Dear Posination,

As we nearly enter into a new year, I am delighted to write this letter to our community with a heavy heart. 2022 marks the start of an exciting journey for us as we continue on our mission to build decentralized products and services that will revolutionize the world in the DeFi industry. Despite the many challenges posed by 2022, I am proud of all our team members who have worked tirelessly throughout the year to make sure that our project reaches its full potential in 2023. While the result was not the outcome we had hoped for, however, I believe it will create a strong foundation for the success of our project in the long run. Along this journey, our teams have achieved several major milestones which have brought us closer towards achieving our goal of creating innovative protocols to fill the gap in the market.

In the first quarter of 2022, we worked diligently to build an effective and efficient team that could meet our ever-changing needs. We took time to research, develop and test various options as well as working towards a successful mainnet release of DPTP. Despite initial challenges, this endeavor proved that it is possible to create a decentralized protocol on Ethereum Virtual Machine (EVM) Chain utilizing the orderbook mechanism. The mainnet release of DPTP was a major milestone in our progress; however, at the time, it did not achieve the desired success due to several underlying technical barriers.

In Q2 2022, we attempted to research and apply improvements to DPTP and DEX in order to reduce technical barriers. Our goal was to launch an improved version of the DEX orderbook that would outperform normal AMM decentralized exchanges. Unfortunately, due to technical barriers and user safety concerns related to market maker mechanisms, our efforts were unsuccessful and only one DEX could be issued for stable trading pairs (BUSD-USDT, USDC-BUSD, DAI-BUSD).

However, Position Exchange proved successful in producing a superior version of the DEX which could deliver very low slippage while using liquidity more effectively. It also enabled users to access the markets without relying on third-party services or centralized entities. Additionally, this improved version of the DEX provided increased security against malicious actors by maintaining complete trustlessness over its operations.

In Q2 2022, we also tried to research and apply many improvements to improve technical barriers of DPTP and DEX using orderbook. We have committed to launch an improved version of the DEX orderbook that outperforms the normal AMM decentralized exchanges. However, due to technical barriers, and user safety of the market maker mechanism, we were unable to launch a DEX version that met expectations. Only one DEX can be issued for stable trading. However, it has also proven that Position Exchange can produce a superior DEX version, can provide very low slippage, use liquidity very effectively, bring a lot of value to users. Additionally, we achieved a major milestone when we released the first version of our app onto the Google Play Store. This was a tremendous accomplishment, as it had taken months of hard work and dedication to reach this point.

In Q3 2022, the teams behind DPTP, DEX and mobile were working hard to address these core problems. To tackle the issues on the DEX side, engineers proposed a solution involving an advanced order matching system that was specifically designed for decentralized exchanges. They also theorized that it could potentially offer faster and more reliable trading experiences compared to traditional centralized systems.

On the DPTP side, they introduced a new feature called COIN-Margin in an attempt to bring derivative trading to users on the BNB chain. This allowed users to trade futures contracts of various coins without having to own it or other inherent risks associated with centralized exchanges. Unfortunately, due to some compatibility issues between different components within their system architecture, this feature was not able to reach its full potential. In addition, the DPTP development team has also successfully developed a lite version to make it easier to reach new users.

The mobile team, on the other hand, focused their efforts into rebuilding the core architecture. Through a combination of back-end and front-end development, they were able to create a better user experience and offer features such as in-app trading, account management, and notifications. Finally, they developed an iOS version of the mobile app which was released on the AppStore by Q4 2022.

In early Q3 2022, the DPTP team also released POSI Chain, a blockchain with fast transaction processing speed and very low fees. This was an essential improvement over their previous platform as it allowed users to enjoy faster transactions with lower costs. In addition, they also implemented various other features such as cross-chain bridges and decentralized governance.

The Q4 of 2020 was a quarter filled with expectations and successes. The DEX team worked hard to create an effective auto market maker mechanism that would combine the traditional AMM model. This allowed for users to get higher returns and more low fee transactions. The DPTP teams took it further by creating the Futures Bridge mechanism, which enabled users to have lower fees, and better stability when trading futures, as well as offering a better user experience overall. Further still, the frontend teams had to completely redesign their website in order to implement these changes and make them usable.

