Chemix Ecosystem Documents
  • General View
    • Chemix Ecosystem knowledge base
    • Roadmap
  • Chemix Auction
    • Chemix Auction: the marketplace for Web3 evangelists
    • Dutch Auction
    • Fixed price auction
    • User Identification
    • How to participant an Auction
    • How to issue your own sale
    • How to earn on Chemix Auction
  • Chemix Eco Token Economics
    • The Multi-token model of Chemix Ecosystem
    • The CEP token
  • Risk Disclosure
    • Risk factors
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  1. Chemix Auction

User Identification

Before participation in the auction of any assets on Chemix Pad, users need to apply for KYC verification (for non-Chinese and US users). By KYC verification we can guarantee that all participants in auctions perform seriously, and try to avoid attacks such as witch attack, dust attack, etc.

The crypto regulation in different regions around the world are various, main economic entities like the US and China have strict rules on crypto funding. Thus, KYC users from the US and China are not allowed to participate in auctions on Chemix Pad currently. We will pay attention to updates of regulations across different regions, making sure our business will not be affected by local restrictions.

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Last updated 2 years ago