Our Network
LOX Network puts the power of device ownership in the hands of owners rather than wireless carriers. Our mission is to recover devices through global data sharing.
Designed to target and dismantle the phone theft industry through a decentralized blacklist, we bridge our users’ unique digital and physical ownership through unique non-fungible tokens or NFTs. At LOX, we are providing the world’s first global IMEI blockchain.
Token Utility
The LOX token, our native currency, is central to our network. $LOX is part of our reward structure and incentivizes mission success. Device owners can create bounties paid in $LOX for the recovery of lost and stolen devices. Plus, other users who find such devices and return them to their owners receive a reward paid in $LOX.
Users can also receive a $LOX reward when finding a blacklisted device with no apparent owner. These three incentives are designed to increase the recovery of devices.
Token Utility
The LOX token, our native currency, is central to our network. $LOX is part of our reward structure and incentivizes mission success. Device owners can create bounties paid in $LOX for the recovery of lost and stolen devices. Plus, other users who find such devices and return them to their owners receive a reward paid in $LOX.
Users can also receive a $LOX reward when finding a blacklisted device with no apparent owner. These three incentives are designed to increase the recovery of devices.
SmartNFT & SmartLOX
Our model pairs SmartNFT to SmartLOX NFTs, creating a bond that is at the core of our security network. The user creates an NFT representation of themselves including name and contact information, and then an NFT representing the user’s device is then minted. This records the device’s make, model, and IMEI.
By bonding the two on the LOX Network, proof-of-ownership is verifiable on the blockchain.
Innovative Features
of The LOX Network
Running on the XRP Ledger
LOX Mobile App
Coming soon: our security app will allow users to manage the security, whereabouts, and ownership rights of multiple devices on the go. It directly connects to the LOX Network proof-of-ownership system.
XRPL Ecosystem
Our network supporters are rewarded through the ecosystems’ three XRPL tokens: SmartNFT, SmartLOX, and LOX. These can also be purchased on the XRPL’s decentralized exchange.
LOX Security Tagging
Currently under development: our LOX Nano Security Tagging is an invisible method that will be used for tagging and tracing items using Microdot Technology.
Decentralized IMEI Blacklist
LOX allows private individuals to create applications using the LOX Network decentralized blacklist API integration, putting the power of device ownership into the hands of owners.
LOX Mobile App
Coming soon: our security app will allow users to manage the security, whereabouts, and ownership rights of multiple devices on the go. It directly connects to the LOX Network proof-of-ownership system.
XRPL Ecosystem
Our network supporters are rewarded through the ecosystems’ three XRPL tokens: SmartNFT, SmartLOX, and LOX. These can also be purchased on the XRPL’s decentralized exchange.
LOX Security Tagging
Currently under development: our LOX Nano Security Tagging is an invisible method that will be used for tagging and tracing items using Microdot Technology.
Decentralized IMEI Blacklist
LOX allows private individuals to create applications using the LOX Network decentralized blacklist API integration, putting the power of device ownership into the hands of owners.
