Articles on: Qualification

Why do I have to get qualified to hold EGX?

The equity of Enegra is represented by the ERC-3643 compliant EGX security token issued on the Polygon network (ISIN MYA159590209 issued by Bursa Malaysia). All Enegra Group Ltd shares are held by a licensed Trust Company, Beyond International Trust Ltd, as Nominee on behalf of EGX token-holders, and all rights and distributions are passed on to the token-holders, including dividends and voting.

EGX are securities, with EGX token-holders being the beneficial owners of Enegra Group Ltd. In order to be compliant with the regulations imposed by Labuan Financial Services Authority (LFSA), Enegra is obliged to perform KYC/AML checks on prospective token-holders.

This process is automated via the Qualification Portal. Prospective token-holders create an account and submit their information after agreeing to the EGX Terms & Conditions. If they pass the KYC/AML checks, then they will be issued an ONCHAINID linking their investor profile with their self-custody wallet address, and their wallet address will be qualified to hold EGX.

The qualification process is simple, and only takes 5-10 minutes. Prospective EGX token-holders only need to verify their identity and address, and Enegra does not ask for financial information. You do not need to an accredited investor to hold EGX.

EGX can only be transferred to a wallet address that has been qualified. This includes the self-custody wallet address of investors, and deposit addresses assigned to them by a centralised exchange (CEX) where EGX is listed and trading.

After qualification, EGX holders are able to manage their profile and holdings via the Investor Portal.

Updated on: 24/08/2023

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