If I would have to describe Safe Haven project just with one word I would say: “useful”. Indeed it’s one of the most useful projects I’ve seen on ICO since a long time. And what’s the most important the idea they present is just unique. So, what is this all about?
Crypto currency inheritance
One of the differences between normal money and cryptocurrency is a high difficulty level in spending the last one. Right now, the number of goods possible to buy with smart contacts is limited, but not only. Crypto is also difficult to pass and what’s more to heritage. Or at least it was before Safe haven came with the idea how to protect future of ‘crypto owner’s’ family when he/she will be gone. How they want to make it?
Thanks to their TFC Share Distribution Key Escrow Protocol and the Trust Alliance program, seeds/private-keys/passphrases can be shared amongst stake holders or children in a transparent and secure manner.
How? By involving a third party, a registered member of the Trust Alliance Platform (notary), who can retrieve remaining share on the block-chain in order to pass the legacy towards children / stakeholders. But Trust Alliance Platform is just a part of the much more complicated system involving smart contracts. Below you can check one of the easiest schemes how funds flow can look like:
For these scheme explanation and much more check the whitepaper:
https://safehaven.io/files/SafeHaven_WhitePaper.pdf
Is there any other option how to use a Safe haven protocol? Yes, for example for the Investment Circle, which allows to share stakes in the equal proportion or The Business Continuity plan (BCP). Here you can find these and different models description:
https://safehaven.io/files/SafeHaven_Protection_Plans.pdf
Token:
Safe haven token called SHA is based on ERC20 protocol. Soft Cap for this project is: 3000 ETH, Hard cap = 25.000.000 $.
Below you can find some charts how tokens and funds will be allocated.
More information about the SHA token you can find here:
https://safehaven.io/files/SafeHaven_Token_Utilization_Architecture.pdf
With funds collected Safe haven is planning to build up a platform (Trust Alliance Platform) which will be a hub for block-chain specialized legal affairs and where legal entities will be able to offer their services and highlight their fields of specialization for potential clients. As I already explained TAP will be a key party in an inheritance process.
For today (09.03) there is no detailed information when ICO will start. Nevertheless, now it’s possible to buy some SHA tokens in a PreSale.
Website:
Whitepaper:
https://safehaven.io/files/SafeHaven_WhitePaper.pdf
Anna Hare
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