What is Identity Verification? Do I need to complete and pass the Identity Verification procedures before entering the Community Hub?

Identity Verification is the process users/corporates are required to complete to verify their identity either before they register a formal account or do the business, with the objectives of preventing users/corporates from being intentionally or unintentionally manipulated by criminal offences, such as bribery, corruption and money laundering activities.

Plutux Exchange, as a regulated crypto-to-crypto exchange, endeavours to create a safe and transparent trading platform by requiring our users to go through our Identity Verification procedure to complete their account registration. Users can pre-register and enter the Community Hub, experience the BullRun and earns Shards without undergoing our Identity Verification. However, when redeeming their Shards and withdrawing the subsequent rewards, users will need to complete and pass the whole Identity Verification process.