[Proposal setup] Proposal title

Please provide your proposal title

Your Self-Custodial Blockchain Will on Cardano - GenWealth

[Proposal Summary] Budget Information

Enter the amount of funding you are requesting in ADA

97250

[Proposal Summary] Time

Please specify how many months you expect your project to last

9

[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 asset, introduce risks, or are not legally compliant. Traditional Inheritance has high costs.

[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 an internal team that will develop this solution

[Proposal Summary] Project Open Source

Will your project's outputs be fully open source?

No

License and Additional Information

No, while we plan to open source the smart contracts, we won’t open source the front-end code right away.

[Theme Selection] Theme

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

Financial Services

[Campaign Category] Category Questions

Describe what makes your idea innovative compared to what has been previously funded (whether by you or others).

We developed an MVP of our Inheritance DApp (youtu.be/B3GIwvt1jCA) and tested it with Cardano users and inheritance firms to understand their challenges. Based on feedback, we’re building a redesigned version with DeFi integration, executor permissions (to draft wills without asset access), and a user-friendly, law-compliant architecture. This is an unique approach, as our solution bridges Web3 and traditional estate planning, enabling secure management of inheritance both for digital and real-world assets. Enables the usage of this solution by insurance firms in the real world.

Describe what your prototype or MVP will demonstrate, and where it can be accessed.

We will develop a prototype of the final front-end for our application, incorporating customer feedback and leveraging the new architecture built from the functional requirements identified during testing of our initial simplified solution.

Starting with this prototype allows us to gather user feedback early, confirm that critical product requirements are met, and make targeted improvements before finalizing the smart contracts and developing off-chain code. This approach reduces development risk, ensures a user-centric design, and accelerates delivery of a high-quality final product.

Describe realistic measures of success, ideally with on-chain metrics.

Prototype Scope – Short Term:

• Deliver full front-end,
• Run usability tests (25 crypto users, 10 inheritance pros),
• Validate core features, and identify high-impact UX improvements

Long-Term Impact:

• Secure 1.26B ADA (10% of 12.6B held in self-custody)
• $35.35B in Bitcoin (5% of $707B held in self-custody) on Cardano
• Potentially attract 1.5M Bitcoin users (5% of 37.1M) to Cardano
• Capturing 1% of $84T in global inheritance flows over the next 20 years could bring $840B in tokenized assets to Cardano, plus respective transaction volume.

[Your Project and Solution] Solution

Please describe your proposed solution and how it addresses the problem

Crypto Inheritance does not work, and GenWealth is here to fix it. The story of Stephan Thomas, a crypto user like you and me who lost access to his seed phrase and, with that, lost $700 million in Bitcoin, is just one of many.

In fact, around 20% of all Bitcoin supply is estimated to be lost forever due to the lack of effective recovery and inheritance solutions. This is not just a Bitcoin problem; it’s an issue faced by nearly all blockchains, including Cardano. Bitcoin’s history shows us both the scale of the problem and the urgent need for user-friendly, secure solutions for Inheritance and recovery.

VanEck estimates that $6 trillion in crypto assets will pass through the inheritance process over the next 20 years. Without reliable solutions, much of this wealth risks being lost. GenWealth is building that solution: a crypto inheritance and recovery DApp that leverages smart contracts, to empower you to define your own inheritance rules and create a “Plan B” for your crypto.

How GenWealth Works

For inheritance, you can create a blockchain-based will where you can set rules, define beneficiaries, assign specific assets for a beneficiary, and/or leave them a certain percentage of your assets. When the time comes, Beneficiaries simply connect their wallet to claim their share.

For recovery, you can set “safety wallets” you control and define an inactivity deadline. If triggered, these safety wallets can be used to regain access to your assets. All of this is completely self-custodial: you connect your wallet to the DApp, and smart contracts handle the rest, without intermediaries.

We have already launched an initial solution (https://www.youtube.com/watch?v=B3GIwvt1jCA) tested through one-on-one sessions with cryptocurrency users and inheritance firms. These firms want to use GenWealth to manage real-world inheritances, considering the potential to reduce Inheritance execution delays and costs, where currently, the manual process can consume 3–10% of an inheritance, and commonly takes several months up to years to be completed. Our solution also reduces the cost of updating wills and provides a more secure, accurate record of the deceased’s wishes.

Our Vision

We aim to work with inheritance firms to create a flexible solution that serves both Web3 and real-world traditional estate planning. Merrill Lynch estimates that $84 trillion in assets will pass through the inheritance process over the next 20 years. Even capturing a small fraction of that could make inheritance simpler, faster, and more affordable for millions of people worldwide.

