New 5% Fee and inventory expansion to .net domains.
We are making some changes to LMX to simplify our fee structure and expanding supported inventory. As a result, we are updating our Terms of Service to reflect these changes.
Specifically, the standard LMX platform transaction fee will change from 7.5% no cap with a $1,000 minimum fee, to 5%, with $500 minimum fee (no cap). We are also expanding our supported inventory to 2L, 3L, 2N, 3N, 4N, 2C .net domains.
These revisions will go into effect on October 15th, 2020, and your continued use of LMX will confirm your agreement to these terms.
As a result, your platform fees in case of a transaction will be reduced, making convenient for you to list inventory priced in the low 4 digits, now expanded also to your liquid .net domains.
For more details, you can read the updated Terms of Service and contact us if you have any questions!