🔥 🔥 Ecex.Exchange ETH, XLM, ZIG exchange 🔥 🔥

[Ecex.Exchange]

WhitePaper Abstract

Today financial services sector’s electronic trading environments do not offer possibilities to trade with claims, invoices and factoring agreements(assignments, receivables). Receivables market is mostly human trading. Electronic trading platforms for receivables, like stock exchanges, do not exist. There are some entrepreneurs and startups, the trading platforms are eBay-like online invoice trading and human-backed excel-based systems. There are no direct connections to investors.
PlanetZiggurat goal is to bring assignments on Ecex.Exchange trading platform. We will fill the gap by creating a market environment, a system for an active trading platform of assignment agreements. This means changing for owners of a multitude of agreements and documents, such as claims, invoices and factoring agreements etc.
The market system will be similar to the stock market – very transparent and fast and it will allow trading claims, invoices from the moment they are being issued until the payment date. Claims, invoices will be traded until the obligations are either met or erased due to bankruptcy or natural end of the issuer. The owner of the invoice or claim can delist his right any moment (and exercise his right to realize their own requirements).
As all traders know, all markets function through leading brokerage firms and online brokerage firms. All traders want to be close to possibilities that allow them to make fast decisions and take actions directly, using market data and trading terminals. PlanetZiggurat will spread all relevant trading data to leading brokerage firms and online brokerage firms. We will make arrangements that will get the existing investor community connected to the new assignment market.
Blockchain technology can be used to verify transactions using a third party.
There are three tools planned:
1. The trading platform, exchange for claims, invoices and others subjects for assignments (all together assignments)
2. Exchange information flow through leading brokerage community. PlanetZiggurat will launch a trading platform to show and teach members and clients, https://ecex.exchange/  and https://planetziggurat.com/
3. Blockchain, especially digital signature (https://azure.microsoft.com/en-us/solutions/blockchain/)

PlanetZiggurat will start on the Estonian market due to the small size of the country as a test market and relatively high level of IT development in the country. This will allow to get a functional system up an running fast, have the system compatible with EU regulations and use a small market as a test site for further development in order to be able upscale in full range and functionality at bigger markets at the right time
The stock exchange in Estonia is very small. There are 50 000 trades per year, the depository and market systems are designed for small volumes and are relatively cheap. PlanetZiggurat knows the involved persons and companies and is planning to build its systems with the same software and legal background. http://www.nasdaqbaltic.com/market/?lang=en
PlanetZigurrat has an arrangement with an advisory company (http://bda.ee/en/) who will help to harmonize the system with legislation.
This business plan, PlanetZiggurat OÜ Ecex.Exchange Trading Platform whitepaper, attempts to fill the gap described by European Commission Directorate-General for Financial Stability, Financial Services and Capital Markets Union
“DEVELOPMENT OF SECONDARY MARKETS FOR NON-PERFORMING LOANS AND DISTRESSED ASSETS AND PROTECTION OF SECURED CREDITORS FROM BORROWERS’ DEFAULT “
https://ico.ecex.exchange/

[1713884106]

1713884106

[1713884106]

1713884106

[1713884106]

1713884106

[Ecex.Exchange]

Sign up for news update at ICO Countdown
https://ico.ecex.exchange/countdown/

Early Bird bonus

First 100 ICO participants will get additional bonus descending from 100% to 1% (Persons involved in Ecex Echange project are not allowed to participate in Early Bird bonus program)
Participation time bonus

First, 30 days extra 30% tokens added on top of every purchase
Second 30 days extra 15% tokens added on top of every purchase
Third 30 days extra 7.5% tokens added on top of every purchase
Fourth 30 days extra 3.25% tokens added on top of every purchase
Fifth 30 days extra 2% tokens added on top of every purchase
Amount Bonus (applied to single transaction)

Purchase transaction amount 10 000 ETH and over  extra 100% tokens added on top
Purchase transaction amount 1 000 ETH and over  extra 50% tokens added on top
Purchase transaction amount 100 ETH and over  extra 25% tokens added on top
Purchase transaction amount 10 ETH and over  extra 12.5% tokens added on top
Purchase transaction amount 1 ETH and over  extra 6.25% tokens added on top
Bonus amounts are calculated on basis of initial Ziggurats amount.

