Topic: [ANN][ICO]Ziggurat 🔥 Ecex Exchange 🔥 Assignments Trading Platform - page 63. (Read 39953 times)

Hello Bounty Manager,

I will participate in your translation campaign for ANN Thread:

BTT Username: pocketfullofpoke
ETH Address: 0x8b36e1Ca7D76844736743A4b69a8Cc7AB1b11d5A
Language: FILIPINO

Portfolio:

[MONARTIS]
   ► ANN Thread
   ► White Paper

Thanks, we will be visiting your website soon.

indonesian translator reserved

Good project! We invite you to our ICO list, it helps you with funding. Good luck, guys

I would also like to add some thoughts.
The primary goal of Ecex Exchange is to make global and universal exchange of  any kind dept related instruments (claims, assignments, cessio - there are many names and it depends on country ). It is missing at the moment and we see it from personal experience that demand for this type of service exists.

BUT as a "side product" we will build Depository and Trading system what is capable of handling any kind of security instruments.
Is it also capable of trading any cryptocurrency - no doubt if it will be set up so.
Is it capable of providing private ledger for some special kind of cryptocurrencty / token holders - no problem.
Is it capable of providing ICO services - no problem, IPO is supported out of the box and ICO is just a special flavor of it.
etc. etc.

Our own token Ziggurat - is it crucial mandatory part of the system? Most likely not, we will use it in some areas, but in parallel other payment options and cryptos will be valid.
And it is also the beauty of the system symbiosis of "old" and "new" economy.
ZIG token will give all ICO participants possibility to profit from Ecex Exchange project and this there are no huge minimum limits like in case of classical finance scheme.
As many of the building blocks are from "old world" the risks are significantly lower than building 100% new product from zero.

Ecex.Exchange Trading Platform (EETP) clients vision

EETP users will be very different economic agents who willing to perform the very different set of agreements. EETP blueprints show us, trading systems are meant for various universal agreements
based on assignments from antic cession agreement logic and that there are possibilities to use EETP that all future exploitation is impossible to present.
Here is little overview and examples what private person and companies can do with EETP.

1.Private person

The simplest problem for the private person is personal loans and loan agreement.  Assume that Private Person wants to take a loan 5000 euros. The easiest use is to sell loan agreement against her/himself on EETP. It means loan buyer is lender and lender can bee assignor and sell loan forward trough stocklike bid/ask system. Byer is assignee and Private person loan is on a free market. Everybody can buy it through EETP.

A private person can, of course, be assignor and sell all her/his assignments on EETP. The process is very simple.Private person log to EETP, there will be Jumio like identification, after that  she/he downloading all assignment related documents to digital container, read NDA and assignment agreement, put the price to assignment and after the submitting data the assignment is on EETP and  Private person role is assignor and her/his assignment is on market.  

A private person can as assignee to find the financier for temporary bills or other loan agreements that she/he have to pay. Adding documents to assignment digital container and put the price Privat person can sell all different obligations her/herself.


2. Company

Mostly same thing as the private person: Thin about possibilities, then the company can sell loans and banks and credit companies have to buy them through simple assignment agreements. Keep in mind that loan agreements and other related documents are in the digital container and belong to assignment agreement. Assignee determine the provisions and assignor have to agree if assignor want to buy  and all this takes place in the marketplace, there mostly the same picture as stack market only instruments are assignments.

3. Financial institutions

Let say that Italia gets busted. There are a hundred banks, wanting to sell the loan agreements and the only way is by phone to find the old classmate in China and try to pitch the quality of distress loan portfolio.
EETP have the solution. Italian bank can but as assignor all loans to one digital container and spread the selling information through EETP to possible buyers and even give in ask side indicative offer. And maybe there will be in ten minutes the deal and the unknown for Italian bank manager Soul credit company bought all loans.

