As we mentioned in multiple articles and posts of ours, DeFi does not bring security by default. That is a myth — to secure your assets properly both the holder and the token creator must take certain actions to assure security in order to avoid losses. That’s what Lossless is soon to launch — Core Protocol — and make a significant change in the entire crypto space.
Yet, Core Protocol is a tool that is directed at DeFi projects to implement into their token’s smart contracts. This means volumes of work to spread the word about a new security measure and also onboard projects to implement it. And our team believes we’re doing quite a good job based on the ecosystem’s growth:
We’re happy to announce that we have one more name joining our partner ranks and doing it in quite a scope! Introducing — LegioPad (Formerly MetaPlay). They are a multichain launchpad with their own currency — $LGO. It will have our Core Protocol integration to secure the tokens from any hacks and exploits that might come their way.
Not only that, but LegioPad will also be immediately applying Vault Protection — an additional layer of security for project funds in their large wallets through wallet whitelisting and withdrawal limiting. Here’s a reminder of what Vault Protection does:
And last but surely not least, all projects using LegioPad as their launchpad will be required to integrate Core Protocol upon launch to ensure proper protection of funds. Our team is more than excited about this kind of dedication towards security and we’re honored to have LegioPad as a partner.
Welcome to Lossless!
About LegioPad
LegioPad — a multichain launchpad (formerly MetaPlay), powered by $LGO.
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.
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