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Home News Digital Cryptocurrency Vault DigiPulse Reaches $1 million in Token Sale

Digital Cryptocurrency Vault DigiPulse Reaches $1 million in Token Sale

DigiPulse a ‘digital cryptocurrency vault’ which provides an inheritance service for digital and crypto assets, has reached the $1 million mark in a token sale which ends on 31 October 2017.

The new brand enables customers to safely secure and pass on their digital assets to those they care about when they pass away.  These assets can include cryptocurrencies, digital images and other documents.

Co-founder and CTO of DigiPulse, Dmitry Dementyev-Dedelis, first saw the potential for DigiPulse when he encountered health issues and realised that, if he were to pass away, his family would be unable to access his digital wallet.  His cryptocurrency assets would be effectively lost.

DigiPulse solves this very important issue by allowing its users to store and encrypt information on their own decentralised blockchain.

Normunds Kvilis, the firm’s CEO and formerly an analyst in a leading Scandinavian bank, said:

“The idea behind DigiPulse is that we are addressing one of the major flaws that cryptocurrencies themselves have, which is that in order to use cryptocurrencies you need to have a digital wallet.

“Cryptocurrency wallets consist of a public address and a password.  If you lose either one of them, your assets are stuck in internet limbo.  We offer, firstly, a way for you to pass your assets on, with an inheritance service, and secondly, a failsafe solution – in case your PC gets lost or your house burns down.  You can still access everything that you have stored.

“The system is based on smart contracts on the Ethereum blockchain, which are put together on top of our own blockchain which encrypts and stores the data in small chunks so it is practically impossible to hack.

“We are seeing a great deal of support from the crypto community because they are in need a product like this.  As people begin to use cryptocurrencies for a broader range of applications and hold significant crypto assets for investment, we must ensure that their families receive their belongings if the worst does happen.”

The DigiPulse system uses what is often known as a ‘dead-man’s-switch’, in connection with the customer’s smartphone, social media account or emails.  If these are not accessed for the agreed period of time – between one day and 18 months – DigiPulse will automatically contact the rightful inheritor.

If the customer chooses to remain anonymous, there is no requirement for them to share their details and the system can work by tracking activity by their digital wallet.

The DigiPulse team is largely based in Riga, Latvia, with connections around the globe.

DigiPulse tokens (DGTP) are sold at a fixed price (with additional tier bonus rewards) of 0.004 ETH (1 ETH = 250 DGTP) and the sale will continue until October 31 2017.

DigiPulse website: https://www.digipulse.io/

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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