Crypto Legacy Bond
The Origin Story
The Crypto Legacy Bond project was born from a heartwarming moment - when Hamza partner Beau was expecting a baby, the team wanted to create something more meaningful than a traditional baby gift. Through brainstorming, they conceived the idea of a Web3 version of a savings bond, combining the timeless concept of long-term savings with blockchain technology.
How It Works
- Smart Contract Deposit: Users can deposit funds into a smart contract
- Recipient Assignment: Specify the wallet address that can redeem the funds
- Time Lock: Set a specific timeframe for when the funds can be accessed
- Interest Accrual: Funds appreciate over time until redemption
- Redemption: The recipient can claim their gift once the time lock expires
Use Case Example
Imagine creating a baby bond with $200. The funds are locked for 18 years, allowing the investment to grow through compound interest. When the child turns 18, they can redeem a potentially significant sum while learning valuable lessons about saving, investing, and blockchain technology.
Development Journey
The project came to life when Mike met a talented Web3 developer, Nikhil, at the Consensus conference in Hong Kong. What started as a job inquiry turned into a collaborative project to build this innovative financial instrument for the Web3 era.
Create Your Legacy Today
Start building a meaningful financial future for your loved ones with Crypto Legacy Bond.