Viva: Mortgage With a Positive Attitude
Credit for a house is a painful topic for everyone who dreams of owning a home. Interest rates on mortgages are far ahead of the inflation, the document collection takes more than one month, and refinancing is a whole story with the documents. Will the blockchain help to simplify the housing loans?
Figure 1. Viva - a new view of the mortgage credit lending
Viva offers an international ecosystem for investors and owners of the mortgage loans. Viva is based on the FMS (Fractionalized Mortgage Shares), individual mortgage shares that are traded within the platform directly. Viva excludes intermediaries and removes the national borders - everyone can choose comfortable mortgage terms.
How Does Viva Work and who will Benefit From It?
The platform is based on a system of smart contracts that prescribe individual conditions for mortgage lending (or financing) for the parties. Developers have created FMS so that everyone could invest in real estate construction, choose the most favorable rate without long paperwork.
Figure 2. Viva's Functional for Investors and the Ordinary Users
Viva includes three components.
- Mortgage Financing is a tool for mortgage lending to individuals and investing in real estate for investors. Each user buys FMS, posted by a construction company on the global real estate market. The Financing module includes the FMS exchange, which represents the world housing market.
- Residental Property Valuations is an application RV2 (Real Value), which allows you to evaluate the house taking into account the market dynamics, location, and the characteristics. The object is assessed by an artificial intelligence with the machine learning technology: it is enough to pay several tokens to get accurate data on the cost.
- Credit Scoring is a credit rating system for users. Each participant registers a V-ID - a personal profile with a credit history. Data is available to other users on request, so participants are insured against unreliable projects or unscrupulous payers.
Viva works on the Framework - a structure that manages all user activities. The framework includes a system of verification (verification of the user identity on the basis of documents), verification of the property, a template of the mortgage loan agreement. Everything works by analogy with banks, but without queues, long waiting, the need to collect paper copies of the documents.
Figure 3. Advantages of Viva: reliability of the blockchain, open API, artificial intelligence, easy scalability
Viva Project Tokenomics
The developers have released 4 billion Viva tokens according to the ERC20 standard, 75% of them are planned to be implemented during the ICO, 10% will be a reserve fund, 7.5% will become the property of the team, and the remaining 7.5% will be divided between marketing programs and Viva advisers. Сейчас продолжается стадия Pre-Sale, токены продаются по цене 1,3 цента, к оплате принимается Ethereum.
The working MVP of the project is available on the official site, the developers plan to place tokens on the largest crypto exchanges. According to the Roadmap, the first working version of the application was released in November 2017 (the house evaluation function was available). The final version is planned to be released in the first quarter of 2019.
Website: http://www.vivanetwork.org/
Whitepaper: http://www.vivanetwork.org/pdf/whitepaper.pdf
TG: http://t.me/Wearethevivanetwork
Author on BitTalk: Melnikof https://bitcointalk.org/index.php?action=profile;u=1152502