We require proof of accreditation from you that meets the more stringent standard the SEC has put in place – the 506(c) standard – which should work for all accredited deals, including ones that publicly discuss their financing.
An accredited investor, in the context of a natural person, includes anyone who:
- earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR
- has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).
- On the income test, the person must satisfy the thresholds for the three years consistently either alone or with a spouse, and cannot, for example, satisfy one year based on individual income and the next two years based on joint income with a spouse. The only exception is if a person is married within this period, in which case the person may satisfy the threshold on the basis of joint income for the years during which the person was married and on the basis of individual income for the other years.
In addition, entities such as banks, partnerships, corporations, nonprofits and trusts may be accredited investors. Of the entities that would be considered accredited investors and depending on your circumstances, the following may be relevant to you:
- any trust, with total assets in excess of $5 million, not formed to specifically purchase the subject securities, whose purchase is directed by a sophisticated person, or
- any entity in which all of the equity owners are accredited investors.
You need to provide reliable information about yourself in the registration process. Providing false information will be prosecuted by law.
- Mailing address and address of residence (PO boxes are not acceptable unless accompanied by valid mailing address)
- Government-issued identification numbers including where relevant, but not limited to, social security numbers, driver’s license numbers, and passport numbers
- Place of birth and date of birth
- Copies of valid photo identifications for those listed as account holders
- Name of business and corporate representatives
- Copies of current photo identifications of corporate representatives using the account
- The mailing address of the client’s principal place of business (we reserves the right to request the customer’s local address if the local address is not the same as the business’ principal place of business)
- Customer identification procedures shall be adhered to determine the beneficial owners of trust or corporate accounts. These procedures include establishing whether a customer is an agent of another; deriving information concerning the ownership or structure of a company that is a legal entity not publicly traded in the US or other countries; and for trustees, getting data about the trust structure, determining the provider of funds, and discerning who has control over the funds and power to remove the trustee.
At any point, if you do not agree to any portion of the current T&C, you should not proceed to use the Website or participate in the QTC Token sale.
To invest in the QTC token sale, you’ll need to submit two sets of information:
- evidence of accreditation status (for US Citizens only) and
- identity details to pass
- KYC/AML (Know Your Customer/Anti-Money Laundering) checks – for US Citizens; and
- AML/CFT (Anti-Money Laundering/Countering the Financing of terrorism) for other countries, Once this information is processed successfully, we’ll notify you and automatically register you for the QTC token sale.
Quantocoin has the right to review and amend the current agreement at any time without notice.