Lossless provides a protocol designed to prevent and mitigate DeFi hacks by freezing suspect transactions and returning stolen tokens to their original owners. The platform uses a stake-based reward system to incentivize community detection of hacks and a dashboard for transaction monitoring. The team emphasizes preemptive security and decentralized governance to reduce theft and fraud in token ecosystems. Lossless recently completed a private sale to raise funds for project development, marketing, and scaling efforts. Token metrics disclosed in the raise include a private sale allocation of 29,155,000 LSS at $0.077 per token and a total token supply of 100,000,000 LSS. The company positions itself to work with audit firms and launchpads to increase the LSS token’s presence and credibility as it prepares for rapid growth.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

May 2021