KYC and Location Restrictions
In order to maintain regulatory compliance, users located in the countries listed below are not permitted to use Hover's services. As such, Hover has implemented IP address restrictions for access to the application.
KYC is not required to participate in the Genesis Pools, to supply or borrow on Hover, to purchase the HOV token, to stake the HOV token, or to participate in the Hover Staking Program. However, KYC will be required to to qualify for Hover Rewards or to participate in the Token Sale.
This optional process was implemented to ensure that only users from approved countries have access to the Hover Rewards Program and the Token Sale. Users from the countries listed below are ineligible to participate.
Hover has partnered with Quadrata to handle the KYC process. Quadrata is GDPR-compliant and does not store any personally identifiable information (PII) on-chain. Upon approval, users are issued a non-transferable NFT, which Hover’s smart contracts query to determine eligibility. Hover does not have access to any PII.
Quadrata’s onboarding process can be completed in a few minutes and requires the user's name, date of birth, email address, a government-issued ID, and a self-portrait. Once approved, users can convert their esHOV to xHOV with their approved wallet.
Location Restrictions
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