ICO is coming: Lastwill — are they serious?
08/18/2017

Overview from the team kript.io


What is Lastwill: an electronic testament. Lastwill is a service for creating smart contracts on the Ethereum platform. You can use smart contracts to transfer funds to your reserved wallet that remains available if you lose your password or any other circumstances happen. If it, unfortunately, does, your funds will go straight to the address specified by you.
Project: via a mobile application or a website you create your own "lastwill" contract. It consists of three parts: wallets (to debit), wallets (to credit), and conditions that detail the situation of the precise date when tokens would be transferred. For instance, to transfer cryptocurrency to family members in case if the wallet has been inactive for a year.

Website: lastwill.io

Analog:
DigiPulse

How they differ from the competitors: besides a cryptocurrency transfer, you will also have an opportunity to transfer an encrypted information: PIN-codes, for instance, or send sensitive information in case of disappearance. When you create your smart contract, you also may choose confidants who can confirm/deny the occurrence of certain events.

How they want to make money: commission for services.

Market size: more than 15 million crypto wallets valued at over $129,7 billion.

What their token gives you: an internal currency of the platform.

Token price: 0,0005 ETH.

How much they want to make during ICO: min $3 million/ max $7,5 million.
Where the money will go after pre-ICO: salaries for developers, designers, lawyers, and other necessary specialists. From the beginning of an ICO-unknown.

Crew: Russian developers, creators of DDG — a provider of software development of mobile applications and sites for Danone, befree, the Government of Russia, and more.

Free tokens: will be given away for a signature campaign, advertising in social media, translations, and bugs in the application and the website.

Project status:
  • a demo version is already online
  • on March 15th, 2018 they will officially release the service with smart-contracts for your "testament" and an option called "forgotten password"
Communication: bitcointalk, github, twitter, telegram, slack, facebook

Date of ICO:
September 4th-26th, 2017

Information on the landing page:
★★★★☆
Disadvantages: probably you need to die for real to try and appreciate the service
How clear is the project: ★★★★★

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