PureFi

price
change

Discover PureFi's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is PureFi?

PureFi Protocol (UFI) is a decentralized finance (DeFi) platform that focuses on providing comprehensive security solutions for the crypto industry. It conducts thorough risk assessments of projects, offers insurance coverage for investments, and implements robust privacy measures to ensure users' transactions and personal information remain confidential. Additionally, PureFi Protocol incorporates decentralized governance, allowing token holders to participate in decision-making processes. This platform aims to create a secure and private environment for users to invest and transact in cryptocurrencies.

How is PureFi used?

PureFi (UFI) is a cryptocurrency token that powers the PureFi Protocol, a decentralized compliance protocol designed to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). The protocol aims to facilitate mass adoption by providing compliance tools such as Anti-Money Laundering (AML) and Know-Your-Customer (KYC) verification through Zero-Proof Knowledge architecture and Verifiable Credentials & Self Sovereign Identity. This enables institutional investors to participate in the DeFi sector while maintaining user anonymity and protecting against dirty money risks.

How do I store PureFi?

To store PureFi (UFI) tokens, you can use a variety of cryptocurrency wallets that support the Ethereum blockchain. Here are some options:

  1. Atomic Wallet: This wallet supports over 1000 coins and tokens, including PureFi Protocol (UFI). It is available for both desktop and mobile devices and offers private and secured storage of your tokens.

  2. Trust Wallet: This wallet is also compatible with the Ethereum network and can be used to store PureFi tokens. It is available as a Chrome extension and mobile app.

  3. Metamask Wallet: This wallet supports millions of assets and blockchains, making it a versatile option for storing and trading PureFi Protocol (UFI).

When choosing a wallet, ensure it is reputable, secure, and compatible with the blockchain PureFi operates on. Always follow best practices for securing your wallet, such as keeping your seed phrase safe and using strong passwords.

How to buy PureFi?

To buy PureFi (UFI) tokens, you can follow these steps:

Buying Through Centralized Exchanges (CEXs)
  1. Choose a Reliable CEX: Select a trustworthy centralized exchange that supports PureFi (UFI) purchases. Consider factors like ease of use, fee structure, and supported payment methods.

  2. Create an Account: Register on the exchange's website or app, providing the required information and setting a secure password. Enable two-factor authentication for added security.

  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may require government-issued identification documents. This step ensures a secure and compliant trading environment.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.

  2. Buy UFI: Use your added payment method to purchase UFI tokens. You can buy UFI directly with fiat currency if supported, or first purchase a popular cryptocurrency like USDT and then exchange it for UFI.

Buying Through Decentralized Exchanges (DEXs)
  1. Choose a DEX: Select a decentralized exchange that supports PureFi (UFI) and is built on a blockchain compatible with your wallet, such as Ethereum or Binance Smart Chain.

  2. Download a Compatible Wallet: Download a Web3 crypto wallet like MetaMask or a mobile wallet like Trust Wallet, which is supported by the chosen DEX.

  3. Set Up Your Wallet: Create a new wallet address or import an existing one. Make sure to keep your seed phrase safe and note your wallet address.

  1. Buy the Base Currency: Purchase the base currency required by the DEX, such as Ethereum (ETH) or Binance Coin (BNB), using fiat currency.

  2. Connect to the DEX: Connect your wallet to the DEX using your wallet address.

  3. Swap for UFI: Trade your base currency for PureFi (UFI) tokens on the DEX.

Additional Tips
  • Ensure the exchange or wallet you choose supports PureFi (UFI) and has a good reputation for security and liquidity.
  • Be cautious of scams and always use official websites and apps to avoid potential risks.
  • Consider the fees associated with each method, as they may vary.

By following these steps, you can successfully purchase PureFi (UFI) tokens through either centralized or decentralized exchanges.

Discover
PureFi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of PureFi

PureFi (UFI) is a cryptocurrency launched in 2021 and operates on the Ethereum platform. It has a maximum supply of 100,000,000 tokens. The token's historical price data is available, showing its performance over time.

The all-time high (ATH) of PureFi (UFI) is $0.073192 USD. The token's price has fluctuated significantly, with notable increases observed during certain periods. For instance, between November 5, 2023, and December 4, 2023, the token's price increased by 108.62%, with the open price rising from $0.0188 to $0.0393.

In terms of market capitalization, PureFi (UFI) has also shown significant growth. During the same period, its market capitalization increased by 120.98%, from $1,071,963 to $2,368,817. The token's circulating supply has been verified to be 58,422,831 UFI.

Historical price charts for PureFi (UFI) are available, providing detailed information on its price movements over various timeframes. Additionally, the token's price history can be analyzed to understand its potential and make informed investment decisions.

Discover
PureFi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How PureFi works

PureFi (UFI) is a cryptocurrency designed to facilitate compliance and regulatory adherence for decentralized applications (dApps) while maintaining decentralization and user anonymity. Here's an overview of how it works:

Compliance and Regulation

PureFi allows dApps to comply with various regulations and laws without sacrificing decentralization or user privacy. This is achieved through a combination of tools and services that enable dApps to integrate compliance procedures seamlessly.

KYC Module

One key component is the KYC (Know Your Customer) module, which provides an anonymous-to-application solution for KYC verification. This module ensures that users can undergo KYC checks without compromising their privacy.

