FLASH LOAN IDO Whitelisting is Now Open on Prostarter

4 min readOct 30, 2021

IDO ANNOUNCEMENT🔥 We are glad to announce IDO launch of Flash Loan and its whitelisting application is now OPEN on Prostarter 🚀✨

Whitelisting Application for FLASH LOAN IDO

Starts: 30th October, 9AM UTC

Ends: 1st November, 6 AM UTC

Live IDO Whitelisting: 1st November, 8AM UTC

What is Flash Loans?

Flash loans is a new uncollateralized loan product in DeFi. Flash loans empower traders and DeFi users by enabling instant borrowing with no collateral required provided that the liquidity is returned to the pool within one transaction block.

If the flash loan trade will not return the full liquidity to the pool, the whole transaction is reversed to effectively undo all the actions executed until that point. This guarantees the safety of the funds in the reserve pool.

Flashloans.com can be utilised by anyone with a web 3 wallet and a requirement for using Flash loan liquidity- either this is to perform an arbitrage trade, self liquidate a DeFi loan, or providing a collateral swap for an existing DeFi position and more.

$FLASH is the native token of the Flash Loans project. Flashloans.com users can collect FLASH tokens simply by using the platform; each trade carried out on the platform will increase the number of FLASH tokens awarded.

MINING

Flashloans.com users can collect FLASH tokens simply by using the platform; each trade carried out on the platform will increase the number of FLASH tokens awarded.

ACCESS

FLASH token ownership gives access to advanced analytics, lower fees, and DeFi exclusive opportunities.

OWNERSHIP

By staking FLASH tokens or providing liquidity, users can receive FLASH token rewards.

Flash Loans IDO Details

Total Allocation: $50,000
Price per $FLASH: $0.05
Max individual allocation: $200
Min individual allocation: $100
90% Allocations for $PROT Pool
10% Allocations for Public Pool
Winners will have to spend BNB to buy their allocation.
100% $FLASH Unlock on TGE

Those who have locked $PROT tokens for lottery tickets will have to select $PROT Pool whereas others will have to choose Public pool when filling the whitelist application form.

👑 Pro Kings will have one guaranteed allocation whereas other PROT holders will have to lock their tokens to secure a lottery ticket to have a chance of selection in IDO whitelisting. More tickets will bring more chances of selection in the IDO whitelisting. The lottery Ticket calculator can be accessed from your account’s dashboard page on the Prostarter website.

Find out what is Prostarter Lottery Ticket system is and how it works 👉 bit.ly/3vVRW7k

How to Apply for $FLASH IDO Whitelisting

Here are the following requirements you need to fulfill in order to apply for Flash Loans IDO on the Prostarter launchpad.

Follow Flash Loans Twitter Account
Join Flash Loans Telegram Group
Follow Prostarter on Twitter
Join Prostarter Announcement Channel on Telegram
Join Prostarter Official Group on Telegram
Retweet the Flash Loans IDO Whitelisting Tweet
Tweet your favorite feature of the Flash Loans project using the hashtags $FLASH, $PROT, #Prostarter (Optional)
The application form is available on the Prostarter website.

Important Information

Follow the important information regarding $FLASH IDO Whitelisting.

No invalid BEP-20/ERC20 addresses, Telegram handles, or Twitter accounts
Entries by bots will not be accepted.
Entries with duplicate identities will be rejected.
Entries without following the required steps will not be accepted.
IDO Whitelisting for token $FLASH will be held live on the Prostarter launchpad on 1st November, 8AM UTC.
Once whitelisted, users will be given 24 hours to buy their allocation and to pass the KYC process.

About Flash Loans

Flash Loans is a new uncollateralized loan product in DeFi. Flash loans empower traders and DeFi users by enabling instant borrowing with no collateral required provided that the liquidity is returned to the pool within one transaction block.$FLASH is the native token of the Flash Loans project. Flashloans.com users can collect FLASH tokens simply by using the platform; each trade carried out on the platform will increase the number of FLASH tokens awarded.

Flash Loans Social Channels

About Prostarter

Prostarter is a community-centric and cross-chain IDO launchpad offering projects fundraising, token sales, and many other opportunities for the Crypto community. Cross-chain IGOs, Live Whitelisting, and One Time KYC are some of the core features that make Prostarter a transparent launchpad platform. Furthermore, NFT Marketplace and NFT launchpad are the upcoming developments Prostarter team is working on to bring ride of excitement and creativity for digital artists.

Prostarter Social Channels

Besides other socials also follow Prostarter Medium blog to stay tuned about upcoming IGOs and IDOs and more updates from the platform of Prostarter launchpad.