ETERNAL TRUSTS, THE WORLD FIRST FIDUCIARY CRYPTO PROTOCOL PLATFORM

Disrupting the Industry of Fiduciary Services

Nowadays, one of the methods to guarantee that a person’s legacy can have a lasting influence is setting up a trust fund, a special type of legal agreement that provides a trusted third party with the right to hold and spend assets according to a specific goal set by the trust settlor. The trustee services market has not experienced any radical change with the advent of new technology and is still based on centuries-old principles. Currently, it exceeds 20 trillion dollars under management. Although unlike Wills, Trusts allow their Settlors to protect assets from third-party claims and avoid probate, their legal structure is currently incapable of securely incorporating digital assets such as apps, cryptocurrencies and tokens. Moreover, the management fees involved are not affordable for most people, and the range of potential purposes is constrained by the limited expert networks that collaborate with trustees.

The Eternal Trusts protocol combines private and public blockchain technology to make traditional trust funds a thing of the past. The decentralized apps built on ET can serve as an effective, long-lasting financial instrument that will operate autonomously according to a complex asset administration scenario with the ability to add multiple beneficiaries. ET-powered apps can store crypto capital for centuries using the expertise of so-called networks of oracles -- groups of reputable, trusted parties in control of asset administration and rewarded for making optimal decisions. These networks are tasked with managing assets and seeking the best providers capable of performing the fiduciary purposes set by the dApp end users, be it supporting multiple generations of their offspring financially or contributing to a global charitable cause.

About Eternal Trusts

Eternal Trusts is the world’s first fiduciary crypto protocol for creating decentralized apps that securely administer crypto assets through collective decision-making. It replicates the traditional “purpose trust” framework with crypto technologies, making it flexible, transparent, and affordable for the end user. ET Protocol is powered by EOS.IO, one of the fastest blockchains with low transaction fees, and by Hyperledger of IBM.

Competitive environment & The Blue Ocean Strategy

As an open protocol, ET is creating an uncontested market space that will provide value for those who need an alternative to a traditional trust, for those seeking asset management in the crypto world, for those who think that technologies going forward might allow for the execution of more than simply trivial purposes, but also personal dreams, whether selfish or altruistic.

The competitive position of an ET-dApp is a real life example of the Blue Ocean Strategy created by professors of INSEAD, one of the top business schools in the world. This strategy challenges the classical strategic method by encouraging bigger customer segments and focusing not on existing but on potential clients. It is considered the best method to accelerate growth and ensure high profitability of the company in the long term. Instead of trying to compete with multiple companies on marginally profitable markets (“red ocean”), a trustee that uses the ET Protocol aims to create a demand from the ground up in a completely new market (“blue ocean”), where there is almost no competition.

Such competitive positioning allows those who build their ET dApps to protect their business models and value proposition from being copied by competitors. Thanks to the unique combination of innovative technology of decentralized data storage, oracles, and smart contracts, the ET dApp founders of Eternal Trusts will likely create a completely new market niche at the intersection of large markets.

The Market for the original dApp

The team of ET believes that financial planning is crucial for every person, no matter whether they belong to the world of high finance, or the crypto community. We also believe in the extended long term growth of the crypto markets and the further tokenization of assets, which is particularly expected to become most prominent in the financial industry. Hence, before dividing the potential clients of our dApp into groups in terms of their consumer behavior, we attempt to evaluate the market by the top-down approach, analyzing the data that can be found in open sources to approximate the headcount of beneficiaries of value created by our ET dApp.

According to the Cambridge University research, there were more than 30 million crypto-wallets registered around the world by 20172. This figure quadrupled since 2013. We use this estimate as an underlying basis for our calculations, also mentioning here that the number of wallets has obviously soared since 2016 and with a given pace of growth it may reach 1 billion by the latter period of our planning time-frame.

We know that a trust settlement and maintenance is an expensive service to purchase. IBISWorld Trusts & Estates in the US Industry Report states that there are only 3.2 million trusts and similar entities settled in the US and also that this figure is strongly correlated with the number of households with 100,000 USD or higher yearly income. We may reasonably suppose that there are at least 5 million such structures existing in the world. There is an indirect confirmation of this logic in the estimates given by the Global Rich List project3: there are only 5 million people in the world with a yearly income of 100,000 USD. Hence, traditional trusts settlement and management industry is currently most likely limited by the number of 5 million wealthy individual clients due to its costs. However, we also know that there is huge capital to be transferred between generations in the coming years, and the industry of trusts may face significant market expansion.

The first dApp built on ET Protocol offers dramatically friendlier pricing as well as more convenient client service and thus may reasonably expect a larger available market. We use the same Global Rich List functionality to evaluate the number of individuals that are worth 100,000 USD (not yearly income) and might spend 10% of their wealth to switch onto the crypto world. Our calculations returned an estimate of 367 million people globally

THE TOKEN SALE

The Eternal Trusts tokens have been available for potential platform users since March 22, 2018.

Eternal Trust Token is currently based on the Ethereum-based ERC-20 protocol, which is deemed the industry standard. However, we are gradually shifting to EOS.IO smart contract protocol, which provides a more improved set of features for such a hybrid, autonomous, and multi-chain system as Eternal Trusts.

The Eternal Trusts Token is a service token that underlies all business processes of the dApps built on the ET Protocol. The uniqueness of our token is not limited to its internal payments functionality for our platform, neither its smart-contracted ability to pre-program future deals, nor its power to unlock innovations and service development value.

· dApp founders and their clients buy ET tokens with fiat or crypto, or receive them as gifts from other platform participants

· dApp founders become DAO directors, set business model and prices for their services (not less than a minimum specified by the protocol)

· Clients purchase access to the dApp services with ET Tokens

· DAO Directors, Service providers, oracles, and private blockchain node providers all have to hold a predefined amount of tokens to be able to participate in the platform

The information about Eternal Trusts Tokens

Storing clients’ long-term purposes on the blockchain, their autonomous execution using smart-contracts and Hybrid Intelligence, and the automatic search of optimal service providers to service the goals of the client.

Token info

Token ETT
Platform Ethereum
Type ERC20

Pre ICO price 1 ETT = 0.01 USD
Price in ICO 1 ETT = 0.021 USD

BONUS

Pre-Sale 50%
Tokens for sale 1,950,000,000

Investment info

Min. investment 10,000 ETT
Accepting ETH, BTC, LTC, BTH
Distributed in ICO 65%

Soft cap 7,000,000 USD