PureFi, a highly renowned AML protocol provider for Decentralized Finances (DeFi), to safeguard the DeFi market against the risks of money laundering and terrorist financing is to enter into a strategic & technical partnership with Envelop, a flexible cross-chain toolset able to give any NFTs new functionality such as economic set-up, on-chain royalties, rental mechanism, time/value/event-locks, protection of devaluation, and the anti-fraud system.
Through the mutually beneficial partnership, integration of the security protocol into the Envelop oracle is to be implemented, where PureFi protocol will be used to determine the purity of the origin of the funds within the Envelope’s oracle. Envelop, in turn, will help PureFi to create a unique and innovative loyalty program by providing its core service — wrapping NFTs.
Alexander Shedugubov, the CEO of Envelop, commented on the partnership: “It’s clearly a WIN-WIN type of partnership for us — we get to show how our product works and get the AML provider to check our private round investors, what’s not to like? I’m beyond excited to start collaborating with PureFi.”
Slava Demchuk, the CEO of PureFi, noted: “I am happy to see that more and more Blockchain projects see the essential need for AML services. This is exactly what we are striving for. Besides, I am happy to get to co-create the PureFi Crypto Saga loyalty program finally. Can’t wait to reward PureFi’s community with something innovative and beyond exceeding any expectations.”
ENVELOP is a cross-chain protocol that utilizes NFT as storage for cryptocurrencies or additional NFTs in a process called “wrapping.” Using the protocol, it’s possible to add any digital asset inside NFTs. The assets, also known as collateral, can range from static to dynamic, with custom programmable fees charged with every transaction and stored into a vault for later withdrawals.
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PureFi is the only DeFi AML protocol for cryptocurrency onboarding. It 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 asset analytics and protect honest DeFi market players from “dirty money” risks.
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