What Is Lossless Protocol (LSS)?

Lossless is a cryptocurrency that freezes fraudulent transactions under fraud identification parameters and returns stolen funds to their owners. Lossless strives to provide a trusted and safe DeFi ecosystem with a Lossless code that token creators can use to mitigate loss from hacks, exploits, or social engineering.

Lossless seeks to build long-term relationships with all its customers and work with a small number of influencers who would serve as ambassadors for the brand. It is an effective way to improve trust in the crypto community and boost its numbers. Furthermore, the project's stake-based incentive system encourages community members to develop efficient hack-spotting mechanisms—the spotter who takes action first receives the reward. 

Token creators insert a code into their tokens to implement the Lossless protocol. The two-step process to recover stolen funds is as follows:

• Instant/Urgent Freezing after a Hack: Reward the person who identifies the hack and freezes the transaction.

• Permanent/More Extended Freezing: Occurs after a hack is verified and steps are taken to reverse the fraudulent transaction.

The LSS token is an integral part of our ecosystem that influences the DeFi market and achieves more remarkable results. The token also involves our community when making critical decisions.

Token utility for LSS:

• Staking by finders

• Fees for finders

• Token governance of LSS

• Referral and promotion program

• Insights and early access

According to the Lossless team, referral and affiliate programs are the reason for the rapid spread of cryptocurrency ecosystems and DeFi solutions. Transparent affiliate campaigns have helped the DeFi space grow in popularity, so it continues to be essential for attracting new users.        

Who Founded Lossless (LSS)?

Founded by Vygendas Masilionis and Domantas Pelaitis in 2021, this project brings together engineers, finance professionals, DeFi experts, and white-hat hackers who are dedicated to making crypto investing accessible and safe.

How Many LSS Tokens Are There?

There is a total supply of 100,000,000 LSS tokens.