How To Go Through KYC Procedure
In order to participate in the token event, you will need to go through the KYC procedure.
IMPORTANT: YOU WILL NOT BE ABLE TO RECEIVE YOUR SGP TOKENS WITHOUT PASSING KYC
To pass the KYC Procedure, open your personal account and click on PASS KYC button.
KYC procedure includes two steps:
Fill in the following information about yourself:
First Name; Last Name; Nationality; Country of Residence; Address; Phone Number
Please provide your email address and phone number in any form.
Upload National Identity Document
All the user information on the photo must be clearly visible.
Upload Proof of Residential Address
* The size of attachments should be smaller than 5 MB.
There are 4 KYC statuses in your personal account(Dashboard):
- Pass KYC — You have not started KYC check yet.
- Pending — You will receive additional instructions via email.
- Cleared — Your KYC check has been successful.
- Accepted — Your KYC check has been successful.
IMPORTANT POINTS TO REMEMBER
- KYC is a one-time process.
- KYC is mandatory.
What is KYC?
The procedure of KYC (Know Your Customer) is a standard procedure of verifying the identity of the customers. It is required for even the most basic and simplest transactions and operations (e.g., opening a checking account).
Why is KYC necessary?
KYC is used to check the background of the clients. In our case, it is a procedure to prevent fraud, money laundering, identity theft etc.
SGPAY partners with a reputable KYC/AML provider to ensure minimal disruption and inconvenience that might be brought to the token contributors. SGPAY KYC/AML platform allows you to complete your KYC formalities completely online and in the real-time. Contributors are able to complete their KYC and contribute SGP tokens contemporaneously.
SGP token contributors should submit their digitized KYC data to the auditors and providers, then they will receive the validations.