Pura: A Private, Instant, and Socially Charitable Decentralized Digital Currency

What is Pura

Friends, imagine when we transfer money or shop, we always have to go through banks or intermediaries like Alipay or WeChat, right? They act as our “financial stewards,” handling our money matters. But Pura (short for PURA) is a project that aims to break this model. It is a global digital currency designed to let us transact directly, privately, and quickly, without the need for middlemen.

What’s more, Pura isn’t just money for transfers—it comes with a “charity fund” attribute. You can think of it as a “caring digital currency,” because it has a built-in mechanism that automatically donates a portion of newly generated Pura to environmental and social projects, and all these donations are publicly transparent and can be checked on the blockchain.

In short, Pura hopes to become a form of digital cash that lets you trade freely while also contributing to the planet and human society.

Project Vision and Value Proposition

Pura’s vision is to become a “champion of responsible decentralized living” and ultimately a global payment currency.

The core problems it aims to solve are:

• Too many intermediaries, high fees, and slow speed in traditional finance: Pura uses peer-to-peer transactions, eliminating banks and other intermediaries, making transactions faster and cheaper.
• Lack of transparency in charitable donations: Pura introduces the concept of “PURA Planet,” allocating a portion of mining rewards directly to support environmental and social projects, with all fund usage recorded on the blockchain and publicly accessible. This lets you know where your contribution goes, solving the trust issues that traditional charities may face.

Compared to similar projects, Pura’s biggest difference is that it integrates social and environmental responsibility directly into its core design. It is the world’s first cryptocurrency to contribute up to 10% of mining rewards to charitable causes. This means every time Pura is generated, it’s making a contribution to improving the world. It’s not just a digital asset, but a tool with a social mission.

Technical Features

Pura’s technical foundation can be understood as building on Bitcoin’s base, borrowing some advanced features from Dash, and innovating further.

Core Technical Architecture

• Own blockchain: Pura runs on its own dedicated blockchain network, not relying on any other blockchain.
• Proof-of-Work (PoW) consensus mechanism: Pura uses a proof-of-work mechanism similar to Bitcoin to secure the network and validate transactions. You can think of it as miners competing to solve complex math problems for the right to record transactions, with successful miners earning Pura rewards and ensuring transaction authenticity.
• X11 hash algorithm: Pura uses the X11 algorithm for mining, which is relatively energy-efficient and resistant to ASIC miner centralization.
• 2.5-minute block time: The Pura network generates a new block approximately every 2.5 minutes, meaning transaction confirmations are relatively fast.

Special Features

• InstaPay (Instant Payment): As the name suggests, InstaPay allows Pura transactions to be completed in less than a second, making it ideal for everyday payment scenarios.
• PrivatePay (Private Payment): If you value privacy, the PrivatePay feature protects your transaction information, history, and balance from being exposed. It works through a clever mechanism: your Pura isn’t sent directly to the recipient, but first passes through special network nodes (“masternodes”), which shuffle the transaction paths, making it difficult for outsiders to trace the source and destination of funds, thus protecting your privacy.
• Masternodes: These are the “super nodes” in the Pura network. They’re not just regular accounting nodes—they also provide advanced services like InstaPay and PrivatePay, maintain network stability, and participate in governance. To incentivize running masternodes, Pura gives extra rewards to masternode owners. To become a masternode, you need to lock up 100,000 Pura tokens.
• PURA Planet: This is Pura’s most socially significant innovation. It’s a “charity treasury” built into the blockchain. Every time new Pura is mined, 10% automatically goes into this treasury to fund global environmental and social projects. The selection of these projects is democratically decided by the Pura community, and all fund flows are publicly transparent on the blockchain.

Tokenomics

Pura’s token, abbreviated as PURA, is the core of its ecosystem.

• Token symbol: PURA
• Issuance chain: Pura has its own independent blockchain.
• Total supply and issuance mechanism: The total supply of PURA is about 350 million. It is mainly issued through mining, with miners earning Pura rewards via the proof-of-work mechanism.
• Inflation/Burn: Pura does not have a clear burn mechanism, but its unique “PURA Planet” mechanism automatically allocates 10% of mining rewards to charity projects. This can be seen as a continuous funding contribution, rather than traditional inflation or burning.
• Current and future circulation: At the release of Whitepaper version 0.3, about 175 million Pura were in circulation, with another 175 million yet to be mined.
• Token utility:
  • Payment medium: Pura can be used for fast, private payments for goods and services worldwide.
  • Masternode collateral: If you want to become a “masternode” in the Pura network, you need to stake 100,000 Pura. In return, you’ll receive extra Pura rewards and participate in network governance and decision-making.
  • Charity contribution: By holding and using Pura, you indirectly support PURA Planet’s charity projects, since a portion of newly generated Pura is automatically donated.
• Token distribution and unlocking information: Mainly distributed through mining rewards.

