Viva Network

Viva Network

Created using Figma
Created using Figma

Last Update

May 26, 2018

Viva is a transformative financial technology that introduces globally scalable, peer to peer mortgage financing to the world. Viva’s Mortgage Platform and Tokenized Mortgage Exchange connect borrowers directly with lenders, while introduce liquidity, diversification, transparency and security to private mortgage investing, for the first time. Viva enables a free market to determine the rate of interest on a borrower’s mortgage and removes the need for banks and other financial intermediaries. By eliminating inefficiencies in local financial systems, mortgage rates will more fairly and accurately reflect the level of risk associated with the asset’s true value. The failure of the banking system in 2008 yielded the world’s first ever cryptocurrency and began the process of decentralizing the power held by financial conglomerates. Viva intends to finish the job – by leaving the inefficient, centuries-old financing system where it truly belongs: in the past.
Token Generation Event
Jul 20, 2018
Sep 23, 2018
43% completed
$2 010 092
100% goal completed
ongoing
  • 1 VIVA
    =
    0.008 USD
Token Details
Ticker
VIVA
Accepted Currencies
ETH
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
KYC
Yes
Company Details
Registered Country
Bermuda

About Viva Network

Viva aims to revolutionize the antiquated mortgage lending industry by cutting out the middlemen and decentralizing the process, thereby applying a fundamentally more accessible and transparent approach to financing. We believe that Viva’s technology will increase the availability of credit for borrowers and for the first time allow non-institutional investors to participate in the consistent, asset-backed returns associated with mortgage investments, a product that has traditionally been reserved solely for large financial institutions.

Furthermore, by allowing the free market to dictate the risk and associated value of each mortgage - as opposed to a bank - we expect to see more fairly priced mortgages. The Viva platform will be leveraged by those in the developed and developing worlds alike, thereby enabling the world to take a large step toward geographical wealth equality - by breaking down the barriers and leaving both parties better off.

Viva’s mission is to disrupt the mortgage industry by allowing home buyers and sellers to set the terms themselves. Any individual, from any country in the world, will have access to credit financing for home loans via a decentralized, open market network on the Viva Platform.

Additionally, Viva’s function as an investment and savings platform accessible with just a mobile phone means all users of Viva will have access to credit financing, a savings and investment account, and standard blockchain-backed secure transaction services - regardless of what country they live in.

Features

Each private mortgage underwritten by The Viva Network will be divided into 100,000 individual Fractionalized Mortgage Shares (“FMS”). These FMS are then submitted to the Viva Network Platform for crowdfunding and, if successful, they’re subsequently listed as active FMS securities on the Viva Platform’s FMS Exchange application. This will provide qualified VIVA token holders with the utility of being able to act as a crowdlender and purchase Fractionalized Mortgage Shares with their VIVA tokens.

The ‘Real Value 2.0’ app (“RV2”) is a proprietary, decentralized home valuation application that will be located on the Viva Network Platform and available exclusively to holders of VIVA Tokens. RV2 will utilize an incentive system to build and maintain a crowdsourced database of data-driven, unbiased market values of residential properties. Potential homebuyers will be able to earn and spend VIVA to obtain an unbiased appraisal on a home and receive a trustworthy valuation of the property. This information will inform and assist with their decision-making as they search for the perfect home.

V-Score, Viva Network intends to create an accurate and trustworthy credit score for members who create a credit profile with the V-Score application. This will be one of the final steps in completely decentralizing the mortgage process.

Technical Info

Technical Valuation Information Providers (”TVIP”) will input large amounts of data using various methods including data mining, scraping online data, or using large established and verifiable databases. For example, TVIPs may be incentivized to scrape Current Specific Home Data of homes currently listed for sale on Real Estate Agency websites and add it to the Viva Network (having secured any applicable permissions). TVIPs will not be required to add any subjective data as they are not expected to have physically viewed or toured the property beforehand. Therefore, TVIPs will be required only to input objective data (eg. Sq. feet, listing price, location, etc.). The data types that TVIPs will contribute will cover a broad range of information, as there are a great number of relevant data points that will be valuable to the valuation algorithms.

Roadmap

  • MAY 2016

  • Inception of original idea.
  • JUNE 2017

  • Exploration of blockchain ecosystem to identify suitable core technologies.
  • JULY 2017

  • High level, service-oriented architectural planning of the Viva Platform.
  • AUG 2017

  • Exploratory data and feasibility analysis.
  • Read More
  • NOV 2017

  • Developed the Real Value 1.0 Home Valuation Algorithm.
  • Q1 & Q2 - 2018

  • Launch of Token Generation Event and development of MVP. Initiate large-scale marketing campaign.
  • Q3 - 2018

  • Develop Real Value 2.0 Application. Obtain legal and regulatory licenses.
  • Q4 - 2018

  • Launch Real Value 2.0 application. Finalize proprietary ML algorithms.
  • Q1 - 2019

  • Begin incremental launch of the Viva Network Platform.
  • Q2 - 2019

  • Launch the Viva Network Platform and successfully crowdfund first home loan with Viva mortgage financing system.

