LEXIT LXT: Intellectual Property Blockchain Startup Marketplace?

While the average person might not know, but the domain of Mergers and Acquisitions (M&A) is a highly complicated one. For starters, there are thousands of businesses that dissolve annually, and as a result of this, there are many buyers and sellers who face problems in regards to monetary negotiations in a fair and just manner. Most of these negotiations involve the use of lawyers, and can get quite heated when assets of high value are involved.

This is where Lexit comes in. It aims to serve as the world’s first marketplace that can work to increase the “efficiency and liquidity” of the corporate asset market in a streamlined, hassle free manner. To achieve this aim, Lexit will make use of a decentralised currency as well as a user-friendly platform that will allow for liquidation of “patents, trademarks, technologies and even entire companies” so that they can be traded with ease.

More About LEXIT

To start off with, we can see that Lexit comes loaded with the possibility of creating a unique “crypto oriented platform” that will allow for the seamless facilitation of “M&A’s and IP transactions”. The aim of Lexit is to fulfil two primary functions including:

Marketplace:

It will serve as a marketplace wherein users will be able to come and offer their IP’s, company branches and startups for sale. Through the use of an advanced “filter mechanism”. Potential buyers will be able to scan through the available opportunities and then pick the ones that they desire to invest in.

Native Ecosystem:

To help make the entire exchange experience more seamless, the company has developed its own ecosystem to make the marketplace functional and accessible (to all those who wish to make use of it). For starters, Lexit will make use of incentives and bonuses that will be used to encourage participation. In addition to this, the company will also provide ”legal assistance” to its customers for the preparation of ‘M&A and IP transactions’.

Who Can Benefit From Using Lexit?

Sellers:

These are the individuals who own a company, IP, patent, and wish to sell it in a completely decentralised manner. Through the use of the Lexit platform, sellers are able to interact with potential investors, assessors and other individuals so as to not only test the waters, but to also make a tangible sale that can be profitable for both parties.

Buyers:

As the name suggests, these are the users who are looking to purchase IP, digital/physical assets or even companies so as to expand their businesses. Through the Lexit interface, they can request information from sellers and then make an informed choice as to whether they would like to go ahead with the investment or not.

Assessors:

These people are third party intermediaries that can help provide sellers and buyers with specialized expertise in regards to the value of the goods at hand (patents, IP’s, startups etc). In addition to this, they can also help in performing “due diligence” by looking at company books, as well as help with the drafting of

• Purchase agreements
• Legal documents pertaining to specific jurisdictions

How LEXIT Mergers & Acquisitions Blockchain Marketplace Works

• To start off with, the “seller” makes use of the web interface within Lexit to create his/her listing. This is done after a thorough check so as to ensure that the person/ company performing the sale is legitimate.
• After the listing has been made, potential buyers can use the same web platform to search for assets that they would like to purchase.
• In case there are several offers from different buyers, sellers have the option to go through the “transactional history” of each buyer and then choose who he/she would like to do business with.
• At this point, it is also important to mention that the app interface guides “both parties through the necessary steps for closing a deal”. This is usually done via the use of experts that have knowledge in regards to things like due diligence, value estimation etc.
• Finally, once all of the groundwork is completed, Lexit allows for the finalisation of a deal via the creation of ‘data entries’ that record all of the individual aspects involved with each and every transaction.

LEXIT LXT ICO Details

To make all of the transactions seamless within the Lexit ecosystem, the company will make use of a native currency called LXT. The primary reason for launching such a token is to avoid any major value fluctuations in “pricing” that are commonly associated with cryptocurrencies like BTC, ETH.

In terms of the uses of the LXT token, we can see that it will be used for

• Rating buyers, sellers, assessors for the quality of their participation and overall work.
• Executing payments that will be doled out to experts and other participants for their role in helping a deal go through.
• Categorization of “listed items”, so as to prevent issues related to ‘tag vandalism’.
• For paying commission fees to the company as and when a successful deal is completed.

Allocation Of LEXIT Funds

According to the official company whitepaper, the distribution of revenue will be as follows:

• 50% of all raised funds will be used to power the token sale.
• 15% of the money has been set aside for the creation of a “rewards pool”.
• 5% will be reserved for company advisors.
• 10% will be given to company partners and other such individuals who have backed the project since its infancy.
• The remaining 20% will be used by company personnel and project founders.

For any further details regarding Lexit/ LXT, users can get in touch with company representatives via the email address provided on the homepage. Alternatively, they can also connect with company officials via one of their many social media profiles (Twitter, Telegram, Reddit, Facebook and LinkedIn).