🪙🧬 Crypto After Death: Binance’s Bold New “Will Function”
🕰️ Launched: June 12, 2025
What happens to your crypto when you're gone? 🤔 Over $1B/year in crypto is lost due to death without a backup plan. Now, Binance is tackling this digital dilemma with a feature that could reshape Web3 inheritance forever.
⚙️ Introducing: The “Will Function”
✅ Set an emergency contact
✅ Triggered after prolonged inactivity
✅ Enables a beneficiary to claim your assets
✅ Predefined percentage-based distribution
CZ 🔁 proposes a universal standard across all platforms:
"Humans don't live forever. Every crypto platform should have a will function."
📉 The Harsh Reality of Orphaned Crypto
🔐 No private key = No access
⚰️ Death without a plan = Assets lost forever
📊 Over $1B in lost funds annually
💡 Beyond Just Money: Your Web3 Legacy
🧠 Accounts today hold more than coins:
🔹 Followers
🔹 Soulbound Tokens (SBTs)
🔹 Digital IDs
🔹 Community status
For many, their crypto profiles = their identity.
🗣️ “My account with 72K followers is worth more than my coins.” — @Uniswap12
But how do you pass on what’s non-transferable? Web3’s very nature resists it. ⚖️
👶 What’s Next?
👤 Minor-friendly accounts (beneficiary only)
📜 Traditional wills with separate key instructions
⚖️ Legal clarity still pending — crypto ≠ bank account
🚪 Death Isn’t the End — Just the Next Block?
Binance's move could redefine inheritance in Web3, blending legacy with decentralization. It’s not just about assets — it’s about preserving your digital self. 🌐✨
📌 Tip: Never write your private keys directly into a will — they become public during probate. Store safely & separately! 🔐
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