About
How would it feel, if 500,000,000 USD was transacted through your account?
There is an idea saying that if somebody wants to achieve something, (s)he should see that thing clearly in her/his mind and believe (s)he can achieve it.
This website tries to help its users to believe they can achieve large sums of money. Currently, the site does this by passing large number of million dollars through the user account; this was not possible before the advent of blockchain.
Blockchain has enabled some type of loan called flash loan, which does not need any collateral, but it should be returned within the same transaction. This website uses the flash loan on Ethereum blockchain to get a flash loan of up to 500,000,000 dollar (in Dai token), put it in the provided account and then take it back. The fee for the non-free version (500,000,000 USD) is currently 0.0095 Eth which should be available in the account before starting the process. Free version does not require fee. Both will require netwrok fee for sending the transaction.
The steps are:
- The first step is to have or creare an account with enough balance to cover network fees and the Flashmilionaire.com fee (if the non-free version is used).
- The second step of the process is to approve a transaction so the designed smart contracts can take the amount of loan back from your account (Currently 500,000,000 Dai for the non-free version and 1,000,000 Dai for the free version).
- The third step is to confirm the actual transaction which transfer millions to your account and gets it back.
In order to confirm your account had million(s), you can search your respective transaction hash on an Ethereum block explorer like etherscan.io, and you will see something like following:
It may be more comfortable, to follow the steps using an account containing only the required eth for sending the transactions. The smart contracts are available for both Ethereum mainnet and Sepoila testnet to become familiar with the process. Contracts are available as the following (NFT contracts are designed for possible NFT issuance for users of the paid version in future):
Ethereum Sepolia testnet:Since Dai is not offcially available on Sepolia testnet, a custom token (FUSD) and its lender is created on Sepolia blockchain. To get Sepolia Eth, you can use faucets like: https://sepoliafaucet.com/. To get FUSD, you can use FUSD faucet. For each 0.01 Sepolia Eth you send to the contract address ( 0xe0b05ad199e2a7c237f272c1db1c6774c008e364 ), you will receive back 50 FUSD.
Please also note that:
- Anywhere USD is mentioned, it is about Dai equivalent in mainnet and FUSD in sepolia testnet. Dai is soft-pegged to USD.
- If there are any issues in using the website, smart contracts can be invoked directly using a platform like etherscan.io .
- If you are using a mobile device, the browser of the wallet app is recommended.
About NFTs
There are two types of NFTs:
- Soulbound NFTs: There is an idea to issue soulbound NFTs for paid clients so that they can keep track of their feeling more easily; it is not finalized yet.
- Preminted NFTs: In order to raise about 10,000 USD at the luanch of flashmillionaire.com a collection of NFTs were issued to be buyed backed at 5 fold of intial sale price when the profit of flashmillionaire.com reached 1,000,000 USD. The terms for these NFTs are (For previous terms please click here):
- Although the sales are done in ETH, the investment amount is considered to be the USD equivalent of the payment as detailed in the next item.
- Regrdgless of the amount paid in ETH, the purchase price for NFTs numbered form 0 to 999 is considered to be 10 dollars, 1000 to 1499 is considered to be 20 dollars and 1500 to 1699 is considered to be 50 dollars, 1700 to 2699 is considered to be 10 dollars, 2700 to 3199 is considered to be 20 dollars and 3200 to 3399 is considered to be 50 dollars. The ETH price for NFTs is tried to be set in such a way that the stated prices are logical at the time of sale.
- If more than 10,000$ of NFTs are sold, all of them will be considered for 5 fold repurchase (Actually 30,000$ worth of NFTs are listed in Exchange in various prices to satisfy different tastes). NTFs numbered above 1700 are not normally for sale, and are reserved if special conditions occur.
- If an NFT price is considerably higher than the mentioned amounts (for example 100000000 ETH) it means that, the NFT is not for sale anymore, this price change is to indicate the sale stop. Under all conditions the price assumptions detailed in the before last item will be effective.
- The buyback instrument will be Dai or its equivalent.
- If the buyer does not claim its 5 foldeded investment back in a timely manner, flashmillionaire.com can pay the buyer address address on its own.
- The buyer accepts what flashmillionaire.com declares as its profit.
- If it was decided to stop flashmillionaire.com before 1,000,000 USD in profit, it means there will be no buyback.
- Buyer is responsible for complying with their local laws. Due to legal restrictions, purchasing NFTs or using this website is prohibited for U.S. Persons.
- If the terms change, the buyer accepts the new terms automatically or will her/sell his NFTs immediately, the terms will not normally change against buyer in terms of buyback price or the required flashmillionaire.com profit.
- Other possible uncovered issues will be solved by common sense.