On the mobile side, new mechanisms were applied in order to provide improved performance while launching features such as Connect Wallet and Web App embedding. These innovative solutions allowed users to have more access to their funds and use the website in an easier manner. Finally, the last day of Q4 brings us to today. After months of hard work and dedication, we are proud to announce these new technologies and implementations that will soon be available for everyone. We are excited to see how our users will benefit from all these developments and look forward to their feedback.

In addition to those parts, the team has also successfully implemented many other parts such as P2P Bond, and Governance, and changed some parts of the website interface…

The development process for Position Exchange in 2022 was no easy feat. It took a lot of hard work, dedication, and collaboration from all the teams involved to make it a success. Every team member put in countless hours of effort to produce the best product possible. From long night shifts and days spent in the office to fix bugs, analyze data, develop new features and support the community everyone worked tirelessly to bring this vision into fruition.

It has taken us on an incredible journey full of ups and downs that made us stronger each step of the way. We had our hopes dashed, our expectations challenged and we eventually met our target. Our commitment never faltered as we pushed forward through challenging times and tough decisions.

At this moment of celebration, I want to take the time to recognize and thank everyone from the office team to the remote team (Admin, CS, Community) and who has contributed to Position Exchange. Without your dedication and drive, none of this would have been possible. Your contributions have made a lasting impact on our company, customers and community. Our success is attributed in part to each one of you.

As we look ahead to the new year, I am filled with optimism. Together we have laid the foundation for a better future and there is much more to come. We have set our sights high and are ready to take on the tasks that lie ahead of us.

Let’s bring in 2023 with a renewed sense of purpose, positivity, and excitement! Wishing everyone a happy, healthy and prosperous New Year!

Cheers to an amazing year and all that’s yet to come!

Happy New Year!

Justin

Dear Posination,

Succeeding the successful introduction of POSI, after months of building and planning, today Position Exchange is extremely delighted to announce our new plan for the ecosystem from September 2022.

As you might already know, our first native token — POSI has the maximum supply fixed at 100,000,000 tokens. Unlike most of the recent tokens created by other exchanges mainly for crowdfunding purposes and for reducing 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 that just by holding POSI you’re a stakeholder and will be able to receive a share of the revenue.

In the beginning, POSI is used as a reward in Farms and Pools. The tokenomics of POSI were planned to be distributed as below:

1% Airdrop

1,000,000 POSI tokens were distributed on the Airdrop as a first step. Participants registered in the whitelist lottery took part in the exclusive public sale.

5% Public Sale

5,000,000 POSI tokens were available for the Whitelist sale. The generated funds will be deployed to add Liquidity and support the development of Position Exchange.

10% Team and Advisors

The tokens will NOT be available to the team immediately but will instead be minted over time. Position Exchange’s team will retain a position of 10% of any newly minted token ensuring a community-driven and fair launch.

The team token is currently locked in this contract address:

Contract Address 0x849b333f2235819719a40c71bae150fe9afb4e99 | BscScan

The withdrawal time is September 14th, 2023

4% Liquidity

The tokens will be immediately available for the general functioning of the platform.

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 existing protocols!

Currently, since 80% For the Community is nearly reached, a new token is needed to help grow our Position Exchange ecosystem and Posination community forward while reassuring our users that the project is going on as planned and can be trusted.

New Tokenomics

To keep our commitment, we would like to introduce a new tokenomics: the Dual-token model that creates the ecosystem. The main idea is to divide the project’s ecosystem into two tokens for better usability.

With the new reward token, we will stop minting POSI on BNB Chain and only mint for validators on POSI Chain until it reaches the maximum 100,000,000 supply.

As outlined in Position Exchange’s plan, we target to convert 100% of POSI tokens on BNB Chain to POSI coins on POSI Chain. One of the utilities of POSI is to pay the gas fee which fuels every specific transaction on the POSI Chain’s network. This conversion is significant in ensuring network stability by staking to validators while reinforcing the long run of POSI in the blockchain industry. It also guarantees users’ acquisition of Derivatives Trading revenue through Buy-Back and Burn mechanism.

