The Eternal Trusts protocol combines private and public blockchain technology ~ Smart Contract

kamilmil (25)in #crypto • 6 years ago

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Eternal Trusts

Nowadays, one of the methods to guarantee that a person’s legacy can have a lasting influence is setting up a trust fund, a special type of legal agreement that provides a trusted third party with the right to hold and spend assets according to a specific goal set by the trust settlor. The trustee services market has not experienced any radical change with the advent of new technology and is still based on centuries-old principles. Currently, it exceeds 20 trillion dollars under management. Although unlike Wills, Trusts allow their Settlors to protect assets from third-party claims and avoid probate, their legal structure is currently incapable of securely incorporating digital assets such as apps, cryptocurrencies and tokens. Moreover, the management fees involved are not affordable for most people, and the range of potential purposes is constrained by the limited expert networks that collaborate with trustees.

The Eternal Trusts protocol combines private and public blockchain technology to make traditional trust funds a thing of the past. The decentralized apps built on ET can serve as an effective, long-lasting financial instrument that will operate autonomously according to a complex asset administration scenario with the ability to add multiple beneficiaries. ET-powered apps can store crypto capital for centuries using the expertise of so-called networks of oracles -- groups of reputable, trusted parties in control of asset administration and rewarded for making optimal decisions. These networks are tasked with managing assets and seeking the best providers capable of performing the fiduciary purposes set by the dApp end users, be it supporting multiple generations of their offspring financially or contributing to a global charitable cause.

Partners

Purpose Of Eternal Trust
Eternal Trust aims to have enough capital from the trust to get every important product if the customer’s wishes can be achieved. The direction of a fixed discretionary asset before pursuing the fulfillment of an autonomous goal around the base of the builder’s annual inquiry is expected to acknowledge the goals set by your customer. This can really be an example whenever the providers required by your customers are all purchased. This expectation can exist for centuries and more time hunting opportunities do important activities to achieve the goals set by your customers.

How does it work?

The working mechanism of Eternal Trusts’ program is pretty simple. The company is simply looking to provide individuals a way to enhance their lifespan and quality of life. In the process of doing this, they’ll involve methods that are neither legal nor ethical at this point. Due to this reason, they’ll incorporate technologies like cloning, stem cell storing and DNA for treating several life-threatening ailments. As of now, most of these technologies are still in their nascent stage. As the bio medicine professionals work on these technologies, Eternal Trusts will act as a platform where people get an opportunity to request for such procedures when they are up for sale. The money will be saved in the form off ETT and it’ll only be used when the expert professionals (working on these technologies) have the relevant capabilities of meeting the patient’s requirements. The Trusts that are signed with the company will be directly kept in the blockchain so that the data isn’t breached and is completely safe. The Smart Contracts will use the blockchain technology through Eternal Trusts when the scientists working with the company make relevant developments in cloning, storing and utilizing stem cells as required by the customer.

ICO Details

Smart contracts and legal agreements with Eternal Trusts can only be paid using ETT tokens. Thus, only the owner of the tokens can buy the project, which can be purchased during the Pre-sale or the main stage of Token Sale. Pre-sale lasted from March 22 to May 30, 2018, with a cost of 1ETT = $ 0.01. During the Pre-sale, the company planned to raise $ 2 million. The main stage of Token Sale runs from June 1 to August 1, 2018. The minimum amount of funds raised (SoftCap) is set at $ 7 million. The maximum bar (Hardcap) at the time of publication of the article is not established. We accept Bitcoin, Ethereum, BitcoinCash, DASH, and Litecoin.

The Mission

Blockchain is here to stay. The mission of Eternal Trusts, as a cutting edge organization spearheaded by experts in blockchain and finance, is to revolutionize the centuries old fiduciary industry and make it secure, autonomous, transparent, flexible and affordable by creating the world’s first fiduciary crypto protocol.

The inherent qualities of cryptocurrency-based solutions allow us to design an innovative model of a Trust Fund which absolutely outperforms and outcompetes its traditional predecessor. We make this model available for integration to all trustworthy companies that provide financial services today.

Similar to the industry of fiduciary, the global vision of Eternal Trusts lies within the autonomous execution of a wide range of people’s objectives that can go beyond their lifetimes. It reflects the human desire for self-actualization and the pursuit of well-being. We believe that the hopes and aspirations of people living today should not vanish and be forgotten: it is important to preserve present generations’ financial, intellectual, and biological heritage and make it matter in the long-term.