A New Member of the Security Ecosystem: Lossless x BiggerMINDS
Global blockchain tech market size was valued at $5.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 85.9% from 2022 to 2030. More and more traditional businesses discover new opportunities in the space, and an outstanding number of crypto projects are being launched every week. This is evidence of a bright future for Web3.
It also sends the message of expansion. The growth of the industry directly translates to a higher security demand and a simpler way to understand the corridors of blockchain. This is where our newest partner and we come in. Meet BiggerMINDS that are building on Avalanche.
BiggerMINDS purpose is to create a unique and genuinely innovative hybrid platform that would bring simplicity to join the traditional and blockchain experience under one service. You can call it a one-stop shop for you to enjoy blockchain tech with the help of their core $MIND+ token, which will be integrating the Lossless Protocol to amplify the project’s security. By doing so, they will be protecting not only the project’s cryptocurrency but the token holders themselves too.
Here’s a quick reminder of how the Lossless Protocol works:
The Way Lossless Protocol Works
After the recent success with $AAG token retrieval from the Horizon Bridge hack, we feel this is a great opportunity to…
Welcome to Lossless, BiggerMINDS!
The goal of BiggerMINDS is to create an actual utility token under one platform. Rewards are not a utility but a benefit of investing in the ecosystem. The utility is created by the access that MIND+ will give you through products.
MIND+ is the Master Economy because of how the token flows through the entire ecosystem, rewarding everyone. At the same time, self-sustaining through the burn mechanism, including its ability to communicate with future products, is a token created with passion and longevity in MIND.
Restoring trust in web3 security. Lossless incorporates a new layer of blockchain transaction security, protecting projects and their communities from malicious exploits and the associated financial loss.
Lossless protocol implements an additional layer of blockchain transaction security for ERC-20 standard tokens, mitigating the financial impact of smart contract exploits and private key theft. Lossless protocol utilizes community-driven threat identification tools and a unique stake-based reporting system to identify suspicious transactions, providing real-time protection.