FlashLoans ⚡AMA with David Pedrini 👋— Recap
We recently held an AMA with our CEO David Pedrini and hosted by Tammy Paola. This is the first of a series of AMA’s aiming to give our community access to key people within our business and to learn more about our plans for the future.
If you missed the AMA, please read on for a recap of the Q&A’s.
Questions from our Twitter community
Question 1: How long before the BSC network and other networks will be added after the launch of the app at the end of December
David Pedrini: We are working on implementing BSC to the platform. The integration challenge is smooth for us but we also need to collate the partners we will be integrating. We are looking at Q2 /Q3 2022.
Question 2: Will only influencers with large audiences be rewarded for promoting the benefits of flashloans in their communities, or will regular users be able to receive rewards as well?
David Pedrini: Great questions — I think this relates to the token mining programme — we will be incentivising platform use for the first 6 months of the launch through the FLASH mining programme which will issue FLASH tokens to users of the platform — this is based on volume of use and not trade sizes so it will be accessible to everyone. We also have a referral programme coming up in 2022 which will be a great way for influencers to bring new users to the platform and receive FLASH rewards.
Question 3: What will happen to the Flashloans platform once the app is successfully tested, the bot is launched, and new integrations are added? Is there a rough vision after 2022–2023 of how Flashloans will develop further?
David Pedrini: Nice — the above lists the core features of the Flashloans.com platform. Once these are all live we will be looking to open up access to the service through an API — this means other defi services will be able to integrate flash loans into their platform — this could be a DEX offering this as a liquidity solution to their existing exchange or a lending platform offering the ability for self-liquidation through the flashloans api as a service. We will also be looking to integrate new and exciting defi projects into flashloans.com so we see this being an evolving tool.
Question 4: Did I understand correctly that a single multi-step transaction would have to pay multiple gas fees?
David Pedrini: Yes, the gas will depend on how complex the flash loan trade that is being performed — it’s hard to say what the gas fees will be so we will be providing a gas calculator in the site so you can see exactly what the fees will be before you make the transaction.
For the approval step this will depend on if we add in a pre-approval limit or make it per transaction so tbc.
Question 5: For how long will users receive a percentage of the platform’s commission? For the time of the platform’s existence? Won’t the rules be changed for users in the future regarding revenue share?
David Pedrini: This will be permanent so those who have Locked in memberships will receive those ongoing — as the coin circulation decreases and the price potentially increases, we may be opening up some new levels which gives platform features only and no revenue share — as these will likely be harder to obtain.
David Pedrini: Some really great questions from the Twitter community!
Questions from our Telegram group
Question: Regarding membership levels, may I change my situation by just holding or dropping tokens? Is that simple? Btw, nice dashboard indeed.
David Pedrini: Thanks — yes you can visit the staking dashboard any time and stake or unstake tokens with no penalties.
Question: I think whats lacking on the Flashloans dashboard is some gamification and socialization. Will you have any idea on that?
David Pedrini: Yes we are actually looking into dashboards as we think this will be great for gamification but also to showcase what flashloans can be used for.
Question: Can you tell us about team members? are they qualified and professional in their fields?
David Pedrini: We have been building dapps since 2018 and have some existing tools in the marketplace such as https://binancesender.com.
Question: Why did you choose such a generic name? Won’t it limit your efforts when extending Flash Loan with new horizons?
David Pedrini: We actually see this in a different way — and think the domain flashloans.com gives us a huge brand advantage as we are generally top of google when you search or flash loans.
Question: Can you explain how is your Tokenomics Distribution? How many tokens Will be minted? And how many tokens Will be locked by the team?
David Pedrini: The total supply is 200 million. The team lockup is for 1 year — and the current circulating supply is around 30 million.
Question: Is your project only for elite investors, how about others with small funds, is it open to everyone?? And also, where can we buy Project TOKEN?
David Pedrini: The zero-collateral feature of using flash loans will make this accessible for everyone.
Question: Do you have a YouTube channel or a tutorial video that we can learn from? If yes. can you share it with us? How can the COMMUNITY and help in the success of your project?
David Pedrini: Yes, we are working on this right now actually — we will be releasing the tutorial series soon — stay tuned.
Flashloans is a new DeFi tool that allows users to create and perform a Flash loan backed trade from an easy to use UI. For more information go to www.flashloans.com