Buyback and Burn plan

In the next five years, our vision is to buy back and burn 50,000,000 POSI while reducing and maintaining the total supply at around 50,000,000.

At the moment, since we need to manually buy POSI on POSI Chain and burn, the transaction id will be published once the Buy-Back and Burn happened. In the near future, we will implement an on-chain Buyback-and-burn as previously planned.

New Token Plan

Realizing the potential of the new token, we expected Position Token X to be a multi-chain token.

In the future, the new token might be used to receive fees from the DEX. Furthermore, it will possess a low inflation rate and is supported by the POSI coin.

New token holders can enjoy more real-world utilities and multiple benefits from the POSI Chain ecosystem.

Adopting the dual-token economy model, we aim to offer the end-users a better incentive structure, features, upgrades, and functionalities.

The new token information:

• Name: Position Token X
• Symbol: PTX
• Contract Address (BEP20): 0x3C7142552250B10252A214ecccA332368D66c350
• Decimal: 18

Also, PTX will be immediately listed on Position Exchange DEX as follows:

• Pair Symbol: PTX/POSI
• Initial Price: 5 POSI
• Liquidity: ~1,000,000 POSI
• Tick size: 0.001

Farming/Pool Changes

Previously, POSI token holders could generate passive income by simply staking in the staking pools and farms.

Yield farming facilitates users to gain POSI while supporting the exchange of positions by betting on LP tokens. The incentives received for supplying liquidity and the rewards received for staking LP Tokens in the Farm are both factored into the Yield Farm APR calculation. Similarly, Pools allows users to earn POSI by simply staking their tokens.

However, in consequence of the new token’s introduction, all farms and pools whose reward is in POSI will be closed.

For this reason, All Farms and Pools (including the NFT pool) users will need to migrate to new farms to continue receiving rewards in Position Token X.

Harvest vesting schedule:

Harvest lockup is a creative farming rewards lockup mechanism to help limit the frequency of harvesting to prevent farming arbitrage bots from constantly harvesting and dumping.

To reduce the control of the new token’s inflation rate, all farms and pools rewards will be locked on the following harvest plan:

• 5%: received immediately
• 5%: locked for 24 hours
• 10%: locked for 7 days
• 10%: locked for 30 days
• 20%: locked for 60 days
• 20%: locked for 90 days
• 30%: locked for 6 months

Migration Timeline

A few hours after this announcement is published. Please wait for our next announcement.

Migration Guide

Migration is very simple following steps.

1. Unstake the old farms/pools
2. Stake to the new ones

To know how to migrate, please follow the under-listed guideline: Coming soon

Next Plan of Position Exchange’s ecosystem — New token introduction was originally published in Position Exchange on Medium, where people are continuing the conversation by highlighting and responding to this story.

Position Exchange has recently released its Stable Version of Decentralized Perpetuals Trading Protocol (DPTP), Beta V2. A protocol that runs FULLY On-chain where there is no need for a server to maintain the Orderbook and the matching engine, while offering different types of orders (Limit, Market, leveraged trading…).

Unlike in the other “Decentralized” Trading Platforms available in the market, users DO NOT need to deposit funds in the smart contract, but can trade straight from their wallets. By using an on-chain order book we aim to create an efficient, fair, and trustless financial market that is not controlled by any centralized entity.

As our team has promised, we are planning for POSI V3 release that was initially planned to be with the stable version of DTP, but we came up with a much bigger idea. In accordance with our Roadmap, we are focusing on developing our own Blockchain that will be public in the coming months, so Posi V3 will be a coin instead of a token and will be released at the same time with the blockchain.

Why do we move on our own Blockchain?

There are various reasons for us to do so.