[Ecex.Exchange]

Ecex.Exchange Trading Platform as a  debtor tool

Assignment of rights under a contract is the complete transfer of the rights to receive the benefits accruing to one of the parties to that contract. For example, if Party A contracts with Party B to sell Party A's car to Party B for €100, Party A can later assign the benefits of the contract - i.e., the right to be paid $10 - to Party C. In this scenario, Party A is the obligee/assignor, Party B is an obligor, and Party C is the assignee. Such an assignment may be donative (essentially given as a gift), or it may be contractually exchanged for consideration. It is important to note, however, that Party C is not a third party beneficiary third party beneficiary, because the contract itself was not made for the purpose of benefitting Party C. When an assignment is made, the assignment always takes place after the original contract was formed. An Assignment only transfers the rights/benefits to a new owner. The obligations remain with the previous or previous owner.

Let's take the step further. Assume that Party C put the obligation on the Party B to Ecex.Exchange Trading Platform and he/she want this obligation sell and price is €50. He/She log in and put the asking price to €50 and sent the notification to other parties and the market that HE or she has assignments for sale. Let assume that Party B receives the info and he/or She make the counteroffer and put the price on Ecex.Exchange Trading Platform, let's say €40. Maybe they agree on €45.

As we see there is the great possibility to ease the situation of the debtor while allowing the parties to solve more delicate financing problems more flexibly.
The main idea here is that the debtor can always log on to the Ecex.Exchange Tradin Platform and bid on the specific claim against which he is a debtor. The creditor and the debtor are both Ecex.Exchange Tradin Platform significant customers in addition to investors who are interested in mediation.


General conditions

The Ecex.Exchange Platform is an online blockchain technology-based assignments (claim, receivables, factoring agreements, divestiture of claims etc.)  exchange platform, which shall provide to the User: (i) opportunities to sell and buy assignments,  claims, receivables, and mediate insurance contracts, (ii) various support services related to the selling and buying through the exchange, and give users exercise right realize their own requirements regarding claims, (iii) opportunities to ensure the safety of assignments and using Ziggurat cryptocurrency for internal payments.
The PlanetZiggurat shall grant to the User an opportunity to use the Ziggurat digital tokens 
(i)to opportunities to pay partly for service to sell and buy assignments, 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 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,
(v)Allow traders to settle Ziggurat tokens,
(vi)PlanetZiggurat will not emit additional tokens over initial amount 531 000 000,00 ZIG,
(vii) If some services in Ecex.Exhange or another platform will burn Ziggurat tokens then it is allowed to emit additional tokes to restore maximum emission amount,
(viii) Founders and Foundation will not sell Ziggurat tokens on public markets until the end of 2018.
Only the owner of the Ziggurat digital tokens may purchase with discounts the services of the Ecex.Exchange Platform.
https://ico.ecex.exchange/

[Ecex.Exchange]

Our Crunchbase profile.
https://www.crunchbase.com/organization/planetziggurat-o

[Ecex.Exchange]

Excerpt from  "Ziggurat Token Sale Agreement"   ICO 20.11.2017-19.04.2018
PlanetZiggurat Offer
This PlanetZiggurat  Token Sale Agreement constitutes an offer to conclude the agreement for purchase and use of the Ziggurat digital tokens under the conditions stated below (the PlanetZiggurat  Offer for purchase and use of the Ziggurat digital tokens) and can be accepted by any person (with the exception of the user specified in Article 6 of the PlanetZiggurat  Token Sale Agreement) not otherwise than by adherence to the entire this PlanetZiggurat Token Sale Agreement, including the conditions of its applications, which are deemed to be its integral part.
This PlanetZiggurat Token Sale Agreement includes and hereby incorporates by reference the following applications: The PlanetZiggurat Whitepaper located at https://ico.ecex.exchange/wp-content/uploads/2017/11/PlanetZiggurat-White-Paper-v.1.3.pdf, collectively, with this PlanetZiggurat Token Sale Agreement, “the PlanetZiggurat Token Sale Agreement”.
The PlanetZiggurat may, in its sole discretion, amend the PlanetZiggurat Token Sale Agreement at any time by posting a revised version on the site at https://ecex.exchange/.
Any revisions to the PlanetZiggurat Token Sale Agreement will take effect on the noted effective date or when posted if there is no noted effective date (each, as applicable, the “Effective Date”). If the change includes an increase of the fees charged by the PlanetZiggurat, such change would take effect after five (5) days after it was posted.
More about our ICO  https://ico.ecex.exchange/

[claudieux]

Why would you need $50 million for this project?

[Ecex.Exchange]

Thank you for your Question.

