PureFi UFI Price $ 0.153

PureFi is the only DeFi AML protocol for cryptocurrency onboarding.

Developed by AMLBot in partnership with Hacken Foundation it aims to provide a full-cycle solution for cryptoasset analytics and AML/KYC procedures on the DeFi market.

PureFi within a set of smart contracts will connect KYC/AML providers with DeFi users and Dexs/Defi projects in order to provide cryptoassets analytics and protect honest DeFi market players from “dirty money” risks.

PureFi will be a cross-chain protocol based on the latest industry standards for Ethereum, BSC, Polkadot, Cosmos, and Casper Labs. Moreover, PureFi would not use information from one KYC/AML data provider, instead, we will be an open market for verified providers delivering ML analysis to DeFi market players.

How PureFi protocol works

PureFi protocol makes use of 3 general types of users:

Liquidity Pool Users (LP Users)

• Users that wish to put their coins into Liquidity Pool and have to prove to Liquidity Pool Operators that their funds are clear.

Liquidity Pool Operators (LP Operators)

• Users that control and operate Liquidity Pools, willing to take Liquidity (coins) from LP users, but want to be sure that dirty assets will not pass into their pools.

Issuers

• Users (rather companies or enterprises) that are focused on monitoring dirty crypto and can be a trusted party between LP Users and LP Operators that both will rely on when taking decisions within KYC/AML procedures.

PUREFI token (UFI)

PUREFI token (UFI) is the ERC20 token minted on the Ethereum blockchain and Binance Smart Chain (BSC) that empowers the PUREFI protocol.

The key utility function of UFI is to provide access to PureFi services, to enable the circulation within PureFi protocol, receive new oracles and protocol updates, as well as enable cryptoasset analytics and identity verification.