Time and time again, we continue to bring great news regarding our project and token to our community. Our vision is to become the most trustworthy project in the DeFi ecosystem and the anti-hack tool of choice for crypto users all across the globe.
We’ve held onto these values since day one of our journey, and that dream is getting within a much closer reach as we continue to grow and expand our network.
When we bring aboard investors from our private fundraising rounds, we look for only the very best who can add maximum value to our team and project and have our long-term success top of mind.
That’s why today we’re excited to announce that Lossless has partnered with PAID Ignition, a crowdfunding launchpad platform for new and exciting startup projects! And for the icing on the cake, we’re also conducting an IDO on their platform!
Don’t wait any longer — if you want to find out more, keep reading below for all the important details.
What is Lossless?
Lossless is a brand new project in the works of creating the very best DeFi hack mitigation tool for the crypto space. Our code is designed to identify and put a stop to fraudulent transactions on the blockchain, creating a safer world for everyone.
But how does it all work? We partner with token creators (individuals and companies alike) to integrate our special code into their digital assets. Once the code has been properly put in place, the respective token address is protected from hacks.
Our community helps run the Lossless ecosystem and is made up of identifiers and our trustworthy committee. Identifiers flag the fraudulent transaction, and then our committee executes the final quality check to ensure the validity of the claim.
If everything checks out, the transaction is frozen and funds are returned to the original token address. Afterwards, the identifiers are given rewards in the form of $LSS, our governance token that helps power the network.
Scammers and cyber criminals are no match for our breathtaking technology!
Partnership and IDO Details
PAID Ignition is an IDO launchpad platform allowing users to participate in lucrative private and public token fundraising auctions. Powered by PAID Network, it also serves as a decentralized swapping protocol for promising early-stage projects looking to grow their communities.
With the development of the Lossless token standard, PAID Ignition will help promote the integration of Lossless’s anti-hack technology with future tokens launched on its platform.
Going forward, Lossless will have a tremendous opportunity to contribute to the safety and security of the entire crypto industry, one token contract at a time. In due time, our mission is to become a widely-recognized “household” name in crypto.
Post-IDO the focus will be on quickly scaling up and pushing Lossless’ token ecosystem to new heights.
For now, welcome to the Lossless family, and we look forward to a bright (and secure) future!
IDO Information
For those of you who may have missed it, we’ll also be having our upcoming IDO on PAID Ignition. The IDO will officially begin on Thursday June 3rd at 9am — so fasten your seatbelts, because it’s going to be a wild ride!
We’ve put together highlights of the critical details that everyone should be aware of before the event officially kicks off:
- Initial Market Cap: $847,000
- Total Public Raise: $200,000 in $LSS
- Contribution Cap: $1,000 per person
- Public Token Price: $0.077 per $LSS
- Vesting Schedule: 20% at listing, then 20% quarterly for one year
To find out more information, can be found on our project’s PAID Ignition page. This is where you’ll be able to set up when the IDO begins.
In advance of the IDO, we advise that you send enough ETH to your Ethereum wallet to cover the gas fees and transaction amount you’re looking to contribute. Please note that PAID Ignition only supports MetaMask, so you’ll need to install it in your browser as an extension to interact with its launchpad platform.
Once the IDO has concluded, everyone will be able to claim your $LSS tokens into your wallets.
So what are you waiting for? Hop on the bandwagon and start getting set up for what will be one of the biggest events of 2021 for our project!
About Lossless
Lossless is the world’s first DeFi hack mitigation tool for token creators. Through various methods of fraud identification, our protocol halts counterfeit transactions and automatically reverses any stolen tokens back to the original owner.
With our stake-based reward system, the community is encouraged to actively continue to explore ways to detect hackers and fake transactions. Our sleek and fluid dashboard interface also allows users to view transactions at a birds eye view.
To learn more about our project and join the community, follow us on our website and social media platforms below:
