Jul 1 2018
Introducing Viva, Solution For Your House Mortgage
House mortgage industry is the most valuable industry in the world since the need of the house is ever increased. The issue here is the price that is also skyrocketing due to the imbalance of supply and demand in the global market. This is due to the several factors, such as the availability of the land, the global economy and politics situation, the profile of certain areas and so forth. As the result, billions people are having a very hard time acquiring a house, where certain individual groups are having multiple houses with a very high value. This is definitely creating an economic and social disparity as more and more people need the house, where fewer people are able to acquire the house with their own money alone.
There is also a practical solution to this issue, namely the mortgage loan that could be afforded in the bank or the third party such as the person or a loan providing group that is scattered across the globe. This indeed provides a very practical solution to those who do not own a very large amount of money to purchase the house since the house usually imposes the down payment system that is very hard to be accomplished without the proper financial preparations. The mortgage loan can be achieved in a various way, but the problem will soon follow, as the interest of such loans is steadily increasing and the people financial economy are more or less unstable do the global economic change that could change in any minute. This leading to a very complicated and centralized housing market and mortgaging system that is now run by the government or the banking institution.
This could prove to be disastrous since the centralized market, should it fail, will affect thousands of other aspects and thus endangering the global economy. This already happens in 2008, where the mortgage industry is falling down due to the inability of the people to pay for their loan, and thus destroying most of a high level American and European economy back then. This is a very serious issue that needs to be tackled since the demands of the house will always increase, but the system that is built upon it needed to be decentralized so it is safer, faster and more reliable in the term of the global market.
For any further information you can access several links below:
https://www.facebook.com/VivaNetworkOfficial/
Viva as the solution for your housing needs
But the cycle could be ended with the rise of the blockchain lately. Viva network is a solution for the ever problematic housing industry that is now affecting billion of people. There is a lot of issue to the housing problem such as:
- The skyrocketing price
Prices in the most essential in the house as it become the major consideration of every person who is about to purchase a house. The price of a house is usually affected by several factors such as the land value, the availability of the public facility, the type or the size of the house and lands, and other myriad factors that are too much to be mentioned. But even the smallest and most undesired land still possesses a very high amount of money and that is very hard to come by. The platform provides the crowdfunding platform to the person who needs a fast and saves money to purchase a house, and thus the crowdfund will provide the money on certain conditions. This will disrupt the common business style where the banks and the third parties intermediaries are in play.
- The difficulty in obtaining the loan
Even if the person is able to purchase the house via a loan that is provided with the banks, the access to such a loan is very difficult and complex. More and more people are less able to have a loan to pay for the house, and thus making the people less able to have the house. This is due to the fact that the banking system is interconnected and centralized making it very fragile should the people are failing to pay for the loans of their house. Countless evidence has already emerged to show how fragile the banking institution is, and thus making it a less reliable source of money to have. For your house mortgage.
- The house appraisal
As the beginner buyer, they usually don’t understand whether a very specific type of house is worth their money and effort so that they end up purchasing a house that is too pricey and disrupting their financial capabilities. This is very problematic indeed as the housing industries are not providing the tips or the review of their economic situations, as their concerns are just to conclude a sell. The viva platform provides the very practical solution which is the counseling or the advice of the buyer of a house before buying a certain type of the house. They also review the economic impact of a family so that the family can own a house without any clear risk at their mind.
Those issues above are the most impending issues that are haunting the global housing market. This is counterproductive since the housing industries need to sell their houses as fast as possible where the people are less able to purchase the house day by day. This cycle needs to be disrupted, and that is just what this platform do, to disrupt the status quo and giving ease for the buyer of the house to gain their money so that they can have a house.
For further information related to the platform you can access the documents or the site below:
https://twitter.com/TheVivaNetwork
http://www.vivanetwork.org/pdf/whitepaper.pdf
How VIVA works
We have already seen the intro of the platform, but we will then as ourselves, how this solution is really working. This is the most natural responses to any kind of disruptive business type that happens globally. First of all, the main difference between the platform of the banking system are the terms of coverage. The banking system is a web of interconnected monetary agencies that is affecting one after another, and thus making it very fragile since the disruption in one side could have a significant impact on the other side, whether it is good or bad influences. Here are the procedures of the application at the first glance.