Our solution for inheritance firms will include the DApp, an interactive calculator that pulls blockchain data to streamline compliance, and integration with tokenization solutions. This allows firms to tokenize real-world assets on Cardano and manage them directly through the platform.

Why This Proposal Matters

From our first round of testing, we identified the need to redesign our architecture to meet key functional requirements from both crypto users and professionals in the long run.

Instead of deploying our initial version to mainnet, we are building a new version with future-proof architecture that supports critical features such as simplified DeFi integration and executor permissions, which allow professionals to verify and manage wills without ever controlling user assets. ( Find more here:https://docs.google.com/presentation/d/1ApMOt_d-P30g3_wgHSd-BMw8C7xTsrhGuDMGt4BImgM/edit?slide=id.g3365b371678_0_75#slide=id.g3365b371678_0_75) )

This concept proposal will fund the development of a complete front-end based on the new architecture, enabling further testing with crypto users and inheritance firms. This will allow us to validate requirements, refine the user experience, and ensure the architecture is solid before committing significant resources to smart contract and off-chain development.

Here is our long-term roadmap:

Why Cardano

Cardano’s technology is ideally suited for this use case. Built in a functional programming language, it offers both high security and reduced potential for bugs, essential for financial applications. Cardano has operated continuously for over seven years, is designed for individual responsibility and empowerment, and is ISO 20022 compliant, the same messaging standard used by banks worldwide, enabling seamless future integration with traditional financial institutions.

This proposal represents one small but vital step toward a much larger vision, securing the future of inheritance and recovery on Cardano. Your support will help make that vision a reality.

[Your Project and Solution] Impact

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

**Medium-Term Impact **

Our goal is to launch a self-custodial inheritance and recovery DApp on mainnet, an essential tool as blockchain adoption matures. We believe the solution will be widely adopted for it’s ease of use, self-custodial properties, high-security by leveraging your wallet signature, and for being compliant with inheritance law. Similar to a wallet, you have all control over your assets, but you can plan for Inheritance and recovery, two crucial additional features.

The medium-term potential is substantial. With ADA’s circulating supply valued at $36B and 35% of holders self-custodying their assets (University of Illinois), there is approximately $12.6B in ADA potentially at risk. Capturing just 20% of that market would mean securing $2.52B in ADA against loss.

Cardano has 4.8 Million wallet addresses, if only 10% of the wallets, use GenWealth, 480 000 wallets, would generate around 17.28 Million transactions related to Inheritance and Recovery.

Long-Term Impact

Over time, we will expand GenWealth’s capabilities to integrate with Bitcoin DeFi and,most importantly,serve real-world inheritance firms.

Bitcoin has a huge “lost assets” issue, with 20$ of the supply lost forever due to lack of Inheritance and Recovery mechanism. In that ecosystem, over $707 billion is held in self-custody. Capturing even 5% of that market represents $35.35 billion in bitcoin secured on Cardano, plus the potential of bringing 1.5 million additional users.

Securing even a 1.5% share of global real-world inheritance flows could represent $63B in assets per year being moved on Cardano. Beyond transaction volume, this would catalyze large-scale tokenization of real-world assets on the network, creating lasting economic activity.

Short-Term Impact

While the immediate impact of this proposal will be more limited, focused on a specific component of the larger solution, it will lay the groundwork for the medium and long-term vision. This stage will also serve as an important bridge to begin engaging inheritance professionals and firms, demonstrating the design, functionality, and value of the final product.

By supporting this proposal, we move one step closer to delivering a solution that will protect billions in assets, drive tokenization of real-world value, and position Cardano at the forefront of secure, cheap, and fast asset inheritance. We know it's an ambitious vision, but we are willing to dream big, and work hard to make it happen.

[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?

Regarding feasibility, it’s a priority for GenWealth to achieve a strong product-market fit.

To ensure this, our development approach prioritizes building the front-end first, enabling us to test it directly with our target users (crypto holders and inheritance professionals). This allows us to refine the user experience and implement significant improvements before committing resources to smart contract development. It will enable allow us to indentify if we missed any important functional requirement.

As proof of our ability to deliver, we have already built and launched the first version of our DApp. This MVP has been instrumental in gathering practical feedback from potential users, create the functional requirements for a more useful solution, and demonstrate that our core technology for decentralized inheritance and recovery is not only viable but highly promising.

Our team brings a unique combination of expertise in both the inheritance industry and technology and blockchain development.

