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.
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.