#LEXITco

LEXIT is the first marketplace for IP and entire companies that allows entrepreneurs to trade, buy and sell technology, and even the entire startups

The LEXIT Platform: Our Marketplace and Deal Room The Marketplace LEXIT is launching the first global M&A marketplace. Our Marketplace will increase accessibility to global M&A opportunities by allowing sellers of any kind to create auction listings for their companies and IP. LEXIT is free to join, but there is a small listing fee for each auction. Then, acquirers of any size can browse these auctions— eliminating the need to scour the globe and exploit personal contacts for promising counterparties. Once sellers post their listings, buyers can either browse through all the sell offers or search for offers with specific attributes, like industry or location. After receiving bids, the seller makes the final decision regarding which bid to accept. Buyers can also communicate with sellers before bidding in order to get more information about the listing. Throughout the Marketplace phase, both buyers and sellers can obtain support from LEXIT platform experts as described in the “Participants” section below. In addition, we will explore ways to incorporate artificial intelligence that evaluates patterns in IP—in order to provide automated information about a listing’s potential value. After the seller accepts a buy offer, the transaction transitions to the Deal Room phase. 

Our virtual Deal Rooms are secured spaces where non-disclosure agreements are signed, terms are negotiated, and transactions are finalized. Since Deal Rooms will hold confidential documents containing trade secrets, robust security frameworks will be used to reduce risk of breach. Access to each Deal Room will be tightly controlled, open only to the relevant buyer, seller, and selected experts. These experts can be invited to Deal Rooms as described in the “Assessors” section below. Traditionally, M&A negotiations have revealed the extent to which a power imbalance exists between sellers and buyers—whoever controls the most resources also controls the deal. In contrast, LEXIT aims to level the playing field by giving all participants the same access and guidance. We will achieve this by maintaining a pool of experts who are on hand to participate in the Deal Room. Instead of gaining advantages simply by being a larger organization, participants will gain advantages by being good actors in the ecosystem. By gathering data on deals that take place on the platform, LEXIT will build track records for each party involved—buyers, sellers, and assessors. While a traditional M&A transaction can take up to two years from start to finish, purchase agreements on LEXIT can be finalized and signed within 12 weeks. Thanks to this increased efficiency, transaction costs can be dramatically reduced. In addition to the reduced costs for transactional expertise, participants will only be charged a service fee to use the LEXIT platform. This service fee is a fraction of the traditional success fees charged by investment banks. As a result of these lower costs, along with our platform’s convenience, the circle of potential M&A participants is widened to include those that were until now excluded from the market due to the high barriers to entry. 

LEXIT brings together complete strangers from around the world to undertake high-value transactions, these transactions must be completed in a way that makes trust irrelevant. It is not reasonable to expect these strangers to trust each other, so the concept of trust must be done away with completely. Blockchain technology makes these kinds of trustless transactions possible.

LEXIT platform, both 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 has also engaged in partnerships with external entities so that we can enhance our platform’s capabilities at a leveraged pace. These partnerships will help develop the LEXIT ecosystem and offer continued support to our users and partners. Our current roster of External Partners is as follows:

SelfKey https://selfkey.org/

Chainium https://chainium.io/

Metaverse https://mvs.org/

Polymath https://polymath.network/

 Veriff https://veriff.me/

 Startup Bootcamp https://www.startupbootcamp.org/

LEXIT is launching a native currency token to be used on the LEXIT platform. Since our ecosystem is heavily dependent on network features such as listings, ratings, and revenue-sharing among participants, the introduction of an internal currency is essential. The LXT token powers the LEXIT platform and its services. Escrow payments, rapid settlements, and crossjurisdictional 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.

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#LEXITco