What is Lexit (LEXI) | What is Lexit token | What is LEXI token
In this article, we’ll discuss information about the Lexit project and LEXI token
What is Lexit (LEXI)?
LEXIT is a full service #NFT & DeFi platform that tokenizes, launches and enables trading of intellectual property rights from Arts and Inventions. The platform will allow anyone who owns the copyrights to art, movies, TV Shows, characters, patents and technical inventions or Collectibles to mint and launch NFTs and have these immediately in liquidity on the integrated LEXIT DeFi Pools.
LEXIT brings NFTs to DeFi by offering a decentralized finance platform where users can submit their intellectual property and mint tokenized NFT versions of their artwork, music, etc. These NFTs will then be launched through the LEXIT NFT Launchpad to the general public.
LEXIT DeFi Pools
The LEXIT DeFi Pools are a natural extension of our NFT Launchpad. Instead of using MULTIPLE services & platforms, we thought it would be AWESOME that our users can do EVERYTHING on a single platform. So we did JUST THAT!
Our DeFi Pools can be opened up by any LEXIT user. All you have to do is just stake SOME liquidity yourself. The DeFi Pools will feature FLEXIBLE asset pairs and be open to other projects who are in need of liquidity and want to benefit from the LEXi Coins´ performance.
LEXNET DeFi Protocol
LEXIT is built upon our OWN Protocol, the LEXNET. The LEXNET Blockchain is a highly performant EVM (Ethereum & Forks of it) compatible novel protocol. It features smart contracts and a dynamic validator pooling among other innovative hallmarks. The LEXNET prototype projects a hashrate of 32,000 TPS (transactions per Second) with further scalability at future demand.
Newly minted NFTs will be promoted as an initial NFT offering through LEXIT’s NFT Launchpad. The NFTs will then be available for direct purchase or added by LEXIT pool Managers to various DeFi pools on the platform.
Anyone owning intellectual property rights (IPR) to their artwork, music, film/videos, inventions, etc. may submit a listing for approval on the platform free of charge. If approved, the IPR enters the NFT Launchpad as an NFT client.
The NFT offering will be available on the NFT client’s scheduled launch day to pre-subscribed LEXIT platform users who must perform social media tasks on behalf of the NFT client to increase the popularity of the offering.
The NFT then becomes available for direct purchase on the NFT Launchpad to then be available on the LEXIt DeFi Liquidity Pools, which are curated portfolios of various NFTs available on LEXIT. Pools are managed by pool managers and are open to everyone to join.
LEXIT pools allow users to participate in potential high yield token pools. Anyone can become a pool manager and create a LEXIT DeFi Pool. Pool managers define the total liquidity and choose a variety of NFTs from the LEXIT marketplace. The pool manager must stake 5% of the pool liquidity to add “skin in the game.” Liquidity can be provided with popular tokens such as BTC, ETH, BNB and the LEXi coin among others trading pairs.
LEXIT will also be coming out with its own Protocol, which we are currently far in development with & will call it the LEXNET. The LEXNET is a high performance Blockchain, which is fully compatible with Ethereum and the Binance Smart Chain Protocols. First tests predict a Hash-Rate of at least 32000 TPS and further scalability.
LEXi is the native utility token that is used for:
LEXi is a utility token that is used for participation on LEXIT NFT Launchpad, LEXIT DeFi liquidity pool and in the LEXi Coin Community Staking .
LEXi components include:
- An NFT launchpad allowing users to tokenize and showcase their Intellectual Property as NFTs
- LEXNET - an Ethereum-capable Protocol, with capacity far higher than stock Ethereum blockchain technology
Who Are the Founders of LEXIT?
LEXIT was founded by Amir Kaltak (Founder, CEO), Katia Zaitsev (Co-Founder, CBO) and Frederik Prins (Co-Founder, COO). LEXIT started as a project back in 2016 where Amir was trying to monetize on his IPR from tech he created to fund a new idea. He then immediately realized that there is no such place where he can do that, that was when the idea of LEXIT was born.
He instantly thought - what if it were possible to tokenize IPR and make it widely available via a Blockchain ? The idea grew & evolved into the next logical step - a protocol that had the needed performance and flexibility, our LEXNET is the result. Now all that was great but it would be even better if our user could easily access liquidity and so Ferhat (CTO), Frederik and Katia worked hard to figure out how it could be possible, the LEXIT DeFi Liquidity Pools were born. This is us, an powerful NFT Launchpad with integrated DeFi Liquidity on a novel LEXNET Protocol.
Amir is a serial entrepreneur with 25+ years of experience who began coding at 7 years old. Katia specializes in Business development, Growth in Revenue, Corporate partnerships - with vast experience in growing revenue & developing businesses across various industries. Fredrik is in charge of Operations with vast experience in Banking & executive recruiting. While Ferhat, our CTO is a full-stack crypto Developer who began Bitcoin mining in Europe. One of the first.
How and Where to Buy LEXI token?
LEXI token is now live on the Binance mainnet. The token address for LEXI is 0x41a95f152e50fffd7184d9388956a2d0b8756ba9. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap LEXI token
Contract: 0x41a95f152e50fffd7184d9388956a2d0b8756ba9
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in LEXI token is currently BitMart, PancakeSwap (V2), and Bilaxy
Find more information LEXI
☞ Website ☞ Explorer ☞ Whitepaper ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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