PureFi Price (UFI)

What Is PureFi(UFI)?

PureFi protocol provides the analysis of crypto wallets and transactions via AML databases in a form of Certificates based on the Verifiable Credentials standard - a machine-readable by-default presentation of the data.
Each Certificate contains information about asset price, AML/KYC, and other metadata - so it can be used as a full-fledged AML/KYC verification for any legal/validation purposes. Verifiable Credentials format enables selective disclosure protocol usage thus enabling credentials holders to securely share the minimum required amount of data with validators. PureFi will also utilize a Zero Knowledge-based approach to generate secure data proofs capable of being validated with on-chain contracts. This provides users with the unique opportunity of receiving a PureFi Certificate and getting it validated on-chain without any third parties.

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 making decisions within KYC/AML procedures.

In general, PureFi Protocol makes use of the PureFi Certificates, issued by Issuers to the address of LP Users, and allows LP Operators to build both manual and/or automatic (on-chain) Certificate validation. In case when automatic on-chain validation is applied, the Liquidity pool can instantly accept coins and issue LP tokens.

Who Are the Founders of PureFi(UFI)?

• Slava Demchuk, CEO / FOUNDER
• Sasha Antropov, CO-FOUNDER, BDO 
• Mykhailo Tiutin, CTO / CO-FOUNDER

What Is PureFi(UFI) Token?

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.

There are four levels of service models based on the capacity a client would need PureFi services. In all models PureFi accepts most major cryptocurrencies, UFIs and fiat as a payment.

• Basic – occasionally service usage. Basic tariffs.
• Subscription – more frequent service usage. A user can subscribe for 6 or 12 months service packages and be eligible for the overall subscription discount (SD). The subscription fees are paid in most major cryptocurrencies, UFIs and fiat. A user is issued with an expired and non-tradeable derivative of UFI (UFI-D) associated with a particular service package via Non-collateral PureFi lending protocol. 
• Professional – big players: DEXs, LPs, funds, protocols, etc. are eligible for the professional packages discount (PD). Pre-conditions – that also might be borrowed through non-collateral PureFi lending protocol.
• Issuer – a compliance provider sorted out and vetted with PureFi standards. There is a pre-condition to be met – UFIs pooling.

What Are the Usecases of PureFi(UFI)?

• Case A: the user supplies liquidity to the unregulated liquidity pool.
  PureFi will provide an intermediate smart contract that will stand between the user and the liquidity pool smart contract. The user will have to obtain a Certificate from the Issuer before adding liquidity to the pool. When an intermediate smart contract is triggered, it validates the issued Certificate, checks for the risk factor to be within the defined range, and approves further funds transfer to the liquidity pool. The liquidity tokens are directly transferred to the user’s wallet and never reach an intermediate contract.
• Case B: the user supplies liquidity to the regulated liquidity pool.
  In case Liquidity pool operators are willing to check for the ML risks (and KYC, optionally) for any crypto deposited into their pool, they may directly integrate a smart contract code that will validate PureFi Certificates. This way the user has to obtain a Certificate upfront and provide this certificate when adding liquidity into the pool. PureFi protocol allows for generating Certificate proofs that allow public pools to validate Certificates without disclosing any private data. 
• Case C: the liquidity pool operator accepts liquidity from the unknown user.
  The liquidity pool operator accepts liquidity from users, then parks this liquidity and triggers the Issuer to provide the transaction hash. Issuer validates incoming crypto and provides the liquidity pool operator with the PureFi Certificate. Based on Certificate data received, the liquidity pool operator may accept the crypto and issue liquidity tokens back, or reject the payment. At any point, the user may withdraw their funds from the parking lot, or get liquidity tokens back.
• Case D: The decentralized exchange has regulatory restrictions on user registration (e.g. DEX does not authorize US residents and users under the age of 18).
  First, the user obtains the PureFi Certificate from one of the Issuers. Then, provides information required by the DEX by generating secure PureFi Certificate proof locally, on its device, thus providing the DEX with a cryptographically strong proof (ZK SNARK based) that requested data matches regulation requirements without DEX accessing users private data. In this way, the user remains completely anonymous, and DEX meets the regulatory requirements. 
• Case E: The tax authority requests information about the origin of users’ funds and the price of crypto assets purchased. Assuming the user obtained the PureFi Certificate from the Issuer when the initial operation was performed (liquidity added into the DEX pool, for example), the user can prove the origin, price, and ML risks taken to the tax authority.
• Case F: A law enforcement agency makes a request to the user due to the initiated criminal case in which the dirty money trail led to the user (through the unregulated DeFi). Assuming the user obtained the PureFi Certificate from the Issuer when the initial operation was performed (liquidity added into the DEX pool, for example), the user can prove the origin, price, and ML risks taken to the law enforcement agency.

Where Can I Buy PureFi(UFI) Token?

Investing in PureFi(UFI) Token can seem complicated, but it is much easier when you buy PureFi(UFI) Token through a cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold PureFi(UFI) Token — both for fiat money and other cryptocurrencies. Some of the most popular PureFi(UFI) Token cryptocurrency exchanges are:

• gate.io
• Bilaxy

PureFi (UFI) Community

• Twitter: https://twitter.com/Purefi_Protocol
• Reddit: https://reddit.com/r/Purefi
• Medium: https://purefi-protocol.medium.com/
• Telegram: https://t.me/purefiprotocol

What is PureFi (UFI) Contracts address?

• Ethereum: 0xcDa4e840411C00a614aD9205CAEC807c7458a0E3
• BNB Chain(BEP20): 0xe2a59D5E33c6540E18aAA46BF98917aC3158Db0D
• Polygon: 0x3c205C8B3e02421Da82064646788c82f7bd753B9