Bicnex.

How to Apply for P2P Fiat Trade Merchant

In order to better serve our users while increasing the liquidity of P2P Fiat Trade trading desk, We have launched the global P2P Fiat Trade Merchant Recruitment Program. We invite global merchants to apply and enjoy exclusive benefits.

1.What is P2P Fiat Trade?

P2P Fiat Trade is an information intermediary service platform that offers users digital assets and legal tender transaction services. It provides services for merchants to settle on the platform.

2.What are the benefits of becoming a P2P Fiat Trade Merchant?

• 24-hour exclusive customer service to help you improve transaction efficiency
• Zero transaction fee on advertisements
• Professional legal and support services to help you quickly resolve your order questions
• More upcoming exclusive benefits

Rules for Settlement of P2P Fiat Trade Merchants

Platform's services are offered to its members by [SKY CHALLENGER LIMITED] via the Platform and client, mainly including: issuance of information on digital assets transactions, digital assets transaction management services, user services and other transaction support services, subject to the service portfolios actually provided by the Platform.

Legal Binding Force of the Rules

Merchants shall carefully read the Rules and other relevant legal documents and rules applicable to the Platform published by Exchange Platform before applying for the "qualification of P2P Fiat Trade". Once merchants start the application processes, it is deemed that merchants fully understand and agree to accept the Rules and other relevant legal documents and rules applicable to the Platform published by Exchange Platform. Merchants shall independently assume corresponding legal responsibilities arising from the violation of the Rules and other relevant legal documents and rules applicable to the Platform published by Exchange Platform.

Service of Notice

For notices, any other agreement, announcement and notices about merchants' accounts and services issued by the Platform to merchants, merchants agree that the Platform may serve such notices or other communications via Platform announcement, internal mail, e-mail, SMS, wireless communication device, or mails, which shall be deemed duly served on the date of delivery (notices sent to members by mail shall be deemed duly served on the third natural day after such notices are mailed to the contact address maintained by members on the Platform). The Platform will not assume any responsibility against the failure of members to receive the aforesaid notices on the date when such notices are deemed duly served due to reasons not attributable to the Platform (including inaccurate or invalid e-mail address, mobile phone number, and contact address, and information transmission failure).

Merchant Certification Service

Platform also offers you certification service for improved transaction safety and higher identity confidence level of registered users. When you apply for certification, the Platform is entitled to take all measures it deems necessary to identify users' identity. However, as an ordinary network service provider, the Platform makes no guarantee against the accuracy and absolute authenticity of the identification result.

Documents for Merchants' Settlement Application

Merchants applying for settlement shall provide the following documents:

1. P2P Fiat Trade Merchants Application Form
2. Scanning copy of the applicant's identity document in case of individual
3. The following information shall be provided in case of an entity

Basic information of the entity;

Scanning copy of ID card of the entity's principal;

Letter of Authorization issued by the entity to authorize the individual to operate the account;

Other documents required by the Platform.

Assets Margin

After merchants pass the KYC and anti-money laundering review of the Platform, the Platform will ask merchant to deposit certain margin in their accounts on the Platform as the guarantee for their compliant operation. The Platform is entitled to dispose the margin of P2P Fiat Trade merchants, including but not limited to freezing and deduction in case of the following circumstances:

1. P2P Fiat Trade merchants are judged to be liable for and perform corresponding obligations in the event of any dispute during the transaction, but they refuse to do so
2. P2P Fiat Trade merchants use the Platform for illegal activities
3. P2P Fiat Trade merchants violate the Rules and other relevant legal documents and rules applicable to the Platform published by the Exchange Platform.

For the avoidance of doubt, the Platform has the right to allocate the responsibilities referred to in paragraph (1) in this article provided that the Platform shall diligently, impartially and objectively allocate the responsibilities as per the Rules and general business practices.

Not Used for Illegal or Prohibited Purposes

Accepting all the terms of the Rules is a prerequisite for merchants to apply for certification. Merchants hereby represent and warrant that merchants will not:

• Apply for certification for any illegal or prohibited purpose under the Rules
• Use application services in any way that may damage, paralyze, overload or damage the services or platforms of other websites or websites, or interfere with others in applying for settlement; and
• Obtain or attempt to obtain any data or information in any way without the permission of the Platform.

Disclaimer

Merchants understand and agree that the Platform will bear no responsibility under the following circumstances:

1. Personal information of merchants leaked as merchants tell others their password or fail to properly keep their password, share their account with others, or due to any other reasons not attributable to the Platform
2. Leakage, loss, embezzling or tampering of any certification information due to hacker attack, computer virus invasion or attack, technical adjustment of telecommunication department, temporary closure caused by government control, any third-party reasons (including force majeure, such as failure, fire, flood, lightning stroke, earthquake, flood, typhoon, tornado, volcanic eruption, epidemic of plague and infectious diseases, strike, war or violence or similar events suffered by international export trunk lines and international export telecommunication providers), and any other fault not attributable to the Platform
3. Leakage of bank account information caused by other websites (including online bank) linked to the Platform and any legal dispute or consequence arising therefrom
4. Any failure to pass the certification or any other loss caused by errors, incompleteness and untrue information provided to the Platform by merchants
5. Defrauded assets of merchants due to reasons not attributable to the Platform

Remarks The Platform's review of basic information of merchants and ordinary users does not indicate that P2P Fiat Trade merchants and users are 100% trustworthy. The Platform does not provide any form of warranty or guarantee against the authenticity of the basic information of merchants and ordinary users. Payment of margin by merchants shall also not be interpreted as any form of warranty or guarantee made by the Platform against the safety of merchants or ordinary users. To protect their own rights, merchants and ordinary users shall strictly follow transaction processes, carefully check the basic information of the counterparty and have close communication with the counterparty, thus choosing reliable counterparty to ensure transaction and asset safety. In addition, considering the unique features of digital assets transactions, merchants and ordinary users shall pay special attention to anti-money laundering and anti-terrorist financing and check the identity of the counterparty in strict accordance with the requirements on KYC and anti-money laundering, otherwise, merchants or ordinary users may face freezing account and other risks due to suspected crime of the counterparty.