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Lossless is a hack mitigation tool for token creators. Its technology pauses fraudulent transactions and refunds stolen funds to the account owner based on a set of fraud detection parameters. A team of blockchain, cyber-security, fin-tech, DeFi and cryptocurrency experts launched Lossless in Q1 of 2021. Lossless set out to prevent and reverse all forthcoming DeFi hacks, ensuring that the sector may continue to flourish safely. The LSS token allows users to participate in a lossless network. As a result, holders of LSS tokens have the ability to stake and thereby freeze fraudulent transactions, which will be audited and analyzed to determine whether they were a hack or not. LSS tokens were built as a key component of the Lossless ecosystem in order to have a substantial impact on the DeFi industry and achieve even better results by participating our community in key choices.