We have previously launched an online will creation app in the UK and partnered with inheritance firms and professionals.

On the blockchain side, we have deployed two protocols on Cardano mainnet, including the Aneta BTC and the KeyPact multi-signature wallet, and we are pioneering smart wallet technology on Cardano, the foundation for our inheritance and recovery solution.

We are also part of the CV Labs Accelerator Program, which provides access to exceptional resources, industry expertise, and professional networks. Coupled with our strong relationships with inheritance professionals, we have a clear roadmap for both product development and go-to-market execution.

[Milestones] Project Milestones

Milestone Title

Creation of Screens for the Application

Milestone Outputs

In this milestone, we will produce a comprehensive UI/UX design system for the application, ensuring scalability, usability, and compliance with relevant standards. The design will cover all core functionalities: wallet integration/functionalities, will creation, inheritance management, and crypto recovery features. Each screen and interaction will be optimized to guide users through complex processes with clarity, reducing friction and minimizing the risk of user error.

Acceptance Criteria

Finalized screen designs incorporating the following functionalities:

• Core wallet features – send, receive, and related operations
• Will creation and inheritance management – including asset allocation and beneficiary setup
• Crypto recovery workflows – enabling secure retrieval of assets in case of loss or inactivity

Evidence of Completion

Link to Document, shared drive, or shared design platform with all the screens devloped as partf this milestone.

Delivery Month

2

Cost

21000

Progress

20 %

Milestone Title

Creation of the Front-end for the solution

Milestone Outputs

In this phase, we will implement the code for all required screens, following the UI/UX designs created in the previous milestone. Feedback gathered between the design and development phases will be incorporated to refine and optimize the final screens. The implementation will follow a modular, reusable component structure to ensure scalability, maintainability, and ease of integration with smart contracts and off-chain services in future stages of development.

Acceptance Criteria

Code for all screens implemented, ensuring the following core functionalities:

• Core wallet features – send, receive, and related operations
• Will creation and inheritance management – including asset allocation and beneficiary setup
• Crypto recovery workflows – enabling secure retrieval of assets in case of loss or inactivity

Evidence of Completion

Link to the environment where you can see all the created screens, based on the designs created in the previous milestone.

Delivery Month

5

Cost

22500

Progress

50 %

Milestone Title

Launch Prototype Publicly

Milestone Outputs

In this milestone, we will complete the following activities:

• Develop a simulation prototype using React.
• Conduct internal quality assurance testing and resolve identified bugs.
• Prepare the necessary infrastructure to support deployment.
• Launch the prototype to the public

Acceptance Criteria

We will deliver a public React environment that hosts interactive screens simulating the DApp’s core workflows. The simulation will enable stakeholders to access and test the Screens

• Core wallet features – send, receive, and related operations
• Will creation and inheritance management – including asset allocation and beneficiary setup
• Crypto recovery workflows – enabling secure retrieval of assets in case of loss or inactivity

The simulation will be deployed to a publicly accessible URL for review and structured testing.

Evidence of Completion

Public available Link to the React simulation where you can test how the Dapp will work, and simulate all the actions in the different screens

Delivery Month

7

Cost

25417

Progress

70 %

Milestone Title

Testing Sessions with Crypto User and Inheritance Professionals

Milestone Outputs

In this milestone, we will carry out the following work:

• Define process and requirements for Testing Sessions
• Carry out 25 Testing Sessions with Crypto Users and Inheritance Professionals
• Final report summarizing user feedback, usability issues, and feature requests
• Create Final Close out Report
• Create Final Close out Video

Acceptance Criteria

Document with Process and Requirement from Testing Sessions.

Recordings or Notes from Each Individual User Testing Session

Final Report from the Feedback, and the conclusions we gathered from the 25 User Testing sessions

Final Close out report is Publicly Available

Final Close out video is Publicly Available

Evidence of Completion

• Link to PDF with Process and Requirement from Testing Sessions
• Link to Google Drive with Notes and Recordings from individual testing sessions
• Link to PDF with Final Report
• Link to Final Close out Report
• Link to Final Close out Video

Delivery Month

9

Cost

28340

Progress

100 %

[Final Pitch] Budget & Costs

Please provide a cost breakdown of the proposed work and resources

Milestone 1 – Creation of Screens for the Application

Tasks:

Define user stories

Create screens and UX flows

Refine UI design for created screens

Team Involvement:

Project Manager and UI/UX Designer collaborate to ensure product requirements are met and the user experience aligns with the identified user needs.

