The blockchain technology has already captured attention of numerous industries from healthcare to entertainment – all of them are finding more and more ways of reaping the benefits of distributed ledgers and smart contracts. That being said, there are still industries that have for many years remained untouched by technology and are stagnating due to high costs and ineffective processes. One of such industries is the industry of trust funds and fiduciary services. This market deals with trusted management of assets on behalf of someone else for the benefit of a third party. High net worth individuals cooperate with so-called trustees to establish such funds and provide for their family after they pass away or sponsor a certain charitable cause. Despite providing a much needed service, the technological side of this industry is outdated. Trustees cannot easily integrate cryptocurrencies into the workflow and manage crypto assets. Trusts are expensive and very difficult to set up: trustees can’t serve mass market/lower income customers due to the high costs of legal compliance & business operation in traditional finance. This market has not seen any innovations in a while and is still functioning on conservative, centuries-old principles. It is in need of a technological upgrade.
What is Eternal Trusts?
Eternal Trusts is a crypto protocol based on an innovative concept of a decentralized trust fund. It replicates the traditional “purpose trust” framework with the public blockchain of EOS and the private blockchain of Hyperledger, making the fiduciary process flexible, transparent, and affordable for the end user. The mission of Eternal Trusts is to transform the fiduciary & wealth management market into an open ecosystem of secure, transparent, and affordable services by allowing to set up a fiduciary decentralized app to any business owner, financial service provider, trustee, or family office interested in managing cryptocurrency portfolios and incorporating blockchain into their business processes.
Eternal Trusts makes trust funds:
Valuable features of ET
- Opens new market opportunities for trustees & fiduciaries
- Faster operations
- Data safety and digital workflow of documents by default
- Safety of assets
- Smarter decision making through networks of experts
- Asset tokenization among a variety of asset classes (tokenized ETFs, equities, FI, REIT, etc.) to provide reasonable risk/returns ratio
- Flexible & Modular
Eternal Trusts deploys an EOS-based service token to serve as a reward and for internal payments within the fiduciary processes of the ET-based dApps. To acquire and retain their rights within the ET Protocol ecosystem, to create dApps, and to set up networks, participants must purchase and hold a predefined amount of tokens.
The ICO of ET token started out on the 1st of June and will last till the 1st of October — there is still a bit of time to make a purchase. The price of 1 ETT coin is 0.021 USD. It is based on the EOS protocol. The project has a soft cap of 7 million USD. The minimum amount of contribution is 10 thousand ET tokens. The currencies accepted as payment include BTC, ETH, BTH, LTC, EOS and Monero. The platform offers various bonuses and a bounty campaign.
Every person has a right to leave a legacy, and there is no better way to do it than to establish a trust fund. Eternal Trusts will transform the fiduciary industry and make it more widespread and affordable to everyone.
If you are interested in becoming a token holder of Eternal Trusts or you need more info on this revolutionary project, feel free to visit the official website.
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