Ecex.Exchange – This is the beginning

Our first steps in the assignment market are made. We are ready to list all kinds of assignments, trade them and let our clients decide the outcome. Ecex.Exchange väike logo

Ecex.Exchange Trading Platform (EETP) clients’ visions.

EETP users will be very different economic agents who willing to perform a 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 are a little overview and examples of what private people 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 be the assignor and sell loan forward trough stock like a bid/ask system. Buyer is the assignee and a Private person loan is on a free market. Everybody can buy it through EETP.

A private person can, of course, be as the 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, place 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 has to pay. Adding documents to assignment digital containers and put the price Privat person can sell all different obligations she/he owns.

2. Company

Mostly same thing as the private person: Then 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 an assignment agreement. Assignee determines the provisions and the assignor have to agree if the assignor wants to buy and all this takes place in the marketplace, there mostly the same picture as the stock 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 the distress loan portfolio.

EETP has a solution. Italian banks 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.

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ETA Exchange traded Assignments

Ecex.Exchange preparing open assignment trading. ETA (exchange traded assignments) Ecex.Exchange väike logowill be listed by assignments owners and investors or future creditors are able to by ETAs from the exchange. It is unusual to deal, the basic contract is new, assignments agreement. KYC for companies are open as well, many of services are on the test mode. We hope to improve in the next few months.

Ecex.Exchange

Screenshot 2019-09-21 at 12.55.40

 

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Ecex.Exchange, who are the actors behind the assignments trading from the token trading point of view.

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The assignments exchange need for work not only perfect code and reflection on the global markets but every level player, who are willing to make unusual deals with the different class of assets. These persons are the souls of the business and they have the crucial role in the start of the business. We all know the saying that who is the first client. Ourselves of course. But who is the second? If the second client coming there are only two problems left, raise the number of clients and keep tabs on the quality of your product.

At the moment Ecex.Exchange token trading entity works well, we have over 100 listing, 20 on the waiting list, we have approximately 3500 trades per day and the record day by eth turnover is 100 eth.

Tokens trading actors are investors and behind the curtain the token emitters, developers. There are some definitions before we can go further:

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 on 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 repaying 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.

Real Life

On the Ecex.Exchange assignment market the user have to detect what role he or she can play. There are different possibilities to make money and different products which can be useful in several life situations. If you have some claims against your neighbors you can sell the claims, if you have an open agreement about selling your work or product you have easy possibilities to refinance your investment to this project. If you need a loan, you can sell a loan agreement against yourself.

Token trading + Assignment trading = Ecex.Exchange

Token trading participants are the first ones who can emit the first assignments and will trade them. We open trading for assignments the very same ecosystem there token trading occur today. This is the way we try to accustom the future assignment traders. Assignments trading is a very new idea and the trading instruments are new and in the start trading need lot of support and development not only from management side but from the custom side as well.

Tallinn 17th of September

Tõnis Hilep

CEO PlanetZiggurat OÜ

+3725078332

skype: tonis.hilep

info@ecex.exchange

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Ecex.Exchange about Naked tokens, new flashing stars in the crypto universe.

Ecex.Exchange väike logoStephen Hawking liked to talk to his students about big bang theory. This is an idea about starting the universe and about galaxies, how they expand, moved away from each other and what happened after the big bang. But in his mind, nothing was before the big bang and nobody talk about it or assume that might it be. As far as we concerned, events before the big bang can have no concequences.

But before blockchain was 3000 years, starting from the market in ancient Rome business as usual. There was paterfamilias, libre and mancipatio, legal entities and mutual agreements. And we all know how to operate this world.

After the blockchains related tokens presented, usual business start in some sense, in some areas or venues little bit crack.

There are several issues, but today I want to talk about Naked tokens. The name is my idea and it characterized very well widely released smart contracts without the team, company, token agreement, whitepaper, address, country and even developer.

We all know classic token ICO ordinance. We can monitor ICOs on several web services and make decisions relay on presented data. Everybody can check background, who team members are, call and write them, talk about the project on the forums and so on. After ICO most of the projects try to list on marketplaces and wide userbase can trade the tokens openly.

And yes there is another possibility to release tokens. The token is the only smart contract. In Ethereum Blockchain case we monitor token on the Etherscan.io. There is a number of tokens, decimals, and other significant info.

Naked token work with minimal info. Mostly the only number of tokens, the name of tokens, decimals. No links, no webpage address. And some cases there is the same name two or even three contract in same name and number of tokens.

Naked token open Twitter page, it is not rare when they buy some old Twitter feed with some 5000 followers. And of course webpage, there is no email address, team, country.

