Unlike digital currencies such as BTC, EGX are a security. They are a digital representation of the rights to an asset, in this case the equity of Enegra Group Ltd. The regulating authority in Labuan, where EGX are issued, the Labuan Financial Services Authority (LFSA), requires that they are treated as such. This treatment means that holders have certain rights and obligations.

For example, EGX holders need to pass KYC/AML checks and have an OnchainID associating a whitelisted ETH address with their identity before the EGX smart contract will allow EGX to be transferred to that ETH address. Transfers are restricted according to compliance with the security regulations. These transfer restrictions make it unlikely that EGX can be transferred from a holder's wallet without their knowledge or consent.

In the unlikely event EGX have been illegally or improperly transferred from a holder's wallet, Enegra have the ability to recover the EGX and force transfer them back to the rightful owner. Enegra also have the ability to reissue EGX in the event that the holder loses access to their wallet. The process is simple and initiated by the holders.

Because they cannot be lost or stolen, there is no advantage to using a hardware wallet such as Trezor to store your EGX. We recommend using MetaMask to manage your EGX holdings.
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