Lossless x Rare Antiquities Token New Security Partnership
Lossless has introduced Rare Antiquities Token as a new partner and become part of their security ecosystem, also known as RAT, which is building its own multi-purpose ecosystem in the crypto space.
In their ecosystem, there will be a few tokens with different objectives: $RAT is the utility token for all things related to art and antiquities, $FND is the token for charity and crowdfunding, and $TIX will be the token for Rare Antiquities Token’s NFT Ticketing solution.
The first level of their partnership is regarding security measure integration. $RAT’s smart contract has been supplemented with the Lossless protocol, and $FND has been minted on the Token Minter, meaning it also has their hack mitigation protocol inside. Not only that but $FND has also been audited by their partner — Hacken. $RAT will undergo one a bit later in the timeline.
Partnership level no. 2 — Lossless Token Minter capabilities will be added to the RAT’s upcoming DEX. In fact, the $RAT contract will form the template for this so that all tokens launched on it can utilize the Lossless protocol’s advantages.
In addition, RAT bridges the gap between the real world and digital art. It aims to be the first cryptocurrency used in the museum, gallery, and heritage sector. Whilst also adding to the company assets through the purchasing of appreciating antiquities. And they are also building an ecosystem outside of that described above.
Lossless team is pleased to have a new partner on board. And also take part in the guidance of projects on why security in the crypto market is essential. All their partners are informed about security measures and resources. They can count on to help them develop their products in a protected environment. That’s why they’re building the security ecosystem with multiple partners from different blockchain areas.
About Rare Antiquities Token
The Rare Antiquities Token (RAT) bridges the gap between real-world art and digital art! Taking appreciating antiquities from the real world, such as your fine art by Banksy or Picasso, Egyptian artifacts or even classic cars, turning them into digital art and fractionalizing this art so all holders of the Rare Antiquities Token can own a fraction as an individual NFT.
About Lossless
Restoring trust in web3 security. Lossless incorporates a new layer of blockchain transaction security, protecting projects and their communities from malicious exploits and the associated financial loss.
They implements an additional layer of blockchain transaction security for ERC-20 standard tokens. Mitigating the financial impact of smart contract exploits and private key theft. Lossless protocol utilizes community-driven threat identification tools and a unique stake-based reporting system to identify suspicious transactions, providing real-time protection.
SOURCE: MEDIUM
