[Proposal setup] Proposal title

Please provide your proposal title

Inheritance Smart Contracts (Web3 and Real World)- GenWealth

[Proposal Summary] Budget Information

Enter the amount of funding you are requesting in ADA

96875

[Proposal Summary] Time

Please specify how many months you expect your project to last

8

[Proposal Summary] Translation Information

Please indicate if your proposal has been auto-translated

No

Original Language

en

[Proposal Summary] Problem Statement

What is the problem you want to solve?

Crypto Inheritance does not work. Current solutions are either complex, limit your control over your assets, introduce risks, or are not legally compliant.

[Proposal Summary] Supporting Documentation

Supporting links

• https://genwealth.app
,
• https://x.com/genwealth_app
,
• https://whitepaper.genwealth.app/docs
,
• https://www.youtube.com/watch?v=B3GIwvt1jCA
,
• https://genwealth-56d653c6151d.herokuapp.com/

[Proposal Summary] Project Dependencies

Does your project have any dependencies on other organizations, technical or otherwise?

No

Describe any dependencies or write 'No dependencies'

No Dependencies. We have the team with the needed skills to develop this smart contract suite

[Proposal Summary] Project Open Source

Will your project's outputs be fully open source?

Yes

License and Additional Information

GPL (GNU General Public License), which ensures any improvements to the code should be distributed in the same license, meaning they should be open source, and are prevented from being turned into proprietary software.

[Theme Selection] Theme

Please choose the most relevant theme and tag related to the outcomes of your proposal

Financial Services

[Campaign Category] Category Questions

Mention your open source license and describe your open source license rationale.

We chose the GNU General Public License (GPL) to ensure our code remains open source, transparent, and verifiable. The GPL requires that any improvements or modifications also be shared under the same license, preventing privatization, the creation of proprietary software and fostering collective progress. Since inheritance is a universal and sensitive issue, this approach builds trust, allows verifiability and higher security standards while allowing the community to benefit from ongoing innovation and improvements to the codebase.

How do you make sure your source code is accessible to the public from project start, and people are informed?

All code from this project will be published on a public GitHub repository under an open-source license with clear documentation

We’ll share progress, especially on smart contract development, via Twitter

Open-sourcing ensures transparency, peer review, and collaboration, key for a high-responsibility use case like inheritance

Anyone can verify, improve, and contribute, fostering trust and a community-driven approach to build a solution that serves both Web3 users and inheritance firms

GenWealth will use these smart contracts as the backbone to it's user-friendly Inheritance Dapp

How will you provide high quality documentation?

We have an experienced open-source developer who will lead the creation of the documentation for every milestone and smart contract delivered.

We will test the documentation with other developers in the space, to ensure the quality and clarity fo the documentation.

High-quality documentation is essential for expanding our contributor base and fostering long-term sustainability of the solution.

[Your Project and Solution] Solution

Please describe your proposed solution and how it addresses the problem

GenWealth will create a suite of smart contracts enabling a complete blockchain-based inheritance solution.

The architecture mirrors real-world inheritance processes:

• Users can create a will on-chain, assigning specific assets and leaving a certain share of the assets to multiple beneficiaries.
• Upon the will creator’s passing, beneficiaries can claim their share, and the smart contracts automatically validate compliance with the predefined rules.
• This suite of smart contracts will include additional features, such as crypto recovery, fractionalization, and executor permissions, allowing professional help when needed.

This architecture has been designed in collaboration with inheritance firms and professionals, ensuring that it:

1. Supports legally compliant wills for digital assets in any jurisdiction.
2. Is practical for inheritance firms to integrate into real-world estate management, reducing delays and lowering the current 3–10% execution costs in inheritance processes to around just 1%.

These contracts, create a strong competitive advantage for Cardano, by positioning it as a solution to catter to real world problems in a niche Industry, that moves trillions in value.

Thus suite of smart contracts, will be the backbone of the solution GenWealth is creating for Inheritance and Recovery.

Combining this with an intuitive user-friendly front-end we will take this solution to market starting with the Cardano and Bitcoin Ecosystem, and then expanding to serve real word Inheritance firms and professionals, which will leverage this technology to increase the efficiency of their Inheritance process.