In essence Ecex Exchange is Stock Exchange and Depository togehter. Though the initial target of platform is debts related (https://ico.ecex.exchange/ecex-exchange-trading-platform-as-a-debtor-tool/)  the platform in development is in it's core universal. It could handle cryptocurrency, standard shares , or some future instruments not even know at the moment.
From the staring moment we have to keep in mind in development that it will be global project, not targeted to singe country or market. This will bring on another level of complexity.
We will use where possible several ready products and services what will need obtainig licenses to proceed. Ofcourse also addintional customization and integration is needed.
System will provide Investor Services, Issuer Service, Perticipant Services, Clearing and Settelement. It will be compatible with international standars like ISO data handling and messaging standards, TARGET2, Swift and others.
System Will have API and Data Feeds for integrating thirdparty users and services.
The public ICO amount is actually 66% so about 33M.
Even projects are usually not public you can get some idea from this public document in internet:
Egyptian Central Bank Clearing & Settlement Depositary System (CSD) for Government Securities 
https://www.google.ee/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjc2LyRwcDXAhVoOJoKHYPWDAYQFgglMAA&url=https%3A%2F%2Fwww.menatransitionfund.org%2Fsites%2Fmena_trans_fund%2Ffiles%2Fdocuments%2FEG%2520EBRD%2520Central%2520Bank%2520CSD%2520for%2520Govt%2520Securities%2520Proposal_0.docx&usg=AOvVaw16X1ooYJedLYFvS139BpJ2
where project cost for STANDARD market and SINGLE country is estimated to 6.7M
Because of global approach we expect to get signifficant benefit. We acknowledge that for classical instruments there can be market limitations from region to region, but initial target is to bring out totally new debt market model. The fact the we will be able to trade any share, cryptocurrency or other instrument is extra bonus. Also it is possible that one day cryptocurrencies are regulated as traditional financial instrumens. If this daycomes then we would like to be ready to offer this service.

We will not know the outcome of ICO, but we are committed to continue. With low resources it just takes more time and intermediate steps what can be skipped with sufficient funding.
Last but not least - this type of financial world is at the moment very closed circle and we would like to give much simpler and cheaper access to wider audience.   

[claudieux]

Thank you for your Question.

In essence Ecex Exchange is Stock Exchange and Depository togehter. Though the initial target of platform is debts related (https://ico.ecex.exchange/ecex-exchange-trading-platform-as-a-debtor-tool/)  the platform in development is in it's core universal. It could handle cryptocurrency, standard shares , or some future instruments not even know at the moment.
From the staring moment we have to keep in mind in development that it will be global project, not targeted to singe country or market. This will bring on another level of complexity.
We will use where possible several ready products and services what will need obtainig licenses to proceed. Ofcourse also addintional customization and integration is needed.
System will provide Investor Services, Issuer Service, Perticipant Services, Clearing and Settelement. It will be compatible with international standars like ISO data handling and messaging standards, TARGET2, Swift and others.
System Will have API and Data Feeds for integrating thirdparty users and services.
The public ICO amount is actually 66% so about 33M.
Even projects are usually not public you can get some idea from this public document in internet:
Egyptian Central Bank Clearing & Settlement Depositary System (CSD) for Government Securities 
https://www.google.ee/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjc2LyRwcDXAhVoOJoKHYPWDAYQFgglMAA&url=https%3A%2F%2Fwww.menatransitionfund.org%2Fsites%2Fmena_trans_fund%2Ffiles%2Fdocuments%2FEG%2520EBRD%2520Central%2520Bank%2520CSD%2520for%2520Govt%2520Securities%2520Proposal_0.docx&usg=AOvVaw16X1ooYJedLYFvS139BpJ2
where project cost for STANDARD market and SINGLE country is estimated to 6.7M
Because of global approach we expect to get signifficant benefit. We acknowledge that for classical instruments there can be market limitations from region to region, but initial target is to bring out totally new debt market model. The fact the we will be able to trade any share, cryptocurrency or other instrument is extra bonus. Also it is possible that one day cryptocurrencies are regulated as traditional financial instrumens. If this daycomes then we would like to be ready to offer this service.

We will not know the outcome of ICO, but we are committed to continue. With low resources it just takes more time and intermediate steps what can be skipped with sufficient funding.
Last but not least - this type of financial world is at the moment very closed circle and we would like to give much simpler and cheaper access to wider audience.   

Thank you for the fast answer! Can we know more about the team? I can't find it on your website. Also, the phone number provided on the website is also registered under another business (https://www.crunchbase.com/organization/sigmacapital-ou).

