What is Safe Haven and what is the first mover advantage, and how do they fit together? Safe Haven is a decentralized digital inheritance platform currently being launched, which utilizes the popular blockchain technology. The lifeblood of Safe Haven is the protocols being used and the incorporation of smart contracts, making inheritance more reliable and binding.
Isn’t there lawyers that handle inheritance disputes and coordinate inheritances? Yes, there are lawyers that already accomplish this and contracts that facilitate inheritances. Those contracts all contain traditional posessions that are passed along. Safe Haven’s main focus is digital inheritances which concerns cryptocurrencies. And there are no traditional or even any measures in place to pass on cryptocurrency to another person or entity.
So what is first mover advantage? First mover advantage is the ability to capitalize on being the first within a given space at implementing and executing. Early adopters of the social media platform Instagram took a chance on Instagram and they got first mover advantage.
The early adopters who took a risk then, now have massive followings on Instagram. They are able to leverage this huge following into different revenue streams all because they were the first to use the platform and grow their following. If someone was to start an Instagram account today, it’d be pretty hard work to get to a million followers.
Safe Haven is the only platform at the moment that facilitates digital inheritances. They have different protocols in place for distribution based on a client’s needs. The different protocols are 1 child and 1 validator, 3 children and 1 validator, 3 children + fail-safe and 1 validator, 3 children and 2 validators and fail-safe share(s). You can read more about them in the whitepaper.
Also, the use of smart contracts allows for no heir or potential heir to contest the inheritance will, as everything will be self executing once the conditions are met.
Lawyers should jump onto this project and apply to be part of the TAN (Trust Alliance Network) so that they can also cash in on being first movers in this space. Reason being that TAN is the first database of its kind that lists lawyers that can provide legal advice and aid with enquiries. All to be paid in SHA tokens of course.
Early adopters have the chance to be benefit the most as the SHA tokens would be cheaper during the ICO phase than in the future when the platform is live and active.
First Movers on the Safe Haven platform will definetly have a head start and benefit the most compared to late adopters for the same reasons that first movers on other platforms are dominating on their respective platforms currently. Since everyone has to die at some point and leave things to be inherited, Safe haven is a sure project to reach new heights.
Will you be an early adopter and reap the benefits or a late adopter and try to catch up?
As always, DYOR and feel free to join the Telegram Channel where the Safe Haven team posts updates and answers all of your questions. They love it when you ask questions about the project.