SALE CONTRACT INFO  https://ico.ecex.exchange/ico-details/

Technical Solution, Software, and Hardware

1. For Securities Registry and Depository functions, we plan to use Depend, developed by Percival Software Ltd. http://www.percival.co.uk/. This company has been in the Depository and Exchange business since 1986. They have many international clients from Royal Bank of Canada (RBC Trust (Trinidad & Tobago) to Nasdaq-OMX. They have integration with several systems like T2S, Swift, Crest etc.
2. The Trading platform is planned to be developed. Percival is the primary choice. It will also guarantee maximal compatibility with the Depository.
3. Additional development is planned to integrate the Trading Platform and the Depository with external signing authority like blockchain.
4. Depending on further developments, there will be the need for some or all:
- Integration with external payment systems
- Integration with external systems to exchange info, e.g. brokerages
- Web-interface to online trading
- Mobile applications


 SALE CONTRACT INFO  https://ico.ecex.exchange/ico-details/

The project is already ongoing and is not directly dependent on ICO and Ziggurat Token.
But we see ICO as opportunity
1) To involve much more people in project
2) Boost significantly the project timescale
3) Introduce token ecosystem in our service
4) Promotion and introduction Ecex Exchange ideas
And, of course, to offer our customers better and more favorable products and services.

Our customers mainly settle for conventional money.
We added after ICO ideas possibility to pay for Ecex.Exchange services with Ziggurats.
Ziggurat Tokens are compatible with our trading system.
Ziggurat Tokens circulating altcoin exchanges and our trading platform, and keep our service priced competitive.

Our system allows the assignor and assignee to enter into contracts in a currency that suits them.

Is it another exchange that using only one cryptocurrency as medium of payment? Another version of etherdelta but not on ethereum but on ZIG currency.
Kindly tell us how you can manage to remain on track since you are using an unknown currency.

ZIGallo specialhyis

Our Black Friday bonuses will end on a Sunday night.

SALE CONTRACT INFO  https://ico.ecex.exchange/ico-details/

A summary:   Ziggurat token, Ecex.Exchange Trading Platform  and PlanetZiggurat       https://ico.ecex.exchange/

PlanetZiggurat goal is to bring assignments on Ecex.Exchange trading platform. We will fill the gap by creating a market environment, the system for an active trading platform of assignment agreements. This means changing of owners of a multitude of agreements and documents, such as claims, invoices and factoring agreements all together assignments.
The regular thing what everybody trading is buy-sell agreement. It is very easy to understand, every investor can buy stock and he assumed that is happening behind the electronic market system, how the trade matching takes place and what is the consequences in account then the deals are finally ended.
But in the ecosystem which is mostly same as the stock market and built only for claims, rights, and receivables, operates on basis assignment agreement, there are great possibilities spread around the world and win the customers everywhere.
PlanetZiggurat is aiming for 1 million trades per day by the end of the third year. Our revenue will come from services including: trading fees, issuer background check systems, digital signing, exchange member fees etc. The cash flow will be similar to stock exchange business. The only difference will be instruments and a set of agreements.


Ziggurat Tokens
The PlanetZiggurat shall grant to the User an opportunity to use the Ziggurat digital tokens to:
(i)opportunities to pay partly for service to sell and buy  claims, receivables, and mediate insurance contracts,
(ii) to pay partly various support services related to the selling and buying through the exchange, and give users exercise right to realize their own requirements regarding claims,
(iii) Ziggurat cryptocurrency grants the right to profit from up to 20% of Ecex.Exchange Trading Platform outcome, (distribution will be in cryptocurrency, in ethereum until otherwise decided),
(iv) using Ziggurat cryptocurrency for internal payments through the Ecex.Exchange Platform.
The smart-contract of the Ecex.Exchange Platform requires the Ziggurat digital tokens for its work. Only the owner of the Ziggurat digital tokens may purchase with discounts the services of the Ecex.Exchange Platform.






For learning and understanding.

1. HISTORICAL BACKGROUND OF ASSIGNMENT

1.1.Roman Law

The Roman law provides an invaluable introduction to the understanding of legal concepts and a passport to the appreciation of Continental legal systems. Roman law is the product of the genius of good order and organized common sense of a remarkable ancient civilization, and it constitutes a legacy that has had a profound influence in subsequent ages.


