LEXIT a decentralized finance platform (DeFi) for tokenizing intellectual property into Non-Fungible Tokens (NFTs) announced the launch of its first initial DEX offering (IDO) hosted on BSCPad, the first decentralized IDO platform for the Binance Smart Chain network. LEXIT’s IDO is set to go live on May 19th and will introduce the LEXi Coin, the central enabler on the LEXIT platform.
LEXIT’s IDO allocation round will officially open at 08:00 AM UTC with a public sale to follow at 1:00 PM UTC. $LEXi price will be set at USDT $1.00 and will launch with an initial market capitalization of 16,000,000 $LEXi with a limited allocation of 650,000 USD to BDCPad. Following LEXIT’s token release, $LEXi will be available on Pancakeswap, Bitmart and other major exchanges. Public sale (IDO) buyers are given 100% of their purchased tokens up front. Users will be able to stake their LEXi coins in various staking ‘slots’ that will be made available as the ecosystem grows.
“This IDO is a milestone moment in our effort to revolutionize the intellectual property rights landscape,” said Amir Kaltak, Founder & CEO of LEXIT. Working alongside our innovative partners and the creator community, we look forward to the growth of the LEXi Coin ecosystem.”
LEXIT is the first NFT launchpad with integrated DeFi liquidity pools that will empower every artist and inventor to issue their NFT’s and make them immediately tradable. Through LEXIT’s platform, anyone owning intellectual property rights (IPR) such as art, music, film/videos, patents or technical inventions, can create and submit a listing through the platform allowing them to fully tokenize their arts and inventions.
“At LEXIT, we are committed to helping artists and inventors open up an entirely new revenue stream and give the general public the opportunity to participate in their important work,” said Katia Zaitsev, CO- Founder and CBO of LEXIT. Our platform was built with the infrastructure to provide vendors and artists the ability to tokenize their intellectual properties with NFT’s in a safe and easy way.”
LEXIT’s NFT Launchpad is intended to launch over the next few months, and the LEXNET protocol is predicted to be fully operational by the end of 2021/beginning of 2022. The LEXNET protocol will launch as a high performance open protocol that is fully compatible with the Ethereum and all other EVM aligned protocols such as the Binance Smart Chain and will elevate LEXIT’s performance and reliability.