[Ecex.Exchange]

Your observation is absolutely correct, if you look at contact sections of next then address and contact phone are the same.

https://ecex.exchange/
https://planetziggurat.com/
http://www.sigmacapital.ee/kontakt/

Sorry for inconvenience, direct link to team Leaders was missing indeed (now also added to website top menus, under Pages)
https://ico.ecex.exchange/team-page/

Tõnis Hilep is CEO of PlanetZiggurat OÜ, also CEO of SigmaCapital OÜ,
LinkedIn https://www.linkedin.com/in/t%C3%B5nis-hilep-972288132/

Sven Orro is CTO of PlanetZiggurat, Senior Developer in Percival Software Ltd
LinkedIn https://www.linkedin.com/in/sven-orro-4b534a80/

LinkedIn contacts can also be found on Social Contacts page https://ico.ecex.exchange/social-links/

- Ecex Exchange  is the project, product and platform name
- PlanetZiggurat is the legal body for Ecex Exchange, it will manage and supervise the project.
- SigmaCapital will provide debts domain expertise.
- For first 1,5-2 years we will tightly co-operate with Percival Software Ltd using their long time CSD market domain expertise, several products and development capacity.
- Jumio will provide user authentication service.
- For third-party verification, GuardTime (https://guardtime.com/) or some other service will be used (final decision not made yet).
- PlanetZiggurat will also provide stock market trading domain expertise.
- Additional subcontractors will be joining as the need arises

[Bruce91]

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.

[Ecex.Exchange]

Dear Bruce91

It is our interest to deal not only with managerial loans but with all the intrusions that can be the subject of a divestiture contract.

Little overview from Debtwire, concerns only distressed debt.
"The majority of survey respondents expect the volume of European restructurings to hit its next peak in 2017, according to Debtwire Europe’s 13th European Distressed Debt Market Outlook, produced in association with Greenhill and Orrick.
With Trump and Brexit both confounding pollsters against all odds, investors are a lot more wary over further geopolitical shocks as several looming key European elections pose potential pitfalls this year. After many false dawns, 2017 may see interest rates come off their multi-year lows, which would also push some tottering credits into workouts.
Highlights of the report include:
 
73% of distressed investors predict the volume of European restructurings will hit its next peak in 2017. And this assessment is shared by 48% of private equity respondents.
Interest rate rises (22%), geopolitical conflict (21%) and Brexit (16%) are viewed as the most important macroeconomic factors driving European restructurings in 2017.
Respondents are fairly pessimistic over Brexit, with a majority expecting a recession this year and many funds planning to scale back investments in the UK. However private equity respondents are more bullish and aim to take advantage of any downturn.
On a more positive note, 58% of distressed and 54% of PE investors have no intention of relocating outside the UK, while only a handful are considering reducing their headcount.
As in last year’s study, Southern Europe is seen as the region most likely to drive European restructurings in 2017, according to 68% of distressed investors surveyed.
The energy (89%), financial services (85%) and infrastructure (83%) sectors are expected to offer the highest number of restructuring opportunities in 2017. For the report, Debtwire canvassed the opinions of 80 hedge fund managers, long-only investors and prop desk traders as well as 50 private equity investors in Europe on their expectations for the European distressed debt market in 2017 and beyond.
For the report, Debtwire canvassed the opinions of 80 hedge fund managers, long-only investors and prop desk traders as well as 50 private equity investors in Europe on their expectations for the European distressed debt market in 2017 and beyond."
http://www.debtwire.com/info/info/european-distressed-debt-market-outlook-2017

[Ecex.Exchange]

PlanetZiggurat goal is to bring assignments on Ecex.Exchange trading platform. An assignment derived from Roman law cessio.
Here is short overview, historical background


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.


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.

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.) 
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." Borkowski's Textbok on Roman Law
https://ico.ecex.exchange/

[Ecex.Exchange]

Short dictionary
An assignment -is the transfer of an individual's rights or property to another person or business.
Assignor-The assignee receives the transfer from the assignor. For example, an assignee may be received the title to a piece of real estate from an assignor.
Assignee-A person, company or entity who transfers rights they hold to another entity. The assignor transfers to the assignee. 
Exchange-A marketplace in which securities, commodities, derivatives and other financial instruments are traded.
Depository-On the simplest level, the depository is used to refer to any place where something is deposited for storage or security purposes. 
Trader-trading system -A trading system is simply a group of specific rules, or parameters, that determine entry and exit points for a given equity.
A trading platform is a software through which investors and traders can open, close and manage market positions.
Online trading is simply buying and selling assets through a brokerage's internet-based proprietary trading platforms.
Divestiture of claims  in finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment.
Receivables refer to a company's claims to the future collection of cash, other assets, or services.

https://ico.ecex.exchange/

[DevinRibbe]

Any news about participating in ICO with standard currency i.e. for euros for example?

