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Last I heard there should be more trading in Vanguard and less of the soul bound/no drop/bind on equip type equipment. So closer to EQ1 in the earlier days before everything became NO DROP.
They have a different system where you will be able to be flaged for high end gear rather then making it all NO DROP. To use an EQ1 example, all of Nagafin's drops would be tradeable but you'd need to be flaged as having killed Naggy once before equiping any of it would give you any stats. That way you still have to earn the right to wear the gear and not just buy it but also can trade for it or hand it down after you out grow it.
They also have a bunch of item sinks in game to keep the world from getting flooded by these tradeable items. Some quests for example will require your old gear as a turn in to get your new gear. There's also some sort of alter system for sacraficing old items though I duno what you get in return, maybe buffs?
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