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 with a plan to expand into other assets in the future. 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 designed a user-friendly and attractive interface allowing traders of all kinds to trade with ease. The platform is empowered by the POSI token, its native deflationary utility token serving as the backbone of 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.
Holders can benefit from multiple advantages and use POSI in the different developed features.
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.
“Our Vision is to make Decentralized Derivatives trading easy and available to everyone as well as to build the most 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.”
Developments and Roadmap:
Position Exchange has been in development since February 2021. The platform was public a month ago and started to gather a good community around. The features will be developed step by step following a meticulously planned schedule. The Token was released to the public along with the farming feature. Staking and NFTs will be out in August as well as the first version of the Protocol on Testnet.
The mainnet launch is planned for September. Position exchange will then move to multichain in order to reduce the on-chain gas fees. The mobile App will be released in October.
How to buy POSI on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing POSI. Some reputable platforms includeBybit、OKX、Binance, and others.
Step 2: Register an Account
Here, we'll register an account on the Gate.io (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing POSI.
Step 5: Purchase POSI
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of POSI you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy POSI.
Step 6: Store Your POSI
After purchasing, you can choose to store your POSI in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and POSI assets, be sure to use a strong password and enable two-factor authentication.
POSI Price: Position Exchange is a decentralized platform that revolutionizes how users interact with cryptocurrency trading and exchanges. It stands out by integrating a unique on-chain order book and an Automated Market Maker (AMM) model, ensuring high liquidity and minimal slippage for users. Initially built on the Binance Smart Chain, the platform underscores its commitment to providing a secure, transparent, and efficient trading experience. The price fluctuates daily, You can go to the exchange: Gate.io to check the price.
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