Many startups abandon disruptive technology over the course of their development, which leaves many dreams unfulfilled. Ultimately, many startups fail to find exit strategies that reflect their true value and the amount of effort they have exerted in creating their concept, platform, or service.
The blockchain ecosystem is home to tens of thousands of different startups, all of which possess unique and innovative perspectives and ideas. Unfortunately, the startup ecosystem is extremely competitive. More than 90% of startups fail to achieve success, which results in the loss of valuable knowledge and concepts.
A new blockchain based mergers and acquisitions marketplace aims to change this by providing sellers, assessors, and buyers with a comprehensive platform that facilitates the disassembly, reconnection, and reuse of innovative and valuable startup concepts.
In this article, we’ll take a look at the Lexit platform and find out what it plans to achieve. We’ll also look at the upcoming Lexit ICO and find out what it offers to help you determine whether it’s worth participating in.
What is Lexit?
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. 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. 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.
A Boost from the Metaverse
LEXIT’s advisory team contains some heavy hitters. And one of the strongest is Eric Gu, founder of Metaverse.
Just in case you’re unfamiliar with Metaverse, they’re China’s first open-source public blockchain. And, Eric is also one of the original founders of Antshares. You may not know about Antshares but you’ve most likely heard of NEO, one of the strongest blockchain projects to come out of China.
Needless to say, Eric and Metaverse both carry some serious clout among the crypto community.
Now, how does all of this tie into the LXT token, specifically? Let me explain…
Not only is Mr. Gu a LEXIT advisor and financial backer, his Metaverse operation is an official partner. Until Ethereum can scale to sufficient transactional speeds, LEXIT is using Metaverse’s blockchain to conduct their business activities.
Currently, the Metaverse blockchain clocks in at 100–200 TPS. Not exactly breakneck speed, but that figure should be plenty fast enough for LEXIT’s initial operations.
If LEXIT outgrows that pace, that will be a very good problem for them to have. And there are plenty of chains to transition to should the need arise.
The Lexit ICO
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.
The Fun Math
LEXIT’s token sale is currently live. And acquiring tokens earlier in the event will reward you with some bonuses. More on that below.
Base Price: 1 ETH = 1,200 LXT
Trading-wise, we’re in crazy times. BTC keeps playing whack-a-mole and the alts go along for the ride. Will we see BTC hit $5K or $7K in the near future? Care to guess?
Which means I’ll give you an exact price. But as soon as you read that previous sentence (you just did!), the price will be different.
But not to leave you totally dry, I’ll give you this moment’s price so you’ll have a reference point. I didn’t totally cop-out on using a calculator today…
1 ETH = $471
1 LXT = $0.39
Overall Token Supply: 160 Million
Today’s ICO companies seem to view 1B tokens as industry standard. Having a much, much smaller supply bodes well for the long-term value of LXT tokens.
As the platform matures and thousands of users start to hold tokens, limited availability will add upwards price pressure.
Allocation
Only half of the tokens are up for grabs during the current token sale event.
Here’s a handy little guide that’ll tell you what the #LEXITco project has planned for all their tokens:
Bonuses
This is where is gets a little tricky for those waiting for LXT tokens to hit exchanges before scooping some up. Exchange listings can have a profound impact on a token’s volume and short-term price.
I see two things happening when LXT tokens go live. First, some token-holders who got in early, taking advantage of a generous pre-sale bonus (1 ETH = 4,000 LXT) will no doubt be seeking to liquidate.
When bonuses are super-high, it’s common to see a return, get your initial stake back, and still have house tokens to play with. Beware the whales when LXT tokens become active in the market.
And to counter the whales, perhaps to a lesser degree, will be those looking to enter a position from one of the 19 countries LEXIT had to exclude from their token sale.
Either of these forces could cause sudden upward or downward price movement. Trading may be choppy in the beginning.
But if you’re a HODLer, remain calm and HODL on. Short-term waves on a chart are totally irrelevant when you think in years rather than days or hours.
And bonus tokens are the best kind of tokens to HODL since they’re essentially free.
Here’s the bonus schedule for LEXIT’s main token sale:
June 19 — 21 *** 75% *** EXPIRED
June 22 — 28 *** 60% *** EXPIRED
June 29 — July 5 *** 40% *** EXPIRED
July 6 — 12 *** 25% *** EXTENDED UNTIL
July 13 — 25 *** 10%
Limited Supply
Under 1.7M tokens is tiny compared to today’s flood of ICO projects. The law of supply and demand dictates a price increase, so long as LEXIT’s marketing skills help them grab their share of the M&A industry.
HODLing Encouraged
LEXIT didn’t just come along and say, “here’s our token, get out there and use it.” Instead, they first asked themselves how they could provide the most value for token holders.
LXT Token Fundamentals
The #LEXITco project’s native utility token is LXT, built to Ethereum’s ERC20 standard. You’ll be able to to trade LXT tokens, send them to MyEtherWallet, make payments, conduct business and IP transactions, plus unlock features and score rewards.
But, there’s a twist at play here.
Given the immense size of the Mergers & Acquisitions space, there’s no way that the Ethereum network can keep pace. As exciting as the Ethereum project is, and as attractive it is as an ICO launch platform, it simply can’t handle the scale of a $6T+ industry, sharding be damned. For now, anyway.
Since the technology just isn’t there yet, LEXIT had to find another way to accomplish their mission. And they brought the big dogs with them…
The Verdict On Lexit
Lexit is a wholly original solution in the ICO ecosystem, and, on launch, will be the only blockchain based acquisitions platform in existence. If you’re interested in the development of the Lexit platform, it’s definitely worth signing up for updates via the Lexit website.
Visit the https://www.lexit.co/ website to discover more about the #LEXITco project.