Ecex Exchange - new assignment exchange for claims, receivables, bills and factoring agreements.

Recently, earnings on the debt market gaining rapid popularity. When the companies conduct the commodity-money relations, they arise a lot of debts before each other which are made out in the form of different kinds of documents. It is quite normal practice, especially during a crisis. For one reason or another it happens so the companies can become bankrupt even before receipt of money payments, then these means remain in the form of documents. That is precisely what is called a receivable. In other words, receivables unpaid financial accounts of debtor partners before the entity.

If the company becomes bankrupt, then its debt becomes just the same asset in the market as real estate objects, vehicles or the parcels of land. Everyone can buy this debt for a certain price. This type of business is super-profitable. Usually, for buying of the most valuable lots unfold aggressive bidding, and when it is about auto fleet or the real estate, interest is entirely understandable. The main to get information support and partially to automate the process of collection receivables to legal causes.

But today in the electronic trade environment of the sector of financial services there yet no available electronic trade platforms for trade in claims, invoices and factoring agreements (orders, receivables). For this reason, I want to tell you about the PlanetZiggurat project which filling this gap, creating a market environment, a system for the active trading platform of assignment agreements. It means changing of owners of a multitude of contracts and documents, such as claims, invoices and factoring agreements, etc.

All traders want to be near opportunities that allow them to commit quick decisions and take actions directly, using market data and trading platforms. PlanetZiggurat will distribute all trading data to leading brokerage firms and will take measures that will result in the existing investor community associated with the new market.

Platform benefits
Exchange of PlanetZiggurat will generate information flow which is similar to a stream of information of stock exchange. On the platform, there are three types of the involved legal entities: creditor (assignor, cessionary), debtor and supplier of the trading platform (PlanetZiggurat, Ecex.Exchange).

• The platform provider Ecex.Exchange (Electronic Claims Exchange). The platform will be work between creditors and debtors, where they buy and sell contracts in a very similar way. Ecex.Exchange provides a trading platform, tool listings (requirements, loan agreements), bids/ask and also all means and steps for successful completing transactions, as agreed by the parties.
• The creditor (the assignor, the cessionary) has the unique right to sell the request at any time. For this Ecex.Exchange uses the simple contract of appointment and adds necessary documents to a container of files to a transaction.
• The debtor can use Ecex.Exchange for entering into agreements, reducing costs and improving cash flow. Another possibility of the debtor allows him to issue debt by selling a claim against himself. This means that he can sell the agreements to potential lenders and finance himself in this way.

Delivery value through the complicated managed and communication of Ecex.Exchange. The main component is SigmaCapital working and supporting a trading platform of Ecex.Exchange which allows assignors to place and to buyers to buy assignments. The market system will be similar to the stock market - very transparent, fast, allowing trading claims and invoices from the moment of their release to a payment date. Claims, invoices will be on sale until liabilities aren't fulfilled or won't erase because of bankruptcy or the natural end of the issuer. The owner of the invoice or claim can cancel the right at any time (and to exercise the right to the implementation of the requirements).

Ecex.Exchange has the built-in model of monetization where Ziggurats will collect the fixed percentage of the payment for a transaction. Thus, each user will contribute to the income of Ecex.Exchange. The platform includes "game" and "trading" components in which investors can compete in the bidding for assignments of investments. Requests will be open within 24 hours and who will continue max bid price will be a winner. Ecex.Exchange the ecosystem looks like the platform for stock trading.

Ziggurat Tokens is a decentralized virtual currency, provided in specialized smart contracts Ethereum by the ERC20 standard. Ziggurat Tokens allow participants to interact with the services of the Ecex.Exchange trademark from Ziggurat.

Token Name: Ziggurat
Token Symbol: ZIG
Total emission amount: 531 000 000.00 ZIG
Available for public ICO: 350 460 000,00 ZIG
Decimal places: 18
No Additional Emission over initial amount.
It is utility token.
ICO price: 1 ETH = 2400 ZIG / 1 ZIG = 0.00041667 ETH (NB! They are compensating Ethereum price rise via additional ZIG payment so that purchase is kept on ratio 1 EUR = 10 ZIG , see ICO page for details)