Lox Network is the world's first blockchain mobile security network and brings a revolutionary proof-of-ownership use case to NFTs. The network, powered by the decentralized XRP Ledger for its speed, reliability, and cost-effectiveness.
Lox Network uses a three-token ecosystem consisting of LOX, SmartLOX, and SmartNFT, all relying on each other to prove you own a specific mobile phone in case it's 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 front-end 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.
Where is Lox Network available for purchase?
You can exchange LOX tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Lox Network is ProBit Global, notably the LOX/USDT pair, which saw a trading volume of $ 1.74 in the past day.
What is the highest value Lox Network (LOX) has ever reached?
Lox Network (LOX) reached its peak price at 0.01404 $ on 12 November 2021, approximately 4 years ago ago. Presently, the current price is -99.6% lower than this all-time high.
What is the historical minimum price for Lox Network (LOX)?
The minimum price reached for Lox Network (LOX) was 0.05409 $, documented on 06 May 2024, more than a year ago. In comparison, the current price is 1,259.9%, it above this historical low.
What is the fully diluted valuation of Lox Network (LOX)?
The fully diluted valuation (FDV) of Lox Network (LOX) stands at $ 61,248. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,000,000 LOX tokens. The realization of this FDV might take several years depending on the emission schedule of LOX tokens.