Estate Planning For Wallets
Problem
When people die, their wallets often times die with them. A kill switch where wallets automatically liquidate after x amount of time to another wallet by holding a time locked NFT would be nice.
Solution
Using ADAO's multisig treasury system and a time locked NFT that changes the condition of a wallet to pay out after x amount of time, people can ensure their wallets are liquidated after their death.
Total to date
This is the total amount allocated to Estate Planning For Wallets.
About this idea
[IMPACT] Please describe your proposed solution.
The ADAO Multisig wallet will read 3 votes. A yes vote, a no vote, and a vote from a wallet based on the time locked NFT it is holding. Once the time locked NFT has reached a certain epoch, the vote will change to a yes vote and the funds will be paid out and liquidated in the wallet.
[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.
Need help, not done.
[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Technical skill and knowledge. Will need a team of developers.
[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.
Need help, not done.
[FEASIBILITY] Please provide a detailed budget breakdown.
Need help, not done.
[FEASIBILITY] Please provide details of the people who will work on the project.
Need help, not done.
[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.
Need help, not done.
[FEASIBILITY] Are you or any member of your team working on any other proposals in this Fund9?
Yes[FEASIBILITY] Are you or your team working on any other proposals from previous Funds?
No[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?
Need help, not done.
[AUDITABILITY] What does success for this project look like?
Need help, not done.
[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.
Need help, not done.
Sustainable Development Goals (SDG) Rating
Need help, not done.
Team
2 Years as an Estate Planning Paralegal.