Activity

Status:
Newbie Copper Member
VERY LOW
Activity:
16
VERY LOW
Merit:
0
VERY LOW
Posts:
4 373
VERY HIGH
Views:
48 633
VERY HIGH
Status:
Newbie Copper Member
VERY LOW
Activity:
16
VERY LOW
Merit:
0
VERY LOW
Posts:
4 245
VERY HIGH
Views:
46 027
VERY HIGH
Users:
1 014
VERY HIGH
Posts:
372
HIGH
Followers:
16 268
VERY HIGH
Likes:
15 659
VERY HIGH
Rating:
5
VERY HIGH
Reviews:
167
HIGH
Followers:
16 167
VERY HIGH
Tweets:
422
HIGH
Members:
20 501
VERY HIGH
Bounty & Airdrop Users Detected:
42.02%
Alexa
Rank:
505 437
LOW
Delta:
-2 010 339
Year commits:
10
Watchers:
2
Stars:
0
Forks:
0
Open issues:
0

Team

Verified 63%

Attention. There is a risk that unverified members are not actually members of the team

Chief Architect
verified
Chief Executive Officer
verified
Chief Operating Officer
verified
Chief Financial Officer
unverified
Chief Technical Officer
verified
Chief Strategy Officer
verified
Chief Marketing Officer
verified
Director of Public Relations
verified
Full Stack Developer
verified
Director of Business Expansion
verified
Financial Manager
verified
Assistant Architect
unverified
Real Estate Analyst
unverified
Digital Advertising Specialist
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Advisor
unverified

Former members

Todd Barclay
Advisor
Christian Fiddick
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As chief architect, I oversee our implementation of scalable and robust blockchain-backed decentralized web applications.
Nick Thomson
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm excited for this amazing project, this team, and the unfathomable potential it has to change the global status quo in the mortgage sector.
Benjamin Erichsen
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I help to oversee the day to day operation of Viva. Duties include: corporate communications, recruiting, compliance, and business development.
David Erichsen
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am the Chief Technical Officer and am looking forward for a chance to disrupt an obsolete industry.
Tarek Waked
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Viva has the potential to truly apply blockchain technology into a real-world applicaction.
Wilson Carter
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As CMO I have the unique and exciting challenge of communicating who it is we are and what it is we do, in some pretty revolutionary times. I am most excited to be able to help millions of families around the world gain access to fair mortgage financing in order to build their dream homes despite their nations political and economic climates. As well as helping to guide our fledgling blockchain industry into something that all the world and future generations can benefit from.
Katherine Masters
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Viva is a transformative financial technology company that will introduce large-scale decentralized mortgage financing. Viva’s innovative platform will utilize smart contracts to crowdfund home loans, connecting borrowers and investors within a decentralized, trust-less ecosystem. By leveraging ultra-secure blockchain transactions, Viva will cut out the middlemen, resulting in a lending process that is more profitable and efficient for all parties.

Viva will enable a free market to determine the rate of interest on a borrower’s mortgage and removes the need for financial intermediaries. By eliminating the impact of local inefficiencies, rates will reflect the actual level of risk associated with the asset’s true value.

The failure of the banking system in 2008 yielded the world’s first ever cryptocurrency and began the process of decentralizing the power held by financial conglomerates. Viva intends to finish the job – by leaving the inefficient, centuries-old financing system where it truly belongs: in the past.
Jeff Hooton
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Viva is a great idea for changing the way home financing is done world wide. I am a full stack developer with a focus on the website and product outside of solidity.
Blake Carter
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Viva is using Blockchain technology to give people all over the world the ability to own at home through affordable mortgage rates.
Alex Brown
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Viva is here to realise the vision of blockchain technology in the global mortgage financing space.

Last News

3.80

stable
5.0 11
ICO Profile Vision Activity Potential Product Team
Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

VIVA NETWORK is an innovative financial technology platform that introduces a large scale decentralized mortgage financing world connecting the borrowers and the investors directly.

PROS:

  • The platform promotes borderless and decentralized home loaning financing  which eliminates the  need of middlemen and financial intermediaries hence  making the user to easily  acquire assets
  • The platform creates a free market in the mortgage industry that enables easy determination of the interest rates  on the borrowers mortgages ensuring that its more fairly and accurately reflected at the level of risk associated with the assets true value hence eliminating inefficiencies within the industry
  • The use of Fractionalized Mortgage Shares  enables the platform to allow investors to crowd fund mortgages of homebuyers from anywhere in the World  making the process quicker and easier for home buyers
  • The platform provided unbiased and transparent ways of valuing residential  properties through the use  of RV2 that aids the homebuyer and sellers in the sale or purchase of a home
  • The platform easily protects the customers through a combination of  homographic encryption technique  retaining confidential information internally with  verifiability on block chain
  • The  platform is readily available and accessible with a mobile phone through its developed mobile application supported by Android  enabling the users to access credit financing, savings and investments accounts easily with secure transactions
  • The platform id managed by a good number of experienced team with related skills  and experience
  • The platform  white paper is properly detailed providing the borrowers and investor  information on the benefits of the project in improving the mortgage industry

CONS:

  • The platform Viva tokens doesn’t gives the holders rights to access future revenue and share of profits
  • The Viva tokens are not insured hence can easily lead to losses
  • The token holders loses the token permanently incase their private key is lost or stolen

SUGGESTIONS:

  • The Viva tokens funds acquired should be insured to prevent any loss
  • The Viva token should be made compatible with commonly used crypto currencies and fiat
  • The  platform should empower the holders by providing them with more incentives and rights on the platform

NOTE:

The use of the VIVA NETWORK platform enables the users to easily and securely acquire homes through their personal terms with the providers hence improving the mortgage industry. I would therefore invest in this project as it has higher projected returns.

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