Introduction
Let's go to continue this blog with other project. First of all, for who missed previous entry, what's a cryptomoney? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launch campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way to win cryptocoins even if the market is as it is. Through this way you never lose money.
However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.
Today, the project I am going to present you is the VIVA Network, a decentralized ecosystem that connects mortgage borrowers with global investors within a cloud platform without borders and secured by a blockchain.
Presentation
Definition
As I said before, VIVA Network (VIVA) (http://www.vivanetwork.org/) is a fixed supply cryptocurrency that powers the P2P Fractional Mortgage Shares technology, which is the backbone of Viva Network's mortgage crowdfunding platform. For this reason, it is an innovative technology that uses Ethereum smart contracts to underwrite and securitize private home loans into Fractionalized Mortgage Shares which can easily be bought and sold on the Viva Fractionalized Mortgage Shares Exchange application.
VIVA is a transformative financial technology that introduces large-scale decentralized mortgage financing to the world. Viva's platform will use smart contracts to crowdfund home loans, connecting borrowers and investors directly within a decentralized, trustless ecosystem. By leveraging ultra-secure blockchain transactions, Viva cuts out the middlemen, resulting in a lending process that is more profitable and efficient for all parties.
VIVA is a transformative financial technology that introduces large-scale decentralized mortgage financing to the world. Viva's platform will use smart contracts to crowdfund home loans, connecting borrowers and investors directly within a decentralized, trustless ecosystem. By leveraging ultra-secure blockchain transactions, Viva cuts out the middlemen, resulting in a lending process that is more profitable and efficient for all parties.
Goals
First of all, , the main VIVA goal is to appear in several cryptocurrency exchanges, including at least one of the five most important exchanges at the end of the Chip Sale Event.
Basically, VIVA aims that the first mortgage be subscribed and successfully financed by the public using Viva Network Platform's Fractionalized Mortgage actions and collective financing of mortgages In a long-term development, what this network wants is to make The Viva Network a global name, fully decentralizing the mortgage process and eliminating the need for home buyers to seek financing in traditional banks.
Basically, VIVA aims that the first mortgage be subscribed and successfully financed by the public using Viva Network Platform's Fractionalized Mortgage actions and collective financing of mortgages In a long-term development, what this network wants is to make The Viva Network a global name, fully decentralizing the mortgage process and eliminating the need for home buyers to seek financing in traditional banks.
Benefits
a) By eliminating the inefficiencies of local financial systems, VIVA makes mortgage rates more fairly and accurately the level of risk associated with the real value of the asset.
b) The Property Compare tool will provide a more efficient means to evaluate your options when making a purchasing decision
c) Prospective Homebuyers will obtain the VIVA tokens acting as a Private Valuation Information Provider ("PVIP"), providing valuable data for the predictive valuation algorithms of the RV2 application.
b) The Property Compare tool will provide a more efficient means to evaluate your options when making a purchasing decision
c) Prospective Homebuyers will obtain the VIVA tokens acting as a Private Valuation Information Provider ("PVIP"), providing valuable data for the predictive valuation algorithms of the RV2 application.
How it works
a) A Homebuyer wants to buy a house
b) The Homebuyer uses Viva Network to finance the mortgage using investors from around the world.
c) Viva Network receives money from investors and distributes trust funds to Homebuyers.
d) Homebuyers send monthly mortgage payments in fiat to Viva Network, which distributes them to investors around the world.
Roadmap
Airdrop
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their whitepaper here (http://www.vivanetwork.org/pdf/whitepaper.pdf). You can also stay tuned in their official Telegram group (https://t.me/Wearethevivanetwork). I hope you liked the post and soon I'll send you new ones.
Extra details
Bitcointalk username: adriaparcerisas
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