Ecex.Exchange
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Merit: 10
https://ecex.exchange/ — First Crypto Depository
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February 01, 2018, 10:50:17 AM |
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I read your website and white paper. I have no legal education and it is difficult for me to understand the services that you provide. Will your exchange arbitrate between banks?
Ecex.Exchange as this assignments exchange is hard to understand I will bring some examples - company x sells goods to company y with payment term 150 but then needs to get payment faster - they can sell invoice with bit lower price - bank b has non-performing loans - also those can be sold - financial institution I have performing loans but want exit loan business - sure assignment exchange will help - mister x has 10 wallets of different cryptocurrencies - he can bind them all together to one assignment instrument and sell them - Miss j is not happy with load offered by her bank - she can ask for loan offers i.e. sell claim against herself - again assignment when we have implemented basic features and have already some reasonable amount of data then selling data feeds to classical brokerages and financial institutions is another excellent service also no doubt insurance business is interested to join building it from the ground as the stock exchange and shares depository can give limitless opportunities we will try to mix old classical finance knowledge with new approaches that blockchain can offer what comes to ICO then ZIG token is sold significantly cheaper during ICO than what it will be listed in Ecex.Exchange pricelist Ecex will use for all internal payments ZIG utility tokens even if user does not know or care about cryptocurrencies so internal pricelist is always in ZIG and if the user needs to some transactions then he/she is charged internally in ZIG even if it is transparent to the user we have promised that after ICO Ecex.Exchange will sell in internal system ZIG tokens with the price at least 1 ZIG = 1 EUR or 10% over average stock exchanges price if price rises higher in crypto exchanges |
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PNToken
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February 02, 2018, 08:24:10 AM |
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The developer thank you for the explanation, I understand this is the services of the exchange for a variety of financial activities. I joined the telegram channel and registered on the site, but did not understand how to get the bonus. Give a link please. |
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Ecex.Exchange
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Activity: 1148
Merit: 10
https://ecex.exchange/ — First Crypto Depository
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February 02, 2018, 09:22:01 AM |
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1. HISTORICAL BACKGROUND CESSIO (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
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Ecex.Exchange
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https://ecex.exchange/ — First Crypto Depository
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February 02, 2018, 03:48:12 PM |
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2. ASSIGNMENT
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 related concept of novation is not an assignment; rather than assigning only the rights to another party, novation involves the replacement of the original party with a new party or the replacement of the original contract with a new contract. Since novation creates a new contract, it requires the consent of all parties whereas assignment does not require the consent of the nonassigning party, although in the case of assignment the consent of the nonassigning party may be required through a contractual provision
2.1. Procedure
The assignment does not necessarily have to be in writing; however, the assignment agreement must show an intent to transfer rights. The effect of a valid assignment is to extinguish privity (in other words, contractual relationship, including the right to sue) between the assignor and the third-party obligor and create privity between the obligor and the assignee.
2.1.1. Liabilities and duties
Unless the contractual agreement states otherwise, the assignee typically does not receive greater rights than the assignor, and the assignor may remain liable to the original counterparty for the performance of the contract. The assignor often delegates duties in addition to rights to the assignee, but the assignor may remain ultimately responsible.
2.1.2. Assignment of contract rights
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 $10, 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.1
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Ecex.Exchange
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Activity: 1148
Merit: 10
https://ecex.exchange/ — First Crypto Depository
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February 03, 2018, 10:49:04 PM |
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A summary
The market for claims exists in various ways and there is nothing new about an electronic stock market either. We are going to mix existing ideas with existing ecosystems, even step into systems through existing channels and to bring certain possibilities to market attention.
The regular item that everybody trades is a buy-sell agreement. It is very easy to understand, every investor can buy stock and assume that what is happening behind the electronic market system, how the trade matching takes place and what are the consequences in the accounts when the deals are finally closed.
An ecosystem which is mostly the same as stock market and built only for claims, rights, and receivables, operates on the basis of assignment agreement, has a great opportunity to spread around the world and to gain customers everywhere.
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Ecex.Exchange
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Activity: 1148
Merit: 10
https://ecex.exchange/ — First Crypto Depository
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February 04, 2018, 11:14:03 AM |
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Ecex.Exchange
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Activity: 1148
Merit: 10
https://ecex.exchange/ — First Crypto Depository
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February 06, 2018, 09:54:19 AM |
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Small step to humankind, big step for Ecex Exchange - First ever ZIG token payment between Ecex Exchange accounts! No charges and immediate!  |
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KimberlyGB
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February 09, 2018, 12:37:34 PM |
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As I understand your exchange wants to provide various services mainly to banks? Are the exchange investment tokens? Will you pay dividends on them?
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StarKay
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We All Can Make It
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February 10, 2018, 08:37:54 AM |
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I will commend you for the well organized in-house bounty, it makes life easier for participants.
How many ZIG tokens have been sold so far?, Do you have a Soft Cap or Hard cap?
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KimberlyGB
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February 10, 2018, 05:34:31 PM |
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Developer if I previously joined the telegram, can I register now and get a reward? |
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Ecex.Exchange
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Activity: 1148
Merit: 10
https://ecex.exchange/ — First Crypto Depository
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February 10, 2018, 10:30:03 PM |
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Referral Program Your referral link is: https://sms.ecex.exchange/portal/join.php?referral=6ZW5TTTtOEvery participant will get unique referral code also unique link with this code will be provided. Program participant is free to distribute this link in any channels he/she sees suitable in form of text and/or image. Spreading unrealistic promises, false information and other illegal statements will result in immediate ban from program and closing participant's Ecex Exchange account without any compensation. Rewards: Participant will get 10% of any Ziggurat token turnover the referred customer will generate in Ecex Exchange system, will it be bounty payouts, mobile ICO purchase, assignments purchase or any other future service. Plain opening account in Ecex Exchange is not subject of reward. Ecex Exchange will announce 30 days in advance of any changes in referral program, current rules apply at least until 20. April 2018.  |
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Ecex.Exchange
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Activity: 1148
Merit: 10
https://ecex.exchange/ — First Crypto Depository
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February 13, 2018, 02:53:32 PM |
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Currently, there are many projects for exchange, so what sets you apart from others?
Ecex.Exchange Trading Platform is not a startup and is not a product where we use some next-generation complicated and sophisticated technology(we use smart contract and blockchain solutions). On the contrary trading systems what we use are has justified itself in different countries and stock exchanges. We are building trading platform parts (Percival) of which are well-known to all and work daily on different stock exchanges in the world. Ecex.Exchange Trading Platform will not grow as fast as rockets like social networks. Our customer is individual or company who is deliberately is working with assignments(which means loans, receivables, bills, agreements,factorings, agreement of rights, etc.). Our Trading Platform is more meant for professionals than private persons. It is the tool helping easier to resolve hard questions manage unwanted economic relations. Ziggurat Token is a tool as well. There are economic reasons why project owner PlanetZiggurat OÜ decided to look financials from ICO market. Ziggurat Tokens are compatible with our trading system. Ziggurat Tokens circulating altcoin exchanges and our trading platform, and keep our service priced competitive. Tokens will advertise on our Ecex.Exchange Trading Platform and bring new customers. And our Platform allows all owners of the tokens, including those who do not have Ziggurat Token traded on our platform and earn a profit. To be honest, I'm quite interested in your project. That fact has moved me to take a dip further. I was interested if there's a market for such bargains (mean selling loans and etc.) To my amazement, I've found it to be in-demand, for example, I've found functioning loan exchange https://www.loanmls.com/Did you make an exploration of your business rivals? Questions please: Telegram https://t.me/ZigguratICO |
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