By Ana Balashova (@coinjive)
October 29th, 2018

Five ICOs from afterlife and beyond

Five ICOs from afterlife and beyond

By Ana Balashova (@coinjive)
October 29th, 2018

Future Times Halloween Special

There are so many ways to celebrate Halloween – some might go to church and light a candle for the souls of the departed, some will devote their time perfecting their pumpkin carving skills, and some will go to a party wearing the scariest outfit possible.

That whole costume thing, as some researchers claim, goes back to the 16th century. Back then, countries like Ireland, Scotland, and the Isle of Man celebrated All Saints’ Day that involved dressing up and caroling in exchange for food. Wearing disguise and receiving offerings on behalf of the departed souls (these people impersonated ghosts of the gone instead of whatever crazy came to mind) was believed to protect from the wickedness and snares of the devil.

This year at Future Times we decided to twist this tradition around by compiling a collection of stories about blockchain projects disguised as anything related to death, souls, saints, etc.

So, here it goes – Five initial coin offerings from the afterlife and beyond:

#1 Rest in peace. But keep crypto alive

“Digital assets are prone to loss; either by error or death…” cheerfully informs us The Safe Haven’s website. Their token sale is either still going on, or is about to be… The timeframes are a bit vague as the private sale is mixed up with an extremely pre-private sale and whitelisting for another version of the sale. And even though project’s white paper content mostly consists of quotes from crypto media featuring lost bitcoin stats, the blockchain and smart contract definitions, along with some cute page-size pictures like the one below, the idea still does make a sense.

So, from now on, even your death won’t be able to prevent your friends or family to enjoy your crypto fortune. Safe Haven offers a solution to this problem implementing a safe, secure, and transparent ways for one’s digital assets to be received by anyone they like at any time they choose while continuing to be in full command of their investment.

Safe Haven provides contributors an option to secure their digital assets without barring themselves out. Thanks to Escrow Protocol, TFC Share Distribution Key, and the Trust Alliance Network (TAN), seeds/private keys/passphrases can be distributed amongst stakeholders or family members simply and securely. The protocol distributes the pieces in a way where the investor holds the power over his assets (at all costs). The day he/she passes, an enrolled member of the Trust Alliance Platform (notary) can reclaim the remaining share on the blockchain to transfer the contributor’s legacy down to his/her stakeholders.

Enlisting legal entities worldwide via our TAN (Trust Alliance Network) ensures that each case is being legally noted giving conditions for inheritance on an individual basis, depending on initiators’ wishes. Involving both legal entities and secure encrypted transactions all while leaving the initiator entirely in control supposed to make the solution transparent, easy to use, and “unprecedented.”

#2 Karma is a bitch… and now it’s been fixed

Lotos founders claim their project solves many problems. The major ones are corruption and religious persecution. The blockchain provides many advantages essential to the company’s vision. Plus, its immutable and transparent financial recording is the only feasible solution to the problem Lotos team is trying to solve. Decentralization allows the development of true egalitarian communities which is Buddha’s initial vision for a healthy society. While digitization can assist us in achieving a good portion of our goals, decentralization completes the idea.

To achieve some of the project’s goals the team wants to “address temple accessibility, comparability and the movement between them, and interactivity with them.” Lotos is trying to get more people to meditate and enable them to gain advantages from it faster, with the ultimate aim of greatly improving these two features.

Lotos will begin as a web app that works on all tablet, desktop, and mobile devices. The plan is to offer optional hardware in the future. To build all that magic, the team intended to run the crowd sale, offering Karma tokens to the public.

Karma tokens are the first attempt to instantiate “Buddhist Economics” on the blockchain giving an alternative to corporate capitalism. Lotos’ underlying benefits guide the economic programming of the platform so that the collection and the usage of KRM are aligned with the Noble Path. In economic terms, people are led to allocate their time between meditation and consumption — in case of optimal allocation, meditation reduces the desire for consumption with no difference in satisfaction.

Not sure if the grand future is due though. The last updates on the company’s blog are dated August 2017. So, probably no souls will be saved this year.

#3 How about tokenized deceased people organs?