• Firstly, fulfilling our vision and achieving our all time goals. Developing our own blockchain has always been on our roadmap since the very start of the project. A full crypto ecosystem can not be claimed unless we run it on our own blockchain.
• Secondly, in order to maintain the stability of the Decentralized Perpetual Trading Protocol, having our own blockchain is crucial and that is for the following reasons:
• The current maintenance costs on BNBChain are quite high, a barrier which prevents us from running a high-speed trading platform, and having more trading pairs, it also endures high gas fees for users to participate in.
  The way we view our Decentralized Perpetual Trading Protocol. In the near future, we are planning to move multichain, however, by doing so, not having an orderbook platform will cause the liquidity to be much more fragmented. By leveraging the POSI Blockchain, users will be able to trade in a Decentralized Trading platform with very high liquidity combined with all other chains. Such as a “Centralized” order book in a Decentralized System.
• Thirdly, To create more utility around POSI V3. Using POSI V3, holders will be able to stake and earn rewards by becoming validators. The Blockchain will also allow other projects to build new platforms and products. The more the blockchain gets exposure the higher the number of builders will join us.

The Blockchain technology’s core characteristics include decentralization, transparency, immutability, and automation. These elements can be applied to various industries, creating a multitude of use cases.

POSI Blockchain:

To speed up the development process, we will base on an existing blockchain and then develop more features from there. We will try to ensure that POSI blockchain has the following features:
- Sharding: Dividing blockchain states into small pieces then saving them randomly in the network, enhancing the speed and scalability.
- Fast Consensus: POSI Chain will have a Fast Consensus algorithm for low transaction fees, and higher transaction speed (< 3s).
- Effective PoS: POSI Chain will have a novel Proof-of-Stake (PoS) mechanism for network security and economics. POSI Chain’s Effective Proof-of-Stake (EPoS) reduces centralization and distributes rewards fairly to thousands of validators.

Utilities of POSI V3 coin

POSI V3 will be the utility coin on our blockchain. It will have multiple use cases each of which will be increasing the intrinsic value of our coin. The following are some examples of the use cases:

• Pay for transaction fee: all the transactions on our blockchain, in order to be executed, will go through a smart contract, approval of which requires paying using POSI coin.
• Stake to secure the network and earn rewards: similar to other blockchains, there will be a staking protocol in which the users will stake POSI coin and benefit from the rewards.
• Participate in open governance: As you have experienced in our Governance V1 so far, to have a vote and take part in voting and decision making, you need to hold POSI. The more POSI you hold, the more impact you can make. This will continue happening with POSI coin too. You will be able to take part in governance decision making proposals using your POS coins.
• Receiving the trading fees from the trading protocol: the trading fees will be in POSI coin form. This will lead to scarcity of the coin and it will increase its value. These fees will be collected, burnt or used for the development of the project. Having an ever increasing fund, the future development of the project will be secured.

Timeline

The target is to go live in July (1-year POSI Birthday) — however, no exact or fix date will be given now. The process will follow these steps (we may change our steps without notice):

• Local net (internal testing phase)
• Test net (public test net) including explorer
• Bridge Testnet
• DTP testnet on POSI Chain
• All Go-live: Blockchain, Bridge, DTP
• Further roadmaps will update later

To sum up, POSI V3 will be released as a Coin at the launch of POSI Blockchain. Both the Blockchain and the coin will have several use cases all of which will lead to an increase in the value of POSI coin. The target release time will be set for July and be flexible around that. Our blockchain will be developed in several phases. Stay tuned

Dear POSINATION,

As you know, The Decentralized Futures Trading Protocol is one of the core features of our project and the most consequent in terms of development and technology. We have been tirelessly focusing on building it for the past months. It is an innovative, efficient and cutting edge protocol by design that will lay the foundations of the future of Decentralized Perpetual Trading.

Position Exchange Perpetual Trading Protocol in short:

Position Exchange’s team has set a mission for its project and will remain dedicated to achieving it. Our goal is to create a TRULY decentralized Ecosystem where all features run On-chain in a completely transparent and community-driven environment.

