February 16, 2018
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***This is a Sponsored Video***
Thinking Crypto was paid by Lexit to conduct this review.
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Learn more about Lexit
What is Lexit?
Lexit is the first marketplace where entire companies, specialized departments and their intellectual property can be bought, sold, and licensed. It allows entrepreneurs to trade intellectual property, copyrights and technology from discontinued projects, and even sell whole startups.
It’s the first platform of its kind! Allowing participants to trade IP assets “as conveniently as one would buy, sell or rent a car or real estate”
What problem does it solve?
Commenting on the release, LEXIT CEO Amir Kaltak, stated:
“Utilizing a platform approach, blockchain technologies, and an international network of business partners, LEXIT aims to increase the efficiency and liquidity of the corporate asset market in the same way eBay did for peer-to-peer commerce and Airbnb did for short-term renting.”
Mergers and Acquisitions (M&A) is considered to be a highly complicated field. Involving a lot of corporate lawyers, investment bankers, financial advisors, and appraisers, selling a company or assets thereof entails very high costs, even before the first potential buyer is contacted. The Platform approach, detailed in LEXIT’s Whitepaper, seeks to simplify this process, rendering the M&A market more accessible to small and medium-sized players.
Kaltak continued: “The LEXIT Solution allows for M&A processes to be concluded faster, at about a quarter of the traditional costs; entrepreneurs are empowered to discover the true value of their assets on a vibrant and highly liquid marketplace, without having to bear excessive fees. This will allow many new players to enter the field, like small startups wishing to capitalize on assets they own but don’t plan to use - such as projects they pivoted on”
They are currently taking pre-submissions for projects, tech, or entire startups. All listings are kept private.
What is the LXT Token?
According to LEXIT, the described increase in efficiency and lower costs are made possible by combining blockchain-based token economics and best practices developed by the platform-marketplace industry.
The LXT token will power the marketplace. Airdrop starts in 12 days!
Team
Solid team which includes an identifiable CEO, Amir Kaltak.
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