Position Exchange

<h2 id="header-0"><strong>Overview of PTX</strong></h2><p>In early September, Position Exchange launched its new token - Position Token X.</p><p>Realizing the potential of the new token, we expected Position Token X to be a multi-chain token.</p><p>Adopting the dual-token economy model, we aim to offer a better incentive structure, features, upgrades, and functionalities to the end-users.</p><p>The new token is listed on Position Exchange DEX as follows:</p><p>Name: Position Token X</p><p>Symbol: PTX</p><p>Contract Address:  0x3C7142552250B10252A214ecccA332368D66c350</p><p>Decimal: 18</p><p>Pair Symbol: $Symbol/POSI</p><p>Initial Price: 5 POSI</p><p>Liquidity: ~1,000,000 POSI</p><p>Tick size: 0.001</p><h2 id="header-1"><strong>Why is PTX born</strong></h2><p>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 to reduce trading fees, POSI comes with a different and unique approach.</p><p>Currently, since 80% of POSI 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.</p><p>We would like to introduce a new tokenomics: the Dual-token model that creates the ecosystem. The main idea is to divide the project&#39;s ecosystem into two tokens for better usability.</p><p>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.</p><h2 id="header-2"><strong>PTX&#39;s benefits</strong></h2><h2 id="header-3"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/0307526e0e7b4dae92ce43bec2f2aa5c.png" /><p></p><p>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.</p><p>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.</p><p>New token holders can enjoy more real-world utilities and multiple benefits from the POSI Chain ecosystem.</p><p>Once PTX and POSI gain stability and a higher value, bond holders can earn a thousand percent yield, exponentially higher than just a few percent as before.</p><p>All in all, switching to paying bonds with PTX, in the long run, will be beneficial for both users, the project, and the ecosystem itself.</p><h2 id="header-4"><strong>Future development direction for PTX</strong></h2><p>PTX is a significant evolution in the ecosystem of Position Exchange. It will play an essential role along with POSI to help Position Exchange develop further, and to do that, Position Exchange team has come up with many use-cases for PTX as follows:</p><ul><li>Incentive LP Providers: Once the DEX Liquidity Pool is completed, we need to have a large amount of Liquidity to become the top DEX. So at that time, PTX will be a weapon to stimulate users to add more liquidity to the DEX.</li><li>Receive transaction fee from DEX: In the future, PTX holders can receive a fee from DEX through buy-burn or staking pool, once the system is developed.</li><li>Other use cases such as staking, games, NFTs, etc. will be developed as soon as the DEX is completed and certain goals are achieved.</li></ul><h2 id="header-5">Conclusion</h2><p>Together with POSI, PTX will be an integral part of the development of the Position Exchange ecosystem in the future. In the future, the applications of PTX will expand and its value can be further enhanced, enabling holders to get a better profit. Our team commits to continuously developing the project, completing our visions, and putting POSI and PTX higher in the rankings.</p>

PTX - A Gem That You Cannot Miss, Explained!

Table of Contents

PositionExchange

Other articles published on Sep 17, 2022

Grayscale’s Entry Gives Ethereum Forked Tokens a Major Boost

Venus Protocol Mini-Program on Binance

Prosecutors Unite Over Crypto After Gary Gensler’s ETH Stance

Prom DAO Campaign: Split $120,000 in $PROM

CHAIN LINK PRICE ANALYSIS : LINK/USD bullish above $8 as William Alligator indicator shows bullis...

DJINN Guild: GameFi 2.0 Explained

Join our free newsletter for daily crypto updates!