LEXIT; REVOLUTIONIZING THE M&A MARKET SYSTEM USING THE BLOCKCHAIN TECHNOLOGY

damselbaby01 (28)in #blockchain • 6 years ago (edited)

INTRODUCTION

Mergers and acquisitions are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities. It could also be refered to as the management, financing, and strategy involved with buying, selling, and combining companies.

In M&A, two companies are involved, the Strong companies which will tend to buy other companies to create a more competitive, cost-efficient company while the other is the target companies which often agrees to be purchased when they know they cannot survive alone.

There are so many benefits in mergers and Acqusition such as;

Obtaining quality staff or additional skills, by merging with other companies, they tend to get additional staffs that are well qualified and will help boost the business.
Accessing funds or valuable assets for new development; Good and quality production facilities are often less expensive to buy than to build.so instead of building new facilities, individuals or investors prefer to buy them because of the cost involved.
Reducing competition; Buying up new quality property, products or services may be cheaper than developing them yourself. The time and cost it takes to develop a new company is excessively much than buying an already built company.

Despite the benefits mergers and Acquisitions are enjoying there are also some challenges associated with it such as;

Fear and communication challenges; Communicating with employees, empowering them and creating a culture for them to thrive are all fundamental parts to integration but when the employees are left in the dark, fear arises which leads to the the reduced engagement level of the employee and at the same time creates distrust in the company.
High cost of transactions, so many expenses are made before a a deal in M&A is finally closed because the time interval it takes before sealing the deal is too much.
Poor governance; Lack of clarity as to who decides what, and no clear issue resolution process.

All these and many more are some challenges M&A faces before closing a deal and when proper care is not taking they could lead to the downfall of the company.

Furthermore, despite the challenging factors in M&A, a team of experts known as LEXIT which has brought out a solution that will help eradicate these problems and bring an ease in the M&A market system by bringing an increased efficiency and liquidity to M&A transactions, all within one secure space in the following ways:

by providing a marketplace that brings buyers and sellers together, giving them global access to assets and opportunity;
Through the addition of assessors and field experts who help appraise assets;
With a secure, digital deal room where transactions are finalized quickly;
With an international network of business partners, to extend reach and promote communication;
By utilizing blockchain technology, for its security and transparency;
And through token economics, to incentivize and drive engagement.

ABOUT LEXIT

LEXIT is an online marketplace that allows entrepreneurs to trade IP, copyrights, code, and even sell entire startups. LEXIT streamlines Mergers & Acquisitions through a blockchain-based tokenization model and the disintermediation of appraisement and matchmaking services.

THE LEXIT PLATFORM TECHNOLOGY STACKS

The LEXIT system will use a webservice that acts as the front end of the platform. This will utilize common technologies like webservers, databases, and web development frameworks. here, buyers will browse the Marketplace and place their bids, and sellers will create listings and manage buy offers. The goal of the platform is not only to ensure information is accessible to and usable for platform users, but also that it is sufficiently secured.

THE LEXIT TOKENS

The team of experts in LEXIT project has produced a utility token that will be used on the LEXIT platform. The LXT token powers the LEXIT platform and its service, The tokens will be used for escrow payments, rapid settlements, and crossjurisdictional transactions between non-acquainted parties and will use smart contract technology to ensure a secure, trustless environment that can support the high transaction volumes anticipated. LEXIT tokens will also help to alleviate the price fluctuations that would occur if other cryptocurrencies were used. LXT could also be used to reward those who provide ratings for LEXIT ecosystem.

TOKEN ALLOCATION

TOKEN SALE DETAILS

ICO starts on Jun 19th

ICO ends on Jul 25th

SOFT CAP IS 10,000 ETH

HARD CAP IS 30,000 ETH

CONTRIBUTION SIZEMIN: 0.01 ETH

Total supply is 160,000,000 LXT

Investor supply is 80,000,000 LXT

CONCLUSION

With LEXIT, there will be a lot of benefits in the M&A market system, there will be an increase in assset liquidity and the efficiency of the market will be improved and many more.

TEAM

This wonderful project is comprised of well educated and qualified group of team that has all it takes to make the project very successful, below are the team members;