Today is a good day. We’re proud to finally say that we’ve kept up with our deadline and are able to release our Token Minter in due time.
Lossless get approached by new projects which want to implement security measures for their token. In order to onboard new ecosystem members and help projects integrate Lossless code, every time our tech guys need to manually guide project teams through the process.
To save our tech teams valuable time, streamline the Lossless ecosystem onboarding, and, most importantly, give every crypto market participant a simple and intuitive tool to create a token smart contract, we decided that it’s about time for the Token Minter to find its way in the market.
In this short announcement/update, we want to give a brief run-down of why felt the need to create a tool like that for the community. So let’s not waste any more of your precious time and let’s get right down to it.
Token Minter is a permissionless tool available to anyone who is looking for a way to easily create and deploy a token smart contract. We made the user interface as intuitive as possible, so it does not require any technical knowledge to start playing around with it and minting tokens.
At this time, Token Minter supports ERC20 and BEP20 token standards allowing to mint token contracts on Ethereum, Ropsten, Binance Smart Chain, and Polygon (Matic) networks.
And the best part? The Token Minter is completely free. The only thing you’ll need to do is to pay gas fees for the contract deployment. That’s it.
Lossless sleeper code is integrated with the Token Minter
In addition, Minted tokens will be infused with the Lossless Standard plug-in and once our protocol goes LIVE, the hack mitigation code will instantly become functional too. It will save projects from redeploying their token contracts in the future.
IMPORTANT: Until full platform launch, the Lossless plug-in will act as a sleeper code and will offer no security properties but will save token teams from the trouble of redeploying their contracts later down the road. At the moment, deploying tokens using the Lossless Token Minter does not guarantee hack protection.
Verified code and on-demand audit from Hacken
As an added benefit for the token minters, there is an option to receive a professional security audit report from Hacken, a well-established cybersecurity company operating in the cryptocurrency and the blockchain industry for years. The security status outlined in the audit is valid until changes are introduced into the code.
Quote provided by Hacken: “We see great potential in working with Lossless. The Lossless team is introducing a solution capable of promoting the mass adoption of crypto. It’s a great pleasure for Hacken to be responsible for ensuring the security of the Lossless ecosystem. We can now reach hundreds of innovative teams thereby strengthening the market reputation of Hacken”.
How to use the Token Minter:
- Visit https://minter.lossless.cash/
- Connect to Metamask
- Select the network you want to deploy tokens on (Ethereum / Ropsten / BSC / Polygon)
- Set the token name, ticker, and the total token supply
- Specify token owner, admin wallet, and recovery admin wallet addresses
- Check whether you want to have a token audit report from Hacken
- Deploy.
Voila, you’re done!
Go ahead, try it out. We’ll be waiting for your feedback.
If you find any bugs or feel like something is not working properly, come over to our Telegram chat or report an issue to hello@lossless.cash and we will solve it.
