Summary
| Description | |
|---|---|
| Stage 1 | 50K upfront to be paid to Developer experience sub-governance so they select a team via contest, and pay them for development of MVP |
| Stage 2 | Upon completion of the blockchain MVP. Another 50K to be paid to Developer experience sub-governance so they finance further development as they see fit |
| Stage 3 | Upon Launch. 400k tokens for every 100k new users, cap of 1M users |
CreateWills Overview - Who We Are
Create Wills is a digital “Wills” platform aiming to disrupt the “Wills and Testament” industry, a sub-sector of Estate Planning, Insurance, and Wealth Management industry with its user-friendly and affordable conventional will and Islamic will on a single platform. It is estimated that only 1 of 3 American adults and less than half of the United Kingdom (UK) population have wills. These numbers will probably be worse off in less mature markets like Asia and the Middle East.
CreateWills currently operates in multiple countries, namely:
- The United Kingdom https://www.createwills.uk
- Malaysia - https://www.createwills.my
- Singapore - https://www.createtec.sg
- Indonesia - https://www.createwills.id
We have secured partnerships with many other businesses to provide Wills to their customers via agents re-selling Wills and direct-to-customer sales.
Traction
2020/2021
- Sold – 50,000 wills
- Commitment to purchase – 750,000 wills
- Potential access – 47 million users (non-unique)
In the pipeline
- Commitment – 2,750,000 wills (Malaysia and Singapore)
- Potential access - 133 million users (non-unique) (Malaysia and Indonesia)
Collaboration Overview
CreateWills would like to use Free TON to bring to market a novel and exciting product utilizing smart contracts and blockchain tech. There is a strong use case for creating digital Wills which are stored on-chain and which can be accessed by nominated third parties via a smart contract.
We are excited to propose a collaboration with Free TON to help us build this on-chain solution via a contest.
Collaboration Benefits to CreateWills
- CreateWills will be able to utilize the Free TON blockchain and development community to create a Smart Contracts solution for its customers to upload their Wills to the chain.
- CreateWills will gain a new product that can be marketed and sold to its customer base.
Collaboration Benefits to Free TON
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Free TON will gain a minimum of 2 users for every CreateWills customer who chooses to upload their Will to the chain.
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The first user is the customer to whom the Will belongs
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Additional users would be Executors and Beneficiaries named on the Will who would be able to access the Will via the smart contract
Implementation Process
We are proposing a multi-step contest as the main approach to the collaboration which will be funded by the initial Token request and paid to the successful contest Winners via sub governance by the Free TON developer experience community.
On-Chain development
The main focus is the development of the on-chain smart contract.
For this, we require the assistance of a Senior developer or a team to code the smart contract which can then be used by CreateWills via an SDK to upload contracts to the chain for its users.
The development should take approximately 4 months with close collaboration with the CreateWills CTO who will oversee the development and integration. For this, we will require 100K tokens to pay for the on-chain development.
Timeline and Tokens
Timelines below are estimates only
| Step | Description | Timeline/Tokens | Tokens |
|---|---|---|---|
| 1 | CreateWills will provide a development spec of the proposed solution to be developed. This will be shared with development teams taking part in the contest. | 1 week | |
| 2 | Development teams or developers submit their proposals for development and how they will work with CreateWills to develop the solution | 1 month | |
| 3 | Select a team to proceed with the collaboration | 1 week | 50K tokens to select team and start development |
| 4 | Development of the MVP solution by winning team | 2 months | 50K tokens upon completion of MVP |
| 5 | Development of full solution after integration with CreateWills web application | 2 months | |
| 6 | Concurrent development of the CreateWills web app by CreateWills to interface with the Free TON on-chain solution (this is proprietary software funded by CreateWills and will not require any tokens) | Concurrently with steps 4 and 5 | No tokens required |
| 7 | Product launch | Gas fees will be paid for by CreateWills |
Additional Tokens
We will request additional tokens on reaching set milestones of active users.
On each batch of 100k users, we will request 4 tokens per user. Up to a maximum of 1 million users.
A user is considered to be a customer of CreateWills who chooses to upload their Will to the Free TON blockchain. Executors and Beneficiaries who are named on the Will and can access the Will on-chain are also considered to be users.
