- Lox Network is the worlds first blockchain mobile security network and brings a revolutionary proofofownership use case to #NFTs . - The network, powered by the decentralized XRP Ledger for its speed, reliability, and costeffectiveness.Lox Network uses a threetoken ecosystem consisting of LOX, SmartLOX, and SmartNFT, all relying on each other to prove you own a specific mobile phone in case its lost, stolen, or you need to show a buyer proof of ownership before selling it. - SmartNFT is an NFT representation of the user and records this data to the XRP ledger. - SmartLOX is an NFT representation of a mobile device that includes the make, model, and the IMEI, also recording this data to the XRP ledger. - LOX is the frontend system powering the Lox Network mobile app. - Lox Network bridges these two unique NFTs by pairing them together to demonstrate the owner of the two unique NFTs is the rightful owner of the device using irrefutable, publicly verified evidence pulled from the decentralized XRP ledger. - Lox Network can be used by anyone from a school student needing the phone to stay in touch with teachers and fellow students to large corporate logistics departments needing to audit and validate their mobile phone inventories. - The Lox Network API can also integrate with cell service providers, insurance companies, and manufacturers alike..
Summary of the coin Lox Network
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