Why This Is Urgently Needed

Crypto inheritance does not work, and GenWealth is here to fix it. Cases like Stefan Thomas, who lost access to $700 million in Bitcoin due to loosing access to the seedphrase, highlight a systemic issue, with 20% of Bitcoin’s supply lost forever due to missing recovery and inheritance solutions. Bitcoin shows us the roadmap for many other Blockchains, such as Cardano.

VanEck projects that $6 trillion in crypto assets will pass through the inheritance process in the next 20 years. At the same time, Merrill Lynch estimates $84 trillion in total assets will be inherited globally over the same period. Without a reliable solution, vast amounts of value are at risk.

GenWealth’s smart contracts directly address this gap by providing:

• A Plan B for crypto through smart contract based recovery mechanisms.
• Creation of a blockchain-based will, where you set rules for inheritance, enforced by smart contracts you control.

Open Source and Community Benefits

We’ve chose this open source approach, because while these contracts are useful for GenWealth they can be potentially very useful for other projects and individuals. This decision, will hopefully invite community review, security validation, and contributions, and ensuring:

• Continuous improvements from independent developers.
• A transparent, security-focused foundation for inheritance solutions.
• Integration of this solution by other Dapps and Usecases on Cardano
• The possibility to adapt the architecture for other asset management use cases on Cardano.

These smart contracts, will also play an important role to showcase the potential of Cardano for high-impact real world financial usecases such as Inheritance, where characteristics such as determinism and security are very valuable. Additionally, Cardano being a ISO 20022 compliant cryptocurrency, which means it is compliant with the messaging standard used by banks worldwide, enables seamless future integration with traditional financial institutions.

These smart contract suite, will be based on functional requirements gathered from cryptocurrency users and inheritance professionals during testing sessions of our first-generation inheritance DApp (https://www.youtube.com/watch?v=B3GIwvt1jCA)) . This ensures the solution is both user-driven and industry-ready, and solves signficant problems in a user friendly way, to increase the likelihood of adoption of the software

[Your Project and Solution] Impact

Please define the positive impact your project will have on the wider Cardano community

The development of these smart contracts will generate a legally compliant solution for Inheritance on Cardano, with the potential to be used both in Web 3 and in the real world by Inheritance professionals. They will serve as the backbone of GenWealth’s Inheritance and Recovery platform.

We will begin with the Cardano and Bitcoin ecosystems, where, according to the University of Illinois, an estimated $717 billion in assets are currently held in self-custody and at risk without effective inheritance mechanisms. But this is only the first step. Our vision is to expand into the real world by partnering with tokenization service providers, allowing inheritance firms to tokenize real-world assets and manage them directly through our DApp.

The long-term potential is significant. Over the next 20 years, an estimated $84 trillion in assets will pass through the inheritance process. Using our solution, firms could reduce execution costs from the current 3–10% to around 1%. Capturing even a modest 1.5% share of global inheritance flows would represent $63 billion in assets per year, driving substantial transaction volume and enabling a significant portion of real-world assets to be tokenized and managed on Cardano.

These smart contracts are a critical step toward realizing this broader vision. They also demonstrate Cardano’s ability to power real-world financial processes requiring high security, immutability, and integration with the traditional financial system.

By releasing the contracts as open source, we invite other firms and DApps to integrate inheritance capabilities into their own products, encouraging ecosystem-wide adoption and innovation while allowing for customized, use–case–specific implementations.

[Your Project and Solution] Capabilities & Feasibility

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

For the development of these smart contracts, we have the expertise of a highly experienced developer and his team, led by Leandros Holleman, who has developed and launched AnetaBTC V2, the largest Wrapped Bitcoin protocol on Cardano, and KeyPact (formerly BroClan), a multi-sig wallet solution on Cardano. He is also a pioneer in smart wallet technology, which will be a core component of the smart contracts we are building.

As proof of GenWealth’s ability to deliver, we have already created and deployed a first version of our DApp on Testnet (https://genwealth-56d653c6151d.herokuapp.com). This version was instrumental in gathering feedback from both crypto users and inheritance firms, which has directly shaped the design of our new smart contract architecture. More importantly, it demonstrated that a fully decentralized inheritance and recovery solution leveraging smart contracts is not only possible but functional.

