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Lossless

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Lossless

Lossless was founded in 2021 by Vygandas Masilionis and Domantas Pelaitis and is a security project focused on enhancing the safety and accessibility of investing. The initiative brings together engineers, finance professionals, experts, and white-hat hackers to develop solutions that promote blockchain adoption by improving investor confidence and trust in Web3 security infrastructure. [1] [2]

Overview

Lossless is a blockchain security protocol designed to protect projects and their communities from malicious exploits and financial losses. By integrating a unique layer of transactional security, Lossless enables the detection of hacks, freezing of fraudulent transactions, and the recovery of stolen funds. At the core of the protocol is Aegis, a threat-monitoring system that continuously scans for vulnerabilities and suspicious activities, providing real-time protection. [3]

Products

Aegis

Aegis is Lossless's advanced Web3 security solution, designed to proactively identify and mitigate threats before they escalate into exploits. It offers a comprehensive suite of tools for monitoring and safeguarding and , catering to individuals, teams, and enterprises. It includes a dedicated API for monitoring protected addresses, assessing transaction risks, and detecting threats, supports all smart contract types, providing standalone monitoring without the need for additional integration, and features the Aegis , allowing users to manage transaction allowances, track wallets, and receive real-time alerts. Additionally, the Aegis Snap for provides a seamless extension for analyzing contracts before committing transactions, with no setup required. [4]

Key Features

  • Real-Time Monitoring: Tracks smart contract interactions and wallet activity without requiring configuration.
  • Predictive Analytics: Utilizes advanced analytics to detect malicious behavior and forecast potential threats.
  • Instant Alerts: Delivers multi-channel notifications for suspicious transactions and security risks.
  • Firewall Settings: Automates protection with blacklist capabilities and customizable integrations.

Lossless Protocol

The Lossless Protocol is a security solution designed to detect and prevent malicious on-chain activity within the cryptocurrency ecosystem. It enables both manual and automated, community-driven monitoring to identify suspicious transactions. Once flagged, malicious token transactions are frozen and undergo investigation. The protocol aims to restore stolen funds to their rightful owners and mitigate financial losses from hacks, exploits, or social engineering attacks.

Token creators can integrate the Lossless Protocol into their tokens by adding a specific code, which enables the freezing of fraudulent transactions. The protocol operates through a stake-based incentive system, where community members who identify and act on suspicious activity are rewarded. This collaborative approach helps strengthen the security of the decentralized finance (DeFi) ecosystem. [2] [5]

Token Minter

The Token Minter is a tool that enables users to quickly create and deploy their own tokens directly from their browser. It utilizes the L-ERC-20 standard, which incorporates hack-mitigating features to protect token communities. Transactions involving malicious activities are flagged, frozen, and can be reversed, ensuring that hackers cannot profit from exploits. The generated tokens are / compliant, ensuring compatibility with any ERC-20/BEP-20 wallet and adherence to Solidity Code Style standards for code integrity and security. [6]

Lossless Vault

The Lossless Vault is designed to help project owners secure their treasury wallets, and other high-value addresses against exploits.

  • Treasury Protection Strategy: This strategy restricts token transfers to only whitelisted addresses, ensuring that funds are only moved to authorized recipients, such as or contracts.
  • Liquidity Protection Single Limit Strategy: This strategy allows project owners to set limits on the amount of tokens that can be transferred from a protected address within a specific timeframe. The Vault and Treasury Protection system utilizes smart contracts that are deployed by Lossless and customized for each L-ERC-20 token to provide these protective measures. [7] [8]

Cyber Cell Initiative

The Lossless Cyber Cell Initiative is designed to enhance Web3 security by using unique, non-transferable as digital markers for wallets associated with hackers. These NFTs serve as permanent reminders of the risks posed by these addresses, addressing the challenge of short-term memory in the fast-moving digital landscape. The initiative is supported by Aegis, which tracks tagged wallets and provides real-time alerts through Telegram and Discord channels to keep the community informed. The initiative aims to raise awareness, prevent hacks, and improve blockchain security by engaging the community and providing ongoing security updates and exclusive access to new features. [10] [11]

Tokenomics

Lossless Token ($LSS)

The LSS coin is the native of the Lossless Protocol, designed to support security measures within the DeFi ecosystem. It is an ERC-20 token with a capped maximum supply of 100 million units, of which 55.57 million (55.57%) were in circulation as of August 2024. [9] [12]

Allocation:

  • 35% for the Private Round
  • 20% for Adoption Incentives
  • 15% for Company Reserves
  • 15% for the Team
  • 10% for Marketing/Listing
  • 5% for Advisors

See something wrong?

Price

$0.081752

2.53%

Market Cap

$5,609,910.00

2.58%

Diluted Market Cap

$8,154,635.16

2.58%

Volume
24h

$212,413.98

3.11%

Lossless

LSS

USD

USD

Edited By

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Edited On

December 10, 2024

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REFERENCES

[1]

Lossless.io About Page

Nov 29, 2024

[2]

Coinbase, Lossless

Nov 29, 2024

[3]

Coin Market Cap: Lossless

Nov 29, 2024

[4]

Lossless Aegis

Nov 29, 2024

[5]

Lossless Platform

Nov 29, 2024

[6]

Lossless Token Minter

Nov 29, 2024

[7]

Lossless Docs: Vault and Treasury Protection

Nov 29, 2024

[8]

Lossless Vault

Nov 29, 2024

[9]

Gate: 'What is Lossless? All You Need to Know About LSS'

Nov 29, 2024

[10]

Medium: 'Introducing The Lossless Cyber Cell Initiative'

Nov 29, 2024

[11]

Open Sea Lossless Cyber Cell

Nov 29, 2024

[12]

Medium: 'Your Guide to Lossless Tokenomics'

Nov 29, 2024