When we started Lossless, we knew that our team would be restructuring something no one had touched before. Most people knew what challenges lacking DeFi security creates but focused on hack prevention and tracking instead of post-factum mitigation and return of funds.
Ecosystem growth is a must if we wish to implement change in how DeFi security works. This is why we’re excited to announce a new partner on board. Please welcome Nonceblox!
Becoming partners with Nonceblox brings forward two benefits. For Lossless, it’s a higher reach potential — Nonceblox will refer their clients to us who have native tokens and would like to ensure their security at a higher level.
For Nonceblox, this works as a security measure — their clients will have the option to integrate Lossless Protocol into their token, which protects their community from loss of funds in any possible or attempted hack.
“As the crypto industry matures, security needs to be the top priority for any project endeavoring to be mainstream,” says Vinshu Gupta, Director of Nonceblox. “Lossless and Nonceblox share a vision of delivering security. Our relationship with world-class companies like Lossless is a powerful force multiplier, providing corporations with a one-stop-shop for all their blockchain-related requirements.”
Since 2014 Nonceblox builds decentralized applications for blockchain pioneers, leading companies in FinTech and other industry sectors. Their experienced team understands how to design a robust and high performative blockchain architecture that fits your product requirements.
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.