From a feasibility standpoint, we are committed to achieving strong product market fit. That is why we are actively involving both crypto users and the inheritance industry professionals in our design and testing process, ensuring we fully understand the problem, overcome objections and hurdles, and accurately define the functional requirements for our final product.

Our team also includes members with direct experience in the inheritance industry, as well as in developing technology for this sector. We have conducted the necessary legal research to confirm the feasibility of our approach in real-world contexts.

Additionally, GenWealth is a part of the CV Labs Accelerator Program, giving us access to high-quality mentorship, strategic guidance, and resources to strengthen our go-to-market strategy and ensure the successful rollout of this technology.

[Milestones] Project Milestones

Milestone Title

Development of Smart wallet and Minting Contracts

Milestone Outputs

In this milestone, we will deliver two key smart contracts for our complete inheritance suite: the Smart Wallet Contract and the Minting Contract. Both will undergo internal testing, and we will produce the necessary technical documentation.

Smart Wallet Contract – Implements core wallet functionalities fully managed through a smart contract, enabling secure and programmable asset management.

Minting Contract – Contract for Minting your smart wallet and managing ownership permissions.

Acceptance Criteria

• Deliver Open Source Aiken Smart Contract for Smart Wallet on public github repository
• Deliver Open Source Aiken Smart Contract for Minting on public github repository
• Deliver Documentation explaining both Smart Contracts developed on tis milestone

Evidence of Completion

Link to GitHub with Smart Wallet Contract

Link to GitHub with Minting Contract

Link to Public Documentation for the Smart Contracts on Github

Delivery Month

2

Cost

25000

Progress

30 %

Milestone Title

Config Host, Attorney, and Inheritor Contracts

Milestone Outputs

In this milestone, we will deliver 3 of our smart contracts for our complete inheritance suite: the Host Config, the Attorney Contract, and the Inheritor Contract. All contracts will undergo rigorous internal testing, and we will produce the necessary documentation.

Host Config Contract – Allows to configure ownership and plan B for crypto recovery, giving a set of other wallets permission to recover the smart wallet.

Attorney Contract – Allows Smart Wallet Owner to set an attorney or an executor, along with clearly defined permissions for their role in managing the inheritance process.

Inheritor Contract – A Contract that allows you to define beneficiaries and the share of the assets they should inherit.

Acceptance Criteria

Deliver Open Source Aiken Smart Contract for Config Host Contract

Deliver Open Source Aiken Smart Contract for Attorney Contract

Deliver Open Source Aiken Smart Contract for Inheritor Contract.

Update the documentation to take into account these 3 new contracts.

Evidence of Completion

Link to GitHub with Config HostContract

Link to GitHub with Attorney Contract

Link to GitHub with Inheritor Contract

Link to Public Documentation for the Smart Contracts on Github

Delivery Month

5

Cost

37500

Progress

70 %

Milestone Title

Inheritance Asset List and Fractionalization Contracts.

Milestone Outputs

In this Milestone, we will deliver the final 2 smart contracts in our Complete Smart Contract Inheritance solution: the Inheritance Asset List Contract and the Fractionalization Contract. We will carry out rigorous internal testing, and we will produce the necessary documentation for these contracts.

Inheritance Asset List Contract – Smart Contract that allows you to leave specific assets to beneficiaries

Fractionalization Contract – Supports the division of NFTs and tokenized real-world assets (RWAs) into fractional shares, enabling compliance with inheritance laws and facilitating distribution among multiple beneficiaries.

We also deliver the final close out report and the final close out video for the proposal

Acceptance Criteria

Deliver Open Source Aiken Smart Contract for Inheritance Asset List Contract

Deliver Open Source Aiken Smart Contract for Fractionalization Contract

Update the documentation to take into account these 2 contracts and the Interactions between all the contracts that create this complete solution.

