Scaleswap and PureFi are pleased to announce that they have entered into a global strategic partnership, combining PureFi’s excellence in DeFi compliance services and Scaleswap’s industry-leading expertise in launching IDOs.
13–12–21 PureFi, a decentralized protocol that provides compliance tools while maintaining the anonymity of users, and Scaleswap, a decentralized multi-chain IDO launchpad, entered into a strategic partnership combining PureFi’s excellence in DeFi compliance services and Scaleswap’s industry-leading expertise in launching IDOs.
With compliance playing an increasingly critical role in every aspect of DeFi, cryptocurrency companies recognize the need to accelerate the further upgrade of their digital solutions and add another AML check layer to ensure they retain a competitive edge amongst other players on the market. The PureFi-Scaleswap partnership brings together the technology development, deployment, and continuous ecological responsibility of using launchpads to help projects launch successfully and sustainably into the world of DeFi.
Scaleswap will become the beta testers of the PureFi MVP solution. According to the partnership agreement, Scaleswap will integrate the AML check button into their Whitelist form for the users.
“Scaleswap — PureFi is a powerful combination. To me, Scaleswap is a solid birthplace for projects entering the world of DeFi, and I am happy they recognize the need to weed out the dishonest players from the game on such an early stage like IDO,” says Slava Demchuk, the CEO of PureFi
“At Scaleswap, we look into the near future of the blockchain ecosystem and recognize the real need for regulatory compliance. An AML self assessment wallet widget — a fantastic free feature made by PureFi, will help the user to understand the risks for him and therefore mitigate them early enough” says Stan Stolberg, the CTO of Scaleswap.
PureFi is the only DeFi compliance protocol for mitigating risks of interacting with high-risk illicit assets and onboarding institutionals into DeFi. Developed by AMLBot in partnership with Hacken Foundation, aims to provide a full-cycle solution for crypto asset 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 to provide crypto assets analytics and protect honest DeFi market players from “dirty money” risks. For example, the liquidity pool user will avoid the risk of getting an illegal money trail using the Verifiable Credentials certificate with his full-fledged AML/KYC data.
Scaleswap is the first truly fair IDO launchpad, focused on transparency and a long-term vision to transform IDOs into a more sustainable, market-independent, and community-driven launch strategy where fair treatment and remuneration of loyal community members is of the highest priority.