- Buyer propose a loan for a house
The most critical thing about purchasing a house is the loan itself, without it, so many people will just lose the ability to have a house in the oncoming years. The buyer will start proposing for a loan that is followed by several documents that are needed by the system for the verification needs. The document will be the debt, the income, or any related financial situation of a person that could be useful for the verification process.
- Verification process
Verification is the most crucial steps, as it will determine whether or not the person will have their money for the mortgage. The verification will include the professional assessment done by the team of the platform. The buyer will also directly redirected to the home seller, to provide any risk that could potentially reduce the value of the house. the home seller is also obliged to inform the buyer concerning the minor or major issues of the house such as reparations, damage, and so forth.
- Approval and appraisal
The approval of the platform is divided into two kinds, the conditional approval, and the final approval. The conditional approval is the first approval where the condition of the document have been met and the team is already approving the document to be further analyzed by the team in order to determine the fund that will be provided for the applicant. The final approval is where all kind of document is already assessed and all the condition has been met and thus making the applicant eligible to receive the fund from the platform. The appraisal is the process of appraising the true value of the house by the professional team of the platform. The appraisal process also includes the advice from the team concerning the house and so forth.
- Grading
After all sort of administration and assessment has been dealt with, the final process of the procedure is grading. Grading simply is the mechanism to grade someone financial capability that has been provided by the earlier documents. Grading will determine about the financial funds that will be provided by the platform by listing the applicants into the several grades that are available. within the system. There are ten grades from 1 to 10 and the applicants will enter one of the grades, and thus define any potential risk or changes in the term of the applicant capacity to pay the loan to the platform.
- Crowdfunding
After the grading process has occurred, the platform is now gathering the fund in order to give the applicants the money they need. After the money has been collected, the platform will receive a portion of the money where they can use it for paying the Down Payment that is required to purchase a house. the applicant then is responsible to pay the amount of money in a certain period of time, such 20 or 30 years according to their own grade. The money that has been paid by the applicants are becoming the crowdfund that will be used to fund more applicants, and thus the cycle continues.
The TGE and sales
the token that is recognized by the platform is the viva token, where the platform will provide as much as 4 billion tokens where it will be distributed in the following:
- 75% TGE
- 7.5% team allocation
- 3.75% advisors
- 10% reserves
- 3.75% marketing allocation
As for the sales of the token, typically there will be 2 main sales event that will be held by the platform, they are
- The pre-sales
The pre-sale is currently ongoing and will end in July 1st. The pre-sales or the first stage of sales will have the bonuses, just like any other platforms. The sales will be in 30 days, with ten days bonus bonuses changes interval. During the first ten days, the price will be 50 thousand tokens per one ethereum, meaning that the token will have around 40% bonus per sale. The second ten days will worth 35% bonus, meaning that the viva token will worth 48.309 tokens per one ethereum, and the last ten days will have 30% bonus, and the token is 46.511 worth per ethereum.
- Main sales
Main sales will occurs just after the pre-sales, the main sales will start at July 12th. And as for the main sales, there will be 60 days period or roughly two months of the main sales process. The main sales are also providing the bonus, though it is not larger than the early stage bonus. And unlike the first stage where the bonus is counted per 10 days, the bonus in the main sale is per quantity of the ethereal being sold. The first round of main sales will have 25% of the bonus after the 11.200 ETH has been contributed in the 20 days of the main sales. the second round will have 15% of the bonus, after the ETH that is sold reach about 33.070 ETH in the next 20 days.
To sum it up, here are the basic information concerning the sales.
- The cap of the first stage of the sales will be around 6.870 ETH. The first stage of the sales has occurred as we speak and will end on the 1st of July 2018.
- The main sales will be conducted just after the first stage of sales and will last 60 days.
- There are 4 billions of token that are being distributed to several parties, where the allocation has been covered above.
- The range of value is ranging from 50 thousand to the lowest around 35 thousand per one ethereum.
