INTRODUCING THE VIAZ PLATFORM

INTRODUCING THE VIAZ PLATFORM

By EbriDan | EbriDan | 13 Jun 2019


 

The VIAZ Platform is a finance channel between the cryptosphere and fiat currency. 

Viaz is a decentralized platform, it connects users, linking prospective lenders to prospective borrowers

 

 #VIAZ is built on Tezos and developed on OCaml (a programing language used specifically for financial based projects). Tezos blockchain is the preferred choice as it has a self repairing ledger, this reduces the risk of a fork, and is great and most likely the best choice for building any platform that is targeted at the financial sector.

 

THE INTERESTING PART OF VIAZ

VIAZ is very interesting when you look at the targeted solutions it offers, for instance, there is the key retrieval system for cases of lost or stolen keys, the ability to stake your tokens and share the generated profits, you can even set reminders on transactions, and many more. 

 

 

*Staking and profit sharing

One of the best part is that you can stake VIAZ token, the staked token acts as collateral, giving you access to funds, wether you intend to burrow or lend, and following an applied terms and conditions, an amount will be issued as rewards for both the lender and burrower. 

A third portion of the VIAZ token will be burnt, another 1/3 of the VIAZ token will be retained by the VIAZ Platform, and will be used for further expansion, on-going maintenance, updates and other related costs, while the last part, 1/3 will be disbursed as monthly airdrops to Token holders. 

 

The Airdrop will be issued only to participants who received the tokens by Platform Related Actions (or “PRAs”) these actions are in two ways, first participants who uses VIAZ Tokens as collateral for loans will receive these airdrop. And secondly participants who trade tokens through viaz. 

In Additional, the users who utilize the native VIAZ token as collateral will enjoy a discount of up to fifty percent on loans service charges.

 

 

*Debit Cards and Automated Reminders

A debit card with a secured and quick access to funds will be issued to users, funds can be accessed quickly on the cards without the wait involved in wire transfers. 

Users can set and customize the types of alert to receive on transactions, the alert would be sent to users via their registered email and phone number, apayment reminders will be sent alerting a user of a loan that is due with information containing repayment date or information about the drop in value deposited token as collateral. 

 

 

*Decentralized P2P Funding and key Retrieval 

 

Loans, lending and burrowing negotiations, terms and conditions are made solely between borrowers and funders.

The borrowers and funders would be granted the ability to rate each other in an effort create a transparent and accountable community of VIAZ users. 

And in cases of lost or stolen identity, the Decentralized Account Identity, (DAI), gives end users ability to regain access to their on-chain identity through viaz smart contracts.

 

 

 

 

Most of the benefits would be to members who have passed AML and KYC policies and procedures and got the VIAZ token via the two PRAs mentioned above, the airdrop monthly distribution will be based on the number of Tokens used. New users would not have to pay for the services nor will there be any periodical deduction for any reason. Upon sign up, you get given a a crypto wallet and a fiat wallet, which is great for storing assets in whatever form you wish. 

 

 

 

For more information please visit:

 

Website: https://viaz.io/

Whitepaper: https://viaz.io/documents/Viaz-Whitepaper_EN.pdf

Facebook: https://www.facebook.com/viazofficial

Twitter: https://twitter.com/ViazOfficial

Telegram: https://t.me/ViazOfficialAnnouncements

Bitcointalk: https://bitcointalk.org/index.php?topic=5090552

 

 

 Bounty0x username: EbriDan 

 

 

 

 

 

 

 

  

 

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EbriDan
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