LosslessPrice(LSS)
Details Lossless (LSS) Price information (USD)
The current real-time price of LSS is $0.0011. In the past 24 hours, LSS has traded between $0.0011 and $0.0011, showing strong market activity. The all-time high of LSS is $2.61, and the all-time low is $0.0009.
From a short-term perspective, the price change of LSS over the past 1 hour is
Lossless (LSS) Market Information
Lossless (LSS) Today's Price
The live price of LSS today is $0.0011, with a current market cap of $98,426.32. The 24-hour trading volume is 25.79. The price of LSS to USD is updated in real time.
Lossless (LSS) Price History (USD)
What is LOSSLESS (LSS)?
When is the right time to buy LSS? Should I buy or sell LSS now?
Before deciding whether to buy or sell LSS, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s LSS technical analysis can provide you with trading references.
Future price trend of LSS
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for LSS.
How much will LSS be worth tomorrow, next week, or next month in ? What about your LSS assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! LSS Price Prediction
How to buy LOSSLESS (LSS)
Convert LSS to local currency
LSS Resources
To learn more about LSS, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x58ed...a36a51  | 19.645M | 19.55% |
ethereum | 0x62e3...911c77 | 15.966M | 15.89% |
ethereum | 0x688f...69f3be | 5.000M | 4.98% |
ethereum | 0x5cab...b7b790 | 1.792M | 1.78% |
ethereum | 0x6705...e11f84 | 1.557M | 1.55% |
Other | 56.525M | 56.25% |
Hot Events
LOSSLESS (LSS) FAQ
How does Lossless technically freeze a transaction on a decentralized blockchain?
Lossless functions by having project owners integrate the LERC20 token standard into their smart contracts. This specialized code allows the protocol to temporarily pause suspicious transactions for a window of 24 to 48 hours while an investigation takes place. To prevent abuse, a permanent recovery requires a 2/3 majority vote from a Decision-Making Body consisting of the project owner, the Lossless team, and an independent Security Committee.
What are the primary utility functions of the LSS token within the ecosystem?
LSS is a utility and governance token essential for protocol operations. It is used by 'Finders' who must stake tokens to report hacks and by holders to vote on whether frozen transactions are legitimate. Additionally, the token provides incentives, as successful reporters earn a portion of the recovered funds (typically 7%). Under the LSS Boost plan, staking or holding LSS also grants users access to professional-grade security monitoring tools.
How much LSS is required to report a hack, and what happens to the stake?
To submit a report and freeze a suspicious transaction, a user (Finder) must stake 2,500 LSS. This staking mechanism ensures that reports are made in good faith. If the report is verified as a legitimate hack by the Decision-Making Body, the Finder is rewarded. However, if the report is proven to be false or malicious, the staked LSS is confiscated through a process known as slashing.
Can existing tokens implement Lossless security, or is it restricted to new projects?
Lossless is designed to support both new and established projects. While new tokens can integrate the LERC20 standard at launch, existing projects can utilize the Lossless Wrapper or the Token Relaunch Toolkit. These tools allow older tokens to be 'wrapped' into a protected version that adheres to the LERC20 standard, enabling them to access the protocol’s monitoring and recovery features without a complete migration.
How does Lossless balance the ability to freeze transactions with the decentralized nature of Web3?
Lossless addresses the philosophical debate of decentralization by arguing that pure 'code is law' lacks protection against massive theft. To ensure a system of checks and balances, the protocol does not give any single party total control. Instead, it employs a 3-party voting system. No transaction can be permanently reversed without a consensus among the project owners, the Lossless team, and an independent Security Committee, preventing centralized misuse of the freeze function.
What are Aegis and the Cyber Cell initiative within the Lossless roadmap?
Aegis is a real-time monitoring tool that scans for smart contract vulnerabilities and suspicious wallet behavior, providing alerts before hacks occur. The Cyber Cell initiative is a 2024 strategy that utilizes non-transferable NFTs to tag and track hacker wallets across the ecosystem. These tools, combined with support for major EVM-compatible chains like Ethereum and BNB Chain, form a proactive defense layer for the Web3 space.
