Gaining Momentum: Lossless Becomes Partners with PAID Network

Lossless
3 min readDec 10, 2021

Our team at Lossless is super excited today. Every week we introduce you to new partners which allow us to expand our ecosystem and increase DeFi space reach — more and more new projects in crypto learn about a security upgrade that they too can have against hacks and exploits.

Today is again one of those days. We are honored to announce that we have become partners with PAID Network — an ecosystem dApp that leverages blockchain technology to deliver DeFi powered Smart Agreements to make business exponentially more efficient. They allow users to tailor their own agreements and business contract, or choose from a variety of templates, to ensure they are protected and #GetPAID no matter where they are in the world.

For us, this is a milestone in our work, where with every partner joining us our DeFi security solutions receive an acknowledgment. Our CEO Vygandas Masilionis said that “Lossless being partners with PAID Network is like a stamp of proof that what we’re building will bring value to the entire crypto space. It only enforces our goal to bring solutions for protection against hacks to as many projects as we can reach.

Kyle Chasse, CEO of PAID Network comments on the partnership saying: “Combating negative exploits such as hacks and fraud in the DeFi and crypto space is a top priority for both PAID Network and Master Ventures. We believe security is a big aspect of how we can promote and ensure user adoption in the space. This is why our partnership with Lossless is so important, as it represents a key step for both of our ecosystems alongside all the projects we work with to gain more protection against such events and also obtain valuable knowledge on how to mitigate and counteract such problems moving forward.”

PAID Network will recommend to the projects that are supported by them to use Lossless as a security partner when protecting their tokens and users. Lossless, on the other hand, will refer PAID Network as a high-quality partner to projects that are looking for utmost efficiency in business and smart agreements.

About PAID Network

PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they GetPAID wherever they are in the world.

PAID technology leverages Astar to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.

For more information about PAID Network please refer to:

Twitter | Telegram | Website | GitHub | Medium| Blog

About Lossless

Lossless is the world’s first DeFi hack mitigation tool for token creators. Apart from our known cyber security solutions and renowned professionals, the community also plays a role. With a tangible reward system, community members are also encouraged to explore new ways to detect hacks and fraudulent transactions.

Our protocol halts counterfeit transactions through various methods of fraud identification and automatically reverses any stolen tokens back to the original owner. Our solutions to the impending problems of cyber theft within the blockchain space are thorough and applicable within many protocols.

Twitter | Telegram | Website | Whitepaper

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Lossless

World’s first unrivalled exploit identification and mitigation tools, designed to foolproof web3 from malicious activity.