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.