Looking at the Defi landscape, the currently available “Decentralized” Trading Platforms are not in reality that “Decentralized” but mostly Hybrid. They certainly maintain the privacy and security of a DEX — i.e. do not require KYC, or no intermediaries to interact with smart contracts but still have their Orderbooks running off-chain. This system is designed to achieve high transaction performance and fast response speeds but still comes with risks and problems of off-chain/centralized Orderbook such as manipulation and lack of transparency and fails to fulfill the true virtue of Decentralization where all trading information, transaction records should be transparent, creating a fair trading environment for everyone.

Position Exchange designed a Perpetual Trading Protocol where everything runs fully On-chain, there is no need for a 3rd party to maintain the Orderbook, offering different types of orders (Limit, Market…) and leveraged trading. There is no need for users to deposit funds on the smart contract, users can trade straight from their wallets. By using an on-chain Orderbook and matching engine we aim to create an efficient, fair, and trustless financial market that is not controlled by any centralized organization

Where we are now with PPTP:

The Trading Protocol launched some time ago and Position Exchange users got a chance to try out the first fully On-chain orderbook in action. We have received great amounts of feedback and carefully tracked the users’ experience. Overall, the launch was okay, but honestly, it did not live up to our expectations, we should admit that the Trading Protocol is not working as well as we expected it to be. Users are encountering bugs and issues, preventing them from Trading well and enjoying the full Decentralized Orderbook experience. The bugs were on different functions, which did not make the protocol really operational and efficient.

How do we proceed forward from here?

We always want to provide POSINATION with the best products they could possibly find. Quality and efficiency are our top concerns, we do believe that the sustainability of projects is based on their ability to build the right products, products people need and use, and to make sure these products are functioning smoothly and are well maintained.

We’re currently working on a new version of the Trading Protocol targeting to bring more stability, efficiency and fluidity. This version will provide the experience that we have always pictured in our mind and solve a lot of the current issues getting us a step closer to the full potential of the protocol.

In order to make it easier for our development team to focus on this new Relaunch we believe that suspending the Trading Protocol for maintenance at the time-being will be the right move. We do believe that a 1 week of maintenance will do the trick, starting from 22th May 5AM (UTC) until 28th May 10 PM (UTC), and the details of the suspension are as follows:

1. All mainnet contracts will be paused. Opening new limit orders or positions will be halted. The protocol page will be changed to a Maintenance Page.
2. All opened limit orders will be automatically canceled, repaying margin.
3. All opened positions will be settled and margin will be repaid follows:
4. If PnL > 0, we’ll pay back Margin + profit in $POSI
5. If PnL < 0, we’ll pay back Margin — loss (in BUSD)
6. Unclaim amount will be claimable after the maintenance.

The maintenance will be great for our team to accelerate the release of the new version and provide you with the Trading Protocol that we have always promised!

Position Exchange Team

Dear POSINATION 🙌

In our quest to become the most complete, biggest, and TRULY Decentralized Crypto platform, we are very proud to announce the release of the long-awaited project’s main feature: Decentralized Perpetual Trading.

Today we are one step closer to achieving our ultimate goal and completing the Position Exchange Ecosystem. Our team has been working tirelessly for the past months to complete the development of the Perpetual Trading Protocol and deliver it to the community.

https://futures.position.exchange

What is Perpetual Trading? 📉

Perpetuals, or Perps, short for perpetual futures contracts, are derivatives for trading the underlying asset with no future expiration date. It allows users to trade on margin (trade using borrowed funds).

To give an example: Instead of needing a large capital to trade a notional value of an underlying asset, users can leverage their capital but just depositing a part of the notional margin.

Users can trade Perpetuals by buying (long) or selling (short) perpetual, which is very important under the current market volatility. In other words, users are using borrowed funds to bet on the future price of an asset. Position Exchange will offer a wide selection of tradable assets to its users, allowing them to trade contracts and get pay-offs without actually owning the assets.

You can find more details about Perpetual Trading here.

A Fully On-chain Perpetual Protocol 🔗

Position Exchange’s team has set a mission for its project and will remain dedicated to achieving it. Our goal is to create a TRULY decentralized Ecosystem where all features run On-chain in a completely transparent and community-driven environment.