For further information, you can reach these following sites.
http://t.me/Wearethevivanetwork
https://bitcointalk.org/index.php?topic=3430485.0
Jul 8 2018
Wemark: A New Disruption In Photography Content Market
The Domination and Injustice
The market for photography content is being dominated by two big players who are the shutter cock and Getty Images. These two companies are charging the ridiculous amount of fee to the content creator, to the point where the companies are retaining up to 85% total value of one creation and leaving the photographer only a fraction of their profit. This is demeaning and degrading since the creator are struggling so hard to acquire the photos, and therefore should be rewarded more for their hard work. However, that is don’t happen since the companies decided to keep the profit high while the creator’s appreciation low.
There are many issues concerning the current photography market ecosystem. Here are some of the issues:
As we have stated before, the big companies are keeping most of the profits and thus leaving the creator scratching their head for such unrewarded effort. Unfortunately, there are no official statement or the system explanation concerning their form of business or their payment system, and it means that they keep the profit high is they want to make it high. This is outrageous and needs to come to an end as soon as possible.
Photography is not an easy task and an easy job. Photography is more like an art, rather than randomly flashing your camera to a random object. Sometimes, finding such object need a harrowing struggle, such as climbing the peak of the mountain, diving to the ocean, taking a very rare occasion photo, and so forth. Photography requires the high amount of patience and resilience and therefore need to be rewarded. However, unfortunately, the market didn’t allow them to have a great profit. Instead, they are just being paid with only a trickle of their hard work. This is indeed discouraging the entire photographer, and thus need to be changed.
This is the sad truth that is hampering the photographer. Once a creator uploads a picture to the image Getty or the shutter cock, they are the one who retains the right of the photos, and thus making them the sole controller of the price where the creator is kicked out of their place. This is sad since the creator knows how hard the photo can be taken, and thus they know how worth their pictures are.
What we mean by that is, the process of the pictures submission and the payment fee is mostly one-way process. It means that the process cannot interfere with anyone and anything, even the creator itself. Moreover, the creator doesn’t have any other alternatives since both companies are the only companies that pay them for their pictures, and therefore the creator must submit to this system regardless of what they feel.
Those are the existing issue that is cycling amidst the pictures market, and this is discouraging the content creator, which is the photographer. In this era of digitalization and information, it is time to set free the market of photography from the crippling ties of the big company and search for a new alternative that is more rewarding compared to the previous one.
For further information you can access the links below:
https://www.wemark.com/
Wemark As A Disruption In The Current Ecosystem
What we need more now is a disruption to open a hole in the market, and offering the new alternatives for all the content creator, and thus making them more rewarded for their hard work. Moreover, fortunately, such disruption is already emerged called the remark. Wemark is a blockchain powered startup that will try to pay more for all the photographer and to provide them the justice and transparency that they deserve. Here are several features of the wemark that we know about.
As with any other blockchain related startup, they are always decentralized. Both are determined not only by the companies but to all the user as well. In this context, the user is the creator of the photos that are selling their photos within the system. That is just how the blockchain works, which require the feed from the user for the transaction to occur. By this system, it means that the companies and the creator can appraise the photos and determine the prices tags per photos. Moreover, this is a revolutionary way since no other companies are implementing this system, except the blockchain powered companies.
Transparency is just what the creator want. They want to know how much their pictures are being charged, and what happens inside the system. They also want to know how they value their work and setting the prices per photos. Such occurrence did not occur in the old ecosystem, but it did happen in the wemark. The blockchain and the smart contract system will be applied to provide transparency to all the creator concerning what happens to their pictures once it has already entered the market.
Previously in the old ecosystem, the creator are stripped of their right and need to report back whenever they are already making profit outside the ecosystem of the companies. That is awful since the creator is removed away from their creation and thus leaving them clueless what to do with their photos since they are no longer have right to distribute it without the consent of the companies. That time is over since the ecosystem of the wemark is giving the right of the photos to the creator, which is obvious. It means that the creator can do whatever they want in their photos, which is also evident since they are the one who creates them.
The prices that are being set by the companies are high and unrewarded since they need to deal with the third man or the third parties, which is the company itself. You may think that the wemark is also the third party like the other companies, but that is wrong. Wemark provides the place where the creator and the market can meet and thus making the creator having more money and reward rather than only a fraction of money compared to the previous ecosystem.
