Viva - The Revolution of Mortgage Financing

Viva is a home loan financing platform 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. Viva concept was developed primarily for the purpose of reducing the disparity of interest rates among the nations of the world. Viva will allow users to earn investment returns with techniques similar to those employed by a traditional bank. Decentralized technologies will be used by Viva to develop 3 main sectors of the current mortgage process which are mortgage financing, residential property valuations, and credit scoring.

How Does Viva Work?

The platform is operated on a borderless and decentralized financing company for home loans that have been developed to eliminate the need to rely on middlemen like financial institutions and banks as well financial intermediaries. In order to create a brand new market in the mortgage industry, Viva will be used. The aim is to reduce the inefficiencies the industry has while making it more affordable to buy homes.

Private investors are permitted for the first time to buy high-end profitable, asset orient fractionalized mortgage shares. This also helps to innovate applications that have been designed to improve the current state and traditional credit scoring and appraisal procedures, often time outdated. The financial technology used in Viva is purposefully used to get larger decentralized loans to the people. The platform initiates smart contracts for use of funding home loans through crowdsales. And then it connects the investors with the borrowers p2p on the decentralized, trustless tech platform. The key to large transactions is strengthening the blockchain’s unbeatable security. Eliminating the middleman like Viva does, the loaning process becomes more profitable than ever before.

The company enables the free market to pick the going rate of interest a mortgage carries for the borrower. The need to have a bank or other financial service middleman is eliminated through the process and so are local financial institutions. Rates on the mortgage loans will naturally become fairer, reflecting the risk associated with it accurately in accordance with the assets true value. Viva started the process of decentralizing financial conglomerates power when the banks failed in 2008. Viva is now looking for ways to finish the process, thereby taking all power from the older, traditional and completely outdated financing systems – to leave them in the past, where they have belonged for a very long time.

Viva Token

VIVA tokens (“VIVA”) are Ethereum blockchain based ERC20 tokens, designed to provide utility within. VIVA will act as ‘in-app currency’ serving as an integral driving force for the incentive-based ecosystem.
💎 Token: VIVA
💎 ICO start date: 2018-04-01
💎 ICO end date: 2018-08-14
💎 Price: 1 ETH = 35,714 VIVA
💎 Platform: Ethereum
💎 Accepting: ETH
💎 Tokens for sale: 4.000.000.000 VIVA
💎 Minimum investment: 0.001 ETH
💎 Hard cap: 75,640 ETH

Token Distribution

💎 Token Generation Event Distribution - 75.00%
💎 Reserve Fund Allocation - 10.00%
💎 Marketing and Promotional Operations - 1.25%
💎 Private Contributions - 1.25%
💎 Bounty Program - 1.25%
💎 Advisor's Allocation - 3.75%
💎 Team's Allocation - 7.50%

Conclusion

The platform is being designed to revolutionize the real estate industry. VIVA is going to eliminate the middlemen in order to help the buyer and seller to profit more. At the same time, they are looking to end the old ways of operation in terms of mortgages and loans. VIVA is probably one of the better ICOs to keep an eye on at this current date and time.