Looking at the Defi landscape, the currently available “Decentralized” Trading Platforms are not in reality that “Decentralized” but mostly Hybrid. They certainly maintain the privacy and security of a DEX — i.e. do not require KYC, or no intermediaries to interact with smart contracts but still have their Orderbooks running off-chain. This system is designed to achieve high transaction performance and fast response speeds but still comes with risks and problems of off-chain/centralized Orderbook such as manipulation and lack of transparency and fails to fulfill the true virtue of Decentralization where all trading information, transaction records should be transparent, creating a fair trading environment for everyone.

Position Exchange designed a Perpetual Trading Protocol where everything runs fully On-chain, there is no need for a 3rd party to maintain the Orderbook, offering different types of orders (Limit, Market…) and leveraged trading. There is no need for users to deposit funds on the smart contract, users can trade straight from their wallets. By using an on-chain Orderbook and matching engine we aim to create an efficient, fair, and trustless financial market that is not controlled by any centralized organization.

Benefits of Trading on Position Exchange:

• Highly Intuitive: Experience speed on our protocol. Trade quickly on an easy-to-use platform.
• Increased Privacy: No sign-ups required: Simply connect your wallet and you are all set.
• More Security: Trade directly with no intermediaries. More autonomy in a decentralized environment.
• Low fees: Experience low gas fees on transactions
• Easy access: Trade directly from your wallet without the need of depositing.

A detailed guide can be found here: https://docs.position.exchange/products/trading-protocol

POSI Buyback and Burn using Trading fees🔥

The Perpetual Trading protocol is bringing one of the most important functions of POSI token which is the Buyback and burn. The fees collected from the Trading Protocol (Details maker and taker fees x…) will be used to Buy POSI from circulation and send it to the black hole address. This unique mechanism will allow us to control the circulating supply and inflation. The remaining amounts from the fees will be sent to the insurance funds and used to reward the community. Position Exchange is committing to creating a system where all collected fees get back to the community in one way or another.

A whole new level 💯

This new feature is expected to bring a lot of new users, in fact, there is a significant lack of Decentralized Futures Trading Protocols in the crypto spaces given the high technical difficulty that their development presents. Adding a Perpetual Trading Protocol to our ecosystem will help propel Position Exchange to a whole new level and will increase its exposure to the Crypto Community. The team is always striving to make a difference by bringing unique and fully decentralized features to our users. We are expecting to be among the top 10 DEXs on the market in the next couple of months.

For new users to trading Futures and Perpetuals, please always carefully consider if it is consistent with your risk tolerance, experience, and financial condition. A Perpetual future contract is a type of derivative that is highly risky. You should fully understand the risk associated and be responsible for any forced liquidation of assets or losses.

Keep updated about Position Exchange news on our Social Media Platforms:
Twitter
Telegram

Position Exchange — HOME OF TRUE DECENTRALIZATION
Team

Something Big is coming your way PosiNation...

Are you ready to be part of the revolution?

Position Exchange’s NFT feature has long been the users' favorite. The thrill of the random cast, the mining efficiency (multiplication factor), and the high NFT Pool APR explain clearly why every POSI holder has at least an NFT Card.

Position Exchange has successfully made the NFT Cards more just collectibles but a stakeable asset that can generate high and stable rewards.

Overview of the NFT feature:

Users can mint NFT Cards, using any amount of POSI, with different Characteristics and Rarities (We have 6 different Cards in total). The minting of the cards is random.

Each NFT Card has a mining efficiency which will multiply the POSI invested in minting it. The tokens invested in the Cards will be locked for a random period (between 25–45 days).

The Cards can be staked in the NFT Pool and generate rewards. After the end of the lock period, users can choose to keep their NFT Cards or decompose them back to their initial invested amount. The NFT Cards are also exchangeable, users can sell or buy NFT Cards in the Marketplace.

119,204 NFT Cards are available in circulation, accounting for a Total Locked Value of $32,067,400.50.

