Mortgages are debts that use fixed assets as collateral. Company fixed assets, for example buildings, buildings, houses, machinery, land and ships.
Companies that need funds to develop are healing various efforts to meet long-term funding needs. Can take a way to increase capital, use the profits generated (retaired earnings) or with debt.
For the long term. In addition to bonds, mortgages or also known as mortgages are the types of debt that are most often used.
Generally, the creditor with a mortgage loan scheme is a bank. Of course with certain banking terms conditions that must be met if you want to get a mortgage loan.
Mortgage maturity is for a long period of time. Can be 15-25 years.
After the mortgage debt agreement, the creditor or lender will hold the ownership of the company's assets. But during the installments of debt and interest payments. Companies can still occupy, utilize, operate these assets such as the company's own fixed assets.
In this Era of Globalization we will introduce a very promising project as a trusted platform in everyday life. This platform is named VIVA NETWORK.
Viva is a transformative financial technology that introduces massive decentralization of mortgage finance in the world. Viva will use crowdfund-based smart home loan contracts, connecting borrowers and investors directly to a decentralized and insecure ecosystem. By using secure chain transactions, Viva cuts intermediaries, which leads to a more profitable and efficient lending process for all interested parties.
Viva allows free markets to determine borrower lending rates and eliminate the need for banks and other financial intermediaries. Eliminating inefficiencies in the local financial system, mortgage rates will be more just and accurate, reflecting the level of risk associated with the real value of assets. The failure of the banking system in 2008 led to the world's first cryptocurrency and began the process of decentralizing the power of financial conglomerates. Viva intends to get the job done - leaving the centuries-old financial system that has no energy where he actually was: in the past.
Viva platform
To get an overview of the architecture of Viva Platform Network, we describe it as another logical unit. This is basically a collection of several separate cluster systems, often interacting through the RESTful API, with events that can be checked for locking and smart contracts. The appearance of this component is intended for conceptual purposes only and will be fully integrated at the user level. The main system consisting of Viva Network Platform:
Vision
We believe that the most effective solution to the problem of global inequality in economic wealth is technical progress. Blockchain technology is innovation that has proven its ability to decentralize and destroy some of the largest industries in the world.
Viva aims to revolutionize the ancient mortgage industry by reducing the intermediary process and decentralization, so as to implement a more accessible and transparent financing approach. We believe that Viva technology will increase the availability of loans for borrowers and for the first time allow non-institutional investors to participate in stable income, rely on assets associated with investment in mortgages, products traditionally provided for large financial institutions. In addition, by allowing free markets to dictate the risks and costs of each mortgage - unlike banks - we hope to see a fairer price for mortgages. The Viva platform will be used by them both in developed and developing countries,
Mission
Our mission is to destroy the mortgage industry, allowing home buyers and sellers to establish self-regulation. Everyone from any country in the world will have access to loans for home loans through Viva's open, decentralized platform network.
In addition, the Viva function as an investment and savings platform that can only be accessed by mobile means that all Viva users will have access to credit, savings and investment and secure transactions supported by standard blocking services - regardless of the country where they are located. life
Viva FMS Application Exchange
After a mortgage loan has successfully completed its reverse processing using Fraction Mortgage Shares, it will be available for sale on the exclusive Viva FMS Application Exchange located on Viva Network Peron. This application will function like an online cryptocurrency exchange, and FMS will trade in a manner similar to a revised income guarantee. Investors will be able to use this platform to bid and query FMS.
This application includes data analytics, graphics and functionality tools that classify all FMS securities based on risk, returns, duration, IRR, etc. With individual portfolio recommendations and automation available to the average investor. In the Viva FMS Exchange application, investors can click on FMS and view individual information about:
Viva FMS Application Exchange
- Credit rating of lenders;
- Information about the borrower's creditworthiness includes: age, employment status, payment history, credit rating, income, other relevant financial liabilities, interest coverage ratio;
- Two standard risk algorithms based on rank (classification systems 1 and 2);
- All asset data includes: costs, address / location, size, age and quality of the physical structure, level of insurance of the homeowner, etc .;
- Standard requirements for Viva recommendations;
- All the terms of the mortgage agreement include: duration, yield, interest rate (and the date of the VIVA / USD exchange rate on this date), borrowing costs on basic objects, etc.
Crowdfunding home on blockchain
- Viva uses exclusive contract technology, smart technology, which will allow you to buy money.
- Unlimited & decentralized home loan financing will eliminate the need for payments to banks and other financial connections.
- Viva can be used in the mortgage industry - reducing inefficiencies and using more affordable homes.
- For the first time, Viva will allow investors to own a highly profitable and supported Mortgage Frequency Shares (FMS).
- Also featuring innovative applications, designed to improve the current & outdated process of Property Appraisal and Credit Scoring.
HOW TO WORK
DETAIL TOKEN
=> Hard Cap Event Token Generation: 3,000,000,000 VIVA tokens
Pre-sale
=> Hard-cap ETH: 6,870 ETH
Pre-Sales 1
=> Token bonus: 40%
=> ETH lifts hard-cap: 500 ETH
Pre-Sales 2
=> Token bonus: 35%
=> ETH lifts hard-stamp: 2,570 ETH
Pre-Sales 3
=> Token bonus: 30%
=> ETH Lift hard-cap: 6,870 ETH
TOKEN DISTRIBUTION
Total number of tokens: 4 billion VIVA
75% - Event Token Generation
7.5% - Team allocation
3.75% - Advisory Allocation
10% - Allocation of the Reserve Fund
3.75% - Allocation of Marketing, Bounty and Private Contributions
ROADMAP
May 2016 - Inception of original ideas.
June 2017 - Exploration of the blockchain ecosystem to identify appropriate core technologies.
July 2017 - manufacture of service-oriented architecture from Viva Platform.
August 2017 - Exploration data and feasibility analysis.
Nov 2017 - Developing Home Value Assessment Algorithm 1.0.
Q1 & Q2 - 2018 - Launch of the Generation Token Event and MVP development. Start the hands of large-scale campaigns.
Q3 - 2018 - Develop 2.0 Real Value Application. • Legal and regulatory licenses.
Q4 - 2018 - Launch the Real Value 2.0 application. Finalization of the exclusive ML algorithm.
Q1 - 2019 - Start the Viva Network Platform.
Q2 - 2019 - Launch Viva Network Platform and the first successful crowdfund home loan with Viva mortgage financing system.
TEAM
For more information, follow the link below:
AUTHOR : Letty sits
