SAFE HAVEN ICO REVIEW – The solution to digital inheritance

BLOCKCHAIN DIGITAL INHERITANCE

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Safe Haven Protect your digital assets while reassuring your relatives! In order to protect your digital assets, we at Safe Haven give you the opportunity to do so without locking yourself out.

Overview

Token Symbol: SHA
Number of Tokens: 85,000,000
Mining algorithm: token is not mined but runs on the Ethereum network.
Token standard: ERC20
Type of cryptocurrency: Token
Website: https://safehaven.io
Whitepaper: https://safehaven.io/files/SafeHaven_WhitePaper.pdf
Telegram: https://t.me/safehavenio

 

Introduction

Earlier this year, the cryptocurrency market passed $700 billion in total mark cap and received a tremendous surge in public interest. People have different goals when it comes to crypto investment, whether it is to establish financial independence or simply have some savings for their family. The ultimate goal is to build and protect your wealth for you and your family’s future. Security is the top concern due to the rising threat of crypto hacks, costing victims millions of dollars every year. Therefore, most digital assets are secured behind dozens of passwords, private keys, or seeds. The most common way to protect those seeds is to write them down and keep them offline.

But what would happen to these assets if something happened to you? The thought of how your crypto assets can be inherited may have once crossed your mind. Unfortunately, there are many cases where people were unable to hand over their digital assets or provide adequate instructions for their loved ones to access them.

Safe Haven is designed to solve this real-world problem by guaranteeing a safe and secure passage of those keys/seeds to the rightful inheritors in the event of the owner’s death.

Safe Haven team

Well, every successful ICO project is built by a visionary team. Same is the case with Safe Haven. The development team behind this ICO project includes network-security specialists, account managers, software developers, blockchain experts, and business developers. By preparing a definite road map for the future, the team has won the trust of many investors. Plus, the team has worked very hard to meet most of the key milestones set during the project’s development phase. Overall, the teammates are working collaboratively to streamline the process of inheriting digital assets. 

Platform/Product

Safe Haven proposes to build a platform that can handle the inheritance and protection of your crypto assets without locking you out. To be clear, Safe Haven will not directly transfer the fund to your rightful inheritors. Instead, they will utilize FC Share Distribution Key, Escrow Protocol, and the Trust Alliance Network (TAN) to encrypt and decrypt the private keys into shares which can be distributed among your family/friends in a transparent and secure manner. Shares can be seen as a piece of a puzzle and users are required to solve the puzzle with all of their shares in order to retrieve the private key after being validated by an assigned legal entity.

The protocol is broken down into 3 steps:

  1. The user who wants to protect his crypto assets needs to plan out The Family Circle (TFC), which is a group of members that will receive shares of the private keys. They then go to a registered member of TAN, a group of legal entities, to process the necessary validation steps.
  2. The legal entity, who is preferred as a validator, divides the data (keys) into a number of shares. Those shares are then distributed by the specially designed TFC Share Distribution Protocol. The obtained shares of stakeholders are managed as a legal certificate by a notary and/or a hardware ledger. Some of the owner’s shares will be encrypted and sent to a decentralized blockchain in a form of Smart Contract to protect. By not keeping data in memory nor local/centralized databases, overall security is improved. Also, since the key is not completely stored in one place, it can never be compromised, and the owner has full control of their assets while they are still alive.
  3. The keys can only be retrieved when certain conditions are met. In the normal case, it requires a combination of all individual shares to reconstruct the key. For example, in case of a sudden death, legal documents are required to present to a member of Safe Haven’s Trust Alliance to be validated. Once the legal entity gives a necessary authorization as verified by Safe Haven, the missing shares will be retrieved from the blockchain. Users can also send some shares to the blockchain as a separate “backup” smart contract. These shares are called “fail-safe” share, which is used in case one of the rightful heirs lose his/her share.

The white-paper also includes further mathematical and technical details of the platform as well as other applications for business, investment circles, and vaults. For more of these technical details, we kindly refer you to the the white-paper: https://safehaven.io/files/SafeHaven_WhitePaper.pdf

Safe Haven ICO sale

The platform’s tokens will be used for fueling its working. After the pre-sale and the crowdsale of the token are ended, it’ll be sold on some of the top exchanges. Further, the funds raised from the sales will be used for different project-specific purposes including development, operations, and marketing. Here are a few ICO details that every prospective investor of this project should know.

Safe Haven roadmap

Safe Haven ICO sale

The platform’s tokens will be used for fueling its working. After the pre-sale and the crowdsale of the token are ended, it’ll be sold on some of the top exchanges. Further, the funds raised from the sales will be used for different project-specific purposes including development, operations, and marketing. Here are a few ICO details that every prospective investor of this project should know.

safehaven
safehaven-roadmap

 

Token Sale details

  • Ticker: SHA
  • 1 SHA token = 0.0005 ETH
  • ICO sale: February 24, 2018 (00:00:00 UTC) to March 10, 2018 (00:00:00 UTC)
  • Bonus: Available
  • Bounty: Available
  • Platform: Ethereum
  • Accepted currency: ETH
  • Minimum investment: 0.10 ETH
  • Soft cap: 3,000 Ether coins
  • Hard cap: USD 25,000,000
  • Country: Belgium
  • Whitelist/KYC: Both

Safe Haven’s Trust Alliance 

The platform has its own alliance program. As per the program, there’s a group of different legal entities who’re screened by the ecosystem’s team. The screening is done so that the legal entities—also known as the validators or notaries—can seamlessly secure a single share of the investor; by securing the single share, the validator will end up securing the overall legacy of the investor.

During the screening process, the legal entities are needed to submit all their documents—that’s exactly how the core development team will judge the authenticity of every validator. Further, the core development team will launch its own trust alliance portal. In this portal, the team will answer any legal question of the validator. 

safehaven
https://safehaven.io

Summarizing Safe Haven 

Investing in cryptocurrencies is profitable if it’s done prudently. However, the true profitability will be unleashed only when the worth of the crypto assets is passed on to an investor’s key stakeholders or future generations. For unlocking that level of profitability from crypto assets, they’ll have to be stored securely. Safe Haven is the platform that’ll be used for securing all your digital seeds, passphrases, and private keys in such a way that’ll give peace of mind to the investors and their relatives. So, considering everything, the project looks very innovative. And if you’re looking to invest in that sort of crypto innovation, then you should join the ICO sale.

Disclaimer:This article was written to the best of our knowledge with the information available to us. We do not guarantee that every bit of information is completely accurate or up-to-date. Please use this information as a complement to your own research. Nothing we write in any of our articles is intended as investment advice nor as an endorsement to buy/sell/hold anything. Cryptocurrency investments are inherently risky so you should never invest more than you can afford to lose.

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