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Smart contract

ICO duration
4^th of August - 31^st of August

Abstract

DigiPulse.io is creating an alternative for the last will in the digital age.

Our goal is to ensure that digital assets are not lost and people are able to pass them on to the rightful inheritors, in case of the owners death. By this we are tackling the issue of escheatment in the digital domain. Our plan is to set up an infrastructure that will become an industry wide standard for the future generations to come.

With the increasing usage of cryptocurrencies the problem of leaving your assets to inheritors is becoming more and more important. Currently none of the digital vaults offer this possibility and the user cant be sure that the paper wallet will be delivered to the rightful inheritor.

We are launching a crowdsale for DPT - the token currency used by initial backers of DigiPulse, to support the development of this service and grant future admissions for service usage. This will be accomplished by introducing passive mining functionality which will be deeply rooted into the concept of the DigiPulse service.

How it works

By using the technologies currently available, DigiPulse offers a new way of monitoring a users activity status remotely and a way to enhance (if not disrupt) the way of passing digital assets on.

The platform automatically establishes the status of the user (the period of inactivity) via a desktop app, a smartphone app and/or other web based integrations (each service that we integrate with becomes a separate channel of monitoring the user activity).

The user is the one who determines which integrations he connects to his account and the way his/her activity should be tracked, and the inactivity period that triggers the data send out.

State of the project

As of now, the project has the platform developed and is awaiting the Beta release (this is planned to be rolled out until the end of the year).

A big milestone has already been reached in acquiring our first partnering service - San Francisco based cryptocurrency wallet provider Coinbase. Coinbase has made DigiPulse eligible to transfer up to 50,000 USD worth of assets on behalf of the users without 2 the factor authentication.

DigiPulse tokens and coins (DGT & DGP)

"Passive mining"

The protocol behind the DGP coins is CryptoNote, which currently is minable only by CPU and GPU, thus preventing ASIC miners who would otherwise dominate the mining process.

Anyone who mines coins through the pool set up on DigiPulse will be eligible for a free monthly service subscription upon providing a minimum of 10 Hashes per second every month (based on the average monthly calculations).

Every block found on the DigiPulse pool, will be proportionally split across miners. The fee of the pool is set at 12% from which 10% will be split pro-rata to the token holders who will submit their DGT wallet address to the DigiPulse pool platform, thus confirming that they are in the possession of the mentioned token amount. The remaining 2% will be kept for DigiPulse as an additional source of income to facilitate the operations of the service. The pool commission will be split only amongst those who provide their wallet address on the platform.

Token release

The Initial Coin Offering of DGT starts on 04.08.2017 and ends on 31.08.2017. The tokens will be transferred to the users after the ICO has ended within one week. The DigiPulse team will use ERC20 tokens based on Ethereum to generate DGT. They will be generated and sent out at the end of the ICO upon crossing the minimum cap by the smart contract. By using this approach, we will be able to generate the necessary amount of tokens that corresponds to the raised amount of funds. DigiPulse will provide the source code of the contract so that the exact raised amount of tokens will be generated and afterwards - distributed. Even though there isnt a fixed amount of tokens available at the start of the ICO, they will have a hard cap that can not exceed 16,581,633 DGT. The tokens made available during the ICO will be standard usage tokens. After the ICO, we will work towards adding the token to several exchanges and will be updating our progress on our homepage, twitter channel, facebook, slack and newsletters.

The maximum amount of tokens available
during the pre-sale and the ICO = 16,250,000 tokens (equals 98% of
the total token amount available)*

Token price = 0.004 ETH

Token ticker = DGT

Minimum purchase per person = 1 Token

Accepted currencies = ETH

*Token distribution
98% of tokens will be made available to the contributors.
2% of tokens will be reserved for bounties.

The tokens will have the following reward system

Token distribution priority	Token amount	Percentage rewards
1^st batch	3,750,000	15% (562,500 additional DGT)
2^nd batch	3,750,000	10% (375,000 additional DGT)
3^rd batch	3,750,000	5% (187,500 additional DGT)
4^th batch	3,750,000	-

Raised fund usage and distribution

The minimum cap for our project is set at 8,000 ETH (if the minimum cap will not be reached, the funds will be re-distributed back to their respective wallets). The hard cap for our project is set at 60,000 ETH. By raising this amount, we will be able to fully develop and deliver the service to the community without interruptions, as opposed to having to raise the funds necessary through investor talks and multiple funding rounds.

45% - service development;
20% - marketing and PR;
15% - legal and consulting;
15% - reserve fund;
5% - security audits and certifications.

Escrow

DigiPulse will not have an escrow in place for the project. By conducting a research on previous ICOs, we feel that the escrow management can be (and sometimes is) closely related to the original project creators which does not add an extra layer of credibility and the escrow itself can become redundant.

Team

Normunds Kvilis, Co-founder & CEO

Before focusing on DigiPulse, Normunds acquired a masters degree in economics and was an analyst in a leading Scandinavian bank, focusing on financial market analysis and investment opportunities. Later, he took on the role of an IT project manager, with the focus on leading developer teams towards a bank merger. Cryptocurrencies have been on his radar for quite some time and as investor focus is starting to shift toward this investment tool, also new problems and opportunities arise.

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Dmitry Dementyev-Dedelis, Co-founder & CTO

Before the idea of DigiPulse and the fact that we have half of our lives online with all the assets and valuables stored there, Dmitry was working in the fundraising sector for universities. By understanding the logic behind alumni giving and gamification, and seeing it from the IT perspective, he has gained the knowledge to merge these two worlds together - digital realm and real world behaviour. To gain a better knowledge about behaviour of people and the cognitive processes, he is currently managing a part time BSc in the field of Psychology.

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