Nice one. I still have another issue. Sorry for all these questions, i have an interest in your project and therefore all these questions. I want to clear all doubt.
If i am getting you right, inheritokens will have access to my tokens after no one comes to claim it,
How can i trust you not to do away with my tokens after i use your platform.
And for the charity, how will we know that indeed the money was sent to a charity and not used by team members for their own gains.
interesting! My project can do something similar to this. You can deposit your tokens into crypto notes, print them and put in your safe. If you die your heirs just need to cash out the crypto notes. Itâs pretty straight forward and trustless.
You will get the option to select a nominee for every token individual as well as for every token of yours if you are inactive for 6 months. However, you will receive a mail to disapprove the transaction.
Gracias por tu sugerencia.
Estamos pensando en la misma lĂnea para recuperar el dinero de la cuenta perdida. Sin embargo, no concluimos la soluciĂłn casi ideal para ello pero seguramente estĂĄ en nuestra hoja de ruta.
Nuevamente, gracias por su apoyo.
This is a very fantastic idea. In my opinion it solves more problem than just being able to claim asserts after oneâs death. Losing one private key or seed phrase can be solved with this! Revolution! Kudos to the team
Apologies for the late reply.
Thanks for asking the question.
So Inheritoken contract is not going to store your funds. It will only transfer the funds from your wallet to the nomineeâs âclaimable walletâ.
The initial approval given by the user is only to facilitate the transfer of tokens to the selected address.
Charity Wallet Addresses will be shown to the user beforehand.
Users can select the charity to which they want their funds to be transferred in case of death or loss of private keys.
So users will be provided with a showcase of all charity & their work.
Suppose, after 6 months have passed the nominee can claim the tokens. But unfortunately, the nominee is also not available or died an untimely death. Then after repeated mails and the next 6 months, the charity addresses selected will be eligible to claim these funds.
However, we are open to any suggestions that can improve the project.
Yes, the idea looks similar and interesting. However, we are not depositing any crypto or NFTs you are holding; the user just needs to approve it for the wallet they want to nominate. Also, we are more focused on the digital wallet; however, the crypto notes sound interesting.
How do you transfer the assets to the inheritor? You must have control of the funds (either through token approval or through knowledge of the private key of the account).
Whatâs the guarantee you donât just run away with the funds yourself? A dead manâs switch like this makes NO sense if the server is centralized. Unless youâre using decentralized & private compute (extremely difficult!) this architecture makes no sense at all.