Market stats

$8.6M

$479,167.31

+8.31%

46.8M LSS

47% of total supply

$2.72

+1.92%

-7.3%

-12.25%

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About Lossless

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.

Lossless is on the decline this week.

The price of Lossless has fallen by 12.25% in the past 7 days. The price declined by 7.30% in the last 24 hours. In just the past hour, the price grew by 1.92%. The current price is $0.182867 per LSS. Lossless is 93.28% below the all time high of $2.72.

The current circulating supply is 46,822,671.936 LSS.

Lossless on social media.

Lossless was mentioned in 87 out of 1,859,602 social media posts on Twitter and Reddit on May 23, 2022. 67 unique individuals are talking about Lossless and it is ranked #600 in most mentions and activity from collected posts.

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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

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