Step 1: To set up the nomination function, existing and new users can access the nomination tab and select up to 5 individuals to be their beneficiaries.
Step 2: Allocate your desired percentage of funds from your wallet to the selected nominees. Note that they will not be informed about the percentage you have allocated to them.
Step 3: Once the nomination request has been sent from the user, the selected nominees will have to log in to their existing DIFX account or create a new account and complete the KYC requirements to accept or decline the request.
Step 4: Once KYC has been completed, the nominee will be an official beneficiary of the DIFX user’s crypto funds in case of demise.
Step 5: Upon the demise of the user, the nominated individuals will have to follow the set procedure and upload the necessary documentation and await a claim audit.