1.2. Cessio
 
There are  two main institutes related to cessio: 
- cessio bonorum: where a debtor had become insolvent owing to unforeseen circumstances, he could, under the formulary procedure, avoid the infamy attached to execution by petitioning a magistrate to allow him to make a voluntary cession of his property (cessio bonorum) to his creditors;

- cessio in iure: Litt. cession before a court. It was a ritual procedure (imitating the procedure of the legis actio sacramento in rem) already known by the time of the Twelve Tables that was used to create, transfer or extinguish certain rights (specifically the so-called ?Quiritary rights?). It partly fell into disuse in classical Roman law.1.

Cessio bonorum, (Latin: ?a cession of goods?), a voluntary surrender of goods by a debtor to his creditors. It did not amount to a discharge of the debt unless the property ceded was sufficient for the purpose, but it secured the debtor from personal arrest. The creditors sold the goods, applying the proceeds to their claims. Although property that the debtor might acquire later could be claimed by the creditors, he could not be deprived of the bare necessities. The main features of cessio bonorum were adopted into the French and other legal systems. In England it survives in the internal regulations of certain commercial bodies, such as stock exchanges.
Cessio bonorum ,was a procedure introduced by Augustus reign (Republic) , whereby a judgement debtor voluntarily surrendered his property to the creditors. The property was sold off, but the debtor would not be subjected to legal disgrace or to the possible imprisonment by the creditors. Surrender was not available as of the right: it applied only there the preator was satisfied that the debtor had genuine assets and that the bankruptcy was the result of misfortune.

In jure cessio was a conveyance in the form of a lawsuit. The transferee claimed before the magistrate that the thing was his, and the transferor, who was the defendant, admitted the claim. The magistrate then adjudged the thing to the transferee. (The sham-lawsuit theory, however, is not acceptable to all modern scholars, principally because the judgment of ownership was valid against any possible private claimant, not merely against the defendant, as in a true lawsuit.) 2
Cessio had some similarities to mancipatio. It was a highly formal and cumbersome conveyance, originating before the Twelve Tables and fading in importance long before Justinian. Our knowledge of cessio is derived mainly from Gaius, who tells us(Inst.Gai.2.24) that cessio was performed before a magistrate, such as the preator(or governor) with the transferor and transferee present, together with the property to be transferred (or a symbolic sod of earth in the case of land). The transferee grasped the property and uttered the same set words as in mancipatio. The preator asked the transferor thether he claimed the thing. Assuming that the latter stayed silent, or made no claim, he was taken as having ceded his rights, whereupon the preator awarded the property to the transferee.3

2. ASSIGNMENT  TODAY

An assignment (Latin cessio) is a term used with similar meanings in the law of contracts and in the law of real estate. In both instances, it encompasses the transfer of rights held by one party?the assignor?to another party?the assignee. It can also be a transfer of a benefit, including an equitable interest, according to established rules (at common law or in equity).The rights may be vested or contingent.The details of the assignment determine some additional rights and liabilities (or duties).
Typically a third-party is involved in a contract with the assignor, and the contract is in effect transferred to the assignee. For example, a borrower borrows money from a local bank. The local bank receives a mortgage note and can thereafter transfer that note to a financial institution in exchange for a lump-sum of cash, thereby assigning the right to receive payment from the borrower to another entity. Mortgages and lending contracts are relatively amenable to assignment since the lender's duties are relatively limited; other contracts which involve personal duties such as legal counsel may not be assignable.
The assignment might be claims, all kind of contracts, factoring contracts, receivables, the pool of loan contracts and so on. Ecex.Exchange Trading Platform enables download all assignment related documents to the digital container under digital signature. It mean if assignment agreement is on the market buyer obtain all related documents and have full authority to realize his rights.  Assignment Wikipedia


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What do you meant by buying and selling assignments?