Nowadays it is difficult to meet a person who would at least once in his life did not take a loan. The credit can be both big and small, nevertheless the principle of work at them very similar. All you do is come to the Bank, answer a bunch of different questions about who you work for, where and how much you earn, whether you already have loans, and whether you have a good credit history at all?! All these questions affect only whether you approve the loan or not. If you are lucky and you have approved the loan, do not rush too much to rejoice. Yes, you can and will buy themselves something they want, but give you will need for it with a vengeance.
Problems
I think you shouldn't take too long to explain that the whole traditional banking system is keeping us in a tight grip. At the same time controls our money and manipulate us as they want. It does not matter what level of your income, your money can suddenly turn into a penny if the Bank will release another batch of fresh money. But this is not the only problem that surrounds us every day. Many of us probably remember the crisis of 2008, when people suddenly wanted to cash out their money, which unfortunately the Bank did not have enough, as 2/3 of the savings of their customers they gave out on credit to other users. Thus, we once again make sure that the Bank manages our money as it sees fit and does not ask for our consent.
But that's not all. I think you have time to pay attention to the fact that now absolutely every transaction in the Bank charged a Commission that just costs us fabulous money. And I do not speak for the Commission of international payments. Which you unfortunately can not carry out while at home, and you personally need to go to the Bank to make your request. Yes, you will have to wait at least 5 working days for the payment to be credited. As you can see it is very long, expensive and extremely convenient. That is why the cryptocurrency industry is now actively developing, which is ready to make a qualitative revolution in the world of Finance. Giving all its users the necessary tools and privileges.
About the project
The project that we will consider today is called - VIAZ. The main goal of the project is to offer us a qualitatively new kind of relationship between the lender and the borrower. To this end, the founders of VIAZ intend to create a new decentralized, multifunctional and easy-to-use financial platform that is capable of providing various financial services.
At the same time, the main mission of VIAZ is the ability to use its cryptocurrency as loans. Thanks to this, the user will be able to invest the funds received to obtain even greater profits, and the borrower will find their desired loans.
All loans will be fixed by means of smart contracts Tezos. Why Tezos?! Because it is this blockchain that VIAZ developers intend to use in the future for the development of their own platform.
Design feature
In addition, the VIAZ platform will be equipped with its own wallet, which will be available to each user immediately after its registration. This wallet will allow users not only to increase the speed of transactions within the framework of this platform, but also to protect the user's digital assets from various hacker attacks and possible theft.
Plus, the founders of VIAZ plan to launch their line of Bank cards that will allow you to make payments around the world, wherever you are. Now there are negotiations with two major banks, after which it will be clear who will become the main partner of VIAZ. It is important to note that the user has the opportunity to choose the limits on their card. That is, it can be either a daily or a monthly limit on the withdrawal of Fiat funds.
Complement all this will be developed by VIAZ mobile application, which will be available for Android and iOS.
Advantages
The main advantage of the platform VIAZ before the traditional banking system is that the VIAZ would be to repay the monthly income to use the linear system of payments. This system is much better than the one used by banks (annuity payment). Why? Yes, because the principle of the annuity payment is early payment of the interest rate, and only then the body of the loan. The linear principle allows you to pay both the interest rate and the body of the loan, so that the borrower has the opportunity to repay the loan much faster.
For clarity, I propose to read the following figure, which shows the scheme of actions on the part of banks and the platform VIAZ:
As you can see the difference is palpable. At the same time, the user does not need to pay any registration fees or pay monthly maintenance of the platform after registration in the system. The only thing that the user will do after registering in VIAZ is to pay a small profit in tokens, which will go only to maintain the performance of the VIAZ system.
The details of the ICO
Tokens of this platform will have their own special role. First, they can be used as loans, and secondly, they can be sold within the framework of the VIAZ system. All these actions will be aimed only at creating liquidity for your coins and maintaining the activity of the platform itself.
As I wrote earlier, VIAZ developers will use the Tezos blockchain network. According to the founders, this blockchain meets all the necessary requirements and is able to provide the project with a powerful financial protection. Moreover, Tezos is a more powerful and modern system, relatively familiar to us Ethereum blockchain. In fact, it has plenty of advantages, but we will not focus on them much now.
Initially, all processes will be carried out with the participation of only XTZ token, but over time, the founders will add other cryptocurrencies, such as BTC and ETH. And another important point, after investors receive their coins, they will not be able to use them in the first 12 months. In order that all working processes on creation of this system could reach the final result.
The distribution of tokens after the ICO will look as follows:
Conclusion
At the end of my review, I want to say that there is still work on this project, because at this stage they have only an idea and a concept, as it should be. At the same time, I am pleased with the fact that they are well suited to the funds that will be invested in the development of this project. All spelled out to the smallest detail, what for and how it will be used. Therefore, I dare to assume that they will still fulfill their obligations and provide us with a quality system.
For those who want to get acquainted with the details of the project in more detail, I recommend to study their official resources and technical documentation, links to which I attached below.
Official resources of the VIAZ project:
