The guide shares the new protocol to mitigate DeFi scams and the live market analysis of Crypto Lossless
In a bid to improvise the security level in the Decentralized Finance space, a new protocol has been introduced called Lossless. The protocol focuses on alternative approaches instead of preventing them; it aims to mitigate the problem within the DeFi space.
Lossless is the innovative protocol used as the Crypto hack mitigating tool in the DeFi space. It empowers the security experts and white hat hackers to detect, mitigate hacks while retrieving the stolen funds.
It uses the official digital currency Crypto Lossless, and investors from Canada, Australia, the United States and the United Kingdom want to buy it.
What is Lossless?
Lossless is the innovative hack mitigation tool designed for the token creators, white hat hackers and security professionals of the Crypto world.
The protocol allows the project or token creators to connect a code to their tokens, and it helps detect the hacks, freeze the fraud transactions while retrieving the stolen funds.
It freezes the fraud transactions based on different scam identification strictures and helps retrieve the funds back into the project or token creator’s account. The protocol also allows the creators to participate in the Lossless network. So, holders of Crypto Lossless get the rights to stake and freeze the deceitful transactions and evaluate whether it was a scam or legit.
Who is the Founder of Lossless Token?
The lossless protocol was launched in the 1st Quarter of 2021, and the team of cyber-security, blockchain experts, DeFi, Fin-tech and Crypto experts back the protocol.
Vygandas Masilionis is the project head, Domantas Pelaitis is the Technology head, Gytis Trilikauskis is the Marketing Head, and Dominykas Van Otterio is the Business Development Head.
You can visit the official website of the token to learn about the other team members behind the project and the token.
Crypto Lossless – Market Analysis, Statistics and Supply
- The live price of the LSS token is $2.05, with a price hike of 50.15% in the last 24 hours. The trading volume of the token recorded in the last 24 hours is $68 486 620. It has registered a hike of 36.26% in the last 24 hours.
- The live market capitalization of the token is $45 953 337 and based on the market cap, the token has been ranked at #595. The fully diluted market cap of Crypto Lossless is $205 387 498.
- The total circulating supply of the token is 22 373 970 LSS coins, and the maximum circulating supply is 100 000 000 LSS Coins.
How to Buy Lossless Crypto?
- Register to any Fiat-to-Crypto Exchange
- Purchase ETH using the fiat currency
- Transfer the ETH to ALT coin exchange
- Deposit the ETH to the Exchange
- Search LSS Coin using the contract address 0x3b9be07d622accaed78f479bc0edabfd6397e320
- Check the live value of the coin before buying
- Enter the number of Crypto Lossless Coins you want to buy
- Trade LSS for ETH and hold it securely in a hardware wallet
FAQ
Q1. What is the Official Link of LSS Coin?
A1. https://lossless.cash/ is the official website of the coin.
Q2. Which Contract Address is Right?
A2. The correct contract address of LSS Coin is 0x3b9be07d622accaed78f479bc0edabfd6397e320
Q3. What is the Market Ranking of LSS Coin?
A3. The live market ranking of the coin is $595.
Conclusion
A revolutionary protocol has been launched to mitigate the scams and hacks in the DeFi space instead of preventing them. It is called a Lossless tool. It uses the native currency Crypto Lossless that allows the holders to participate in the LSS ecosystem.
The tool is beneficial as many scams are going on in the Crypto marketplace. However, before investing in crypto, you must read the Common Cryptocurrency Scams and How to Avoid Them to know its importance.
Are you already using the Lossless tool? Then, be the first to share your practical reviews in the comment section.