CryptoCart X Lossless Partnership Announcement
The CryptoCart team is excited to announce our most recent partnership with our good friends over at Lossless, to help with exposure & security of our platforms, and to improve adoptability of CryptoCart. The Lossless community can now use their token at checkout across all CryptoCart current, and future stores.
What is Lossless?
Lossless have created the first DeFi hack mitigation tool for token creators. Lossless Protocol freezes fraudulent transactions based on a set of fraud identification parameters and returns stolen funds back to the owner’s account. The Lossless project builds upon the popular ERC20 standard to include security features. This Lossless core functionality (aka LERC20 standard) relies on the LSS token. On Ethereum, the LSS token can be staked by anyone to point out a hack and initiate its review. The review of the transaction can then lead to its reversal and to return of the hacked funds to the rightful owner.
How will Lossless help CryptoCart?
As some of you may remember the exploit we suffered a few months ago, the Lossless team was one of the first to reach out and try and help us. For that, we are forever grateful of their support. Our partnership with Lossless will help CryptoCart as a whole improve all security measures where possible, and with exposure of all of our platforms to their rapidly growing community.
What will CryptoCart offer Lossless?
At CryptoCart, it is apparent the utility we can add to absolutely any token or project, which directly benefits all CryptoCart holders. As part of our partnership, CryptoCart will offer Lossless the following:
- To accept $LSS as a payment method across all current, and future stores.
- To offer Lossless a set amount of unique discount vouchers to be used at checkout once our discount system goes live.
- Exposure of Lossless and their services to the CryptoCart Community.
What is CryptoCart?
At CryptoCart, our number one goal is to successfully bridge the gap between decentralized finance and e-commerce like never before. CryptoCart is a digital marketplace where consumers can purchase real-world goods & gift cards and checkout through using some of their favourite DeFi cryptocurrencies as a payment method.
On top of allowing an easy checkout process through the CryptoCart marketplace and gift card store, our team also has a vision to offer every product or service that consumers can imagine, whilst also offering several comprehensive rewards packages and options to users holding and using the $CCv2 token as a payment method. More on our token utility, and perks of holding $CCv2 can be found here:
CC Token Utility Update & Future Development Plans
Crypto Cart community, we are back with another big update in regards to increasing the utility within our ecosystem…
Presently, we have built 6 Amazon affiliate stores which allows users to check out using any cryptocurrency that our platform accepts as a payment method. From here, we are working on expanding to include affiliate stores for Amazon globally, as well as adopting and on-boarding other DeFi tokens as payment methods.
We are also very proud to have built our own Gift Card Store that currently offers over 1700+ gift cards globally, with instant and free delivery, all without requiring the user to KYC or dispose of their cryptocurrency into fiat beforehand.
From here, we plan on building stores to accommodate some of the following markets for consumers:
- CryptoCart Automobiles
- CryptoCart Holidays
- CryptoCart Luxury
- CryptoCart Sport
- CryptoCart Real Estate
- CryptoCart Collab & Merch stores