Community is Everything for any successful blockchain project

without its support and shared long term vision a project won’t get off the ground let alone succeed in an increasingly competitive landscape. That’s why the team at Flashloans has decided to airdrop tokens to the community as compensation for complications related to last week’s launch.

Due to suspension of withdrawals on Binance, there were delays in liquidity being added on Pancake swap. Some users added liquidity before the Flashloans team and users received sales at inflated prices with the FLASH tokens trading for millions of dollars and not the stated $0.05 launch price.

Unfortunately this error meant some community members made trades in good faith and purchased coins far above the launch price. As CEO I have made the decision that those trades should be fully compensated with FLASH tokens for the sums involved.

The team’s belief in decentralised finance to connect and empower people remains undimmed and we will continue to build a safe space for people to test out their crypto trading strategies with flash loans. Liquidity has been added to each platform and locked in for one year to provide the community with trust and collective confidence in Flashloans.com, we have decided to compensate the wallets affected by this with a one off airdrop which will take place on Wednesday the 10th of November at 9PM UTC.

The number of wallets impacted was 510 and funds will be sent to those individuals who suffered from the liquidity shortfall. We hope this provides the early users with the reassurance they need to keep championing the Flashloans.com project

We are currently testing and integrating Staking for the FLASH token into site which will be launching on the 15th of November.

Thanks for the continued support — The Flash Loans Team 😃

Website — https://flashloans.com/