Moreover, final, above all the benefits that will be obtained by the creator itself, is that the creator can trust the system since the system itself is running autonomously and unable to be manipulated by everyone or everything. It will scan your photos, where you can set the price range, and conduct the transaction directly to the buyer and so forth. No more companies interference, no, more one-sided and injustice companies decision.
So as for the process, it is somewhat natural and familiar. What you need first is to sign up by creating the account of the wemark platform. After you have successfully created the report for the platform, then you can start uploading photos to the ecosystem where you can set the range prices per photos, and then let the platform do the work, which is by displaying the images the world. It is an easy and straightforward process where it will benefit all.
For further information concerning the system and the platform, you can access the links below.
https://www.wemark.com/whitepaper.pdf
https://www.wemark.com/
The TGE and the Current Process Of It
The most distinct and distinct process of the startup platform is their TGE or token generation event. However, first, let we explain the usage of the token itself. The symbol is the primary currency that will be used to perform the various transaction within the system, such as receiving payment, and so forth. There will be no other currencies to be used inside the platform, just the wemark token. That is just a common market practice by the platform to ensure the value of their symbol.
As for the usage of the token, currently, the token will only be used for licensing and accessing the photos within the system of wemark. However, there will be several advancements of the usage of the token, such as the ability for the creator to hire the model, hire the lawyer or legal team, even selling their photos with token and receive the payment with token too. That will increase the practicability of the token so that it will be used outside the system also. However, since the token itself is preferably flexible and inside the ethereum system, it is possible to exchange the token to the flat currencies and gaining the reward since the token itself comes with the form of investment, just like any other token inside the ethereum system.
Also, as for sale, they are rather different from the rest of the cryptocurrency in the business. First, they provided an insufficient amount of information concerning the sale, but here what we know concerning their sale:
At first glance, we already know that there is a huge difference between this platform and the other. First, this platform is having a meager amount of the total token supply, which is about only 135 million token. Moreover, that is a dwarf compared to the other startup which is reaching for about billion of the total token supply. Also, the second, there is no division of the sales, meaning that they are only deploying one sale period, which interestingly called the crowdfunding rather than the main or the pre-sale just like any other platform. Also, when we look at the period of the sale, we know that the period is only roughly two weeks, not a full month period.
However, that seems not an issue since all the platform has their right to move and shape their own business. And thus this is advantageous for the platform since the token worth more dollars compared to the other token type. The price of the token is about 0.20 dollar per token, that is a very high value for such a token, where the other token is usually having more digits and thus lowering the cost of the token. This also means that the investment by using the token is rather prospective and valuable compared to the other token platform since the initial base value is already high. After the vesting amount of time has elapsed, you can exchange the token for the fiat currency and obtain more money in the process.
As for the token allocation, here is the proportion for each party:
This is another surprising fact about the platform. We can see here as the token allocation is lower compared to the reserves and the community reward. It means that the platform will concern the compensation for all the photographer to encourage them to use more photos and therefore to make the platform becoming more and more lively and accessible. This is hugely different from the other platform where they are portioning a considerable amount of the token in the token sale.
The reason behind this reason is that the customer still actually allowed to purchase the pictures using the flat currency such dollars. However, as the time goes, more and more services of the platform will be using the token only, and thus increasing their usefulness and rising their value. That is actually very different compared to the other platform where they don’t have a stable community, and therefore they don’t need to worry about the community reward, but once again, that is just what the varieties of business are.
If you are a photographer, it is natural that you want to make a living from your pictures and skills. Searching for a platform that will justly reward you is hard, and therefore you can choose the wemark for your business partner.
To know about the sale and the token, you can visit one of the websites below:
https://tge.wemark.com/
https://bitcointalk.org/index.php?topic=3347524
Social Media:
https://www.facebook.com/WemarkOfficial/
https://twitter.com/_wemark
https://t.me/wemark
By admin • Blockchain Technology 306 • Tags: benefit, business, cryptocurrency, ethereum, Getty Images, information, money, TGE, time, token sale