LEXIT - The Business Marketplace For Everyone Powered By Blockchain Technology
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Lexit, a blockchain based marketplace which allows entrepreneurs to trade intellectual property, technology and copyrights from discontinued projects and even sell entire startups that allow individuals and companies to expand it to its best potential has arrived.
Before I take you on this voyage, please check out this video presentation
Now that I have your attention, let’s get right to it.
What exactly is LEXIT?
Lexit is a blockchain based marketplace which allows entrepreneurs to trade intellectual property, technology and copyrights from discontinued projects and even sell entire startups that allow individuals and companies to expand it to its best potential. At the same time the platform allows startup to get profitable deals. Using the solution provided by Lexit through a blockchain-based tokenization, Mergers & Acquisitions process four times faster rather than the usual process and of course also reduce operational costs.
By using the platform provided by Lexitco, Entrepreneurs enable to get the equivalent value of their assets on a dynamic and highly liquid market without need to use expensive and inefficient mediators replaced by distributed network of independent assessors and matchmakers.
Some startup company has issues of meeting up with the goals and intended to merge or sell off the company but they have no ideal or access to Mergers and Acquisitions (M&A). This makes the company fold up.
The high cost of Mergers and Acquisitions (M&A), Traditional (M&A) processing fees and are too high due to the middleman.
Low processing time and documentation. Traditional Mergers and Acquisitions (M&A) spend much time in documentation because of no blockchain smart contract.
Region and Mode of payment restriction: most startup companies need collaboration with other regional companies but due to no access to get in touch with another region this limit their company to only their location. Payment system also affects the traditional system because the mode of payment is stressful and takes time to be validated.
Marketplace: Lexit platform gives access to traders (sellers and buyers) opportunities to showcase their products and interest. This enables traders to access each other profile and see the available products.
Secure, Digital Deal Room: this where both sellers and buyers finalize their agreements, signed the terms and conditions before proceeding to payment. This is not only done with the buyer and seller it involved experts. The room is highly secured and restricted to on serious traders. LEXIT will also employ an anti-fraud detection (AFD) team to monitor all activity on the platform.
Blockchain Technology this makes it a decentralized system that shows transparency from the platform.
LEXIT uses an international network which helps in connecting users from a different region.
LEXIT Token is used to carry out transactions on the platform, its fast, secure and low transaction fees
Mergers and accusation (M&A) are considered to be a highly complicated filed but with LEXIT platform its made easier for everyone to trade intellectual property. The long procedures of paper documentation and other paper procedures are been reduced and with LEXIT you can trade Intellectual property (IP) from any region without government restrictions all you need is to do your KYC and AML verification from LEXIT platform.
The Ecosystem - Participants
Sellers are able to use the Lexit platform to list their projects, verify them, and collect offers, which then can be used to finalize lucrative exit deals. Examples of sellers include a company with a patent portfolio or a professor who manages the IP of his or her research institution.
Buyers are companies or investors that intend to purchase IP, assets, or entire companies for growth or investment purposes.
Assessors Lexit buyers and sellers can access specialized experts who provide personal observations — or “views” — on the listings and transactions. In the Lexit ecosystem, these experts are called “assessors.” Assessors working with the Lexit platform are screened and verified independent contractors that are rated with a reputation system that is generated through buyer input, ensuring highly accurate assessments every time.
Anti-Fraud Detection Team will filter unwanted transactions before they are listed on the platform. Lexit is also developing a network of outside service providers to assist buyers and sellers with professional valuation, and advisory, legal, and accounting services.
LEXIT has also engaged in partnerships with external entities to enhance platform’s capabilities.
MERITS OF LEXIT TOTAL ADOPTION
The platform gives access to traders (sellers and buyers) opportunities to showcase their products and interest. This enables traders to access each other profile and see the available products ,know what a trader posses it's ability, skills and experience.
Secured, Digital Deal Room
This is the point where both sellers and buyers finalize their agreements, signed the terms and conditions before proceeding to payment. This is not only done with the buyer and seller it involved experts. The room is highly secured and restricted to only serious traders. LEXIT will also employ an anti-fraud detection (AFD) team to monitor all activity on the platform and ensure maximum security for those that utilizes the enormos advantages of the project.
This finally makes it a decentralized system that shows transparency from the platform with high level of security, equipped protocol, due process and will help prevent fraudulent trades.
LEXIT uses an international network which assist in connecting users from a different region ,broadening the scope of the platform, increasing it's community and enlarging the coast and bringing better opportunity to the platform.
Both of LEXIT platform has proven and pioneering systems will coexist. We incorporate established technologies (databases, web development frameworks, and smart phone apps) with innovative technologies (blockchain with smart contracting capabilities) aimed at a common goal: to help establish trust among interacting parties throughout all layers of the platform.
LEXIT system will use a webservice that acts as the front end of the platform. This will utilize common technologies like webservers, databases, and web development frameworks. Here is where players will interact: buyers will browse the Marketplace and place their bids, and sellers will create listings and manage buy offers. These capabilities require a repository of currently active listings, a sophisticated search engine, and comprehensive databases that can handle complex queries. As stated, the goal is not only to ensure information is accessible to and usable for platform users, but also that it is sufficiently secured. Since the Deal Room will hold confidential documents, robust and stable information security frameworks will be used to mitigate any risks.
The Lexit (LXT) Token
LXT Token is a utility token which will be used on the platform. Lexit tokens will be used for services payment on the platform such as paying the fee for listing, Hire expert service. This is one of the key elements that liven up the platform, by using blockchain makes it more efficient and transparent.
Token Name: LXT
Token Price: 1 LXT = 0.00083 ETH
Soft Cap: 2,000 ETH
Hard cap: 30,000 ETH
Minimum Investment: 0.01 ETH
The LXT token powers the LEXIT platform and its services. Escrow payments, rapid settlements, and cross-jurisdictional transactions between non-acquainted parties use smart contract technology to ensure a secure, trustless environment that can support the high transaction volumes anticipated. By providing LEXIT participants with a native token, we help to mitigate the price fluctuations that would occur if other cryptocurrencies were used. Buyers, sellers, and assessors will be charged or compensated in LXT for their respective actions on the platform.
Collecting Listings / Subscriptions
User base Growth / Submissions
General Partners Sign Ups
Feature Set Implementation
Marketing and PR
High Security KYC ID Verification
MPAi Development (Market Predictive Ai)
3rd Party Audit Services & Legal Services
Customer Support and Marketing
Crypto Payments Implementation
Legal Services via Blockchain.
LEXITs Crypto Escrow Service
LEXITs Premium Model
Building Assessor Network
Fraud Protection Department
Development of Strong R&D Structure
Initial Coin Offering
Partner Program Expansion: Europe, Russia, USA
MPAi Development for LEXIT Users
Third Party API Development
Integration Of SAAS Feature
Integration of Licensing Feature
Expanding Assessor Network
Expanding Fraud Protection Department
Establishing Strong R&D Department
Partner Program Expansion: Asia, Australia, South America
Partner Program Expansion: Africa
MPAi Development for 3rd Party
LEXITs Blockchain Development
LEXIT Crypto Equity Exchange
Development of R&D Projects
Crypto Equity Exchange.
MEET THE AMAZING TEAM
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Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.