Review of Lexit 03/11/2018

Before I get started, I want to remind everyone that this is not financial advice. I am not a financial advisor. If you take anything that I say to you as truth, you will get #rekt. Do Your Own Research #dyor

What is Lexit? Lexit is a new take on an old concept. Its goal is to allow entrepreneurs to trade intellectual property, copyrights, businesses, and start-ups. As their website states, they plan to make mergers and acquisitions as easy as selling cars or real estate. Their goal is to place service providers and smart contracts between buyers and sellers to streamline the process of buying businesses or intellectual property. One of the cool features of this Tech is that they offer the ability to pre-list intellectual property, technology or an entire company anonymously. Below, is a graphic illustrating how Lexit plans to save people and entities money by listing their businesses and intellectual property for sale:

Fundamental Analysis:

While some of the individuals listed as advisers look impressive, I have never seen their names on other Blockchain projects. I will neither endorse or discredit any of them. After reading the white paper, I was left scratching my head. I am not familiar with mergers and acquisitions but I am familiar with the smart contract technology that they will be used to implement their business plan. I can see how this will disrupt the current mergers and acquisitions service space and the processes that are used to facilitate them. This is truly a niche space and I believe that Lexit will fill the gap nicely.

Technical Analysis:

None available. The ICO has not started yet. There is a minimum of 40 ETH per contributor for the private sale. They do have frequent airdrops.

Assessment:

I do not feel confident endorsing or discrediting this ICO. I do know good ideas when I hear them and this sounds like a good idea. This isn’t a cookie-cutter whitepaper. It looks well thought out, well planned and read more like a business plan. I hope you found this information helpful. Stay tuned for my next article coming soon.

Sources:

Website: https://www.lexit.co/

Whitepaper: https://www.lexit.co/resources/whitepaper