Roadmap

LOX Network launched in the 3rd quarter of 2020 as an Ethereum project. As the project was in development, Ethereum’s gas fees began to become uneconomical for LOX’s intended use of microtransactions. Imagine paying a nominal fee to use LOX Network and be faced with insurmountable gas to pay for the transaction.

2020

Q3

  • Lox Network Project launched
  • Use case research & development
  • Whitepaper v0.1

Q4

  • Commercial Implications researched
  • Tokenomics v0.1
  • Core Team Building
  • Whitepaper v1.0

2021

Q1

  • loxcoin.io goes live Ethereum gas prices make LOX unviable on the Ethereum blockchain
  • Covid restriction slows progress

Q2

  • Alternative blockchain solutions researched
  • lostorstolen.co.uk testing begins (web version of app)
  • Whitepaper v1.2

Q3

  • XRPL selected as blockchain of choice
  • LOX Network relaunch on XRPL (LOX)
  • Inception of SmartNFT
  • SmartLOX is born

Q4

  • Community building
  • Development team selected
  • Mobile Application MVP (Internal)
  • Whitepaper v2

2022

Q1

  • Technical paper v1
  • Consumer Adoption
  • Commercial partnerships
  • Mobile Application Alpha release (closed Internal)

Q2

  • Commercial Adoption
  • Main-Net Launch (pending Flare)
  • Mobile application Beta release (closed public)

Q3

  • Mobile application Gold release (final public)
  • lostorstolen.co.uk final release (web version of app)
  • Nano Tagging introduced (microdot technology

Q4

  • LoxDAO goes live
  • Giv token is launched
  • Further development and partnerships

2023

Q1

  • New features introduced (Phase 2) smartwatches, laptops and other high value goods prone to theft

© LOX Technology Limited
Company No.13083900  .