LEXIT:MARKET PLACE OF BUSINESS FOR THE MASSES!

ebakuglobal (26)in #lexit • 6 years ago (edited)

Hello, my name is E.A Emmanuel, iam exited talking about this project called Lexit. Please, would you like to take the journey with me?

INTRODUCTION
Most of emerging business even companies with enormous of profitability to our to our environment find it very hard to blosom due to the unfavorablenes of the economy. But most of them cannot thrive in this harsh economy which eventually make them to fold up business. What a collosal waste of both time, energy data, and resources. The emergence of
Mergers and Acquisitions (M&A) is as a result of this predicament in other to eradicate this waste.

HOW DOES THIS WORK?
Let us simply say, a Food Industry will decide to have or give birth to a Microbiology lab for testing of the processed foods, which they lack the fund to exexute because the whole process is really capital intensive together with the risk involed. To avoid that, they will inevitably have to sell part of their company to a bigger corporation while the two of them both will now set out to to materialized this vision of birthing Microbiology lab for the progressing of their food related products.

PREDICAMENTS OF THE MERGER AND ACQUISITION MARKET (M&A)

The following itemized predicament are the major threats in this system over the time:

The imoossibility of coming to a compromise on the price deal: In the deal of M&A its very difficult for a buyer and seller to come to a good pricing agreement or compromise reason because of greed and selfishness on the both party. Not just only the pricing issue but the whole process of this price negotion also take so much time.

There is non efficient Methods of locating a Potential Seller or Buyer . Presently, there is a very ineffective method for a common ground where the M&A participants can connect and find each other easily for the deal to be made. Because of this inconvinienves, M&A draw this conclusion to use third parties and professionals to help them handle this assignment. Ofcourse, this also come along with exorbitant expenditure leading to another major waste of time and fund.
Transactions commission is exorbitant- For a M&A transaction to be successful, there is a lot of third parties which include the stream of lawyers, bankers, accountants, advisors and so on.
To address the ongoing problems is why the project called LEXIT emerged.

THE NECESSITY OF LEXIT PLATFORM
The LEXIT Platform is a one that came with the sole aim to address all the challenging issues that is ravaging the M&A transactions, and gives way for numerous business and institutions to attain prifitability. The platform has to do with a Marketplace and a Deal Room which is powered by the blockchain technology.

The Marketplace is an arena created by the LEXIT platform that gives the sellers an opportunity to advertise and auction their companies and IP. For a seller to be able to advertise his or her company, they its expected of them to pay a meager amount of listing fee. After which the buyers can then browse through each of the listing to see which one suits them or by using search parameters that narrow offers with unique properties such location or sector.

The unique thing about this method is the avenue for communication between the seller and the buyer for detail information before the negotiation.
After both the buyer and the seller have a conclusion on the price in the Deal Room which is where the M&A deals are being finalized.
Whatever that transpire between them there will be very private and confidential. The only participants allowed here are the buyer, seller and other invited professionals. Furthermore, With the aid of smart contracts, all transactions within the platform are automated which eradicate fear from all the users and build trust unlike the traditioanal system. and users This indeed is a noble idea.

The decentralized nature of the blockchain makes the storage of users data to be very secure and impervious to external breach especially deals that takes place in the Deal room. Cost will be highly minimized since there is no longer involvement of third parties.
Also, the fastness in transaction will be enhaced.

THE ROADMAP OF LEXIT

TOKEN INFORMATION
The LEXIT Token
As stated, in order to ensure ecosystem alignment, LEXIT is launching a native
currency token to be used on the LEXIT platform. Since our ecosystem is heavily dependent on network features such as listings, ratings, and revenue-sharing among
participants, the introduction of an internal currency is essential.
The LXT token powers the LEXIT platform and its services. Escrow payments, rapid settlements, and cross jurisdictional transactions between non-acquainted parties use smart contract technology to ensure a secure, trustless environment that can support the high transaction volumes anticipated. By providing LEXIT participants with a native token, we help to mitigate the price fluctuations that would occur if other cryptocurrencies were used. Buyers, sellers, and assessors will be charged or compensated in LXT for their respective actions on the platform.