Full disclosure, this is a sponsored review. To the best of my (and others) abilities this review is as unbiased as possible. However do not take my word for it. Please research the ICO yourself, formulate your own opinion, and be careful when it comes to investing your own money. That said, thanks for stopping by. Hope this is valuable in some way.
Contents
Pros 1
Introduction 1
Problem 1
Solution 2
MVP 2
Team 2
Partnerships 3
Why Blockchain 3
Crowdsale 3
Cons 4
Competitors 4
Team 4
High private sale bonus: 4
Conclusion 4
Pros
Introduction
LEXIT is a distributed Intellectual Property, and Company Mergers & Acquisitions Marketplace.
• It is the first marketplace for intellectual property (IP) and entire companies
• It allows entrepreneurs to trade intellectual property, copyrights and technology from discontinued projects, and even sell whole startups
• Blockchain-based and trustless appraisement and matchmaking services allow LEXIT to make Mergers & Acquisitions as easy as selling a car or real-estate
The goal of the project is to create “A New Frontier for Mergers and acquisitions Transactions” for every small to large investor or entrepreneur in this current market
Problem
Team LEXIT has pointed out some major drawback in the current Mergers and Acquisitions (M&A) field.
Barriers to Accessing the Mergers and Acquisitions (M&A) Market
Archaic systems powered by opaque negotiations, powerful inner circles are the big picture of today’s market. “Big Fish” of the market controls the market trading.Pricing Difficulty
One of the most difficult parts of an M&A negotiation is arriving at an acceptable valuation. Without proper guidance, either customer of an M&A transaction could have ended with unrealistic deal. Sometimes it is the zeitgeist of the moment that can lead to poor valuation decisions.Unavailability of Counterparties and Experts
A lack of connections with the proper/authentic experts or counterparties can put either side of the transaction parties at a disadvantage position by lacking proper knowledge/papers. The right guidance is also expensive.High Transection Cost
Transactional costs represent a significant barrier to M&A participation for small businesses and startups, which are often cash-strapped.Intellectual Property (IP) Challenges
There are also several issues that are specific to IP-related transactions. Because of the intangible and sometimes inscrutable nature of intellectual property, it can be particularly difficult to discover the unused and value IP asset.
Solution
To solve the current Mergers and Acquisitions (M&A) market disadvantages is the key goal of LEXIT Team. The solution comprises of-Open Access Market Place: A marketplace that brings buyers and sellers together, giving them global access to assets and opportunity
Low Processing Time: through a secure, digital deal room where non-disclosure agreements are signed, terms are negotiated, and transactions are finalized
Low Transection Fees by utilizing blockchain technology, which also provides security and transparency
Expert Availability: During both the Marketplace and Deal Room phases, LEXIT buyers and sellers can access specialized experts who provide personal observations—or “views”—on the listings and transactions
An international network of business partners, to extend reach and promote communication. LEXIT has already established a Global Partnership Program (GPP) in order to generate a consistent deal flow on the platform. LEXIT has also engaged in partnerships with external entities so that we can enhance their platform’s capabilities at a leveraged pace
An anti-fraud detection (AFD) team to monitor all activity on the platform and to filter unwanted transactions before they are listed on the platform
MVP
In 2017, Lexit introduced а demo version of its auction platform. At the same time, its create the userbase and listing/subscription sign up platform.
Team
The team currently consists of 14 members and 7 advisors. Their background is from system analytics, project management, sales expertise, and legal expertise with blockchain environment.
Partnerships
LEXIT has also engaged in partnerships with external entities so that we can enhance our platform’s capabilities at a leveraged pace. The current roster of External Partners is as follows:
Why Blockchain
• Because 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. Blockchain will speed up the pre-authorization and enable buyer/seller investment proceeding at lower costs by in providing the P2P transactions offered by blockchain technology. LEXIT’s internal cryptocurrency eliminate third-party processing fees.
• Valuations, bids, and transaction volumes will be immutably recorded on the blockchain via smart contracts. When transactional data is stored on a tamper-proof, immutable shared ledger, platform security and transparency will be increased. Blockchain breaks the monopoly of the M&A transactions.
Crowdsale
Lexit public sate will start from June 19th ,2018 to July 26th,2018.
Total supply of 160 millions LXT tokens where 50% (80 millions) are for the public sale. And the overall hardcap with 30,000 ETH. 44 cents a token, so $35 million market cap.
Base price of LXT token is set for, 1 ETH= 1200 LXT.
There are 5 tiers in the public sale.
No Tier Model Date Bonus
1 Tier-1 Jun 19th-Jun 21st 75%
2 Tier-2 Jun 21st-Jun 28th 60%
3 Tier-3 Jun 28th-Jul 5th 40%
4 Tier-4 Jul 5th-Jul 12th 25%
5 Tier-5 Jul 12th-Jul 26th 10%
There is a list of countries which will not be able to participate in the ico e.g. USA, Republic of China, Singapore, Afghanistan, Central African Republic, Democratic Republic of the Congo, Eritrea, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, North Korea, Somalia, South Sudan, Sudan, Syria, or Yemen.
Cons
Competitors
Currently there are lots of physical companies with UpToDate online service for M&A market. Even some companies provide free legal advice for new buyer/seller. It will be hard to get the local market without huge marketing skill.
Team
Team members are not visibly experienced in technological aspect blockchain space
High private sale bonus:
Private sale token price was 1 ETH = 4000 LXT which is about 230% bonus on the base price.
Conclusion
Presentation: 4/5
- Great website and strong media presence. Detailed whitepaper technology stack.
Project: 3/5
- Trademark. Several clients. Working MVP. Github commit.
- Lot of local competitors.
Team: 3.5/5
- No real blockchain expert in the team.
Rating: 3.5/5