When a ChronX promise matures and cannot reach its intended beneficiary, Verifas holds the funds — securely, indefinitely — until lawful ownership is proven.
Verifas is an independent application built on the ChronX protocol.
Not operated by or affiliated with ChronX.
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Three steps. No speculation. Funds move only when ownership is proven.
A ChronX time-lock reaches its unlock date. The intended beneficiary has not claimed it. After 90 days, the ChronX protocol transfers the unclaimed funds to Verifas for safekeeping.
A vetted, bonded Verifier submits documented real-world proof that a specific person is the lawful owner or heir. Verifas does not go looking. It waits for proof to arrive.
After proof is submitted, a governance-defined cooling-off period begins. Any competing claim may be lodged during this window. When the period closes with no valid competing claim, funds release to the proven owner.
Verifas has a narrow, specific purpose. Understanding its limits is as important as understanding its function.
Verifas does not accept self-service claims. Every claim requires a bonded Verifier.
A prospective Verifier applies to the ChronX Protocol Foundation, passes vetting, and locks a minimum bond on the ChronX blockchain. Verifas accepts only Verifiers who have been approved through ChronX governance. The bond is at risk if the Verifier acts fraudulently.
The Verifier presents documented real-world evidence — legal identification, probate documents, or equivalent — establishing that their client is the lawful owner or heir of the unclaimed promise.
Verifas records the pending claim against the on-chain lock reference and publishes notice that a claim has been lodged — no names, amounts, or identifying details are disclosed publicly. Any party with a competing lawful claim may contact Verifas during the governance-defined cooling-off window. Relevant details are shared only with parties who can establish a lawful interest.
If no competing claim is upheld when the window closes, funds are released to the proven owner. The Verifier receives a delivery fee governed by the ChronX Protocol Foundation. Verifas charges no additional fee.
The Verifas operator bond is locked on the ChronX blockchain and publicly verifiable at all times.
Verifas is in private beta and not yet operational. Join the waitlist to be among the first to use it.