Today financial services sector's electronic trading environment 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 invoices trading and human backed excel based system. There are no direct connections to investors.
PlanetZiggurat goal is to bring assignments on Ecex.Exchange trading platforms. We will fill the gap by creating a market environment, system for active trading platforms of assignments agreements. This means changing of owners of a multitude of agreements and documents, such as clains, invoices and factoring agreements etc.
The market system will be similiar to the stock market - very transparent and fast and it will allow trading claims, invoices from the moment thay are being issued until the payment date. Claims, invoices will be tarded until the obligations are either met or erased due to bankruptcy or natural end of the issuer. The owner of the invoices or claim can delist his right any moment (and exercise his right to realize their own requirements).
As all traders know, all market 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 make actions directly, using market data nad trading terminals. PlaneZiggurat will spread all relevant trading data on leading brokerage firms and online brokerage firms. We will make arrangements that will get existing investor community connected to the new assignments market.
PlaneZiggurat 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 functionally at bigger markets at the right time.
The stock exchange in Estonia is very small. There are 50 000 traders per year, the depository and market system are deisgned for a small volumes and are relatively cheap. PlanetZiggurat has an arrangement with an advisory company who will help to harmonize the system with legislation.
PlanetZiggurat goal is to bring assignments on Ecex.Exchange trading platforms. We will fill the gap by creating a market environment, system for active trading platforms of assignments agreements. This means changing of owners of a multitude of agreements and documents, such as clains, invoices and factoring agreements etc.
The market system will be similiar to the stock market - very transparent and fast and it will allow trading claims, invoices from the moment thay are being issued until the payment date. Claims, invoices will be tarded until the obligations are either met or erased due to bankruptcy or natural end of the issuer. The owner of the invoices or claim can delist his right any moment (and exercise his right to realize their own requirements).
As all traders know, all market 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 make actions directly, using market data nad trading terminals. PlaneZiggurat will spread all relevant trading data on leading brokerage firms and online brokerage firms. We will make arrangements that will get existing investor community connected to the new assignments market.
PlaneZiggurat 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 functionally at bigger markets at the right time.
The stock exchange in Estonia is very small. There are 50 000 traders per year, the depository and market system are deisgned for a small volumes and are relatively cheap. PlanetZiggurat has an arrangement with an advisory company who will help to harmonize the system with legislation.
Funding Overview
We plan to start in Estonia because of the price. Keeping our cost low, we can also create a more attractive price list. Our budget for phase 1-2 is roughly 3.57 M EUR. Phase 3-4 budget will be clear by the end of phase 2. An example for us is IEX Group. IEX raised first, second and third round 1.5, 9.4 and 15 M USD respectively during two years.
RoadMap
Token Distribution Structure
The PlanetZiggurat OU Ecex.Exchange Ziggurat Token distribution and the corresponding token creation process will be organized around smart contract running on Ethereum.
Token name : ZIG
Total Token Supply: 531,000,000 ZIG. Token that are not sold during the Token Distribution will be destroyed.
Goals : Maximum : $53 million.
Our distribution campaign does not have minimal capital goal because of project continuity. Any sale Ziggurat Token that remain unsold after the conclusion of the crowdsale will be added to the PlanetZigguart Inventory. Initial rate : Ziggurat Token Price is locked to 0.0004561163 ETH per 1 ZIG, 1 ETH = 2400 ZIG.
If initial quantity allocated for public market sale will be sold before the end of planned ICO then it can be raised by reducing the share not planned for intial distribution.
Token distribution
Foundation : 10%
Partners : 7%
Founders : 7%
Advisors : 6%
Bounty : 4%
Token buyers : 66%
MORE INFORMATION
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Created by : 15persenlucky
Profile link : https://bitcointalk.org/index.php?action=profile;u=1210666
ETH address : 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69
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