The blockchain technology thanks to its benefits is proving to be an important tool for improving the processes of daily life, not only on a personal level, but also on a business level. In this, we should highlight the momentum that blockchain financial services niche has shown. In this opportunity we will talk about a platform that emerges from the niche of financial services with an advanced vision: the trading platform Ecex.Exchange.
Powered by the people of Planet Ziggurat, the objective of the Ecex.Exchange platform is to promote a market for receiving accounts such as claims, invoices and factoring agreements, among others, where there is a direct connection between investors who acquire these obligations, all under the transparency and viability of blockchain.
It is about filling the gap by creating a market environment through a system for active negotiation of allocation agreements. This means changing owners of a multitude of agreements and documents, such as claims, invoices and factoring agreements, etc. Planet Ziggurat will disseminate all relevant business data to leading brokerage firms and online brokerage firms, making the necessary arrangements to connect the existing investment community with the new market of assignments that the Ecex.Exchange platform will suppose.
Planet Ziggurat will start in the Estonian market due to the small size of the country as a test market and the relatively high level of IT development in the country. The Estonian stock market is very small. There are 50,000 exchanges per year, deposit and market systems are designed for small volumes and are relatively cheap.
Planet Ziggurat aims for 1 million transactions per day by the end of the third year. Their income will come from services that include: negotiation fees, issuer background verification systems, digital signature, exchange membership fees, etc. The cash flow will be similar to that of the stock exchange. The only difference will be the instruments and a set of agreements.
To implement all this, Planet Ziggurat will grant the user the opportunity to use the Ziggurat digital tokens to:
(i) pay for the service to sell and buy claims, receiving accounts and mediate insurance contracts,
(ii) pay for various support services related to the sale and purchase through the exchange, and grant users the right to establish their own requirements with respect to the claims,
(iii) Ziggurat cryptocurrency grants the right to obtain profits of up to 20% of Planet Ziggurat’s profits
(iv) use the Ziggurat cryptocurrency for internal payments through the Ecex.Exchange Platform.
The intelligent contract of Ecex.Exchange requires the Ziggurat digital tokens for its work. Only the owner of tokens Ziggurat can buy with discounts the services of the Ecex.Exchange platform.
The Ziggurat tokens (ZIG) are ERC20 Ethereum tokens. The base sale price is 1 ETH = 2400 ZIG. All sales are compensated at level 1 EUR = 10 ZIG. It does not matter which cryptocurrency you use. The ICO of the Ziggurat token started on November 20, 2017, and from then on it will last up to 150 continuous days.
To learn more about this project, you can review its White paper.