What is PureFi Protocol (UFI)? Regulatory Compliance Solutions for dApps

Bittime - The world of dApps is growing rapidly, but is hampered by complicated regulations. PureFi Protocol (UFI) comes as an innovative solution that enables dApps to achieve regulatory compliance without compromising decentralization and user anonymity.

What is PureFi Protocol (UFI)?

PureFi Protocol is a leading solution that enables dApps to fully comply with local and global regulations, without compromising decentralization and user anonymity. The platform offers a variety of innovative features to help dApps achieve compliance, including:

• Identity Verification ( KYC ) and Anti-Money Laundering (AML): PureFi provides secure and efficient KYC and AML solutions, enabling dApps to verify user identity and prevent illegal activities.
• Risk Filtering: PureFi uses advanced AI technology to identify and filter high-risk transactions, helping dApps to protect themselves from fraud and other malicious activities.
• Regulatory Reporting: PureFi provides easy-to-use reporting tools to help dApps meet regulatory reporting requirements in various regions.

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PureFi Protocol (UFI) Key Products & Features

• PureFi Connect: An integrated KYC and AML solution that enables dApps to easily and securely verify user identity.
• PureFi Oracle: An oracle service that provides verified and trusted data on regulations and compliance.
• PureFi Analytics: An analytics platform that helps dApps to monitor and track compliance risks.
• PureFi Compliance Suite: A comprehensive solution that includes all the tools and services dApps need to achieve regulatory compliance.

Also read: What is Magic Internet Money (MIM)? Decentralized Finance Platform

What is UFI Token?

The UFI token is the native utility token used in the PureFi Protocol. UFI tokens are used for:

• Paying fees: dApps users need to use UFI tokens to pay PureFi service fees, such as KYC and AML.
• Stake: UFI token holders can stake their tokens to earn rewards and help secure the PureFi network.
• Governance: UFI token holders have a say in the governance of PureFi Protocol, including protocol development and fund allocation.

UFI Token Tokenomics

• Maximum Supply: 100,000,000 UFI
• Distribution:
  • 25% - PureFi Team
  • 25% - Public Sale
  • 25% - PureFi Ecosystem
  • 25% - Reserve Fund
• Release Schedule:
  • 20% released at launch
  • 80% released linearly over 4 years

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PureFi Protocol (UFI) Fundamental Analysis

• Team: PureFi has an experienced team with backgrounds in blockchain, finance, and regulation.
• Technology: PureFi uses cutting-edge blockchain technology to ensure security and privacy.
• Partnerships: PureFi has established partnerships with several leading companies in the blockchain and finance industry.
• Adoption: PureFi has been adopted by several leading dApps.

PureFi Protocol (UFI) Price Prediction 2024

Predicting cryptocurrency prices correctly is difficult because it is influenced by various factors, such as technological developments, regulations and market sentiment. The following is the estimated price of UFI in 2024 based on analysis of CoinMarketCap and CoinGecko data as of February 27, 2024:

Optimistic Scenario

• Highest Price: IDR 14,000 - IDR 18,000
• Supporting factors:
  • Increased adoption of PureFi Protocol by dApps
  • Launch of new products and features
  • Strategic partnerships with well-known companies
  • Market sentiment is positive towards cryptocurrencies

Moderate Scenario

• Average Price: Rp. 8,500 - Rp. 11,500
• Supporting factors:
  • Steady growth of dApps and blockchain industry
  • Regulatory developments supporting cryptocurrencies
  • Increasing public awareness and interest in UFI

Pessimistic Scenario

• Lowest Price: IDR 5,000 - IDR 7,000
• Supporting factors:
  • PureFi Protocol adoption decline
  • Tough competition from other platforms
  • Negative market sentiment towards cryptocurrencies

It's important to remember

• These predictions are only estimates and cannot be used as a guarantee.

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Conclusion

PureFi Protocol is a leading solution that helps dApps achieve regulatory compliance.

With an experienced team, strong technology and strategic partnerships, PureFi has the potential to become a major player in the blockchain industry.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on  Bittime ,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime .

Monitor price chart movements  for Bitcoin (BTC) ,  Ethereum (ETH ) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.