Legacy

Inspiration

Most times when a person passes away or misplaces his/her private key, the user's owned cryptocurrencies are lost forever on the Blockchain. Also heard about Stefan Thomas who had $220 million worth of crypto-currencies restricted due to him forgetting his private keys. These things led to Legacy being built.

WHAT LEGACY IS MEANT TO DO

Legacy is not just meant to be a solution but an actual solution and need to the issues of users losing billions of dollars of digital and crypto assets in the web3 space. Legacy is designed to serve as a means of retrieval of assets from lost accounts, as the go to defi app for legacy/heritage/inheritance majorly built in and for the web3 space.

HOW LEGACY WOULD WORK

Users just need to connect their wallet on Legacy (if the wallet is recognized, it takes you to your dashboard, else, it takes you to the form page).
New users (unrecognized wallets) will have to fill in their next of kin’s name, wallet address, and email.
Users would also have to set a check-in interval which will serve as a time range for which when elapses without the user checking-in, the tokens get automatically transferred.
Finally, the user will have to select the tokens to which he/she wants transferred when the check-in elapses.