As we all know the most important document is the token contract, agreement, usage agreement…

This looks like tabu for several real token ICOs and Naked token people probably do not know that this token agreement is.

The first expression is that it cant be the legal business and there are no good possibilities to the Naked token to try to attract funds.

But developers (persons behind) Naked tokens try to list their tokens to the tokens exchanges. It means that they try to fund through the selling tokens on markets not using ICO ordinance.

Still. There might be teams, who release Naked token with good will. Maybe they learn during the process, they produce whitepaper, draft exceptional token agreement, present product, repair they etherscan.io links, find and collect exemplary social followers, list Naked tokens on the exchanges and will that way fund development.

The dilemma occurs then Naked token fill application for listing. It is impossible to predict who is who. One and the most important thing that asks from the Naked token is a key person full KYC process. The second thing is the price. The naked token has to pay for the higher risk. And third is the subjective assessment by the evaluator to a particular idea.

Let’s leave this market to decide what a good project is and what not. Projects, different tokens or coins listed can develop and succeed in time. If the project is poor then its price will fall and enterprise will end his existence. The laws of nature are also valid on the crypto world.

Tallinn 2nd of September

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Ecex.Exchange is open to anyone interested in the early stages of development, investors and partners welcome

Ecex.Exchange väike logoThere is always imaginations and visions which move our practice. Our original White paper is written form the assignment point of view, but on the way, we decided to make an adventure to Ethereum blockchain smart contract ecosystem.

Reason derives from our thoughts that cryptocurrency can be a big help to our customers and the assignment owners can use blockchain and cryptocurrency exchange to their needs. It is not a big secret, that cryptocurrencies have not a real outlet. Where are no enough places except exchanges where you can use crypto? So we try to solve problems for crypto as well.We are open to anyone interested in the early stages of listing or airdrop.

Our main incentive remains assignment exchange. Assignments possible turnover probably exceed crypto several times. And our emphasis remains on assignments.

But. But cryptocurrencies flourish at the moment and we develop our crypto section first.
Today we have already open several testing pairs (98) and Ecex.Exchange Ethereum turnover over 12-47eth per day. There are some 60 different tokens waiting for listing and airdrop on our Ecex.Exchange. Tokens used our ecosystem to make airdrop to our 58000 users/customers. We received a positive response from our social channels as Telegram, Twitter, and Facebook. We are going to develop Ecex.Exchange to simple, transparent and secure exchange. Multinational as well. But everything takes time.

Our Ziggurat token is listed on ForkDelta, EtherDelta and Token.Store. We submitted applications on several exchanges and waiting responds. We remind our customers that every development and business that PlanetZiggurat OÜ plans are long-term and reasonable. Developers are not looking for quick profits and do not make any strides in their tokens in the short term. So, be patience.

During the next two months, we improve the Ecex.Exchange and start looking for bigger listing partners and we will try to find airdrop partners as well. (for some reason all love airdrops)

Ecex Exchange has made a strategic decision to integrate with Stellar blockchain. The first step will be for Ecex to list Lumen (XLM). This opens the door to the second step of all Stellar tokens and assets. We already have contacts from teams who are interested in listing and airdropping Stellar based tokens.
This will be the beginning of Ecex Exchange expanding from single blockchain assets to a multi-blockchain assets trading platform. Stellar is particularly interesting because of the financial targeting, speed, and low transaction costs. Also, its approach to solving real-life financial tasks such as bridging systems and multi-signatures. Handling different types of assets are especially important for business as Ecex Exchange develops.
PlanetZiggurat OÜ received two licenses for Ecex.Exchange platform:
FVR000341 Providing services of exchanging a virtual currency against fiat currency
FRK00281 Providing a virtual currency wallet services

We looking for fiat trading for institutional clients starting from 1st of October 2018.

Crypto world looking for solutions to use cryptocurrencies. There will be no easy and fast solutions and the market will be under the development next 20 or 200 years. But the market wants different opportunities. We need to develop and give the market what they want.

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Ecex Exchange and Stellar integration

 

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Ecex Exchange has made a strategic decision to integrate with Stellar blockchain. The first step will be for Ecex to list Lumen (XLM). This opens the door to the second step of all Stellar tokens and assets. We already have contacts from teams

who are interested in listing and airdropping Stellar based tokens.

This will be the beginning of Ecex Exchange expanding from single blockchain assets to a multi-blockchain assets trading platform. Stellar is particularly interesting because of the financial targeting, speed, and low transaction costs. Also, its approach to solving real-life financial tasks such as bridging systems and multi-signatures. Handling different types of assets are especially important for business as Ecex Exchange develops.

Exact timeframe is not set, but we target to introduce new functionality for the end of August 2018.

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Ecex.Exchange Explained

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