VIVA _Creating an innovative ecosystem to increase the needs of the existing mortgage market
The home mortgage industry is the most valuable industry in the world because home needs are increasing. The problem here is that prices are also skyrocketing due to supply and demand imbalances in global markets. This is caused by several factors, such as land availability, global economic and political situation, profile of certain regions and so on. As a result, billions of people have difficulty getting a house, where certain individual groups have many homes with very high value. This clearly creates economic and social disparities because more and more people need a home, where fewer people can get a house with their own money.
Viva Network's innovative project is designed to ensure effective interaction between investors and potential mortgage users, in a decentralized environment. The work platform is based on the use of a block mechanism, which ensures transparent and beneficial interactions of the parties, as well as a high level of security from the operations carried out. Modern ecosystems will be made in accordance with the Ethereum platform, which will allow the relationship of the mortgage borrower on the Fractionalized Mortgage Shares (FMS) site.
VIVA represents trans-formative financial technology that introduces large-scale decentralization of mortgage financing to everyone interested worldwide. The Viva platform utilizes smart contracts for its crowd fund home loans, connecting borrowers and investors directly in a decentralized and safe ecosystem. By using an ultra-secure blockchain transaction, Viva interrupts brokers, so it has a more profitable and efficient loan process for everyone.
Also, by allowing free markets to dictate interest rates compared to traditional financial systems - we can be sure that we will all experience justice and transparency in mortgage prices. This is the way to achieve geographical wealth equality.
There is also a practical solution to this problem, which is a mortgage loan that can be given in a bank or third party such as a person or group of lenders spread throughout the world. This indeed provides a very practical solution for those who do not have large amounts of money to buy a house because houses usually impose a downward payment system that is very difficult to solve without proper financial preparation. Mortgage loans can be achieved in various ways, but the problem will soon follow, because the loan interest continues to increase and the financial economy of the community is more or less unstable to make changes in the global economy that can change at any time.
This can prove to be a disaster because a centralized market, if it fails, will affect thousands of other aspects and thus endanger the global economy. This was already the case in 2008, where the mortgage industry fell due to the inability of people to repay their loans, and thus destroyed most of the high-level American and European economies at the time. This is a very serious problem that needs to be overcome because the demands of the house will always increase, but the system built on it needs to be decentralized so that it is safer, faster and more reliable in the global market period.
The project team for the implementation of an ecosystem plan to create a unique FMS Exchange application, for the implementation of safe operations for the purchase and sale of all types of housing on the secondary market. Using mortgage shares on the Viva Network, will allow creditors to buy mortgage loans from customers who buy real estate in any city. The modern platform allows you to make simple and fast transactions.
In this case, every user participating in the transaction has free access to the real estate market. The possibility of using international arbitration opens up great opportunities for borrowers and investors. However, this is characterized by low interest rates and provides a real opportunity to get loans on favorable terms, which in turn will make it possible to get the biggest return on investment. As a result, of course all market participants will benefit.
The purpose of the Viva Network project
The main task of creating an innovative ecosystem is the need to increase the existing mortgage market, which cannot provide safe and efficient transactions. As a result of project implementation, a new platform will be created, enabling profitable, fully transparent and at the same time operational transactions, for sale and purchase of real estate. The main feature of this project is the new technology developed by Viva Network developers to finance mortgage loans. For implementation, infrastructure based on intellectual contracts is used. The perfect financial system makes it possible to ensure mutually beneficial cooperation between investors and borrowers from various countries.
APPLICATION FEATURES:
data analysis tools.
chart
-risk rating
-risk duration
-IRR and others
-portfolio and recommendations
automation
all available to the average investor.
The main advantage of the project
The main advantages of Viva Network are:
- The application of the latest technology, proved to be good. It is available for use on mobile devices running Android OS, through applications.
- Provides decentralization and at the same time financing free mortgage loans. That makes it possible to carry out all operations on purchases and sales without attractiveness from third parties.
- The ecosystem is a free market for mortgages, which provides transparency of transactions, which allows you to accurately see loan interest rates. Allows you to make the real estate industry more efficient and affordable.
- The use of packages fractionated for mortgages allows creditors to receive mortgage loans from buyers from any city in the world to buy real estate. This greatly facilitates and speeds up the process for buyers.
- The homographic encryption method used by this project provides a high level of security and data confidentiality.
- This project has detailed documentation, which simplifies the use of investors and borrowers.
- The benefit of the collaboration is received by each party participating in the transaction.
Exchange-Done through the Viva FMS application
As soon as the mortgage has completed crowdfunding using Mortgage Fractionalization Shares, it will soon be available for sale on an independent Viva FMS Application Exchange located on Viva Network Platform. If you are familiar with online cryptocurrency exchanges, this will not be much different from that. FMS will trade like a revised earnings guarantee. Investors will be activated to use the platform to buy or bid and sell FMS investments.
Viva as a solution for your housing needs
But that cycle can end with the emergence of blockchain lately. The Viva network is a solution for the troubled housing industry which now affects millions of people. There are many problems with housing problems such as:
- Prices are skyrocketing
The most important price at home is the main consideration for everyone who will buy a house. The price of a house is usually influenced by several factors such as the value of the land, the availability of public facilities, the type or size of the house and land, and various other factors that are too many to mention. But even the smallest and least desirable land still has a very high amount of money and it is very difficult to obtain. This platform provides a crowdfunding platform to people who need fast and save money to buy a house, and thus crowdfund will give money under certain conditions. This will interfere with the general business style where banks and third-party intermediaries come into play.
- Difficulty getting a loan
Even if the person can buy a house through a loan provided by the bank, access to the loan is very difficult and complicated. More and more underprivileged people have loans to pay for their homes, and thus make people less able to own a house. This is due to the fact that the banking system is interrelated and centralized so that it is very vulnerable if people fail to pay their home loans. Countless evidence has emerged to show how fragile banking institutions are, and thus make them a less reliable source of money to own. For your home mortgage.
- Assessment of the house
As a beginner buyer, they usually do not understand whether the type of house that is very specific is worth the money and their business so they end up buying a house that is too expensive and interferes with their financial ability. This is indeed very problematic because the housing industry does not provide tips or reviews on their economic situation, because their concern is only to conclude selling. The viva platform provides a very practical solution that is counseling or advising home buyers before buying a particular type of house. They also review the economic impact of the family so families can have a house without a clear risk in their minds.
The above issues are the most common problems that haunt the global housing market. This is counterproductive because the housing industry needs to sell their homes as quickly as possible where people are less able to buy homes day after day. This cycle needs to be disturbed, and this is what this platform does, to disrupt the status quo and make it easy for home buyers to get their money so they can own a house.
For more information, check the link below.
Website: http://www.vivanetwork.org/
Whitepaper: http://www.vivanetwork.org/pdf/whitepaper.pdf
Twitter: https://twitter.com/TheVivaNetwork
Facebook: https: // www. facebook.com/VivaNetworkOfficial/
ANN: https://bitcointalk.org/index.php?topic=3430485.0;all
Telegram: http://t.me/Wearethevivanetwork
By Audrey
Profile : https://bitcointalk.org/index.php?action=profile;u=913491
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