Detailed Contract Setup Flow

CryptoLegacy sets beneficiaries, secures asset distribution, encrypts data, and stores backups safely on blockchain.

Create CryptoLegacy Contract

• Beneficiaries:

  • Beneficiaries provide their addresses and public encryption keys.

  • Add 5 beneficiaries (provide their addresses and public encryption keys).

  • Set a 1-month delay per beneficiary (of course, you can choose any period).

  • Distribute equal shares (20% each) over 10 years. You can customize any parameter.

• Deployment:

  • Pay DAO donation and deploy the contract via the Factory.

  • Guardians and Recovery plugins are automatically added.

• Data Storage:

  • Beneficiary addresses are stored as hashes.

  • Original addresses and encryption keys are saved locally in your browser.

Token Approval

• You have:

  • 3 multisig wallets holding assets.

  • 4 regular wallet addresses.

• Approve all tokens from all wallets to the new CryptoLegacy contract.

• Wallet and ERC20 token addresses are automatically saved locally in your browser.

Backup Encryption

• Your backup is automatically encrypted with your public encryption key.

• Send a transaction to store the encrypted backup within a smart contract event.

Beneficiary Data Encryption

• Wallet and asset addresses are automatically encrypted for each beneficiary using their public encryption keys.

• Send a transaction to store the encrypted data within a smart contract event.

Beneficiary Access and Testing

• Beneficiaries do not have direct access to encrypted messages.

• Request beneficiaries verify encryption by testing with a provided test message.

Update timeout on CryptoLegacy Contract

• Each 6 months send transaction to update timeout.