BitMart Exchange, a premier global digital asset trading platform, recently announced the debut listing of LEXIT (LXT) on their trading platform. LXT/ETH and LXT/BTC trading pairs will be available starting at 6:00 PM EDT on November 1st and deposits will be available October 31st.
LEXIT, the world’s first online mergers and acquisitions marketplace to allow businesses and individuals to trade assets, intellectual property and whole or parts of companies. A decentralized registry of company, asset, and I.P. rights ownership through the blockchain ecosystem carries some serious advantages. Automatic and immutable smart contracts serve the essential function of making sure that all parties keep to their end of the deal, whilst the transfer of rights can be transparently and publicly recorded.
“We’re always moving forward, working hard to form partnerships and make LEXIT the best platform that it can be. Putting the LXT token on an exchange is a natural progression to this and is central to our global vision, so I’m excited for what the future holds,” said LEXIT CEO, Amir Kaltak.
The LXT token represents the value of currency on LEXIT and means that all platform functions can be completely standardized. Features such as listing fees, anti-spam payments, and monetarily backed ratings mean that a crypto token is vital in helping to facilitate seamless and rapid transactions throughout the entire platform.
This means that businesses can transact assets and I.P. on a global scale in next to no time at all. The token can be exchanged thereafter for another type of currency, or even reinvested into other assets or technology listed on the marketplace.
LXT can also be used for LexICO, a crowdsale solution for startups looking to launch their own cryptocurrency without the high costs of developing their own sales platform. Users are offered a substantial discount on LexICO services if they choose to pay using the native LXT token.
“We’re delighted to list LEXIT on our exchange.” said Sheldon Xia, Founder & CEO of BitMart. “Conducting mergers and acquisitions or transferring I.P. these days is still largely reliant on paperwork and manual administration and is yet still vulnerable to fraud and abuse. However, using LXT tokens to trade on a blockchain-based marketplace confers the advantage of immutable evidence of ownership, and smart contracts that finalize automatically upon certain conditions being met.”
LXT Trading Competition
To celebrate the listing of LEXIT, BitMart Exchange is holding an LXT Trading Competition worth 340,000 LXT in prizes.
Users will be ranked in terms of the total LXT volume traded on their BitMart account (including both buy and sell orders) across all LXT trading pairs during the competition period.
- 1st: 100,000 LXT
- 2nd: 50,000 LXT
- 3rd: 50,000 LXT
- 4th-10th: 20,000 LXT each
By trading LXT, users are automatically enrolled in the trading competition. Rewards will be sent within a 2-week period following this competition.
LEXIT is the first marketplace for IP and entire companies. It allows entrepreneurs to trade intellectual property, copyrights, and technology from discontinued projects, and even sell whole startups. On LEXIT's easy-to-use marketplace, buyers and sellers meet directly, en masse, allowing market forces and network dynamics to bring M&A to unparalleled speeds.
BitMart Exchange is a premier global digital asset trading platform in the cryptocurrency market with over 520,000 users worldwide and a top 20 ranking on CoinMarketCap. BitMart currently offers 123 trading pairs with one of the lowest trading fees on the market. BitMart’s daily trading volume ranges from $70,000,000 to $120,000,000 USD and total trading volume has reached over $ 2,700,000,000 USD since launching in March.