Merger and acquisition simply refers to the consolidation of two existing entities to form another entity. This activity usually results in a stronger organization with the better capacity to emerge in the highly competitive market. This is because the integration of two distinct companies opens a door for a firm to have access to critical research and a market study carried out by the previous board. However, the current merger and acquisition system inexpensive, inefficient and wasteful. There is usually no exchange of information between the seller and the acquirer, hence leaving the acquiring company to wonder in the wild till it finds its foot. More so, the structure of handing-over is complex and entangled with much bureaucracy hence making the handing-over process costly and difficult.
LEXIT
Lexit is a platform designed to address the problem faced by businesses in the acquisition and merging of companies. Membership of the lexit platform is free and all members of its ecosystem are not restricted to a geographical area rather, they have access to global assets irrespective of its location in the world provided they the buyers find it worth purchasing. Apart from the seamless t8jransitions on asset –a firm or an intellect property. It also offers members of its ecosystem professional services such as access to professional evaluators of properties. This opens a door for greater achievement. More so, the adoption of blockchain technology addresses the issue of trust and transparency
LEXIT ECOSYSTEM
The lexit ecosystem consists majorly of buyers, sellers, assessors, external service providers and the AFD (Anti-Fraud Detection team). Buyers and sellers are offered the opportunity to interact directly without the need of lawyers, investment banker, and the likes. Before purchasing an asset, a buyer may seek the opinions of an assessor- individual professionals and Advisory firms on a desired asset. The assessors are paid tokens for services rendered and are also rated by buyers and seller who have had firsthand experience of their services. More so, buyers and sellers are rewarded for their reviews of the assessor’s activities. However, the percentage rate for all transactions on the lexit platform is slated at 4%(fixed). Furthermore, to curb the risk of fraud, the AFD (Anti-fraud detection) are responsible for fishing out and deleting fraudulent listings. They are more or less like a guardian of the online community
PARTNERS
To provide the best of service to all members of its ecosystem. Lexit is working in collaboration with SelfKey, Chainium, MetaVerse, Polymath and Startup Bootcamp.
TOKEN AND TOKENSALE DETAILS
The accepted means of payment in the lexit ecosystem is the lexit token LXT. Buyers and sellers can access all needed services on the lexit platform. Charges are levied in this value for a listing of assets, for increased access to global buyers and other distinguished features. Furthermore, buyers and sellers are rewarded with the lexit token. Out of the total number of LXT token created, it plans to allocate 50% to the market while the remaining percentage will be allocated to the Lexit team, advisors, for bounties, company reserve, and partners
Relevant Links
Website: https://www.lexit.co/
Whitepaper: https://www.lexit.co/resources/whitepaper
ANN Thread: https://bitcointalk.org/index.php?topic=2494585.60
Twitter: https://twitter.com/LEXITco
Facebook: https://www.facebook.com/LEXITco/
Telegram: https://t.me/LEXITco/
LinkedIn: https://www.linkedin.com/company/lexit-inc./