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About UFI

What is PureFi Protocol (UFI)PureFi Protocol allows dApps to fully comply with local and global regulations while preserving decentralization and user anonymity.Developed by AMLBot in partnership with Hacken Foundation to provide a full-cycle solution for crypto asset analytics and AML/KYC procedures for the Web3 infrastructure.

PureFi Protocol (UFI) is a cryptocurrency launched in 2021. UFI has a current supply of 100.00M with 58.42M in circulation. The last known price of UFI is 0.058743867623 USD and is -0.003108846616 over the last 24 hours. It is currently trading on active market(s) with $47,274.26 traded over the last 24 hours. More information can be found at https://purefi.io.

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UFI Price Statistics
UFI’s Price Today
24h Price Change
-$0.0031088466165.03%
24h Volume
$47,274.2660.47%
24h Low / 24h High
$0 / $0
Volume / Market Cap
0.013774618287
Market Dominance
0.00%
Market Rank
#1745
UFI Market Cap
Market Cap
$3.43M
Fully Diluted Market Cap
$5.87M
UFI Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
UFI Supply
Circulating Supply
58.42M
Total Supply
100.00M
Max Supply
100.00M
Updated Dec 09, 2024 4:51 am
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UFI
PureFi Protocol
$0.058743867623
$0.003108846616(-5.03%)
Mkt Cap $3.43M
There's nothing here for now
Understanding The Impact Of Bitcoin Halving In 2024
Understanding The Impact Of Bitcoin Halving In 2024
Binance Blog published a new article, revealing insights into a recent trend, focusing on the upcoming Bitcoin halving event set for April 2024. This event, occurring approximately every four years, is a significant milestone in the cryptocurrency world, as it reduces the rewards for Bitcoin miners by half, thereby slowing the supply growth of Bitcoin. This mechanism enhances Bitcoin's scarcity, reinforcing its status as 'digital gold' and sparking widespread discussions in the crypto community and beyond. The article delves into the mechanics of Bitcoin halving, explaining that it involves a 50% reduction in the reward miners receive for adding new blocks to the blockchain. This event occurs after every 210,000 blocks are mined, approximately every four years, and is a crucial aspect of Bitcoin's tokenomics. By limiting the supply of Bitcoin, which is capped at 21 million, the halving induces a deflationary effect, distinguishing Bitcoin from traditional fiat currencies that are subject to inflationary pressures. The upcoming halving will see the block reward decrease from 6.25 BTC to 3.125 BTC. Historically, Bitcoin halvings have been pivotal in shaping market dynamics, often leading to significant price increases due to the fundamental economic principles of supply and demand. With each halving, the rate of new Bitcoins entering circulation slows, and if demand remains steady or increases, the price of Bitcoin tends to rise. Past halvings have been followed by notable price surges, with Bitcoin reaching new all-time highs in the years following each event. However, while historical trends suggest potential price appreciation, the article cautions that future outcomes are not guaranteed, as various market factors can influence Bitcoin's price trajectory. The article also explores the broader implications of Bitcoin halvings on the mining industry and the cryptocurrency sector. For miners, halvings mean reduced immediate rewards, which can lead to increased operational costs and necessitate efficiency improvements. This often results in industry consolidation, with larger miners acquiring smaller competitors. Despite these challenges, halvings can drive innovation in blockchain technology, as miners seek new ways to maintain profitability. Additionally, Bitcoin halvings act as catalysts for increased awareness and adoption of cryptocurrencies, challenging traditional financial models and reinforcing Bitcoin's role as a potential store of value. As the 2024 halving approaches, it coincides with other significant developments in the crypto ecosystem, such as the rise of spot Bitcoin ETFs and increased decentralized finance (DeFi) activity. These factors contribute to the anticipation surrounding this year's halving, making it a unique event in Bitcoin's history. The article highlights that while Bitcoin has reached new all-time highs before this halving, the future price trajectory remains uncertain, underscoring the dynamic nature of the cryptocurrency market.
Dec 09, 2024 4:18 am

Frequently Asked Questions

  • What is the all-time high price of PureFi Protocol (UFI)?

    The all-time high of UFI was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of PureFi Protocol (UFI) is 0. The current price of UFI is down 0% from its all-time high.

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  • How much PureFi Protocol (UFI) is there in circulation?

    As of , there is currently 58.42M UFI in circulation. UFI has a maximum supply of 100.00M.

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  • What is the market cap of PureFi Protocol (UFI)?

    The current market cap of UFI is 3.43M. It is calculated by multiplying the current supply of UFI by its real-time market price of 0.058743867623.

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  • What is the all-time low price of PureFi Protocol (UFI)?

    The all-time low of UFI was 0 , from which the coin is now up 0%. The all-time low price of PureFi Protocol (UFI) is 0. The current price of UFI is up 0% from its all-time low.

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  • Is PureFi Protocol (UFI) a good investment?

    PureFi Protocol (UFI) has a market capitalization of $3.43M and is ranked #1745 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze PureFi Protocol (UFI) price trends and patterns to find the best time to purchase UFI.

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