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IX Swap | Guides & FAQs
  • Welcome to the IX Swap Guides and FAQs!
  • IX Swap
    • All About IX Swap
      • What is IX Swap?
      • Who is the team behind IX Swap?
      • Is IX Swap DeFi?
      • What sets IX Swap apart from other platforms?
    • Initial Setup and Onboarding
      • What is KYC?
      • KYC Guide
      • What is an Accredited Investor?
      • Creating a Metamask Wallet
      • Connecting to the IX Swap App
      • How to add USDC on Metamask
      • How to Get USDC using a Bridge from Ethereum to Polygon?
      • How to Buy USDC on the Polygon Network
    • Security Tokens
      • What is a security token?
      • What are the advantages of STOs?
  • IXS Token
    • Token Information
      • What is $IXS?
      • What is the tokenomics behind the $IXS token?
    • Acquiring IXS/WIXS Tokens
      • Where can I buy $IXS?
      • Can I buy $WIXS directly?
      • How do I get IXS via Uniswap?
      • How do I buy IXS (WIXS) on QuickSwap?
      • How to Buy IXS on BTSE?
      • How to Buy IXS on BitMart
    • How do I add IXS or WIXS to my MetaMask wallet?
    • What happens to my $WIXS tokens if I bridge it back to Ethereum?
  • IX Swap Launchpad
    • IXS Launchpad
      • When do I receive my token allocation from the launchpad?
      • What is the minimum investment amount in the launchpad?
      • Who can invest using the launchpad?
      • What are the different deal stages in the launchpad?
      • How do I launch a Primary Issuance?
      • How do I Invest in a deal on the launchpad?
  • Liquidity and Staking
    • Liquidity Mining
      • What is liquidity mining?
      • What’s the purpose of liquidity mining?
      • What’s the difference between staking and liquidity mining?
      • What’s the liquidity mining program available on IX Swap right now?
      • What happens to my LP tokens now that liquidity mining on Ethereum has not been extended?
      • What’s the APY for liquidity mining?
    • Liquidity Mining Programs
      • How do I join IX Swap’s liquidity mining program on Uniswap?
      • How do I join IX Swap’s liquidity mining program on Polygon?
    • Staking Programs
      • How do I stake IXS on Ethereum?
      • How do I stake IXS on Polygon?
      • How do I stake WIXS on Polygon?
      • How do I bridge my IXS token to Polygon?
      • How do I claim my vested IXS tokens?
  • STO Swaps
    • How do I get accredited for security token usage?
    • How do I deposit my security token?
    • How do I become a liquidity provider?
    • How do I swap tokens?
    • How do I withdraw my security token?
    • What’s the purpose of the "chart" tab?
  • Staking
    • What is staking?
    • What are the different staking programs on IX Swap?
    • Where can I monitor all of IX Swap’s staking and liquidity mining programs?
    • Why do I have to pay gas fees when I stake?
    • What are the staking rewards?
    • How do I see my available staking rewards?
    • How do I claim my staking rewards?
    • Can I stake my IXS on exchanges?
    • Why did you remove the staking pools on Ethereum?
    • Is there compounding interest in IX Swap's staking programs?
    • Can I withdraw my staked tokens before the staking period is up?
    • How do I unstake my principal?
    • What is a bonding curve?
    • What is vesting?
    • When does rewards vesting happen?
    • What’s the difference between APY and APR?
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On this page
  • The Accredited Investor Regime
  • Why become an Accredited Investor?
  • Who can be an Accredited Investor?
  1. IX Swap
  2. Initial Setup and Onboarding

What is an Accredited Investor?

The Accredited Investor Regime

MAS implemented legislative amendments aimed at enhancing regulatory safeguards for investors in 2018. The criteria for an investor to qualify as an Accredited Investor has been refined and with effect from 8 January 2019, the introduction of an opt-in regime will provide investors the option of electing for Accredited Investor status.

Why become an Accredited Investor?

An Accredited Investor generally has access to a wider range of financial products and services. These include restricted products like structured notes, equity linked notes and selected bonds.

Accredited Investors are assumed to be better informed, better able to access resources to protect their own interests, and therefore, would require less regulatory protection. Investors who agree to be treated as Accredited Investors therefore forgo the benefit of certain regulatory safeguards. When the bank deals with Accredited Investors, we're exempt from complying with certain regulatory requirements of the Financial Advisers Act (FAA), the Securities and Futures Act (SFA) and related regulations that are meant to provide regulatory safeguards to retail customers.

Who can be an Accredited Investor?

Any investor who meets any one of the qualifying criteria and has opted in to be treated as an Accredited Investor.

For individuals to qualify to become Accredited Investors, they have to meet at least 1 of the following 3 criteria:

  1. Income in the preceding 12 months is not less than SGD300,000 (or its equivalent in a foreign currency)

  2. Net personal assets exceeding SGD2 million (or its equivalent in a foreign currency) in value, of which the net value of the investor's primary place of residence can only contribute up to SGD1 million

  3. Net Financial Assets exceeding SGD1 million (or its equivalent in a foreign currency) in value

In order for joint accounts to qualify for Accredited Investor status, they have to meet the following 2 criteria:

  1. At least 1 joint account holder must qualify as an Accredited Investor and have opted in for the status

  2. All other joint account holders who do not qualify for Accredited Investor status on an individual capacity must opt in for Accredited Investor status for the joint account

If any of the joint account holders has not opted in for Accredited Investor status, the joint account will be designated as a retail joint account. Consequently, none of the joint account holders will be able to transact through that joint account as Accredited Investors.

Similarly, if any of the joint account holders opts out of Accredited Investor status, the joint account will be re-designated as a retail joint account. None of the joint account holders will then be able to transact through that joint account as Accredited Investors.

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Last updated 1 year ago