[Ecex.Exchange]

Yes there are some developments.
Plan is to accept EUR and USD payments. No other currencies, sorry.
Also in same development scope it is possibility to use non ERC20 compatible wallet (Different smart contract for this, not the main ICO one).
In both cases we will create user account in Ecex Exchange and hold user's Ziggurat tokens in Ecex until user decides to transfer them elsewhere (NB! Ziggurat token transfers between Ecex Exhange accounts are free of charge).
Can same way be held any other ERC20 tokens? No doubt, but it will need some additional development what we are ready to do if there is interest for this kind of service.

This option will not be available on first days of ICO neither will it participate in Early Bird Bonus system (first 100 participants) as this functionality is part of ICO smart contract.
But all other bonuses will apply and we expect this functionality to be available in middle of first 30 days time tier. Stay tuned.

[Ecex.Exchange]

ZIGGURAT TOKEN REGISTERED IN PARITY TOKEN REGISTRY
https://ico.ecex.exchange/ziggurat-token-registered-in-parity-token-registry/



General conditions

The Ecex.Exchange Platform is an online blockchain technology-based assignments (claim, receivables, factoring agreements, divestiture of claims etc.)  exchange platform, which shall provide to the User: (i) opportunities to sell and buy assignments,  claims, receivables, and mediate insurance contracts, (ii) various support services related to the selling and buying through the exchange, and give users exercise right realize their own requirements regarding claims, (iii) opportunities to ensure the safety of assignments and using Ziggurat cryptocurrency for internal payments.
The PlanetZiggurat shall grant to the User an opportunity to use the Ziggurat digital tokens 
(i)to opportunities to pay partly for service to sell and buy assignments, 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 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,
(v)Allow traders to settle Ziggurat tokens,
(vi)PlanetZiggurat will not emit additional tokens over initial amount 531 000 000,00 ZIG,
(vii) If some services in Ecex.Exhange or another platform will burn Ziggurat tokens then it is allowed to emit additional tokes to restore maximum emission amount,
(viii) Founders and Foundation will not sell Ziggurat tokens on public markets until the end of 2018.
Only the owner of the Ziggurat digital tokens may purchase with discounts the services of the Ecex.Exchange Platform.
https://ico.ecex.exchange/

[Ecex.Exchange]

ICO Countdown is starting
https://ico.ecex.exchange/countdown/

Early Bird bonus

First 100 ICO participants will get additional bonus descending from 100% to 1% (Persons involved in Ecex Echange project are not allowed to participate in Early Bird bonus program)
Participation time bonus

First, 30 days extra 30% tokens added on top of every purchase
Second 30 days extra 15% tokens added on top of every purchase
Third 30 days extra 7.5% tokens added on top of every purchase
Fourth 30 days extra 3.25% tokens added on top of every purchase
Fifth 30 days extra 2% tokens added on top of every purchase
Amount Bonus (applied to single transaction)

Purchase transaction amount 10 000 ETH and over  extra 100% tokens added on top
Purchase transaction amount 1 000 ETH and over  extra 50% tokens added on top
Purchase transaction amount 100 ETH and over  extra 25% tokens added on top
Purchase transaction amount 10 ETH and over  extra 12.5% tokens added on top
Purchase transaction amount 1 ETH and over  extra 6.25% tokens added on top
Bonus amounts are calculated on basis of initial Ziggurats amount.

[Ecex.Exchange]

Our ICO starting on Monday  https://ico.ecex.exchange/


An assignment and actors on Ecex.Exchange Trading Platform

What is a 'Creditor' and How Creditors Make Money
A creditor is an entity (person or institution) that extends credit by giving another entity permission to borrow money intended to be repaid in the future. A business who provides supplies or services to a company or an individual and does not demand payment immediately is also considered a creditor, based on the fact that the client owes the business money for services already rendered.
Creditors can be classified as either personal or real. People who loan money to friends or family are personal creditors. Real creditors such as banks or finance companies have legal contracts with the borrower, sometimes granting the lender the right to claim any of the debtor's real assets (e.g. real estate or cars) if he fails to pay back the loan.
Simply, creditors make money by charging interest on the loans they offer their clients. For example, if a creditor lends a borrower $5,000 with a 5% interest rate, the lender makes money due to the interest on the loan. In turn, the creditor accepts a degree of risk that the borrower may not repay the loan. To mitigate risk, most creditors index their interest rates or fees to the borrower's creditworthiness and past credit history. Thus, being a responsible borrower could save you a substantial sum, particularly if you are taking out a large loan, like a mortgage. Interest rates for mortgages vary based on a myriad of factors, including the size of the down payment and the lender itself; however, one's creditworthiness has a primary impact one one's interest rate.

