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Ipparts Exchange

Cattle stock

Whilst Ipparts Exchange is not an exchange platform developed, specifically as envisaged, on an Africahead website, other exchanges are used to sell and trade tokens currently. This will change when enough capital has been raised to adjust open-source software, which allows transfers directly between wallets. Excluding the transferring of tokens between wallets and Exchange accounts, simplifies matters substantially, and removes the risks of hacking of Exchanges. Ethereum ERC20 standard tokens can be traded on many exchanges, without paying listing fees to exchanges. That has positive and negative implications for investors. Positively it means, independence, and consequentially, costs are saved. Negatively, it means, related to independence, tokens are not endorsed. Token economics are based on new theories, therefore investors should ascertain, they agree with the logic, whether tokens were endorsed or not. The economic theory of Intequinism, used for Africahead Ipparts (AFA) brand tokens and Moiom (MIM) utility tokens, was formed from maximalist capitalist theory, taught at universities. Adjustments made to it, primarily happened because of the negative effects of maximalist prices. Maximalist prices increase the gap between the rich and the poor, until the next revolution. History shows the maximalist theory exists 'almost' for as long as history is recorded. Revolutions are "as old as the mountains".

Non-revolutionary theories are not common. Communism, which also opposed maximalism, was a revolutionary theory. Apart from Intequinism, another non-revolutionary theory is Boserup's Population Theory. Meaning, Boserup argued it is not necessity, for the gap between the rich and poor, to reach unsustainable levels, followed by disasters, bringing population levels in line with available employment opportunities. Malthus's Population Theory, i.e., is a recent despotic theory, arguing, war is necessary to balance population numbers with jobs. Malthus's theory still has much influence among powerful people. According to Intequinism it is possible with minimalist prices, and free creativity (not sacrificing God), for population numbers and human enterprise to be balanced without revolutionary changes.

Currently Africahead runs Ipparts Exchange on the following exchanges:

TokenJar logo

LedgerDex logo

ForkDelta logo

Links to the offers on the exchange counters can be found at MIM's page, and AFA's page, listing AFA offers. The terms relevant to AFA is available at AFA's Terms page.

Only Africahead's two tokens are currently relevant. Africahead Ipparts (AFA) brand token monetises 48% of the Africahead brand value, in order to raise capital. Moiom (MIM) utility token also raises capital, but the purpose of MIM is not primarily raising of capital by monetising an asset. The purpose of MIM, is being a currency, to be used for payments. AFA is comparable to shares and MIM comparable to money. MIM will be used for payments on the Internet and elsewhere, whilst AFA will represent 48% of the brand value of Africahead. When Ipparts Exchange is developed, MIM will be used to buy other brand tokens, using Intequinism as economic theory.

The ERC20 token, Africahead Ipparts (AFA), cannot be compared to fiat currencies but an ippart is like a cent, 0.01 of 1. Ipparts tokens have only two decimal places. The quantity theory of money can be applied in conjunction with the supply and demand theory when valuing AFA.

Utility tokens, for example Moiom (MIM), usually have many decimal places because such tokens are valued with the supply/demand theory of money. It is not possible to determine the value of MIM by dividing a brand value by the number of token units, because there are too many units. Each token has 18 decimal places and the tokens, issued, do not represent a particular value, like brand tokens.

The word ipparts refers to intellectual property parts. International Accounting Standards prohibit the capitalization of most self formed Intellectual Property, on balance sheets, with accounting entries. Therefore the only way to capitalise goodwill is to sell it, and have others sharing in it. It is partly the reason for large differences between net asset values of listed stock companies and their market capitalizations. Ipparts Exchange will be an exchange for ipparts, of businesses, which do not have their intellectual property, monetised elsewhere. Let's say hypothetically a large listed stock company decides to list ipparts. Unless, shareholders agree to selling ipparts, representing their intellectual property, the company will have to issue all ipparts to existing shareholders, similar to a rights offer, because shareholders already own the intellectual property, with the value reflected in the market capitalisation.

Africahead also issues Moiom (MIM) utility token. The utility of MIM will be independent of Africahead, in the sense anyone can use MIM for their DApps. Africahead is primarily the issuer of MIM and will therefore control the value, by controlling the supply. Users will control the demand. Part of the utility will be on Ipparts Exchange, where MIM will be issued in return for other business's brand tokens. MIM will thus fund new startup businesses and businesses, which have their intellectual property not capitalised elsewhere.