PureFi UFI Price

What is PureFi (UFI)?

Bridging TradFi and DeFi: PureFi Protocol's Mission

In the dynamic world of blockchain and decentralized finance (DeFi), PureFi (UFI) emerges as a groundbreaking protocol on a mission to bridge the gap between Traditional Finance (TradFi) and DeFi. Founded in 2021 by Slava Demchuk and Mykhailo Tiutin, PureFi aims to facilitate real mass adoption by providing a decentralized solution that maintains user anonymity through its innovative Zero-Proof Knowledge architecture.

Innovative Compliance Tools: Upholding Integrity in DeFi

At its core, PureFi serves as a vital link between liquidity pool users (LP Users), liquidity pool operators (LP Operators), and issuers, creating a seamless ecosystem for secure and compliant DeFi interactions. The protocol introduces compliance tools, such as Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures, through Verifiable Credentials and Self-Sovereign Identity. These tools act as a safeguard against the risks associated with illicit activities, ensuring the integrity of the DeFi sector.

Pioneering DeFi AML Protocol: A Collaboration for Security

One of PureFi's standout features is its role as the only DeFi AML protocol for cryptocurrency onboarding, developed in collaboration with AMLBot and the Hacken Foundation. This collaboration aims to provide a comprehensive solution for crypto asset analytics and AML/KYC procedures within the DeFi market.

Cross-Chain Innovation: Setting Industry Standards

PureFi operates as a cross-chain protocol, adhering to the latest industry standards for Ethereum, Binance Smart Chain (BSC), Polkadot, Cosmos, and Casper Labs. Unlike traditional protocols that rely on a single KYC/AML data provider, PureFi stands out as an open market for verified providers, creating a competitive and transparent marketplace for delivering machine learning analysis to DeFi market players.

UFI Token: Empowering PureFi's Ecosystem

The heart of PureFi is its native ERC20 token, UFI, minted on both the Ethereum blockchain and BSC. UFI serves as the key utility token within the PureFi protocol, enabling access to PureFi services, facilitating circulation within the ecosystem, and allowing users to receive new oracles and protocol updates. Additionally, UFI plays a crucial role in enabling crypto asset analytics and identity verification.

Regulatory Compliance for DeFi: Integrating with dApps

PureFi's significance is further emphasized by its integration with dApps, enabling them to comply with both local and global regulations while preserving decentralization and user anonymity. This unique approach to regulatory compliance sets PureFi apart as a pioneer in creating a secure and trustworthy environment for DeFi projects.

Revolutionizing DeFi: PureFi's Commitment to Innovation

In conclusion, PureFi Protocol stands at the forefront of the DeFi revolution, offering a transformative solution to the challenges of bridging TradFi and DeFi. With its commitment to user anonymity, compliance, and innovation, PureFi is poised to play a pivotal role in bringing about the widespread adoption of decentralized finance.

What is unique about PureFi (UFI)?

PureFi Protocol uniquely bridges the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi), offering a decentralized solution that prioritizes user anonymity through its Zero-Proof Knowledge architecture. It stands out as the only DeFi AML protocol, providing essential compliance tools such as AML and KYC procedures to safeguard against illicit activities while preserving the integrity of the DeFi sector.

Who are the founders of PureFi (UFI)?

PureFi Protocol was founded in 2021 by Slava Demchuk and Mykhailo Tiutin, visionaries committed to revolutionizing the DeFi space. Their leadership and innovative approach have positioned PureFi as a transformative force in the blockchain and cryptocurrency landscape.

Who are the backers/investors of PureFi (UFI)?

PureFi Protocol has garnered support and collaboration through partnerships with AMLBot and the Hacken Foundation. These collaborations underscore the protocol's commitment to security and compliance within the DeFi market.

Where can I buy PureFi (UFI)?

You can buy PureFi (UFI) on Uniswap V3 (Ethereum), Uniswap V3 (BSC), Uniswap V2 (Ethereum), PancakeSwap (v2) cryptocurrency exchanges.