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May 04, 2020

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Liquid Domain Market Platform LMXE Rebrands as LMX.com with New Features Designed to Fast Track Trading

Most of our readers are familiar with the quarterly liquid domain sales reports released by the Lisbon, Portugal based firm LXME that was launched a few years ago by Giuseppe Graziano, the founder of domain brokerage and consulting company GGRG.com. Giuseppe has just dialed things up several notches with LXME, rebranding the service as LMX.com, a now full featured trading platform for liquid domains. 

Graziano defines "liquid domains" as short .com domains comprised of 2-4 letters, 2-5 numbers and a combination of 2-3 characters mixing letters and numbers. He regards them as " liquid" because there are almost always buyers (at least at the wholesale level) for them.

Giuseppe said, "The purpose of LMX is to create a safe environment in which investors are able to trade liquid domains quickly, efficiently and at low fees.  You can now list One Word .com domains if they match certain quality criteria, the most important one being that the domain's Estibot appraised value has to be above $10,000. You can also now list 3-character, 4-letter and 5-number .com domains, as long as they have an appraised value of at least $10,000."

Graziano added, "Platform fees for a transaction are 7.5% (with a $1,000 minimum fee and 

 

Giuseppe Graziano
LMX.com Founder

Escrow.com fees covered by the buyer). However, to incentivize users to list domains, we are offering a reduced 5% fee for each domain listed and activated before the 7th of May 2020." 

The LMX.com platform is invitation-only, however, if you own a domain supported by the platform, you can use the self qualification process to create an account. Users are able to create opportunity alerts, so they can get instantly notified when domains that match their criteria are listed. The platform is meant for investors only, so LMX encourage users not to post domains with end user pricing.

(Posted May 4, 2020)  

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