Position Exchange

<p>Entering Phase 3: Improving, Position Exchange has, only within the third quarter of 2022, launched numerous new features while constantly improving and perfecting existing ones. Our ecosystem is swiftly expanding to be comparable to other leading blockchains, DeFi projects.</p><p><strong>2022 Quarter 3 Wrap-up</strong></p><p>The 3rd quarter of 2022 has marked important milestones in Position Exchange’s development.</p><h2 id="header-0"><strong>2022 July</strong></h2><p>Celebrating Position Exchange’s birthday, July has been filled with numerous events taking place on both the website and social media channels.</p><h3 id="strong-mobile-app-v1-0-0-strong"><strong>Mobile app v1.0.0</strong></h3><p>Position Exchange launched its first version on Google Play, promising users a Decentralized wallet with the best and fastest experience, a friendly interface, and simple operation.</p><h3 id="strong-positionturns1-strong"><strong>PositionTurns1</strong></h3><p>To the delight of #PositionTurns1 birthday, Position Exchange has come up with a series of website and social media events with a total prize value of up to $500,000.</p><p>The total burned POSI after the event was up to 205K&#43; POSI</p><p>In addition, other significant accomplishments in July included:</p><ul><li>Reach 720k users on the website</li><li>691k new users</li><li>Reaching 255K&#43; followers on Twitter</li><li>15k&#43; subscribers on Youtube</li><li>100 limited Birthday NFTs sold out in just 12 seconds</li></ul><h2 id="header-1"><strong>2022 August</strong></h2><h3 id="strong-posi-chain-goes-live-strong"><strong>POSI Chain goes live</strong></h3><p>With the desire to focus on transaction speed and low transaction fees with the goal of making a system for a Decentralized Perpetual Trading Central Orderbook, POSI Chain was launched on August 1.</p><p>Currently, there are 8 validators with a Total Network Stake of up to 5,199,926 POSI.</p><p>POSI Chain has been developed to help overcome a myriad of limitations and provides a system with high-speed, ultra-low cost, and great TPS.</p><ul><li><strong>2.01-sec </strong>Transaction Finality</li><li><strong>$0.00286</strong> Average Cost Per Transaction</li><li><strong>10,000 TPS</strong></li></ul><h3 id="strong-posi-bridge-strong"><strong>POSI Bridge</strong></h3><p>With the mission of being a cross-chain protocol designed for efficient and unlimited crypto token transfers with instant and secure transactions from other chains to POSI Chain and vice versa, Position Exchange released the first version 1.0.0 of POSI Bridge on August 2, 2022.</p><p>POSI Bridge offers a fast transfer speed, which only takes 3-5s for each transaction from BNB Chain to POSI Chain.</p><h3 id="strong-mobile-app-v1-2-0-strong"><strong>Mobile app v1.2.0</strong></h3><p>With the motto of constantly changing and developing, another major version of the mobile app was released in August with additional functions: purchase, stake Position Bond, support POSI Bridge, and optimize app performance.</p><h3 id="strong-new-tokenomics-strong"><strong>New Tokenomics</strong></h3><p>At the end of August, we also successfully released the new tokenomic. With the new reward token, we will stop minting POSI on BNB Chain and will only mint for validators on POSI Chain until it reaches the maximum 100,000,000 supply. However, users are still supported in earning rewards.</p><p>PTX is a significant evolution in the ecosystem of Position Exchange. It will play an essential role along with POSI in helping position exchange develop further. Stay tuned for other special features of PTX!</p><p>In addition, other significant accomplishments in August included:</p><ul><li>Reaching 600k&#43; users</li><li>Launching a new Farm/Pool with a high APR</li><li>All-time-high POSI was delegated: 5,277,426 POSI</li></ul><h2 id="header-2"><strong>2022 September</strong></h2><h3 id="strong-new-roadmap-strong"><strong>New Roadmap</strong></h3><p>The new Roadmap provides a very clear and optimistic illustration of Position Exchange&#39;s plan. The third phase of Position Exchange&#39;s development is currently underway, but there is still much to be done. Position Exchange will keep its promise to the community by bringing innovative features. See more about the new Position Exchange Roadmap <a href="https://docs.position.exchange/roadmap/position-exchange-and-development-plan" rel="noopener noreferrer nofollow">here</a>.</p><h3 id="strong-position-p2p-bond-strong"><strong>Position P2P Bond</strong></h3><p>Position Exchange P2P Bond enables users to issue bonds proactively. It is completely on-chain and without the use of an intermediary. Position Exchange P2P Bond is expected to provide users with an alternative to selling assets while maintaining the intended funds.</p><h3 id="strong-position-exchange-dex-mechanism-strong"><strong>Position Exchange DEX Mechanism</strong></h3><p>September was also a watershed moment for the architecture team. We have solved the difficult problem of how to create the DEX with an effective Market Maker and liquidity pool. This achievement promotes Position Exchange to continue towards the goal of bringing an Innovation DEX to all DeFi users.