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PureFi

PureFi is a protocol designed to provide platforms with and compliance solutions. It enables secure, privacy-preserving verification of assets and user identities through Verifiable Credentials and . [1] 

Overview

PureFi Protocol enables to comply with regulatory requirements while maintaining user anonymity. Developed by AMLBot and , it offers a comprehensive solution for asset analytics and / procedures within the infrastructure. Rather than relying on a single provider, PureFi creates an open market for verified data providers to offer / services. It generates certificates containing information on asset prices, / data, and metadata using the Verifiable Credentials standard for secure sharing. PureFi also uses zero-knowledge proofs for on-chain validation without third-party involvement. [2][3]

PureFi Protocol involves three types of users: Users, who want to contribute funds to a pool and must prove their assets are clean; Operators, who manage pools and seek assurance that no illicit assets are accepted; and Issuers, typically companies that monitor for suspicious activity and act as trusted intermediaries in / procedures. The protocol uses PureFi Certificates issued by the Issuers to Users' addresses, allowing Operators to verify the certificates manually or automatically on-chain. Automated validation enables instant acceptance of funds and issuance of tokens. [2][3]

Proof of Humanity

Proof of Humanity (PoH) is a decentralized verification protocol designed to create a reliable system for identifying individuals using technology. The system operates through registration, verification, and a reputation system. Users register by completing tasks that cannot be automated, such as social interactions. Verification occurs when registered users vouch for the authenticity of new participants. Each user’s reputation is based on endorsements and online activity, influencing trustworthiness and access to protocol benefits. PoH ensures fair distribution of rewards, enhances security by preventing fraud, and operates independently of centralized entities, supporting decentralization. PureFi Protocol integrates PoH to strengthen security and reliability. [4]

Products

Regulated DEX

The PureFi Regulated integrates compliance measures into a decentralized platform, aiming to make decentralized trading more appealing to institutional investors. It addresses evolving regulatory demands while maintaining the transparency and verifiability of , ensuring it remains a compliant and viable option for various market participants. [5][6] wiki

Verifiable Credentials (VCs)

PureFi Protocol addresses AML/KYC challenges using Verifiable Credentials, a machine-readable data standard. Verifiable Credentials (VCs) offer a secure, private method for verifying identity through cryptographically signed data from trusted parties, such as information, credit scores, or educational qualifications. Unlike traditional systems, VCs are stored in the user's identity wallet, keeping credentials private and under user control without exposing them on a public ledger. By incorporating zero-knowledge technology, VCs allow users to prove the validity of their credentials without revealing sensitive details, ensuring only necessary information is shared with consent. These credentials have broad applications, from finance to education, providing reliable verifications while prioritizing privacy. PureFi Protocol demonstrates how VCs can enhance security and privacy in digital transactions, illustrating their potential for reshaping digital identity verification. [7][8]

On-Chain KYC

PureFi's On-Chain offers a compliance solution for that enhances credibility by demonstrating adherence to regulatory standards boosting trust among users and regulators. It allows easy integration into , providing a streamlined approach to meet compliance requirements. The -based whitelist of -approved addresses ensures transparency. It simplifies audits while reducing verification costs by eliminating the need for repeated checks if a user has been previously verified within another application. [5][9][10]

AML Risk Score

The Risk Score by PureFi provides a solution for identifying and mitigating risks associated with suspicious funds in transactions. It helps businesses and individuals avoid legal and reputational damage by analyzing customers' assets for potential connections to illegal activities. The tool offers clear asset verification, detailed wallet activity analytics, and risk-level transparency. Using advanced algorithms to assess wallet history and transaction patterns, PureFi ensures that businesses can make informed decisions, protect their platforms, and build customer trust through enhanced security and compliance.  [11][12]
wiki

UFI

The PureFi Token (UFI) is an token on the and networks. It facilitates access to PureFi Protocol services, supports token circulation within the protocol, allows for protocol updates and new integration, and enables crypto asset analytics and identity verification. [10][13]

Tokenomics

UFI has a total supply of 100M and has the following allocation: [14]

  • Company Reserve: 23%
  • Adoption Incentives: 14.34%
  • Public Sale: 11.11%
  • Team: 10.55%
  • Marketing: 10.5%
  • Private Round A: 8%
  • Private Round B: 7%
  • HAI Pool: 7%
  • Advisors: 6%
  • Hacken Round: 2%
  • Liquidity Pool: 0.5%

Partnerships

  • Astra DAO
  • Arthera Chain
  • Verida
  • MistTrack
  • VNX
  • OneBoard
  • Curra
  • Marketized
  • AVio
  • Panther
  • Unreal Finance
  • zkSync Era
  • Zenfuse
  • Aurora
  • Forward Protocol
  • Unstoppable Domains
  • CPAD
  • Chainalysis
  • Zone of Avoidance
  • Picipo
  • SupraOracles
  • Gotbit
  • Synaps
  • Scaleswap
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PureFi

Commit Info

Edited By

Edited On

September 17, 2024

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