GenWealth
GenWealth helps you plan and secure your crypto assets, ensuring they are managed according to your wishes in the event of unforeseen circumstances.
Billions of dollars in crypto assets have been lost due to the inability to reclaim assets in self-custody wallets when seedphrases are lost or the owners pass away. We provide a secure and trustless solution to ensure your assets are passed on to your loved ones.
Our dApp allows you to create vaults, which are sets of smart contracts that function like self-custody wallets, giving you full control over their contents. With a vault, you can define rules for asset distribution after you pass away. When you create a vault, you receive a unique vault address, a vault key, and you also set a deadline. This deadline can be extended periodically as a Proof of Life to confirm you're alive.
Within your vault, you can create subdivisions called pockets to allocate your assets. You can then mint corresponding pocket keys to distribute to beneficiaries. These pocket key tokens allow beneficiaries to claim their share of the assets from the respective pockets once you are unable to prove you're alive, which occurs after the deadline has fully elapsed.
With this dApp, your crypto assets can be reclaimed in a trustless manner after you pass away. This allows you to store your assets with peace of mind, eliminating the need to entrust your seed phrase to a third party. Your vault offers full control over your assets, functioning like a self-custody wallet but with added features.