Team, Governance, and Funding

Team

According to public information, the core developers of the Pura project include Bogdan Peschir and Norbert Vancsa. The team is committed to combining advanced cryptocurrency protocols with proactive market strategies to drive Pura’s adoption and mainstream acceptance.

Governance

Pura’s governance model is decentralized. This means it doesn’t rely on a central authority for all decisions, but is managed collectively by community members. Specifically:

• Democratic decision-making: Pura community members, especially masternode owners, can participate in project decisions, such as selecting charity projects funded by PURA Planet.
• Blockchain transparency: Thanks to blockchain transparency, all decisions and fund flows related to social contributions are publicly accessible.

Funding

Pura is a self-funded project. Its unique funding model includes:

• PURA Planet treasury: 10% of mining rewards are automatically injected into the PURA Planet “treasury” to fund environmental and social projects. This provides a stable source of funding for the project’s ongoing development and charitable mission.

Roadmap

Pura’s official website once displayed a roadmap, but specific details are not fully listed in current search results. However, we can see some key milestones and plans from historical information:

Historical Key Milestones

• First half of 2018: PURA Aurora AI released, introducing features like artificial intelligence, one-click masternode deployment, mobile mining, and universal nodes.
• Early 2018: Pura wallet began supporting PURA Planet’s charity donation feature.

Future Key Plans (Historical Information)

• Upcoming updates: Plans to launch Pura mobile wallets for Android and iOS devices.
• PURA Planet projects: Ongoing planning and implementation of environmental and social projects such as energy saving, water purification, and providing food for developing countries.

Note that this information mainly comes from sources around 2018-2019, and the project’s actual progress and current roadmap may differ.

Common Risk Reminders

Friends, when learning about a project, it’s important to be clear-eyed about its potential risks as well as its strengths. Here are some risks Pura may face:

• Technical and Security Risks:
  • Development activity: Some sources indicate Pura’s development status is “unknown” or even marked as “inactive.” If development stalls, its technology may not keep up with industry changes and may have unresolved vulnerabilities.
  • Network security: Any blockchain project may face risks like hacking or 51% attacks. Although Pura has a masternode network, vigilance is still needed.
• Economic Risks:
  • Market volatility: The crypto market is known for its wild swings, and Pura’s price may be affected by market sentiment, macroeconomics, and other factors, leading to large value fluctuations.
  • Liquidity risk: According to current data, Pura’s market cap and 24-hour trading volume are very low (e.g., market cap about $99,000, 24-hour volume only $115). This means trading Pura may be inactive, buying and selling may be difficult, and prices can be manipulated by small trades.
  • Low project activity: If the project remains inactive for a long time, its value may be hard to sustain or even drop to zero.
• Compliance and Operational Risks:
  • Regulatory uncertainty: Global crypto regulations are still unclear and constantly changing, so Pura may face compliance challenges.
  • “New project” misunderstanding: While users may want to learn about “new projects,” most Pura information was published in 2018-2019, and some platforms mark it as “inactive.” This means it’s not a recently launched project, and investors should fully understand its history and current status.
  • Not investment advice: Remember, the above information is for reference only and does not constitute investment advice. Crypto investment is extremely risky—please do thorough research and make decisions based on your own risk tolerance.

Verification Checklist

To learn more about the Pura project, you can verify and research through the following channels:

• Official website: mypura.io or pura.one
• Whitepaper: PURA Whitepaper 0.3
• Block explorer: PURA Explorer (for checking transactions and block info)
• GitHub activity: Check its GitHub repository for code update frequency and community contributions.
• Social media: Follow @PuraSocial, Facebook, YouTube, Bitcoin Talk, Telegram, Slack, etc. for the latest project news and community discussions.
• Market data platforms: Check Pura’s real-time price, market cap, and trading volume on CoinMarketCap, CryptoSlate, Investing.com, and other platforms.

Project Summary

Pura (PURA) is a cryptocurrency project born around 2018, with a unique and socially responsible original vision. It not only aims to be a fast, private digital payment tool, but also hopes to combine blockchain technology with charity through its innovative “PURA Planet” mechanism, automatically donating 10% of mining rewards to environmental and social projects and ensuring transparent fund flows.

Technically, Pura borrows Dash’s InstaPay and PrivatePay features, provides instant and private transactions via a masternode network, and uses PoW consensus and the X11 algorithm.

However, it’s important to note that according to the latest market data and information, Pura’s current market activity is very low, with both market cap and trading volume at low levels, and some platforms even marking it as “inactive.” This suggests the project may no longer be actively developed as it was in its early days, or its market influence has greatly diminished.

Overall, Pura is a project with innovative ideas and social responsibility, attempting to combine the decentralized nature of cryptocurrency with charitable causes. But as a potential participant or observer, you need to fully recognize its current market status and potential risks, especially the issues of low project activity and liquidity. Please conduct independent research and carefully assess all risks. The above is not investment advice.