Nomination
Last updated
Last updated
Nomination is the legacy planning feature for the users, where the user can designate allocation of assets to the nominess, who will receive the pre-set percent of the allocation on the unfortunate event of demise of the user.
User can allot up to 5 individuals as beneficiaries. These individuals will also need to have registered accounts under Zenit World exchange with approved KYC, in order to be set as nominees.
Select the nomination section within the explore menu
Enter the desired percent of funds from the wallet to the nominees.
Percentage allocation will include all digital assets, considering all the digital assets of all wallets together in a lumpsum
When the nomination is being set by the user, the nominees being added will receive a notification of being added as a nominee by the user and can proceed to accept or decline the request. However, the nominee will not receive a notification of the percentage allocated
On the unfortunate event of the demise of the user, the nominee will need to upload the necessary documents and patiently cooperate in an audit on the claim before the assets are released.
