The Lost And Fund is a peer to peer crypto marketplace that will be powered by LOST token and will focus on the sale of cryptocurrencies that would otherwise be inaccessible without spending more on the sale than the token is worth. With so many new projects being created its not uncommon to end up with a token whose value has dropped below the threshold of all the fees required to sell it. There are millions upon millions of dollars lost in crypto wallets on the erc20 blockchain due to gas fees that make it financially irresponsible to execute trades. It just doesn't make sense to spend $100 in fees to sell $40 of crypto. With every new token created our first and second use case will be strengthened.
As a seller on The Lost And Fund marketplace you will now be able to sell your lower value holdings that were once lost due to the fees needed to make the sale being greater than the tokens value. No longer will the gas fees and slippage prevent you from accessing your money. A peer to peer sale drastically reduces the cost to sell.
As a buyer on The Lost And Fund marketplace you will benefit from increased purchasing power. When it comes to smaller size purchases fees can account for a large percentage of the cost. It's not uncommon to have spent double a tokens value in its acquisition process after all the fees are accounted for. Buying peer to peer means the majority of your money actually goes towards your purchase.
The Lost And Fund marketplace isn't just for erc20 token holders whose money is lost behind heavy fees. All token holders are welcome to use the marketplace to make use of the benefits of peer to peer sales. There is no slippage for the buyers or sellers.
The third use case will not only remove tokens from circulation permanently without a burn tax but will also contribute to the second use case. The entire LOST ecosystem is designed to compliment each section and work together. This innovative way of removing tokens from the supply will not only provide a means to add a burn for the community but also free up taxes that can now be put to better use improving the marketplace for the benefit of the LOST token holders. The entirety of the third use case will be revealed in phase three and will transition the LOST token into being deflationary .