As we continue our marching toward the ultimate end goal of regulatory clarity, we’ve added one more small achievement! The Lox trademark has passed the first stage of the approval process and there seems to be no issues in us getting our worldwide trademark granted.
We’re also working on getting patents approved, but this process will obviously take a lot longer to sort out. A lot of work goes into searching and analyzing existing applications to determine which ones have already been granted to ensure we’re not infringing on anyone else’s previous achievements.
Staying in the regulatory body lane, we have also reached out to the Financial Conduct Authority (or FCA as it is more commonly referred) requesting guidance on how best to launch the first stable coin to run on our hybrid blockchain, Lox Network. This is merely a first step to investigate what possibilities may be available.
Cemil, our CTO, has hit the ground running. In less than a week, he has already implemented the time management and project management systems to better sync our development work here and is reviewing the document and code that our technology partners SoluLab have created. This upcoming week, he will start to work on publishing the Github and Gitbook documents, which we know is one of the most asked about topics over the last few months. Last, Cemil has also headhunted a devops engineer that he knows well and has worked with in the past. We’re hoping this candidate is the perfect start to begin building out our UK development team!
Out of the office and into the actual development, we have started testing the network in Devnet mode with five validators running with work on LoxScanner almost complete.
We’ll start to push more specific updates on what is being worked on from a week-to-week basis — even with who is responsible for what task. This both helps the community get to know who’s on the team and who to give credit to when you want to compliment their work!
SmartLox Mobile Security App
Backend – Arpit
Backend – Abhinav
Android – Pranav
Android – Mohd Naushad
iOS – Pankil
iOS – Virendra
iOS – Sandeep
Lox Network Development
Blockchain – Sushain
Blockchain – Siddharth
Blockchain – Tanya
Backend – Arpit
Blockchain – Abhijeet
Blockchain Team Lead – Neel
Earlier this week, we posted both parts 1 and 2 of the June 5 AMA transcript in our Discord channel. Part 3 is expected this weekend. Again, apologies for the delay on this. As we’ve discovered the AI in our transcription software needs more samples to learn a more diverse set of accents, this has become a manual, stenography style of transcript. James is uploading more voice samples on our end to help speed the process up over time. A more realistic turnaround time, for the time being at least, is two to three days for each 30 minutes of live voice transcribing. We hope to speed this process up very shortly!
Also, don’t forget about Round 2 of our MEXC trading competition with five Lox Founders NFT keys up for grabs! Just use our referral link to sign up (and please note, that Lox Technology may receive payment from MEXC for users registering using our referral link).
This round closes Friday and winners will be announced shortly after. In the meantime, the NFT keys are being minted and SoluLab will begin integrating them to unlock the sandbox.
Expect an update from Bitrue regarding yield farming in the next couple of days with an expected start date of June 21.
And, last, but certainly not least, we have a meeting scheduled with representative officers from the London Metropolitan Police cyber and physical crime units next week!
Lots of work going on behind the scenes! Thank you for all the support, #LoxFamily! – Team Lox