AML Risk Score

Another important feature is the AML (Anti-Money Laundering) risk score, which helps dApps assess and mitigate money laundering risks. This score is calculated based on on-chain metrics and token market health.

Token Analytics

PureFi also offers token analytics, which provides insights into token market health based on on-chain metrics. This helps dApps make informed decisions about token listings and other activities.

Integration and Support

PureFi supports multiple blockchain networks, including zkSync, BNB, Ethereum, Polygon, and NEAR. This allows dApps to integrate PureFi's compliance solutions across different platforms.

Tokenomics

The UFI token is used to pay subscription fees for PureFi's services. These fees can be paid in UFI, other major cryptocurrencies, or fiat currencies. Users are issued a non-tradeable derivative of UFI (UFI-D) when they subscribe to PureFi's services.

Decentralized Exchanges

UFI can be traded on decentralized exchanges (DEXs) like 1inch, which supports the Ethereum blockchain. Users can connect their crypto wallets to these DEXs to buy and sell UFI.

Centralized Exchanges

UFI is also available on centralized exchanges like KuCoin, where users can buy, hold, and trade it. These exchanges often require KYC verification and offer more traditional trading features.

Wallet Support

PureFi supports various crypto wallets, including Trust Wallet, which can be used to store and manage UFI tokens. Users can download these wallets as browser extensions or mobile apps.

Security and Audits

PureFi's protocol and smart contracts are designed with security in mind. The project has undergone audits to ensure the integrity and reliability of its systems.

Overall, PureFi (UFI) provides a comprehensive compliance solution for dApps, enabling them to operate within regulatory frameworks while maintaining the principles of decentralization and user privacy.

Discover
PureFi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

PureFi's strengths

The token PureFi (UFI) has several strengths that make it a promising investment opportunity:

  1. Compliance and Regulation: PureFi Protocol is designed to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi) by providing compliance tools such as Anti-Money Laundering (AML) and Know-Your-Customer (KYC) verification. This enables institutional investors to participate in the DeFi sector while maintaining regulatory compliance.

  2. Decentralized Protocol: PureFi is a decentralized protocol that ensures user anonymity through Zero-Proof Knowledge architecture. This architecture allows for secure and private transactions, which is crucial for maintaining trust in the DeFi ecosystem.

  3. Tokenomics: The UFI token is minted on both the Ethereum blockchain and Binance Smart Chain (BSC), providing flexibility and scalability. The token's utility function includes access to PureFi services, enabling the circulation of assets within the protocol, and facilitating cryptoasset analytics and identity verification.

  1. Service Models: PureFi offers four levels of service models, catering to different client needs. These models include Basic, Subscription, Professional, and Issuer, each with varying tariffs and discounts. This tiered approach allows clients to choose the level of service that best suits their requirements.

  2. Partnerships and Community: PureFi has partnerships with prominent organizations like AMLBot and Hacken Foundation, which enhances its credibility and expertise in the field of cryptoasset analytics and AML/KYC procedures. Additionally, the project has an active community and a decentralized autonomous organization (DAO) that contributes to its growth and development.

  3. Market Presence: PureFi is listed on several exchanges, including PancakeSwap, Gate.io, and Uniswap V2, ensuring liquidity and accessibility for investors. The token's market capitalization and trading volume indicate a significant presence in the cryptocurrency market.

These strengths collectively position PureFi as a robust and versatile project that addresses critical compliance and regulatory issues in the DeFi sector, making it an attractive investment opportunity.

PureFi's risks

PureFi Protocol (UFI) is a cryptocurrency project that aims to provide a compliance protocol for decentralized applications (dApps) while maintaining decentralization and user anonymity. This project operates on various blockchain networks, including zkSync, BNB, Ethereum, Polygon, and NEAR.

In terms of financial risks, PureFi Protocol has been assessed by InvestorsObserver, which provides a risk analysis based on market metrics. The analysis considers factors such as recent changes in volume and market capitalization to evaluate how susceptible the token is to price manipulation. The risk score ranges from 0 to 100, with lower scores indicating higher risk and higher scores indicating lower risk.

In March 2024, PureFi Protocol received a high-risk assessment from InvestorsObserver, indicating that the token is more susceptible to price volatility and potential losses. However, in September 2023, the same analysis gave PureFi Protocol a low-risk rating, suggesting that the token was less susceptible to price manipulation at that time. These assessments highlight the dynamic nature of financial risks associated with PureFi Protocol.

In addition to market risks, PureFi Protocol, as a DeFi project, is inherently exposed to the risks associated with decentralized finance. These risks include potential security breaches, smart contract vulnerabilities, and regulatory uncertainties that can impact the project's financial performance and stability.

Discover
PureFi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did PureFi raise funds?

Discover
PureFi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

PureFi’s team

  • Slava Demchuk: CEO / Founder
  • Mykhailo Tiutin: CTO / Co-founder
  • Vasily Vidmanov: COO
  • Dunstan Teo: CSO
  • Sasha Antropov: GR.

Whalee AI

The fundamental analysis assistant for crypto value investors.

PureFi NEWS REPORT

Latest news

Want an analysis of PureFi? Tell us on discord.

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM