INVEST NOW at https://eternaltrusts.io/token
Mission
Hopes and ideas of people should not vanish and be forgotten with time: it is important to preserve present generations' financial, intellectual, and biological heritage and make it matter in the long-term. Nowadays, one of the few 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 for the benefit of the trust settlor.
Eternal Trusts combines hybrid intelligence and smart contracts to make the traditional trust funds and fiduciaries obsolete. It represents a decentralized and autonomous financial means to make a long-lasting impact. The "eternal" wallets of ET are built on a blockchain and can operate for centuries, turning to expert voting when needed to seek the best providers to perform the purposes set by their settlors.
Eternal Trusts combines hybrid intelligence and smart contracts to make the traditional trust funds and fiduciaries obsolete. It represents a decentralized and autonomous financial means to make a long-lasting impact. The "eternal" wallets of ET are built on a blockchain and can operate for centuries, turning to expert voting when needed to seek the best providers to perform the purposes set by their settlors.
How does it work?
This video describes how Eternal Trusts can fulfill one of the most extraordinary purposes - the purpose of life extension. It explains how Eternal Trusts are superior than traditional trusts and fiduciary services in providing more guarantees, autonomy and a wider range of purposes.
PROBLEM STATEMENT: THE TRUST INDUSTRY AND ITS ISSUES
PROBLEM STATEMENT: THE TRUST INDUSTRY AND ITS ISSUES
The aging population is expected to drive an unprecedented transfer of wealth between generations. According to the Social Welfare Research Institute at Boston College, more than $41 trillion of assets will be transferred between generations from 1998 to 2052 in the United States only. This process of wealth transfer is highly complicated and requires collaboration with trustees, lawyers, and estate planning agents to create wills, trust deeds, amendments, to register those documents with authorities and act upon them. Clients usually interact with a special kind of company called family offices to avoid dealing with multiple parties and limiting their point of contact to just one:
PROPOSED SOLUTION
The Platform
Eternal Trusts is a hybrid intelligence platform that manages and spends crypto-assets in line with preset long-term objectives. Eternal Trusts combines hybrid intelligence technology with smart contracts to make the traditional trust funds and fiduciaries a thing of the past. ET represents a decentralized and autonomous financial means capable of making a long-lasting impact according to your own futuristic scenario. The blockchain-based crypto wallets linked to the Purpose Execution Flow of the Eternal Trusts platform can operate for centuries, turning to expert-backed hybrid intelligence to seek the best providers capable of performing the grand purposes set by the settlors, be it supporting multiple generations of their offspring financially, contributing to a global charitable cause, or even extending their lives by preserving their biomaterial for the long-term.
Eternal Trusts solve most of the issues of traditional trusts:
● Much lower costs of incorporation and administration;
● Extensive range of purposes, including those that will become legal, ethical and executable in the future;
● Eternal Trusts exist solely in the crypto world as a decentralized autonomous organization and assets are shielded against regulations.
● Much lower costs of incorporation and administration;
● Extensive range of purposes, including those that will become legal, ethical and executable in the future;
● Eternal Trusts exist solely in the crypto world as a decentralized autonomous organization and assets are shielded against regulations.
The most commonly requested services on our platform so far are (in order of popularity):
1. Financial support for the family going forward
2. Dynasty support (including social support, healthcare, education for family members, as well as for those that are yet to be born)
3. Life extension, constant requests to oracles on the platform as to what current technologies of biomaterial preservation are most suitable in any particular case, in addition to algorithmizing actions with stored biomaterial (cloning, mind uploading, restoring brain after cryopreservation / chemical fixation)
4. Managing crypto assets until retirement (a pension plan)
1. Financial support for the family going forward
2. Dynasty support (including social support, healthcare, education for family members, as well as for those that are yet to be born)
3. Life extension, constant requests to oracles on the platform as to what current technologies of biomaterial preservation are most suitable in any particular case, in addition to algorithmizing actions with stored biomaterial (cloning, mind uploading, restoring brain after cryopreservation / chemical fixation)
4. Managing crypto assets until retirement (a pension plan)
Value for traditional fiduciaries
Our decentralized group of experts (oracles) in asset management, charity, trust management, life extension, pension plans, education, security can not only act on behalf of the client, but can also provide crowd assistance to traditional trustees in decision making. A Trustee that collaborates with Eternal Trusts and that uses the Purpose Execution Flow becomes more reliable, less biased and has more chances to take care of the client successfully.
Value for smart contracts template platforms
Our Purpose Execution algorithm can be easily integrated with platforms that provide smart contract templates, which stop being immutable and inflexible, but can adjust to changing conditions. Even the easiest cases like distributing crypto assets according to a will to a predefined set of crypto-wallets require additional checks (if the beneficiaries still have access to wallets, if they know how to use them, if new beneficiaries emerged, etc). Our pool of Oracles and solution consultants make this process way more transparent and flexible for the client.
Value to final clients
Those who understand how the crypto world operates in comparison to the offline world and who are willing to receive an algorithmized solution as to how crypto assets should be spent, can initiate the process of their own Purpose Execution Flow. In order to receive a packaged solution from Solution Consultants and observe the process of Purpose Execution Flow, they have to create their profile on the platform, set initial tasks for autonomous execution, set triggers as to when the platform should act, and pay the onboarding fee in Eternal Trusts Tokens.
Traditional Trust vs. “Trust on smart contracts”
Smart contract templates vs Hybrid Intelligence platform
THE MARKET
We believe that financial planning is crucial for every person, no matter whether they belong to the world of high finance, or the crypto community. We also believe in the extended long term growth of the crypto markets and the further tokenization of assets, which is particularly expected to become most prominent in the financial industry. Hence, before dividing our potential clients into groups in terms of their consumer behavior, we attempt to evaluate the market by the top-down approach, analyzing the data that can be found in open sources to evaluate the headcount of beneficiaries of value created by the platform. According to the Cambridge University research, there were 35 million crypto-wallets registered around the world by 2017 . This figure quadrupled since 2013. We use this estimate as an underlying basis for our 2 calculations, also mentioning here that the number of wallets has obviously soared since 2016 and with a given pace of growth it may reach 1 billion by the latter period of our planning time-frame.
OUR BUSINESS MODEL
In accordance with the Purpose Execution Flow, all clients are supposed to purchase and go through onboarding services with Oracles to get everything customized – this part of the business process is paid with the initial fee, to be adjusted by the DAO. Within the lifecycle of a product or service, the client pays transactional fees that may be of a different nature. It is recommended to purchase one specific service regularly, at least once a year – that is a revision of an investment strategy for the client’s assets. There are no more compulsory fees included in our financial model in order to keep it reasonably pessimistic and simple to verify. To sum up, there are three main sources of revenue. They can be 100% tokenized, i.e. paid by ET tokens, or can be paid as a part of the traditional management fee as a portion of Assets Under Management (AUM) in case of long term purposes:
● Yearly investment strategy revision of 600 USD ( reshuffle of asset managers in order to keep the investment strategy up to date. At least once a year is recommended, once a month is optimal)
● Acting on triggers, 600 USD worth of Eternal Trusts tokens for casting a new vote and acting according to a solution that requires the transfer of assets to a new crypto wallet
THE ETERNAL TRUSTS TOKEN
Smart Contract System Architecture
The ET Tokenomics
Many of those who have already bought the Eternal Trusts tokens are asking us about the basic factors that will influence and sustain its value during the growth of our platform.
● First and foremost, ETT is a based on the ERC-20 protocol, which is deemed the industry standard of smart contracts.
● Our token is highly multipurpose and is closely tied to our unique value proposition, as well as to every aspect of our business model. It is a utility token needed for all components of the Purpose Execution Flow and its value depends primarily on important platform KPIs and product metrics.
● The Eternal Trusts Token is a service token needed for launching the Purpose Execution Flow. It’s also a reward token for the Oracles of Eternal Trusts. In order to create disproportion of supply/demand on ET Tokens, Oracles have to hold a share of 10% of ET Tokens from each reward. The growth of the clients base is the primary foundation of the proportional demand growth of the token.