Cost Breakdown:

UI/UX Designer: $4,900 × 1.5 months = $7,350

Project Manager: $3,500 × 1.5 months = $5,250

Total: $12,600

Salary Benchmark:

UI/UX average in Portugal: $5,690/month (https://uiuxjobsboard.com/salary/ui-ux-designer/portugal)) → Our rate: $4,900 (14% below average)

Product Manager average in Lisbon: $4,170/month (https://www.glassdoor.com/Salaries/lisbon-portugal-product-manager-salary-SRCH_IL.0,15_IM1121_KO16,31.htm)) → Our rate: $3,500 (16% below average)

Milestone 2 – Creation of the Front-End

Tasks:

Develop application screens based on final UI/UX designs from Milestone 1

Cost Breakdown:

Developer: $4,500 × 3 months = $13,500

Salary Benchmark:

Experienced front-end developer average in Portugal : $5,300/month(https://www.shecodes.io/salaries/portugal/front-end-developer)) → Our rate: $4,500 (15% below average)

Milestone 3 – Public Prototype Launch

Tasks:

Prepare simulation prototype using React

Internal QA testing & bug fixing

Infrastructure setup & public launch

Cost Breakdown:

Developer: $5,000 × 2 months = $10,000

Project Manager: $3,500 × 1.5 months = $5,250

Total: $15,250

Salary Benchmark:

Senior Software Engineer (React) average in Portugal: $6,025/month (https://www.payscale.com/research/PT/Job=Senior_Software_Engineer/Salary/5e7807e6/React.js)) → Our rate: $5,000 (17% below average)

Product Manager average: $4,170/month → Our rate: $3,500 (16% below average)

Milestone 4 – User Testing with Crypto Users & Inheritance Professionals

Tasks:

Define process & requirements for testing sessions

Conduct 25 sessions with crypto users and inheritance professionals

Produce final feedback report with recommended changes

Cost Breakdown:

Developer: $5,000 × 1.5 months = $7,500

Project Manager: $3,500 × 2 months = $7,000

Tester incentives: $100 × 25 testers = $2,500

Total: $17,000

Total Project Budget: $58,350

ADA Price Assumption: $0.60 (current price ~$0.70 — conservative buffer for volatility)

ADA Requested: 97,250 ADA

[Final Pitch] Value for Money

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

Our proposal delivers significant functionality at competitive rates, well below the market average in our region. By optimizing resources and leveraging a highly experienced team, we ensure excellent results while keeping costs lean, without compromising quality.

However, more than costs, we need to look at what are the potential benefits for Cardano.

Global Opportunity

According to VanEck, over the next 20 years, $6 trillion in crypto assets will pass through the inheritance process. Our vision is to ensure these transfers happen securely, transparently, and efficiently , starting with Cardano and Bitcoin, then expanding to other ecosystems.

Real-World Integration

We are not just building for Web3 users. We are working with inheritance firms and legal professionals to make sure our solution is useful and improves their current processes by solving existing challenges.

This could be very impactful considering, $84 trillion in total global assets will be transferred between generations in the next 20 years.

Firms using GenWealth will be tokenizing real-world assets on Cardano when creating these wills, so this solution is a huge opportunity to attract a lot of tokenized assets to Cardano and for Cardano to become an important backbone in a technology that will have a significant real-world impact.

Why This Matters for Cardano

Even a small market share of the inheritance industry would result in substantial on-chain activity:

• Increased transaction volume from will creation, asset tokenization, and transfer of ownership.
• RWA adoption as legal processes move on-chain.
• Institutional engagement from law firms and estate planners, expanding Cardano’s reach beyond typical Web3 use cases.

Cardano will be adopted, if we are able to build useful products, with a good user experience that leverage blockchain in the background. That is what we're doing, building a solution, that can help improve many of the inneficiencies and challenges faced by the Inheritance Industry.

Incentives for Adoption

Web3 Users: A familiar wallet experience enhanced with recovery and inheritance features via smart contracts. This reduces the risk of asset loss while maintaining usability.

Inheritance Firms: Enhanced security through blockchain immutability, faster execution (reduced delays in locating assets and beneficiaries), and lower costs by cutting execution expenses (currently 3–10% of estate value) significantly.

In short, supporting this proposal means supporting an important step in a high-impact, low-cost initiative that not only solves an important problem in Cardano and Bitcoin (Crypto Inheritance and Recovery), but that improves real world Inheritance processes, bringing real world assets and utility into Cardano.

[Required Acknowledgements] Consent & Confirmation

Terms and Conditions:

Yes