"The root problem with conventional currency is all the trust that鈥檚 required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts "
鈥揝atoshi Nakamoto, Founder of Bitcoin
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning"
-Henry Ford
These 2 magnificent quotes show us the problems of the current monetary system. Possibly most of us are not happy with the traditional money and banking system. Who came to the rescue? Digital currencies of course. Governments can issue banknotes and digital currencies presented an alternative currency to offer people a decentralized solution; digital money. It is faster and safer and free from government intervention.
But what about banking? Since we now have digital currencies, why should we bother with traditional, out-dated institutions called banks? Can't we come up with a more modern and more convenient solution? The Ico that I am reviewing today is Viaz and it is just such a solution. Being a decentralized funding platform Viaz can be just the thing we need.
Can you guess the main mission of a bank? Take the money of the lenders and lend it to borrowers, being the middleman in that process, it earns a hefty sum. And that sum is taken from your pocket, as well as the tax that goes to the government. With Viaz you will be free of that 2 expenses. Because Viaz introduces prospective lenders to prospective borrowers and only charges a small fee to be able to sustain its development and functions.
It is worth noting that by the time Viaz token launches, the Viaz platform will have a working prototype. The betanet will launch before the token launch, and the launch of the mainnet will occur shortly thereafter.
Advantages of Viaz Ico:
Working prototype in progress: As I mentioned before, by the time the token launches, we will be seeing the prototype of Viaz platform.
Initial investors' tokens locked for 1 year: A fine precaution to keep the value of the token.
Team's tokens vested over 2 years: That is actually pretty important since it shows the confidence they have in the project and they are not easy quitters.
Mobile applications in progress: Without mobile applications, such a project cannot survive. Our phones are like our limbs nowadays, no less.
Initial funding received: Another guarantee about the foundation and prospect of the project.
In conversation with fiat partners: That will make the project best of both worlds. Not just digital currency arena.
First major Dapp on Tezos: Viaz uses Tezos platform and they are actually the first major Dapp to do this.
Fully decentralized: That is what we all crypto enthusiasts are looking for in essence. Very convenient and free.
Full-time developers: For a technical project like this, lack of developers would be a disaster.
As you can see in the roadmap, they are working on this platform since 2014!
As a crypto enthusiast, I really want a banking solution that works with cryptocurrencies. Viaz is a strong contender in that regard and I wish to see them succeed.
Viaz ICO Whitepaper = https://viaz.io/documents/Viaz-Whitepaper_EN.pdf
Viaz ICO Website = https://viaz.io
Crypto Nobility is sponsored by https://www.coinbookmarkbank.com | All the useful cryptocurrency related links in one place.
My Bitcointalk profile = https://www.bitcointalk.org/index.php?action=profile;u=963827
My Bounty0x username = WeltSchmerz
My Youtube channel = https://www.youtube.com/channel/UCZX8LenEAibUlqNeQLf6nsg/videos
*Disclaimer: None of this information is intended to be financial advice. This article shows my personal opinion and I advise everyone to do their own research.