</p><h3 id="strong-social-media-strong"><strong>Social Media</strong></h3><h4><strong>CoinMarketCap Feed</strong></h4><p>Position Exchange has a CoinMarketCap official community. With over 600 followers in just one month of operation, our community has quickly become one of the top five fastest growing communities on CMC Community in terms of article views.</p><h4><strong>Twitter</strong></h4><p>We have created an official account POSI Chain that provides information about POSI Chain and supports new developers, which has almost reached 15k followers in just 3 weeks.</p><p>The Position Exchange Twitter channel has grown by 20k followers and has reached more than 260k&#43; followers.</p><h3 id="strong-position-exchange-got-650k-43-holders-strong"><strong>Position Exchange got 650K&#43; holders</strong></h3><p>Position Exchange has more than 650k&#43; holders as of September 2022.</p><p><strong>2022 Quarter 4: The time for the Next Generation of DEX and DPTP</strong></p><p>There are only 3 months left until the end of 2022, with many fluctuations in the crypto market and Position Exchange ecosystem. Posination has been waiting a long time for the completion of the DEX and Decentralized Perpetual Exchange Protocol (DPTP).  As stated in the new road map, we are now in phase 2 of proof of concept and testing, and the outcome is feasible, allowing us to develop an exchange with lower gas fees, better liquidity, and a better trade price. Our Position Exchange Team is committed to launching the next generation mainnet of DEX and DPTP (Gen 2) in the fourth quarter of 2022, out of a sense of community responsibility.</p><h3 id="strong-dex-gen-2-mainnet-strong"><strong>DEX Gen 2 Mainnet</strong></h3><p>With the learning and improvement from the first generation, the next generation of DEX promises to provide a great user experience with the lowest gas fee and slippage in the market, and a better exchange rate. Furthermore, Position DEX will allow users to create any trading pair without the permission of the Position Exchange team, and Position DEX will run on a variety of blockchains. The mainnet will be launched in the second half of the fourth quarter of 2022.</p><h3 id="strong-dptp-gen-2-mainnet-strong"><strong>DPTP Gen 2 Mainnet</strong></h3><p>Futures Bridge will play an important role in the next version of DPTP, leveraging the low fees and fast transaction speed of the POSI Chain. It will effectively transform the POSI Chain into a true Central Orderbook. As Futures Bridge will transfer all transactions from other blockchains, the DPTP Gen 2 Mainnet promises users lower gas fees, higher leverage, more pairs, and the ability to be used on multiple blockchains. The mainnet version is set to go live in the middle of Q4 2022.</p><h3 id="strong-mobile-app-strong"><strong>Mobile App</strong></h3><p>Position Exchange will also commit to bringing the Position Exchange Mobile App to the iOS App Store in Q4 2022. Along with the DEX and DPTP upgrades, the mobile app will be improved in order to make it a super app about blockchain as stated in our vision.</p><h3 id="strong-marketing-strong"><strong>Marketing</strong></h3><p>Our marketing team will promote the main products while collaborating with influencers for social media campaigns. We target to reach 700,000 holders and attract more users for Position Exchange in the final months of 2022.</p><p><strong>Conclusion</strong></p><p>Even when the crypto world has entered a new era with unpredicted chapters, Position Exchange will not give up. We have the right to adventitiously hope for all the best to come. With the spirit of builders, we will strive to perfect our products, contributing to the advancement of Position Exchange.</p><p>In the process of construction and development, we cannot comprehensively avoid shortcomings to meet the community’s expectations. However, we want to learn from our mistakes and will continue to dedicate the best of ourselves to serving you.</p><p>We are all ears to all of your opinions to provide the best value for the ecosystem and the community. As a result, Position Exchange is looking forward to receiving the community&#39;s active support in helping this business move forward.</p><p>After 3 months of booms and busts, please stand shoulder to shoulder with us gearing up for the next quarter full of expectations and promises. Keeping up the highest degree of transparency and paying close attention to the community, we are committed to continuing our work to form policies that prioritize our users and move our community forward. Once again, we would like to treasure this chance to express our deep gratitude to all of you. Without your endless support, we wouldn&#39;t have gone this far.</p><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a7b9974d93cf487ea2765b92c9aadd36.png" /><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4be69993b58a4ad3b441e1ec2ceb9833.png" /><p></p>

Position Exchange's Quarterly Report: Q3 2022

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