VIAZ: PREVIEW
A sound banking system mobilizes the small and scattered savings of the community and makes them available for investment in productive enterprises. The question of institutional accountability speaks directly to another promise of cryptocurrency. With its capacity for programmability, a blockchain can enforce smart financial contracts. Recently, and into the future, blockchain technology such as the VIAZ Platform will solve issues of collateral management and guarantee compliance with capital requirements.
The VIAZ Platform will connect digital assets, equity, and fiat in ways not previously possible due to boundaries inherent in the traditional centralized banking space. The VIAZ Platform will bring the world closer by dismantling these boundaries and empowering individuals to take control of their own finances.
Viaz seeks to encourage its account holders to borrow fiat or crypto through using their tokens as collateral. Initially, Viaz tokens and Tezzies ("XTZ"), the native token of Tezos, will be the only accepted collateral. In the future, Bitcoin and various altcoins will be added to the platform.Once a borrower posts a loan, a smart contract is created by the platform and the loan is recorded on the Tezos blockchain ledger. Lenders will then have the chance to bid on the different funding opportunities depending on the interest rates. In cases where the lender wants to fund the loan at higher interest rates, they can do so and earn higher interest rates. The loan repayment by the borrower will be through the Tokens of the Viaz platform.Viaz automatically issues users with a fiat and crypto wallet once they sign up on the platform. Through the wallet, users could manage their portfolio and transfer funds on or off the Viaz decentralized platform.
VIAZ Benefits
Accessibility: The daily operations of the Viaz platform are more accessible compared to the traditional lending systems, as its features are compatible with IOS and Android operating systems. Therefore, users can use the Viaz mobile application from their devices free of charge.
Secure: The Viaz platform operates on the Tezos blockchain network that is financially secure, as it records all the transactions on its ledger that is not alterable or accessible by third parties. Similarly, Viaz provides users with a cryptocurrency and fiat wallet that makes it possible for them to securely store their funds, manage their portfolios, and transfer funds.
No Taxes: Compared to the current lending systems and institutions, Viaz will be less costly as borrowers will not have to pay taxes on the borrowed money.
Risk Free: For borrowers to post loan request on Viaz, they will have to pledge a certain amount of collateral. This protects the lenders from the risk of losing their money in case they default.
No Fees: Users are not required to pay any sign up, monthly or maintenance fees to Viaz. The platform will generate income for itself by deducting a small percentage from the interest on all loan repayments.
For more information, visit.
whitepaper : https://viaz.io/documents/Viaz-Whitepaper_EN.pdf
Website : https://viaz.io
Telegram : https://t.me/ViazOfficialAnnouncements
Twitter : https://twitter.com/ViazOfficial
facebook : https://www.facebook.com/viazofficial
Medium : https://medium.com/@ViazOfficial
Bounty0x Username: Mekahga
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