Token Mint Partnership

As a Token Mint partner, you will be able to mint, issue and redeem NGNT. You will become a Director at Token Mint Centre and be equally responsible for the growth and adoption of NGNT across Africa.

Requirements for partnership include:

• Registration with the Corporate Affairs Commission (CAC).

• A bank account with a commercial bank in Nigeria.

• Tax-reporting with KYC/AML policies for customers.

Bank Account Creation Guidelines

• Minters must create a separate bank account for this purpose. A minimum deposit of 5 million Naira is required to fund this account. This will give the partner the right to mint 5,000,000 NGNT. Partners may earn interest on their reserves either via fixed deposit or negotiating something with the bank

• Each minter will have, fund and manage their own bank account(s). This is in order to reduce centralization.

• Partners may earn interest on their reserves either via fixed deposit or other negotiations with the holding bank.

• Mandate to withdraw on this account must include a Token Mint stakeholder who is not an affiliate or employee of the partner organization as a signatory. This is to ensure balances are maintained while keeping the system as decentralised as possible.

• All online banking accounts must all be read-only

Withdrawal Guidelines

• Send transaction hash of burned tokens and the required board resolution to be signed.

• Validate hash uniqueness and the event that actually occurred.

• Partners can withdraw excess Naira from interest earned on deposits or over-funding without a burn hash.