Recently, several projects have restricted participation based on national identity, such as the ongoing Soon project and the Solayer new project on the Buidlpad platform starting in a few days. These projects cannot pass KYC solely based on national identity, and at this time, the Palau ID can be useful.
Registering for the Palau ID costs 248U per year, which is a bit expensive but worth it, as some projects with entry barriers can be accessed successfully through the Palau ID certification. Participating in one project may earn it back. It is recommended for people in the cryptocurrency circle to have one. After registration, you can receive the physical ID card in about a month.
Operation tutorial: Open the official website, register with your email, bind your wallet (the wallet must have 248U, it is recommended to use BNB chain or Poly chain, Gas is cheap), click on 'Apply Now' on the homepage, then click 'Start Application' in the ID section, first pay 248U as required, then upload your domestic ID card, face recognition, leave a domestic Chinese address for delivery, and patiently wait for more than a month to receive the physical card.
Palau ID registration official website: https://rns.id/?rc_by=QctSUzzP
