It's well known that banks can overcharge on mortgage fees making the dream of buying a car, pay for the university fees,... much more harder for the middle and low class. However, a project called VIVA with an upcoming ICO might be able to lift the burden of banks in short or the middleman in general.
1.What is Viva:
Viva is a project that aims to revolutionize mortgage financing as we know it, combining various aspects of both the blockchain and smart contracts. It is also a transformative financial technology that introduces large-scale decentralized mortgage financing to the world
The idea of Viva system is simple: home buyers and financiers (lenders) are directly connected via the platform, to allow the best possible deal peer-to-peer (borrower-to-lender) whilst bypassing banks.
Ambigious and lengthy legal contracts can also be minimized since all execution of repayments and borrowing will be handled via smart contracts. In essence, Viva aims to solve the home loan financing problems through decentralization.
2.Why choose VIVA?
First, we have to understand why Viva aim to tokenize mortgages as for
a)Homebuyers:
- Lower mortgage rates
Savings generated by circumventing local financial systems & fees are estimated to range between 20-40% of the total interest expense.
- Access to foreign capital
For the first time, Viva introduces foreign capital to mortgage loans, leading to more options and better deals for homebuyers.
- Fast, easy & transparent
By allowing a free market of lenders to decide if the mortgage is approved, borrowers can enjoy complete transparency in the loan approval process and completely avoid the old, cumbersome process.
- Hybrid, user friendly platform
Viva mortgage loans are paid with fiat currency and wire transfers, just like a regular loan.
b)Investors:
- Profitability
Introducing an entirely new asset class. Due to the efficient structure of FMS mortgage investment products, Investors can benefit from generating significantly higher yields relative to other, similar-risk profile investments (eg. Wall Street’s MBS).
- Safety & assurance
In the scenario of a default, all mortgage loans produced by Viva are guaranteed by private mortgage insurance policies (PMI) so international investors have comfort & assurance on their investment.
- Liquidity
Unlike other peer to peer financing systems, Fractional Mortgage Shares will be liquid and tradeable securities on the Viva Secondary Market FMS Exchange Platform. Solving the most important problem in the alternative financing arena.
- Complete transparency
Unlike other mortgage investments, FMS products enable investors with complete transparency – allowing investors to see all details of their prospective mortgage investment, while protecting the privacy of the borrower.
So as you can see, the benefits of what Viva has to offer is very high for participants
3.How do Viva operate:
Anyone who has ever had a mortgage loan will know that the process is not only long and arduous but also does not always have a very high rate of success depending one’s location and financial situation. Like many other ICO projects using the Ethereum platform, the Viva network was founded on the use of smart contracts. These contracts will serve as the formal agreement between lender and borrower, and ensure that funds only are released if certain conditions are met. This provides a much simpler and more transparent way of doing business. By using smart contracts on an international platform, not only will everyone involved save valuable time and money , they will also have access to a much wider pool of investors and lenders.
Viva will be used to create a brand-new market in the lending/mortgage industry. The purpose is to reduce the inefficiencies the industry has while making it more affordable to buy homes by eliminating the need to rely on middlemen like financial institutions and banks as well financial intermediaries
Viva is currenly open a MVP allow investors to get a glance about the process, be able to interact with others on VIVA's platform to truly understand this project
4.About VIVA ICO:
The current round is the main round in which contributors get a 25% bonus on tokens when they invest. The exchange rate right now is 1 ETH = 44,642 VIVA. There are significantly more details on the token generation on the company website. The main round will end on september 18th, 2018.
Also, anyone who is looking to invest may want to take a look at the roadmap placed on the company website. It has a full list of the vision and goal of the company and how they plan on achieving it. By keeping track of their progress in relation to their predictions, you can more accurately gauge how on point and effective the team behind the company is.
The overall rating is high as Icobench rated 3.6/5, icoholder rated 3.9/5, icomark rated 9.7/10.
ICOMARK
5.The Team:
There is a core team on the platform of sixteen individuals from various spaces related to the platform’s needs and other advisors like Dennis O’Connell, Stephen W. Thomson, Gilbert Darrell, Kishan Sudusinghe, Todd Barclay and many other -. All of them have verified LinkedIn profiles where you can learn more about the individual in question. There isn’t much information on the website for each person, but the LinkedIn profile links are more than enough for anyone want to learn more :
The core team
The advisors team
6.Conclusion:
So far, The Viva Network has done an exceptional job with their development. In fact, thay have answer questions about the project, you can take a look here They seemed to have thought about a lot of the most important aspects, have developed and brought on an extensive team and advisory panel, and could develop products that could change real estate regardless of whether their company becomes a household name. If you’re willing to be a believer and are in it for the long-haul, then this is a great ICO to explore. Plus, they have a pretty realistic idea of timeline development. Overall, take a shot with them if you feel this is the future of the mortgage industry; it could be well-worth the wait and the money.
Connect to them
Web: http://www.vivanetwork.org/
Whitepaper: https://www.vivanetwork.org/pdf/whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=3430485.0;all
Twitter: https://twitter.com/TheVivaNetwork
Facbook: https://www.facebook.com/VivaNetworkOfficial/
Telegram: https://t.me/Wearethevivanetwork
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Author: Khuongcute2503
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2080664