Graceful, reimagining financial giving for the crypto age, today announced it has launched Graceful 1.0 as the definitive and intelligent way to pass on wealth, memories, and messages to loved ones, gifted for every moment in life, including holidays, birthdays, weddings, and graduations.
The first 500 vaults will be available for purchase and immediate shipping starting Cyber Monday on November 28, Bankless Times learned from an exclusive press release.
An iconic financial gift for a new generation
Each vault comes pre-loaded with bitcoin to kickstart the recipient into the future of money. The gifter then chooses from three programmable time locks on the vault: one, five, or ten years. Similar to a revocable trust, the gifter can also unlock the vault in an emergency or as otherwise needed.
Themes: wealth, legacy, time
The recipient receives a stunning and elegant metal cube with artwork etched on each side to represent the three themes of Wealth, Legacy, and Time. On the sixth side, there is a QR code.
When the recipient scans it with the Graceful App, an avatar named Grace holographically projects from the cube (in augmented reality), and says the cube is the interface to a digital vault that has been given to them.
Graceful CEO and co-founder Greg Rogers said, “Every year for twenty years, my grandfather would give me a US Savings Bond for my birthday. It was one of his legacies to me.
“And he was not alone – for 70 years the savings bond dominated the financial gifting market in the US peaking at $22B in 2005. But it didn’t keep up with the times and is now a fraction of what it used to be. Which leaves us with the question: What’s going to take its place?”
The first 500 Graceful vaults will be released at the introductory rate of $299 USD each and come pre-loaded with $200 BTC, with the ability to add more as a fast follow