Migrating the NFT Staking Contract to V2:

Position Exchange’s team is constantly working on improving the platform’s features and the overall user experience. At this time, we will migrate the NFT Staking Contract to an upgraded version (V2) to add more functionalities, allow easier integration of the future expansion of the feature, correct some minor issues and improve the performance.

The Migration is mainly to announce some imminent additions, expansions, and upgrades in the NFT feature that will be live very soon! Stay tuned.

How to Migrate to thew NFT Staking V2:

To migrate NFT Cards to the new NFT Staking V2, Please go on the following link: https://app.position.exchange/nfts/migrate

1. Click on Withdraw All button
2. Approve the contract (if not approved)
3. Click on Stake Allbutton to Stake all Cards back in the New Pool

NFT Feature Roadmap:

The NFT feature has a rich development plan:

• Art NFTs: Users will be able to create their own NFTs and sell them on the Marketplace
• NFT Collaboration Pools: Users will be able to stake POSI NFT Cards and earn other tokens
• Limited Edition and events NFT Cards
• Enter Binance NFT Market
• NFT Games (Blind Boxes, Special Edition NFT Cards…)

Position Exchange Staking Protocol is one of the most important components of the project to this day. It consists of different features that allow users to generate rewards with High and Stable APR (One of the highest in the BNB Chain) by staking their assets.

Position Exchange Farms

Yield Farms allow users who provide liquidity to earn POSI while supporting Position Exchange by staking LP Tokens. Currently, the platform offers 2 farms to its users both with high and almost stable APR: The BUSD-POSI (323% APR) Farm and The BNB-POSI Farm (175% APR). The farms account for a Total Locked Value of $37M.

Position Exchange Vaults

Vaults are a unique feature brought by Position Exchange allowing users to stake their single assets and generate rewards. By staking tokens into the vaults, users can save up time and network fees while auto-compounding their rewards every 7hours. Currently, The platform offers 2 vaults: The BNB Vault and The BUSD Vault.

Merging Vaults and Farms

As you may know, Farms and Vaults have always been the same thing. The BUSD Vault is running through the BUSD-POSI farm and the BNB Vault is running through the BNB-POSI farm. For more convenience, we have decided to Merge the Farms and Vaults into one single platform to make it easier for users.

Enjoy the auto-compounding magic with a high and stable APR while providing liquidity and supporting Position Exchange.

David Position.

What’s Under The Hood Series

Position Exchange is a Decentralized Trading Protocol operating on Binance Smart Chain (BSC), that enables traders, liquidity providers and developers to participate in an open financial market with no barriers to entry. No authorization is required to use the open source Position Exchange protocol.

The Next-Gen Decentralized Trading Protocol
with its own Ecosystem.

Farm, Stake with high yield, Cast, Buy and Sell NFTs, Bonds, Participate in Governance and Trade on-chain Derivatives.

What is NFT staking?

In a regular staking pool, users deposit tokens into a contract and are rewarded with the same or different token in the form of rewards.

An NFT staking pool is different and is a bit similar to the Farming Pools because as a user, you:
1. Deposit POSI tokens into a contract.

2. Get rewarded with NFT cards with different rarities and characteristics (The better your NFT is, the higher your mining power will be).

3. Stake the NFT cards in the NFT Pool.

4. Earn POSI.

What NFT cards can you earn?

Users can cast NFTs with any amount of POSI.

To guarantee fairness, NFT cards casting will be a random process and will not be related to the amount of POSI used.

Here is an overview of the NFTs users can get:

There are 6 grades with different Productivity and Mining Efficiency

Farmer, Janitor, Accountant, Engineer, Pilot, Boss.

What are the use-cases of the NFT cards?

Our NFT cards will not be purely cosmetic but will also have several use-cases on the platform itself!

The NFTs themselves will be publicly tradable, so you will be able to buy/sell them on our marketplace without any limitations with a plan to include them in other projects' marketplaces as well!

The staking of NFTs will be very profitable to users as the APR will be remarkably high. It is also a great tool to stabilize the price of POSI as the NFTs have a decomposition period.

