Ipparts Exchange (IPPAEX), a New Cryptocurrency Exchange for New-Capitalism

By Africahead | Brand Tokens | 12 Sep 2019

Photo by Diego Meneghetti from FreeImages

Economic theory is changing. Proof of that is a recent article at Bloomberg called; "JPMorgan’s Dimon Among CEOs Rejecting Investor-Centric Model". Another proof is the recent offer by the Hong Kong Stock Exchange to buy the London Stock Exchange. Hong Kong is controlled by the Communist Party of The People's Republic of China. The changes in economic theory is influenced by the same reasons, which caused the split between real capitalism and communism/socialism.

IPPAEX formed because of a new-capitalist economic theory of my philosophy called Intequinism. Without going into detail about Intequinism, IPPAEX is managed according to belief, minimum prices maximise brand values. Current stock exchanges are managed with the conviction, maximum prices maximise brand values. Someone could argue the greed present on stock exchanges is capitalism, without comprehending what the difference between capitalism and communism/socialism really is. Communism/socialism is materialism (greed). Real capitalism is idealism (not greed). Roots of the difference between capitalism and communism/socialism, are two theories of capital. Communism/socialism shows conviction in the Labour Theory of Capital. Real capitalism shows belief in intequity (capital of ideas). Socrates said in Plato's book The Republic, "gods and goddesses" have good ideas. His view influenced much of philosophy and religions. Socialists/communists of their time, who convicted in Labour being Creator, like Marx wrote, whilst imparting ideas from people with good ideas, changed their ways, after the Eucharist/Mass was implemented. Sacrificing "gods and goddesses" whilst developing their ideas, became less severe, but it still happens, even if some practice it only symbolically. The symbolism however can be clearly noticed in development methodology of current capitalism/socialism, controlled by socialists in the "Intelligence" system, in my opinion.

Intequinism includes the above issues in much more detail, but for this article enough is said about philosophy/religion influencing the theories.

IPPAEX lists brand tokens, in order to give originators of good ideas, a better chance to develop their own ideas. Current economic systems do not have good recording procedures for Intellectual Property. If recording happens, it does not exist in public. It could be existing in secret "Intelligence" systems, taking part in the imparting of ideas, as instituted by utilitarian constitutions of countries, as a "human" right, against "creators'" ("creatures'") non-existing rights. Why do i say Intellectual Property is not recorded well? An answer could be, but, patents record it well and registrations of copyrights record it well. Actually the recordings of patents and copyrights are parts of the problem, because patents and copyrights registrations have to happen in each country separately. Registrations are public knowledge. It is therefore easy for capital rich organisations to access patents, registered by poor people in one country. Capital rich organisations can "impart" the knowledge and register it in many other countries. If the form is changed just a little, and the idea stays the same, a new product can even replace the product of the first patent in the first country of registration. The same with copyrights. If copyrights do not settle automatically world wide, as promoted in the Berne convention, it is easy for the citizens of the United States of America (USA), which did not sign the Berne convention to impart copyrights, change it a little bit, register it in the USA and thereby, damage "creators'" rights according to the Berne convention. In my experience it actually happens; ideas are imparted to the USA and other first world countries, e.g. Netherlands, where imparted ideas are developed. The utilitarian development also happens, by stealing Intellectual Property from first world companies, and selling it to companies in China, for example.

Currently International Accounting Standards do not allow the recording of self formed Intellectual Property on balance sheets. That is primarily why i think Intellectual Property is not recorded properly. IPPAEX will change that, because brand tokens are backed by Intellectual Property. Recording will therefore be more important. The monetary values/amounts of Intellectual Property are included in the prices of shares listed on stock exchanges. The values/amounts are however not included on balance sheets if it was not purchased. The effect is, much of Intellectual Property is traded in the difference value between net-book-values as recorded on balance sheets and market capitalisations of shares, on stock exchanges.

How does it work in practice?

