Viva is a decentralized blockchain based financial technology that brings revolution in mortgage financing systems of the world.
|Description||Viva is a decentralized blockchain based financial technology that brings revolution in mortgage financing systems of the world.|
|White Paper URL||https://www.vivanetwork.org/pdf/whitepaper.pdf|
|ICO Launch||2018/04/01 05:00|
|ICO Closing||2018/05/31 15:57|
|Token Platform||ETH (ERC20)|
|Funding Cap||25 Million Viva tokens|
|Coins Offered||70% out of total token supply|
What Is Viva?
Viva is a decentralized blockchain based financial technology that brings revolution in mortgage financing systems of the world. The platform intends to incorporate smart contracts for the crowdfunding of home loans thereby enabling investors and borrowers to connect directly within a decentralized, safe and secure ecosystem. The platform eliminates the need for a middleman by leveraging secured blockchain transactions making the lending process faster than ever before. At Viva’s platform, the rate of mortgage interest is determined by a free market and not by financial institutions or banks.
Viva is a blockchain based decentralized financial system that intends to change the way mortgage payments are done. By introducing blockchain technology, the platform has revolutionized the contemporary lending system. The platform eliminates the role of a middleman and enables concerned parties including investors and borrowers to come into a direct contact with each other. The mortgage interest rate is also determined by an open market and not by financial intermediaries. The platform is committed to bringing an end to all prevailing market inefficiencies thereby introducing an improved local financial system where mortgage rates are determined on an accurate basis to determine the risk level associated with the true worth of assets.
How Does Viva Work?
The mortgage industry is considered as one of the largest as well as profitable markets in the world that have a market cap of more than 31 trillion dollars. Unfortunately, these profits are currently restricted to large financial and banking institutions only and they make millions of dollars every year. Viva puts an end to this monopoly created by big fishes around. It introduces a complete decentralized mortgage financing system where investors and home loan applicants can interact with each other directly from anywhere in the world. Viva’s smart contracts integration enables investors to crowdfund home loan seekers in an individual capacity. It eliminates the role of expensive intermediaries such as real estate agents, banks, or any other financial institution.
Earn Viva Tokens
Viva will be offering its tokens following three rounds of pre-sale and crowd sale also called as a public token sale. The platform’s round one is currently in progress. Those who wish to earn Viva tokens may get themselves registered in the first round of the ICO. It is to be noted that people can also earn viva tokens in exchange for other digital currencies from supported exchanges all around the world.
Buy Viva Tokens With E-Wallets
The platform is based on ERC20 tokens. It accepts ethereum as it supported cryptocurrency for payments. Investors who plan to buy Viva tokens need to send ethereum to the platform in order to buy Viva tokens in return. Please remember that you need to have an e-wallet to buy Viva tokens because they are received in your e-wallets.
The ICO Distribution
The ICO has started offering its tokens. The planned date of the token sale of the ICO isn’t available on the official website of the ICO. However, as per the information available on the different third-party independent reliable website, the ICO tokens sale started off on April 1, 2018. The ICO is expected to last for about two months. It will end on May 31, 2018. There will be a total token supply of 4 billion tokens. In the round one, the ICO has defined a capping of 25 Million Viva tokens. The starting price of the VIVA tokens as per one ethereum is expected to be 1 ETH = 50,000 VIVA tokens.
The ICO plans to distribute its tokens under the following proportion;
- 75% tokens are planned to be distributed to the public during the crowd sale of the ICO
- 5% tokens are planned to be distributed to the team members of the ICO
- 10% tokens are planned to be distributed to the revenue funds department of the ICO
- 75% tokens are planned to be distributed to the marketing department of the ICO
- 75% tokens are planned to be distributed to the advisors to the Company
There is no information available on the official website of the ICO as well as in the whitepaper of the ICO concerning the prospected use of funds that the ICO will generate through its token sale. However, we can only guess that the ICO may allocate a proportion of funds between following departments
- Some funds may be allocated for the development of the platform
- Some percentage of funds may be used to offer reward and bounty programs
- Some proportional funds may be kept as a reserve by the ICO
- Some funds might be used to improve the platform’s infrastructure
- Some funds may also be kept separated as reserves
- Some funds may be spent on marketing and advertisement by the ICO
The ICO has following team members;
- Nick Thomson is the Chief Executive Officer at Viva
- Benjamin Erichsen is the Chief Operations Officer at Viva
- Christian Fiddick is the Lead Developer at Viva
- Tarek Waked is the Chief Strategy Officer at Viva
- David Erichsen is the Chief Technical Officer at Viva
- Wilson Carter is the Marketing Director at Viva
- Alex Brown is the Financial Controller at Viva
- Katherine Masters is the Director Public Relations at Viva
- William Lewis is the Director Development at Viva
- Kenneth Thomson is the Market Analyst at Viva
- Cameron Smith is the Social Media Manager at Viva
- Nikolai Paloni is the Branding Manager at Viva
- Jeff Hooton is the Software Developer at Viva
Invest In Viva
After a careful review of the ICO, we hereby conclude that the VIVA network is one of the best ICOs we have reviewed ever. The concept of the ICO is simple and practical. The ICO is going to be beneficial for the public on a larger scale. People will be able to have fewer mortgage payments. We believe the ICO is a good addition to the world of cryptocurrencies. We, therefore, suggest people should definitely invest in the ICO to try their fate.