption ladder and Revenue sharing will be a great incentive along with the platfrom benefits

https://stake.flashloans.com/#/

we have listed all the rewards here

*This segment ends here*

Ramsy:
Thankyou so much For your valuable answers and information about Flashloans.Com,
It Was Pleasure Hosting An Ama With You.

Is there anything else you would like to share or you want us to know ?

David:
We are also looking at adding other chains - att the moment though BSC seems to be one of the most popular

No that was a great AMA!

thanks for having me on and for all the great commuity questions

it has been really great to see some of the thoughts and insight - thanks everyone

Ramsy:
We Wish all the very best for Project Flashloans.Com And The Entire team behind the project🤝❤️

Community, if you would like to learn more about Flashloans.Com, here are some useful links for you:

Telagram: https://t.me/joinchat/HCAFABqRGjY77vIdI2nV9g

Twitter : https://twitter.com/ComFlashloans

Website: https://flashloans.com/

Medium : FlashLoans.com

LinkedIn: https://www.linkedin.com/company/flashloans-com/?viewAsMember=true