The platform at the same time offers startups the ability to create and execute lucrative exit deals. By utilizing blockchain based tokenization models and a broad spectrum distributed network of appraisers, Lexit will offer unparalleled flexibility and ensure that ideas never go to waste. Lexit offers dedicated solution for sellers, appraisers, and buyers. 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. Appraisers are able to use the Lexit platform to assist with the verification and evaluation process, while buyers are able to browse a marketplace of projects, evaluate them, and place offers.
Lexit is a new blockchain based marketplace that is aiming to provide entrepreneurs with the ability to incorporate processes, concepts, ideas, and technology from discontinued projects into new and successful contexts.
All three of these processes will be facilitated by the creation and transmission of a token called the LXT, which guaranteed quality, fairness, and transparency. 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. The Lexit ICO has not yet released a date at which it will occur, but it’s possible to sign up for email updates via the Lexit website. Similarly, there is no white paper available regarding the project available as of yet, but it’s safe to assume one will be released as the ICO date is announced. Lexit is, however, currently open for pre-listing, allowing prospective sellers to list their project anonymously and benefit from high levels of exposure upon the launch of the platform
Features
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’.
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.
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.
http://lexit.io