● All service providers have to hold a share of 10% of tokens to retain their rights within the ET Ecosystem and participate in the processes of the Purpose Execution Flow. The growth of the providers base is also a positive factor of proportional demand growth.
● As a crowdfunding platform for R&D missions demanded by the clients, we plan to attract 20% more crowdfunded projects than the previous year. This KPI will produce a gradually increasing shift between the demand for ETT tokens from crowd-investors and its supply for funded R&D-organisations.
● First and foremost, ETT is a based on the ERC-20 protocol, which is deemed the industry standard of smart contracts.
● Our token is highly multipurpose and is closely tied to our unique value proposition, as well as to every aspect of our business model. It is a utility token needed for all components of the Purpose Execution Flow and its value depends primarily on important platform KPIs and product metrics.
● The Eternal Trusts Token is a service token needed for launching the Purpose Execution Flow. It’s also a reward token for the Oracles of Eternal Trusts. In order to create disproportion of supply/demand on ET Tokens, Oracles have to hold a share of 10% of ET Tokens from each reward. The growth of the clients base is the primary foundation of the proportional demand growth of the token.
● All service providers have to hold a share of 10% of tokens to retain their rights within the ET Ecosystem and participate in the processes of the Purpose Execution Flow. The growth of the providers base is also a positive factor of proportional demand growth.
● As a crowdfunding platform for R&D missions demanded by the clients, we plan to attract 20% more crowdfunded projects than the previous year. This KPI will produce a gradually increasing shift between the demand for ETT tokens from crowd-investors and its supply for funded R&D-organisations.
The Token Sale
The Eternal Trusts tokens have been available for potential platform users since March 22, 2018. Eternal Trust Token is currently based on the Ethereum-based ERC-20 protocol, which is deemed the industry standard. However, there are plans to switch to the NEO-based NEP5 protocol, which provides a more improved set of features for such a hybrid, autonomous, and multi-chain system as Eternal Trusts. Eternal Trusts Token’s core functionality:
1. Eternal Trusts token is a utility token that enables transactions during all stages of the Purpose Execution Flow.
2. Our infrastructure is well positioned to become a kickstarter-like platform for launching the currently non-existent products and services required by our clients. We aim to facilitate funding collection events for appropriate projects.
3. Successful projects that raise funds on our infrastructure platform will be allowed to sell their services for Eternal Trusts Tokens as well.
4. Eternal Trusts will be paying for products, goods and services, necessary for our clients in ET tokens.
1. Eternal Trusts token is a utility token that enables transactions during all stages of the Purpose Execution Flow.
2. Our infrastructure is well positioned to become a kickstarter-like platform for launching the currently non-existent products and services required by our clients. We aim to facilitate funding collection events for appropriate projects.
3. Successful projects that raise funds on our infrastructure platform will be allowed to sell their services for Eternal Trusts Tokens as well.
4. Eternal Trusts will be paying for products, goods and services, necessary for our clients in ET tokens.
The purpose of Eternal Trusts Tokens
Storing clients’ long-term purposes on the blockchain, their autonomous execution using smart-contracts and Hybrid Intelligence, and the automatic search of optimal service providers to service the goals of the client.
THE ALLOCATION OF FUNDS
So join now and invest at http://eternaltrusts.io/en
Source- http://eternaltrusts.io/en
MORE INFORMATION :
BTT ANN THREAD :Website : http://eternaltrusts.io/enWhitepaper : https://eternaltrusts.com/docs/wpen.pdfFacebook : https://www.facebook.com/EternalTrusts/Telegram : https://t.me/eternaltrustsReddit :Bounty Bitcointalk : https://bitcointalk.org/index.php?topic=3137885
Authorized By:
My Bitcointalk account : jagadlangit
My Bitcointalk account link : https://bitcointalk.org/index.php?action=profile;u=1109252;sa=summary
My ETH address : 0xA2BFa48A6AfEFaBF498B6541f609E6cef4700D91
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