Assignment
Long story short creditor is the owner of rights and these rights are on a form of written contract. This written contract is the object of the next contract – assignment.   

Contract assignment.
A contract assignment means that a party to the contract assigns the entire contract to another party. This means that the party gives the obligations and benefits of an existing contract to another party. This situation occurs when a party to a contract wants another party to completely step in and fulfill the contract.
The ability to assign a contract to another party is a fairly common practice in contracts law. This type of assignment is common in a wide variety of different contract situations.

Assignment of Rights
There is also a second type of assignment. Sometimes, an assignor will only make an assignment of rights. This means that the original party remains obligated to fulfill the contract, but another party receives the contractual benefits.

Assignor and Assignee
An assignor can be an individual, a group, or a business.
The assignor is the party that transfers its contractual rights to another party. In a contract assignment, this means that the party transfers both the contractual obligations and the contractual benefits. In an assignment of rights, this means that the party transfers just the benefit of the contract.
The assignee is the party that receives the rights and obligations under the contract, but wasn't an original party to the contract. Usually, an assignee receives the contract rights and obligations directly from an original party to the contract.

Obligor and Obligee
An obligor is a party that is obligated to do something under the terms of a contract.
You will sometimes hear the term 'obligor' used to describe a 'borrower' or a 'debtor.' This is common because many contracts are debt contracts, but it's important to note that obligors can be required to do something other than repay debt. Obligors can be obligated to perform a particular task or even to refrain from a particular activity.
Whenever we have an assignment and an obligor, we'll have an obligee.

[Ecex.Exchange]

Investor view to Ecex.Exchange Trading Platform  and Ziggurat Token

The investor is the very broad term and the investors who invest cryptocurrencies is a new one. We can only assume what indicators they taking account before they do their decisions and what are the main economic data that is relevant. But as an entrepreneur and investor ourselves, we have to do our jobs with the best knowledge about ecosystems and we have to give our best skills to achieve results.

Ecex.Exchange Trading Platform idea is raised from the deep knowledge about personal loan market and the use of assigning loans to other entity.  There is in the market startups who try to divide loans into peases and sell them as small investments on marketplaces. It is the solution but there is very little business for investors. Our solutions bring bid and ask possibilities and the familiar trading environment for all investors because it is hard to think that investor has never seen the stock market trader. And it is the first big benefit, the Ecex.Exchange Trading Platform trading environment is familiar to investors.

Then, of course, the assignment. We published several articles about the cessio, assignment, assignor, assignee, debtor, transfer of right .. and so on. Our goal is to explain to future Ziggurat token buyers what our Ecex.Exchange Trading Platform is all about. Ecex.Exchange is, in short, the transfer of rights from one owner to another and the transfer of this transaction to independent economic agents.Ecex.Exchange Trading Platform earns a commission on transactions. Ecex.Exchange price lists are available in different fiat currencies, depending on the market country.
The Ziggurat Token price on our platform is 1 euro equivalent to 1 token.

https://ico.ecex.exchange/

[Ecex.Exchange]

Words before  Ecex.Exchange ICO , welcome to buy Ziggurat Tokens 20.11.2017-19.04.2018



„Simplicity is the ultimate sophistication”  Leonardo da Vinci

Ecex.Exchange  looking for ultimate simplicity.  There is no easier way than selling your complex tasks to those who can deal with them.  The day ends calmly if there are no problems or worries.
In addition, our Ecex.Exchange allows us to issue loans against ourselves. What creates competition among lenders who can provide the best conditions. Our customers are on a pre-position on both sides of the transaction. What can be better for our customers?

Ziggurat Token (ZIG)

We sell tokens to finance our activities as outlined in White Papers and Roadmap. We sell them at a price of  0.0004166667 ETH. When our Ecex.Exchange works, we offer a payment service option at a price of 1 ZIG equals 1 Euro. We put the issue tokens on the stock exchanges and give market participants the opportunity to buy and sell tokens.


Token acquisition details:  ICO.Ecex.exchange
Our Company www.planetZiggurat.com


Tõnis Hilep