Final close out report is publicly available

Final close out video video is publicly available

Evidence of Completion

Link to GitHub with Inheritance Asset List Contract

Link to GitHub with Fractionalization Contract

Link to Public Documentation for the Smart Contracts on Github

Link to final closeout report

Link to final closeout video

Delivery Month

8

Cost

34375

Progress

100 %

[Final Pitch] Budget & Costs

Please provide a cost breakdown of the proposed work and resources

The average Web3 developer salary in Portugal is $8,750 per month (https://web3.career/web3-salaries/portugal))

We have secured an above-average developer for a highly competitive rate of $7,500 per month, which will be used for our cost calculations.

Milestone 1 – Smart Wallet and Minting Contracts

Deliverables: Development, testing, and documentation of two smart contracts, the Smart Wallet Contract and the Minting Contract.

Duration: 2 months

Cost: 2 × $7,500 = $15,000

Milestone 2 – Host Configuration, Attorney, and Inheritor Contracts

Deliverables: Development, testing, and documentation of three smart contracts, the Host Config Contract, Attorney Contract, and Inheritor Contract.

Duration: 3 months

Cost: 3 × $7,500 = $22,500

Milestone 3 – Inheritance Asset List and Fractionalization Contracts

Deliverables: Development, testing, and documentation of two smart contracts, the Inheritance Asset List Contract and the Fractionalization Contract. Final close out video and report.

Duration: 2.75 months

Cost: 2.75 × $7,500 = $20,625

Total Costs

Total USD: $58,125

Current ADA price (at time of writing): $0.70

Budget calculated with ADA = $0.60 to account for potential volatility

Total in ADA: 96,875 ADA

[Final Pitch] Value for Money

How does the cost of the project represent value for the Cardano ecosystem?

Taking into account the costs, this proposal will deliver a complete suite of seven interconnected smart contracts, forming a comprehensive inheritance solution that covers both Web3 and traditional inheritance processes.

We are developing this solution with very competitive wages in our region, ensuring below-average rates without compromising on quality, in order to maximize value for Money for Cardano.

Potential Impact on Cardano - Long Run

The impact in the long-run of these smart contracts, considering they are the backbone for GenWealth Inheritance solution, could be huge for Cardano. It could help secure 12.6 billion ADA currently held in self-custody. With Cardano’s broader efforts to become “the DeFi lawyer for Bitcoin,” these smart contracts could be the backbone of a use case that attracts substantial Bitcoin liquidity. Lost crypto is a major problem, with Chainalysis estimating over 20% of Bitcoin’s total supply is lost forever due to the absence of inheritance and recovery mechanisms. By securing even a portion of the $707 billion in Bitcoin held in self-custody, we could make a meaningful contribution to solving this problem.

GenWealth will leverage these open-source smart contracts to create a user-friendly inheritance solution for both Cardano and Bitcoin users. Designed with input from inheritance professionals, the contracts will also be applicable for managing real-world wills and estate processes.

Real-World Expansion

Inheritance firms could use our solution to manage traditional estates more efficiently. Merrill Lynch estimates $84 trillion in assets will pass through the inheritance process in the next 20 years.

Even capturing a small share would be transformative for Cardano, both in transaction volume and in tokenizing real-world assets (RWAs) as part of will creation.

This could position Cardano as a highly relevant backbone technology for a critical yet underserved real-world industry.

Adoption Incentives

For Web3 users, adoption is simple; our dApp works like a standard wallet, with the added benefits of recovery and inheritance capabilities through smart contracts. This lowers the barrier to entry, improves security, and prepares users for any eventuality.

For inheritance firms, blockchain technology offers immutability, streamlined updates to wills, and greater efficiency in locating assets, identifying beneficiaries, and transferring ownership. This reduces both delays and costs, which currently range from 3–10% of an inheritance’s value to 1%.

Ecosystem Benefits

Because the smart contracts are open source, other Cardano DApps can integrate inheritance-ready features into their platforms. Real-world firms can also build on these contracts to offer their own inheritance-related services, bringing more assets, users, and use cases onto Cardano.

Considering the short-term benefits, but also the long-term benefits of this proposal, compared to a low cost for all the work developed, it feels like we are delivering a very good value for money.

[Required Acknowledgements] Consent & Confirmation

Terms and Conditions:

Yes