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Where to buy Lossless (LSS): trending after helping Cream Finance recover $16.7M of stolen funds


invezz.com 04 October 2021 08:33, UTC
Reading time: ~3 m

As blockchain solutions increase, one cryptocurrency, the Lossless (LSS) is currently trending curtsey to its blockchain helping a DeFi platform recover $16.7 million of crypto funds that had been stolen after the protocol was exploited by hackers. The coin is currently on a very strong bullish trend and it has caught the attention of crypto investors; most of whom don’t want to be left out as the coin takes off.

To help new investors and traders eyeing the cryptocurrency, Invezz has created a brief article to assist crypto traders and investors understand what Lossless (LSS) is and also find the best place to buy it.

To find out more, please continue reading.

Best places to buy Lossless (LSS)

Wondering how and where you can buy the Lossless (LSS) crypto online to avoid missing out on the current bullish trend? Well, you don’t have to worry anymore. You are in the right place!

All you have to do is to find a reliable exchange, open a trading account, and deposit funds (either fiat or crypto depending on the allowed form) to purchase the number of LSS tokens you want.

According to our team of professionals, here are some of the best platforms where are you can buy LSS tokens online:

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

NAGA

NAGA is a unique social trading platform that allows users to access world's most popular cryptos, stocks and forex. Users can automatically copy the strategies of the best traders on the platform

What is Lossless (LSS)?

Lossless (LSS) is the native cryptocurrency of the Lossless protocol.

If it is the first time hearing about this protocol, it is a hack mitigation tool for token creators. Token creators insert Lossless code into their protocol. The code is designed to freeze fraudulent transactions through some fraud identification parameters. The frozen transactions are then audited and evaluated to find out if they are a result of a hack or not. If it is found to be a hack, the funds are returned to the owner’s account.

It was founded in the first quarter of 2021 and it has grown to become a hardy tool especially to DeFi developers. The recent recovery of $16.7 worth of cryptocurrencies stolen from Cream Finance has set the protocol on the right trend.

LSS token gives holders the ability to participate in the freezing of fraudulent transactions. A holder gets the right to freeze fraudulent transactions after he or she stakes LSS tokens.

Should I buy LSS token today?

If you are looking for a new cryptocurrency that is currently on the rise and whose value has the potential of growing, then the LSS token is a good choice.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

Lossless price prediction

The price of Lossless (LSS) is expected to continue rising especially following the role that the Lossless protocol is playing within the DeFi space.

Lossless social media coverage

Lossless helped to recover $16.7M from the exploit on Cream Finance. This is our first recovery of such scale! pic.twitter.com/SFXvRdtslG

— Lossless (@losslessdefi) October 1, 2021

Cream Finance has managed to recover a substantial chunk of the recently stolen cryptocurrency funds.https://t.co/PNKPHN4bFT

— CryptoPotato Official (@Crypto_Potato) October 2, 2021

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