Tokenization is one of the most exciting applications of blockchain technology, promising to transform the subject of ownership completely. The process of Security Token Offering (STO) facilitates the creation of digital tokens backed by real-world assets, such as property, pieces of art, stocks, bonds, commodities, hedge funds, private equity, and many more, making them easily tradable and more liquid. Therefore, tokenization makes investments of assets more effective, borderless, and ultimately, more democratic. In this article, I will offer a step-by-step guide from registering an account to investing in security tokens through the Tokenizer Platform.
The CEO of Tokenizer Platform, Manindra Majumdar, strongly believes that tokenization will bring ownership back to the people, and not just to the 1%, 5%, or 8% of the richest individuals who can comply with the requirements for investor accreditation easily. It will ensure that anyone from any part of the world can take part in investment opportunities featured at the Tokenizer Investment Platform and gain from the benefits of successful ventures.
How to invest in security tokens through the Tokenizer Platform
First of all, it should be noted that though this article focuses on Tokenizer, the basic steps and requirements will most likely apply to other token issuance and investment platforms. Now let us get back to our case study.
Step 1: Sign up for a Tokenizer Investment Account
For new users, proceed to https://invest.tokenizer.cc/register and enter your name, email address, and a strong password. Click the ‘Create Account’ button to initiate the registration process.
Step 2: Verify your identity
You will receive a mail from [email protected] requesting you to confirm your email address. Open it and click ‘Confirm Email Address’. Log in again by entering your log in details.
Now that you are logged in to your dashboard, navigate to the ‘KYC Application’ at the far right corner to complete Tokenizer’s built-in identity verification process. Once your documents are verified, you will be ready to start investing.
There are three parts under this category: personal details, document upload, and the paying wallet. Let us go through them.
01- Personal Details
Your basic personal information is required for identification purposes. Remember, you cannot edit the details after submission; therefore, be careful while entering your details.
02- Document Upload
To verify your identity, you are required to upload high-quality scans/photos of your official identification documents issued by the government.
To avoid delays with the verification process, double-check to ensure the requirements below are fully met:
· The chosen credential must be valid.
· The documents should be in good condition and visible.
· There is no light glare or reflections on the documents.
· Each file should be at least 1 MB in size and has at least 300 dpi resolution.
03- Your Paying Wallet
Enter the wallet address that you are going to send funds from.
Currently, we have three wallet options for our users: Ethereum, Bitcoin, and Litecoin. Choose the one that contains your investment funds.
Copy and paste your personal wallet address.
After that, click each of the four boxes below your wallet address to confirm that you have followed the terms and conditions.
Finally, click the ‘Proceed to Verify’ button to submit your details for verification. Once Tokenizer has verified your identity, you will get an email notification.
Step 3: Investing
Before investing in any token- as always- you must fund your Tokenizer account with funds from your personal wallet.
Navigate to the ‘Buy Token’ section to see Tokenizer’s current token offerings. Click the ‘Buy Token Now’ button and enter the amount you want to invest. You will then be able to see how many tokens you will receive in return.
I fully hope this guide has helped you as an investor to familiarize yourself with the process of buying security tokens through the Tokenizer Investment Platform. Nevertheless, as stated earlier, most current and incoming tokenization platforms offering security tokens will most likely comprise of the same steps and requirements.
Remember to keep distance, wash your hands regularly, wear a mask, and sanitize throughout this challenging period of COVID19. Healthy is wealth!