Earlier in May, Giuseppe Graziano announced the Early Access version of LXME, the Liquid Domain Market Exchange. Today LXME officially launched and is now live.
LXME is for 3 letter .com domain names only. It is not clear what the selling fee is. The LXME website says: “Fees should not be as high as 15%. LXME only charges a small flat fee.”
If you own a 3L .com domain or you regularly buy and sell 3L domains you can create a free LXME account. Until Tuesday 9/25, for the people who create an account, LXME is going to activate a free premium subscription (valid in 2018), which allows you to create opportunity alerts and get instantly notified when a domain matching your criteria gets listed.
When you create an account LXME will ask you to fill a short questionnaire to make sure you are an active 3L investor. They will review your form before activating your account, to ensure you are a qualified investor.
Here is what Giuseppe Graziano said in an email today:
“We believe premium .com domain names should be considered a legitimate asset class, and the only way of doing that is to create liquidity by connecting buyers and sellers in a seamless, automated, easy-to-use platform. During these months we listened to the feedback from our users to make sure we created a product you would love. We also realized that we can’t be everything for everyone and we focused on what worked best for our customers. Here is what LXME is not:
- It is not a platform to sell any kind of domain. On LXME you can only buy and sell the 17,576 three letter (3L) .com domains.
- It is not a platform to sell domains to end-users. LXME is a platform built specifically for domain investors and with their needs in mind.
- It is not a platform to sell 3Ls at end-user prices. LXME is a platform that allows you to sell as quickly as possible for the highest wholesale price.
Here is instead what LXME is:
- Seamless negotiation platform. Make expiring bids on 3L .com domains – as soon as a deal is reached, escrow.com will automatically start a transaction. We streamlined the negotiation process so you could go from listing a domain to money in the bank as quickly as 72 hours.
- The best way to stay updated on the available 3 letter .com inventory. Create opportunity alerts for your favorite type of 3L (choose between Pinyin, Western and Chinese premium, etc), and get instantly notified when a 3L within your budget is released on the market.
- The fastest way to sell your 3 letter .com domain. No waiting for auction onboarding period, simply create an account, list your domain, set a price and you might be getting bids in minutes! One of our Early Access customers sold his 3L .com within 15 minutes of setting the right price.”