Viva is a decentralized platform for providing mortgage financing for P2P. On the platform, the best interest rates will be formed and only with the help of supply and demand will the regulation of this mechanism take place.
Viva creates its own smart contracts with the help of which contracts will be concluded between investors and borrowers. At the same time, all mediators will be excluded from the interaction. Thanks to smart contracts and the mechanism of blockchain all contracts will be as safe and transparent as possible. Also, the system will be more profitable than the usual banking, as investors can earn more, and borrowers will be able to pay less. For example, if a deposit in a bank gives you an income of 5% a year, and a loan can be borrowed at 10%, then you can settle the rate to 7.5%, at which the investor will earn more, and the borrower will spend less. Especially this difference is felt by residents of countries such as Brazil, in which the lending rate can reach up to 45%.
The main features of the platform:
- use of blockchain and smart contract technology;
- the absence of intermediaries and almost limitless sources of credit;
- The possibility of owning shares in real estate lending for private investors;
- new methods for assessing property and lending.
Also, the platform will introduce artificial intelligence and machine learning to understand the market processes and provide recommendations on the classification of risks and selection of the mortgage portfolio. The development of AI will occur through the use of a huge database platform.
Tokens Platforms and their Sale:
Total issued 4 billion tokens, whose name coincides with the name of the platform – VIVA. The sale of tokens occurs in several periods with their bonuses. During the pre-sale bonuses will be from 40 to 30%. During the main sales – from 25 to 15% in the first and second round, respectively. In the third round, you can get the following bonuses, when buying for the amount of 1 to 2 aether – 5%, from 2 to 3 – 10%, from 3 and further – 15% of the bonus.
On account of the distribution of tokens, we can say the following: 75% (3 billion) of tokens will be sold during the ICO. 10% is allocated to the platform reserve. 7.5% allocated to the team, these tokens will be blocked for 1 year. 3.75% is allocated to project advisers. And 50 million tokens or 1.25% are allotted for marketing and promotion, private sales and bounty program.
At the expense of the project development plan, the following can be said: in May 2016, the idea of creating a platform appeared. In June 2017, a study in the field of blockchain for the selection of the best technology. In July – the layout of the platform architecture. In August – the beginning of research and analysis. In November, an algorithm for estimating the real value was developed.
In the first and second quarters, there is an ICO and marketing of the project, and a development version of the platform is also being developed. In the 3rd quarter – obtaining legal and regulatory licenses + development of the 2 version of the appraisal. In the 4th quarter – the launch of the above-mentioned application and the completion of the development of its algorithms for machine learning.
In Q1 2019 – the launch of the first version of the platform. In the second quarter of 2019, there will be a fully operational platform with the possibility of investors and borrowers entering it.
In conclusion, I want to say that such a breakthrough in real estate lending is a pretty big achievement. And this platform will be really useful for the majority of the population of different countries of the world. For more detailed familiarization with the platform, I advise you to read the information documents.