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.