Today we present to you a new platform called Lexit. The project team says they have created a new way of selling, buying and licensing intellectual property, based on blockchain.
Now the process of mergers or acquisitions between large and small companies isn’t a rare phenomenon. According to statistics, about half of all companies in the US fall apart during the first five years of work, while they lose not only money, but all research, business contracts, etc. and they also deprive employees of work. In this situation,with a successful scenario, the company can find a buyer who can use the available assets. But even if this happens, then a long period of legal mess and all the attendant inconveniences follow.

Advantages of the Lexit project

So the creators of the Lexit project had the idea of combining companies that failed and possible buyers within the same platform to modernize the merger process, making it more convenient, quick and profitable.
The platform will have the following advantages:

• The place of purchase and sale, which includes the asset base
• Experts working on asset valuation
• Computerized and safe conduct of the transaction
• Introduction of the international market with the involvement of their investors
• Use of blockchain technology for reliability and transparency of transactions
• Introduction of platform token to stimulate participation in the platform
  In addition, the platform creators have calculated that with the help of their innovation it will be possible to save not only time, but also about 25% of the cost of conducting transactions of this kind. With the help of Lexit, the owners of the companies will be able to learn the real value of their assets without overpaying for it. Assets in this case are also understood as patents and intellectual property.
  Thus, the Lexit platform can make the process of mergers and acquisitions of companies convenient, fast and profitable, getting rid of intermediaries and bringing together all stakeholders in one place.

What is the essence of today's problem?

Often it is easier for companies to buy another company together with its assets and groundworks than to develop their own. It's simpler and faster. However, interested parties can’t find each other, since there is no common base containing information of this kind. More precisely, it didn’t exist before, because someone realized the problem and proceeded to solve it. By someone, we mean the Lexit project team.
In addition to directly buying, you can also talk about a merger, when large companies need any supporting industry, but don’t want to waste time and resources on its development. In this case, they can find a ready-made firm that is engaged in what they need and add it to theirs - everything is simple.
Such deals can be beneficial for absorbed firms, but they must understand the value of assets that they own and not sell for a pittance. In addition, as part of a larger corporation, they may receive any privileges, such as improving working conditions or more qualified legal support.
However, on the way to mergers, companies often face the following challenges: Pricing
Often, transactions don’t reach the final stage due to differences in value: buyers want to pay less, and sellers often don’t know the real value of their assets and can overstate it. An example is the story of Google, when initially Yahoo didn’t want to buy it for a million dollars, now market capitalization of Google is estimated at more than 700 billion dollars. This example shows that the old ways of doing business no longer work, especially when it comes to innovation.

• Evaluation experts
  It’s not so easy to find a qualified expert who could appreciate your company. Even if companies have such personnel, they will still need an intermediary to bring the transaction amount to a common denominator. In addition, the services are quite expensive, and it increases the cost of the transaction, and no one wants to pay for such costs.
  Thus, it turns out that small firms often don’t pull the costs that accompany transactions and these firms lose the chance to continue their activities.
• Amount of costs
  The amount of costs for conducting merger transactions over the last year is more than 10 billion dollars. However, this amount still doesn’t take into account the payment of the services of all necessary specialists. In addition, the transaction takes an average of about a year, or even two, and it is also a limiting factor.
• Problems with intellectual property
  First of all, it’s necessary to realize that intellectual property is something that is often not contouble. It can also be said that a huge amount of intellectual property remains untapped. Small firms or individual inventors often go undetected and can’t enter the market due to insufficient resources.

Token of the Lexit platform

To help create the project ecosystem, the team created an internal token, LXT. The security of circulation of funds within the framework of the platform will be supported through smart contracts. With the help of LXT it will be possible to pay registration fee for the platform and paid services, for example, increasing your company in the rating, what will increase its visibility. At the same time, the coins contributed to the account of the platform will go not to the pocket of its creators, but to payment for the services of attracted expert appraisers. According to the project developers, companies can spend about 4% of the transaction value on the platform services, and this amount will be paid only after its successful completion.
The platform token will be distributed as follows:
50%- for sale
29.5% - in the reserve of the company
10%- to the team
4.5%- to advisers
4% -partners
And 2% for the Bounty campaign
The project Soft cap has already been reached
The Hard cap is 30.000 ETH
You can buy LXT tokens on the official website of the project.
It’s noteworthy that until the end of August 2018, you can buy tokens with a 25% discount.

Further development and prospects of the Lexit platform

In conclusion, we would like to note that the mergers and acquisitions between small firms and large corporations occur every day. As we found out above, the process of carrying out such transactions is still working according to the scheme created more than a hundred years ago. But technologies are developing and everything is moving forward, so now this area needs innovations that the Lexit platform can provide us. We believe that this project can actually simplify and accelerate such a laborious process. In addition, it will help to save a tidy sum on the accompanying costs and eliminate the search for an intermediary by providing a team of professional asset assessors within the platform.
Right now you can participate in the Lexit ICO and get platform tokens with a 25% discount until the end of August 2018.What to do with them further-it’s up to you. Sell your business, buy smaller companies or just wait for the rise in price of tokens, and then sell them on the exchange.