Giuseppe Graziano just announced that his LXME domain name sales platform is out of beta and open to the domain investor “public.” From what I can see in the introduction email Giuseppe sent, LXME is a platform for domain investors to buy and sell three letter .com (LLL.com) domain names at investment pricing rather than end user prices. Giuseppe seems to have made it clear that this is not a marketplace for people to list domain names to sell to end users at end user pricing. It is targeting domain name investors who seek to buy and sell at wholesale pricing.
I was not part of the beta testing and have not signed up for a buyer or seller account, so I am not familiar with the platform. The email I received did not mention anything about listing costs or commission fees, so you will need to reach out directly to Giuseppe to inquire about that and learn about how to use the platform.
Because I don’t know anything about the platform or how it works, I will share the introductory email I received from Giuseppe a few moments ago:
“How have you been? Hope you had a great summer! September is the month of going back to work and, to make your return a little more exciting, we have a surprise for you. Earlier in May, we announced the Early Access version of LXME, the Liquid Domain Market Exchange. 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:
“I sold my three letter .com domain within 15 minutes of setting the right price on LXME. From setting the price to agreeing to Escrow.com terms, transferring the domain and receiving payment, everything went smoothly.”
Without further ado, if you own a 3L .com domain or you regularly buy and sell 3L domains, go ahead and create a free LXME account. Until Tuesday 9/25, for the people who create an account, we are 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.
IMPORTANT: when you create an account we will ask you to fill a short questionnaire to make sure you are an active 3L investor. We will review your form before activating your account, to ensure you are a qualified investor**.”
For someone in the domain name business he sure uses cheap/unmemorable domain names. It would make me as a buyer ask “if you aren’t paying up for a solid domain name then why should I”.
Well said, this is a quick commission grab, there are buyers for 3L.com out there that will pay bottom dollar all day of the week quickly. No need to pay commission.
what are you even talking about? what is wrong with lxme.com?
Very interested in what constitutes a qualified investor? Credit Check, Domain Check?
A great example would be the LLL.com that sold, and for how much. Most of these are in the hands of deep pockets now, with the odd ones still floating around, maybe with the Chip shakeout we could see more come to market, but those ones had premiums paid on them.