Know-Your-Customer (KYC) Instructions


Summary:

Only participants expecting to offer more than 2.5 ETH altogether during the VinChain token launch are required to go through the KYC/KYB process before participating in the token launch:

1. You will need to go to the VinChain token launch website
2. Enter your email address
3. Wait for the verification email to arrive in your inbox (check spam folder) and click the contained link
4. Choose whether you intend to bid as an individual or a legal entity
5. Fill all requested form fields including your ETH address used when bidding
6. Use your ID or passport to verify your identity
7. Receive an email once your address is white listed (this can take up to an hour or more)

What is a Know-Your-Customer (KYC) check?

People or foundations wishing to offer more than 2.5 ETH in the VinChain Token Launch are required to have their identity verified for administrative reasons. The procedure takes roughly three minutes. KYC for individuals For individuals, this process involves providing:
Furthermore, the following data points will be extracted from your ID during the identity verification: The information needed for the identity verification will be confirmed by us, which examines your identity card or passport consequently. It takes a photo of your face and confirms if the information you put in before is correct and that you are in possession of the verification documents. The two photos of the document and your face can be uploaded if webcam does not work for you. If everything is correct, your submitted ETH address will be put on the white list and you are free to bid more than 2.5 ETH.
VINCHAIN USES POST FACT KYC PROCESS.

How does the KYC check work?


What do I have to prepare?


What restrictions are there?

Basically, you must be eligible to do business in your country, i.e. you must not be under-aged. Please see the restrictions section of the Terms & Conditions for more details.

Where is my data stored?

This data is stored in the data centers and on the VinChain team controlled server:

Can I register multiple ETH addresses with the same email address?

Yes.

Can I repeat the KYC if I messed up?

Yes.

Can I update the provided address?

No. You’d have to do a new KYC check again.

Does everyone need to go through the KYC process?

No. You only have to do the KYC if you are intending to bid more than 2.5 ETH. Don’t do a KYC check if you are planning to bid for less than 2.5 ETH. Please note that VinChain JCS will check if the address you provided contains at least 2.5 ETH.

Do I have to pay for the KYC process?

No, you don’t have to pay for the KYC process.

How much time will the KYC process take?

The KYC check itself will take about 3 minutes. The white listing of your ETH address can take one hour or more.

When should I do the KYC process?

You can do the KYC process at any time before and during the auction. However, our advice is to complete the KYC process as early as possible and ideally before the auction starts, to prevent Ethereum Blockchain congestion.

What is a Know-Your-Business (KYB) check?

As with individual customers, also legal entities, like trusts, companies, institutions, and NGOs are subject to regulations. To be compliant with Anti Money Laundering (AML) and similar rules, identifying the beneficial owner and taking reasonable measures to verify that person’s identity for these legal entities is mandatory. For these reasons, during the KYC step you have to state if you are bidding on behalf of a legal entity. If you do, as an Authorized Representative, you have to complete the same process as individuals. Furthermore, you have to agree that you will, upon request of VinChain JCS, provide further information of the beneficial owners of the company, as well as company data. For legal entities/institutions, this process involves providing: For legal entities, the second step of the KYB-process involves providing:

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