2021-7-17 20:00 |
PRESS RELEASE. Position Exchange’s Team is pleased to announce the launch of its new Decentralized Trading & Exchange Community driven platform.
What is Position Exchange?
Position Exchange is the new Decentralized Trading & Exchange platform, powered by a virtual Automated Market Maker (vAMM) and operating on Binance Smart Chain (BSC), aiming to bridge the gap between people and the cryptocurrency markets and enhance trading experiences.
The platform is designed to deliver all the advantages of Decentralized Finance whilst bringing the traditional Centralized Finance experience and tools onboard.
Position Exchange offers easy and accessible on-chain Derivatives trading with high leverage, low slippage and low costs on Crypto assets and much more to come.
“Our Vision is to build the most decentralized and community driven platform in the DeFi industry, where every single user plays an important part of the decisional process by having an effective role in defining and shaping Position Exchange and its future development.”
The Main Features
The core features of Position exchange consists of on-chain Derivatives trading on Crypto assets as a start (with a plan to expand into other assets in the future), NFTs, Staking, Farming as well as a Build feature offering easy and fast built on-top API creation.
Trading derivatives on Defi with a focus on Futures contracts
Staking POSI tokens into Pools and generating rewards
Farming that allows Liquidity Providers to earn rewards by facilitating transactions
Introducing POSI NFTs as a new feature with a process encouraging the community to hold tokens and maintain its stability
DAO and API building allowing a strong participation of the community on the future development of Position Exchange
A Token for the community: POSI
POSI is Position Exchange’s native BEP20 token empowering its ecosystem.
The POSI token is a hyper-deflationary token. Position Exchange’s team will implement several mechanisms to maintain the price of POSI stable and guarantee its long-term sustainability such as Token buyback & burn, Anti-whale, Emission rate control, and a Harvest lock-up period (when staking is open)
“Position Exchange is implementing a Buyback & Burn mechanism using the total amount of fees generated from the Trading platform to Buy Back & Burn the POSI Token. This strategy will allow us along with our community to control the number of POSI in circulation and maintain the stability of its value in the long term.”
This is truly a community-driven project and its success depends on each member of the community. We are implementing RFI technology, which allows holders to share a 1% fee on all transactions just by holding the tokens in their wallets. So that being said, HODLing is what you need to do.
Token distribution:
The Total supply of POSI tokens will be set at 100,000,000 tokens
1% will be dedicated for the Airdrop
5% for the whitelist sale
4% for the liquidity which will be added at $1 per POSI
80% For the Community: The vast majority of the POSI tokens will be dedicated to the community through staking and farming rewards. This is one of the highest shares addressed to the community in the similar existing protocols!
10% Team and Advisors: The tokens will NOT be available to the team immediately but will rather be minted over time. Position Exchange’s team will retain a position of 10% of any new minted token ensuring a community driven and fair launch.
You can find more information about the Position Exchange protocol and the POSI token in the Whitepaper.
Stay informed with news and content via the Telegram Announcement channel.
Website: position.exchange
WhitePaper: https://position.exchange/whitepaper.pdf
Reddit: https://www.reddit.com/r/PositionExchange
Medium: https://positionex.medium.com
Twitter: https://twitter.com/PositionEx
Telegram: https://t.me/PositionExchange
TG Channel: https://t.me/PositionAnn
Github: https://github.com/PositionExchange
“By the Community — For the Community — Don’t trust us, Read the code!”
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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