Every day more than 150 000 people die, some from deadly diseases, some by accident, but most from the 100% fatal degenerative malady known as aging.

At the moment, there is no technical solution for continued cryopreservation of donor organs and, therefore, the problem of building cryobanks for such organs has not been resolved, because of the logistics that will be required to maintain the collection, conservation, and transplantation processes. And that’s when the Cryogen project comes handy.

Over the last 50 years experts around the world have been advancing and improving the techniques of cryopreservation of organs, tissues, brains, and whole organisms to make future resurrection possible (which can be significant not only for extending one’s life but also to cut costs on space travels – why feed the crew, wasting the space inside the spacecraft if they can all  just keep it cool for a while).

So, if someone got lucky and bought into a Cryogen token sale (that has finished in July 2018 resulting in $14mln worth of CRYO tokens sold) then pretty soon you’ll probably have a chance to preserve your brain (16 200 CRYO), DNA (800 CRYO) or go into space frozen (prepare 180 000 or more for that and note that your teammates most likely will grant you some sticky nickname, e.g., sleeping beauty).

The project’s roadmap included the beginning of mass experiments on animal organs reversible cryopreservation in 2019 and experimenting with the dying people’s organs in 2021.

Although taking into account that the last project update is dated June and it’s related to yet another blockchain conference visited by Cryogen team, the future of decentralized cryonics feels a bit shaky.

#4 Your tomb will definitely become popular with this crypto

The world globalization contributes to the fact that hundreds of millions of people abandon their native cities and countries to travel thousands of kilometers away from their motherland leaving burial places of their relatives left unattended. And usually, the long distances and country borders do not allow grieving family members to take care of the graves or bring flowers on Memorial Day. Therefore, people have to find a remote performer to watch after their spot in the cemetery or deliver flowers. Almost every city has companies that are ready to offer such services, but finding someone exceptionally good is difficult. Besides, having to explain the location of the burial place over the phone or by email is a tough task on its own.

Struggling to find companionship for your dead relatives? Look no further!

TombCare has got you covered. This app allows to solve the following tasks using, of course, smart contracts and blockchain technology: you can select a perfect cemetery, check out all the graves there through photos and GPS, and request photo reports of tomb attendants’ services.

The token sale for this handy little project has been scheduled for December 2017. However, it probably wasn’t quite successful. There are no data related to the number of sold tokens, although the project’s Facebook page is being updated relatively often (mostly in Russian) and recently the team announced the launch of their personal mining (whatever purpose it serves for the better tomb care).

#5 Cthulhu-fans decentralized

Cthulhu, a giant tentacle monster who inhabits the deep Arctic seas, biding his time before he rises from his slumber and turns us all into his terrible minions, can not only solve as a perfect costume idea for a Halloween party but also an essential totem for any respectful blockchain project. Therefore, the rise and dawn of cryptocurrency called Cthulhu Offerings (OFF) is nothing but ordinary in the blockchain world.

The developers behind the project are luring everyone to join them in praising Cthulhu before he is back to take care of us all (and not in a nurturing way). All the worshippers are supposed to be greatly rewarded. During the first and second weeks of the ritual, sacrificial amounts were placed, namely once-a-day blocks. Worshippers were rewarded with these blocks for the sacrifice made. During the third and fourth weeks of the ritual, the rewards kept building as the worship increased. Finally, Cthulhu was supposed to return after the xxx665th offering that has paid a tribute to the Great Old One, and bestow a bounty deserving of him upon one lucky worshiper.

Running from 2013, this Quark-based blockchain seems to be falling into oblivion. Even one of the last project’s tweets dated May 2018, prove that it needs some work. It has seen some good days though, trading at $0.14 during the crypto peak back in January, but it doesn’t get much traction nowadays. I guess it’s just tiring for Cthulhu’s worshipers to expect his resurrection, so they’ve just abandoned the project and moved on to the next object of adoration. Let’s find out what punishment they might expect in the nearest future:

We hope you’ve enjoyed the list. We tried to peel that creepy packaging off all those scary projects, to protect our readers from making unbalanced investment decisions during the next year, because, frankly, most of the projects featured here weren’t a smashing success. Some might still be though, let us check our crystal ball 😉.