Lossless is a cybersecurity measure integrated within the blockchain system, designed to safeguard projects and communities from harmful exploits and related financial setbacks. It enables the detection of hacking activity, the potential freezing of suspicious transactions, and the reimbursement of stolen funds to their rightful owners. Using Lossless’ native token, LSS, participants can help in spotting hacking attempts and receive rewards for their efforts. Holding LSS tokens entitles users to stake and freeze fraudulent transactions pending investigation. Lossless was founded in early 2021 by a team of professionals spanning blockchain, cybersecurity, fin-tech, DeFi, and cryptocurrency sectors. Lossless aims to obstruct and reverse all future hacks in the DeFi arena, fostering a secure environment for the industry's ongoing growth.
You can view, swap, send and receive LSS tokens directly from your MEW Wallet. To receive your LSS tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the LSS token information page. You can send your LSS tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your LSS tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.