Lox Network is the world's first blockchain mobile security network that introduces a groundbreaking proof-of-ownership use case for NFTs. Powered by the decentralized XRP Ledger, Lox Network offers speed, reliability, and cost-effectiveness.

The network operates on a three-token ecosystem: LOX, SmartLOX, and SmartNFT. These tokens work together to establish ownership of a specific mobile phone in scenarios such as loss, theft, or when proof of ownership is required for selling. SmartNFT represents the user and records relevant data to the XRP ledger, while SmartLOX represents the mobile device, including make, model, and IMEI information, also recorded to the XRP ledger.

LOX serves as the front-end system for the Lox Network mobile app, connecting and bridging these two unique NFTs. By combining them, the network provides irrefutable and publicly verified evidence that the owner of the NFTs is the legitimate owner of the device. This evidence is retrieved from the decentralized XRP ledger.

Lox Network caters to a wide range of users, from school students who require phones for communication with teachers and peers, to large corporate logistics departments that need to manage and validate their mobile phone inventories. Additionally, the Lox Network API can integrate with cell service providers, insurance companies, and manufacturers.