Position Exchange introduction
Position Exchange team is pleased to announce the launch of its new Decentralized Trading Platform. With our unique protocol and its special features in the DeFi industry, Position Exchange is aiming to become the Derivatives Trading Protocol of choice and the most decentralized, community-driven platform by excellence.
What is Position Exchange?
Position Exchange is the new Decentralized Trading Protocol, powered by a vAMM and operating on Binance Smart Chain initially, aiming to bridge the gap between people and the cryptocurrency markets and enhance trading experiences.
The protocol offers easy and accessible Derivatives Trading in which users can trade Crypto Derivatives Products fully on-chain transparently and trustless, with high security, and privacy.
The platform is designed to deliver all the advantages of Decentralized Finance whilst bringing the traditional Centralized Finance experience and tools onboard. To mention High leverage, low slippage, and low costs as well as limit orders all while solving the liquidity issue using the vAMM.
Moreover, Position Exchange’s team worked hard to design a user-friendly and attractive interface allowing traders of all kinds to trade with ease.
Position Exchange is empowered by the POSI token, its native utility token serving as the backbone of its Ecosystem. Holders can benefit from multiple advantages and use POSI in other features developed by the Platform.
Holders can stake, farm and cast NFTs to grow their POSI balance as well as participate in Position Exchange’s governance and shape its future.
Position Exchange Token(POSI)
POSI is Position Exchange’s native BEP20 token empowering its ecosystem. Unlike most of the recent tokens created by other exchanges mainly for crowdfunding purposes and for reducing the trading fees, POSI comes with a different and unique approach. All the fees and revenues from the protocol will be distributed back to all POSI holders by a mechanism called Buy-Back and Burn fully on-chain. This would mean, just by holding POSI you’re a stakeholder and will be able to receive a share from the revenue.
Along with the mentioned, holders can get reduction on protocol trading fees, increase their POSI balances through the RFI technology, and stake on Farm or NFT pools.
A Deflationary token:
Controlling the price of POSI as well as the total circulating supply of tokens will be our top priority. Position Exchange’s team is implementing several anti-inflation measures to keep POSI stable, encourage holding and ensure the best benefits of the POSI community.
The measures include Anti-whale to prevent price manipulation, set a harvest lock-up period to prevent farming arbitrage bots from constantly harvesting and dumping in addition to constant buying back and burning of POSI tokens and reducing block emission.
100% of the fees generated from the Trading Platform will be used to Buy back and Burn POSI tokens.
Our Smart Contract adds 1% fee to each transaction that would be proportionally divided to all POSI holders, which would incentivize HODLing, using RFI technology.
Case of use:
POSI token holders can generate passive income by locking their token in the staking pools and receiving rewards in return — See Staking section.
POSI token can be used to cast NFTs — See NFTs section.
POSI token holders can participate in the platform’s governance by proposing and voting for new ideas.
POSI token holders will be sharing 1% fee from transactions while just holding the tokens.
- And much more to come.
Position Exchange will provide trading clients and platform compatibility on:
Position Exchange is a decentralized platform designed for the community. The team members and collaborators behind the projects are multidisciplinary and have extensive experience in Programming, Smart contract & Blockchain development, Finance, Trading, and Crypto industries along with a high understanding of economic conditions.
Building a completely Decentralized Exchange and Trading platform that allows a full and transparent participation of the community to shape Position Exchange’s future. Our main vision is to build a community-driven protocol, using innovative instruments in order to support POSI holders and boost the token value during the development process.
“By the Community — For the Community — Don’t trust us, Read the code!”
Learn more about Position Exchange and find us in the following platforms:
TG Channel: https://t.me/PositionAnn