PLEASE NOTE THAT:

NFT casting is a random process. Users will be rewarded with different cards depending on their luck!

NFTs can be decomposed back to POSI but will have a decomposition time. This means the tokens will be locked for a certain time in the NFT cards.

The decomposition time is also chosen randomly and is set between (25 - 45days).

NFT Cards can be traded in the NFT marketplace on our platform.

Safe and Fully Audited

Decentralized projects are known for best security. Position Exchange is 100% decentralized.
All the Position Exchange features in whole and contracts in detail are audited by Certik.
Not only are the contracts audited but we have a partnership with auditing and security agencies.

During Testnet, Bounty programs will be in place.

In our DTP your money never leaves your wallet, the safest in DeFi.

For more details on our NFTs please visit our documents section.

https://docs.position.exchange/products/nfts

Have any question?

Please Reach out to us on our Social Media Channels:

Telegram: https://t.me/PositionExchange
Twitter: https://twitter.com/PositionEx

POSITION EXCHANGE FARMS

What’s Under The Hood Series

Position Exchange is a Decentralized Trading Protocol operating on Binance Smart Chain (BSC), that enables traders, liquidity providers and developers to participate in an open financial market with no barriers to entry. No authorization is required to use the open source Position Exchange protocol.

The Next-Gen Decentralized Trading Protocol

with its own Ecosystem.

Farm, Stake with high yield, Cast, Buy and Sell NFTs, Bonds, Participate in Governance and Trade on-chain Derivatives.

FARMING ON POSITION EXCHANGE

Yield Farms allow users to earn POSI while supporting Position Exchange by staking LP Tokens.

Benefits of Farming in Position Exchange

Quick Withdrawal. Immediately start earning on your Staked Crypto. Stake & Cancel anytime.

Permissionless. No authorization or documents needed to start staking. Unlock your wallet and Stake!

No Fees. We do not charge any fees for Staking and Withdrawing.

High Return. Receive high yield on staking, up to 225.62%.

Easy earning. Make your crypto work hard for you and generate passive income.

Safety. The process is completely decentralized and the assets are protected by smart contracts.

How does staking work?

Staking means locking up (freezing) crypto coins for a period of time in order to help maintain the functioning of a blockchain. The staker receives regular rewards for the services rendered to the network. Several stakeable coins will be available in the future, each with its own reward rate and conditions.

How do I start staking?

Choose your pool in the Pools section. Unlock your wallet. Enter the amount you'd like to stake. Click on Stake. Your stake will be activated immediately.

How much can I expect to earn?

The annual yield rate is calculated based on several criteria such the amount of token stacked, the number the stakers and the amount of generated tokeni per blocks. The APY will be displayed with pool Information.

Can I trade with funds I've staked?

You cannot use your staked funds, but you can trade with the rest of the funds on your balance. If you want to trade with staked funds, you need to first withdraw them from staking. There is a 1-day locking period to wait before the coins can be transferred back to your balance.

Does Position Exchange take any commission?

No. You will receive Income at the specified rate with no extra charges or hidden fees.

How often do I get a reward?

Profits are accrued daily. The daily rewards will be automatically added to your balance. You can use them right away for trading or withdraw them from the exchange. You can track the payout history in the Deposit Details section.

What is the minimum amount I can stake?

There is no minimum amount for staking, Stakers can

deposit any amount into the pool.

How can I withdraw my staking?

Find the stake you want to withdraw in your Deposits list Click on "Unstake". Confirm the withdrawal and the funds will be returned to your balance immediately.

Safe and Fully Audited

Decentralized projects are known for best security. Position Exchange is 100% decentralized.
All the Position Exchange features in whole and contracts in detail are audited by Certik.
Not only are the contracts audited but we have a partnership with auditing and security agencies.

During Testnet, Bounty programs will be in place.

In our DTP your money never leaves your wallet, the safest in DeFi.

Next week’s Under the hood article will be about Nft’s.

Have any question? Please Reach out to us on our Social Media Channels:
Telegram: https://t.me/PositionExchange
Twitter: https://twitter.com/PositionEx