Claiming Rewards

Claiming Rewards

← Back

KYC/AML Requirement

Participants in the incentivized network are required to undergo the KYC/AML review process via Veriff. Agoric does not store any of your identity documents. Identity documents are stored on our third party vendor's site at Veriff. Additional note: Countries listed on the OFAC UN Sanctions list will not be permitted to participate. OFAC banned countries include Burundi, Central African Republic Sanctions, Cuba, Crimea region, Iran, Iraq, Lebanon, Libya, North Korea, Somalia, South Sudan-related Sanctions, Sudan and Darfur, Syria, Venezuela, and Yemen.

Tax Identification Forms

Participants must submit their completed W-9 form (for US participants) or W8-BEN form (for non-US participants) prior to receiving their rewards. Agoric team members will announce on Discord as to when to expect these forms, and we will post an update here.

Rewards Distribution

Distribution of rewards is determined based on points earned for successful completion of tasks and challenges in the five phases of the testnet, and the judging for all challenges where winners will be announced. Participants and challenge winners will need to complete the KYC/AML requirement and submit their tax identification forms prior to claiming rewards. When nodes are eligible to get added to the Agoric mainnet, and other required conditions have been satisfied, we will distribute the rewards to the registered participant's node ID. This enables participants to stake any tokens that they receive as rewards. The process for accepting rewards to your node will be updated here and announced on Discord. The Agoric team is excited to work with all of you.