  • Honest people (Socrates's "gods and goddesses") form good ideas, due to true puzzle pieces in minds, making it possible to form new true puzzles.
  • Due to utilitarian philosophy and religion, the good new puzzles are imparted in the "Intelligence" systems.
  • Money is printed.
  • The printed money flows to those close to the money generating system, who are also well represented in the "Intelligence" systems.
  • Where the money and good puzzles come together, new development happens, primarily according to the Labour Theory of Capital. (The Labour Theory of Capital causes another big problem in that, people who convict in it, do not accept the reality that Artificial Intelligence causes unemployment. They want to solve problems of unemployment, with war, for example, because according to their convictions, each person must work at least 5 days a week. These convictions are seriously influenced by the Commandment in the Old Testament to work 6 days a week. Socialism and Old Testament convictions about labour, are closely related.)

IPPAEX changes this, because on IPPAEX, someone with good ideas can raise capital, to develop his own ideas. It happens when a "creator" issues brand tokens, backed by 48% of his goodwill. Goodwill is generally the word used to describe the difference between the net-book-value of a company and the market capitalisation. For organisations not listed on stock exchanges, the difference value is the difference between the going-concern value and the net-book-value of the organisation. Previously it was only possible to monetise the difference value, by selling a whole going-concern. How does it work in practice?

  • Someone with good ideas starts an organisation, if he can raise equity capital or debt capital. If he is a subject of "Intelligence" systems it is unlikely he will raise capital, because then he is a source of good ideas, whilst struggling to survive and whilst being isolated according to religious convictions.
  • The debt eventually cause liquidation and the people close to the money printing and "Intelligence" systems, take hold of the business, because of liquidation rights.

IPPAEX changes the above because issuing a brand token does not give liquidation rights to the holders of brand tokens. IPPAEX makes it possible to sell only 48% of goodwill. Previously only 100% of goodwill could be sold as part of a going-concern. Moyom (MYM) utility token, is the money of IPPAEX. Currently MYM can be bought at the minimum price possible of 0.000'000'01 ETH per MYM token. The idea is that a community develop the liquidity of the MYM tokens, for it, to be used in future to fund new brand tokens. MYM can thus be compared to fiat money and brand tokens to shares. The difference is shares are securities but brand tokens are not securities. Another difference is, MYM is not backed by the law, like fiat, being legal tender, which must be accepted in certain territories. Only a group effort can develop MYM. According to Intequinism, MYM is issued for minimum prices. IPPAEX is thus run, on minimum profits, which should benefit all its users.

A crux of the problems IPPAEX solves is, with increasing population numbers, more good ideas, than before, must be allowed, in order to prohibit wars. War is a solution according to Malthus's theory of population. His theory still influence many socialists/communists.

Another crux of the problems IPPAEX solves is, "creators" are treated more fairly by society. The negative effects of idolatry, on the lives of "creators" are less severe. This problem can be seen in many other problems, affecting society negatively, in false theories appearing, for example gender theories. I, for example have been unfairly disadvantaged with the criminal offence, crimen injuria, socialists/communists are guilty of, because they spread rumours that i am homosexual, as part of their slanderous methodology, they regard as competition. The criminal justice system cannot control it.

There is much complicated philosophy relevant, regarding "the-group" and "the-individual", legal systems are still struggling with explained in Intequinism. Intequinism is the foundational philosophy of Africahead and Divided Party, the two organisations, currently relevant, before other organisations and "creators" hopefully join the project. Joining the projects can happen by investing in Moyom (MYM) utility tokens, Africahead Ipparts (AFA) brand tokens and Divided Party (DiP) brand tokens. Joining can also happen by listing new brand tokens. New brand tokens can have any philosophy, within the law, as its foundation.

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Africahead is a copyrighted brand mark and the transacting name of a business, registered during 1999 in South Africa. The registered name is Moiom Close Corporation. The brand mark consists of the name Africahead and the map image of Africa.

Brand Tokens
Brand Tokens

A clear distinction can be made between brand tokens and utility tokens. Ipparts Exchange (IPPAEX) lists only brand tokens or in other words, tokens, contractually backed by Intellectual Property, which cannot be sold again in the future.

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