Position Exchange

<h2 id="header-0"><strong>Definition of NFTs</strong></h2><p>Non-fungible tokens (NFTs) represent distinct and non-interchangeable digital assets whose ownership has been authenticated and stored on a blockchain database. They cannot be replicated, substituted, or subdivided, but can be collected, sold, and traded on various online platforms. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible.</p><h2 id="header-1"><strong>Position Exchange NFTs</strong></h2><p>Position Exchange has developed a new NFT Protocol and introduced Crypto NFTs as a new feature. You can mint NFTs with unique characteristics and different rarities (by depositing POSI tokens) and then stake them in the NFT Pools to gain rewards.</p><h3 id="strong-types-of-nft-cards-on-position-exchange-strong"><strong>Types of NFT cards on Position Exchange</strong></h3><p>Currently, Position Exchange NFTs are offered with 6 grades of different Productivity and Mining Efficiency: <strong>Farmer, Janitor, Accountant, Engineer, Pilot, and Boss</strong>.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/666298e9c46f490ba74ed6881ebb07a1.png" /></p><p>Besides, during the <strong>#PositionTurns1</strong> birthday events series in July, Position Exchange launched the exclusive NFTs Birthday Card Collection, comprising 3 types of NFTs, namely <strong>Dreamer, Challenger, and Conqueror</strong>.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/bb7d33a094e6443fbde5d229ee2e76b2.png" /></p><p>Each NFT card has productivity and mining efficiency. You can see the details by putting the cursor on each card. The higher the level of the NFT card, the more advantages you will be able to receive.</p><p>Unlike 6 original NFTs, which can be decomposed back to POSI after a decomposition time, the Birthday Card version cannot be decomposed.</p><h2 id="header-2"><strong>NFTs utilization comparison</strong></h2><p>- Usual NFT Selection Criteria: Art element, Twitter PFP, Creativity</p><h3 id="strong-common-nfts-strong"><strong>Common NFTs</strong></h3><p>Their scarcity and uniqueness make non-fungible tokens a good match for real-world assets, logistics, music royalties, etc. These are some universal utilizations of NFTs:</p><ul><li>NFTs can be used as <strong>loyalty points or rewards</strong>. A company could issue NFTs that can be redeemed for discounts or special offers. This would be an incentive to promote the selling amount of products.</li><li>NFTs can be used to <strong>create</strong> <strong>digital collectibles</strong>. For example, a game could issue NFTs that represent rare in-game items. These NFTs would be highly sought after by collectors and could be traded on secondary markets.</li><li>NFTs can be used to <strong>represent ownership of digital assets </strong>such as art, music, or video. The core idea is that NFTs can be used to certify that a certain digital asset is original and has been verified by the creator, which then reduces piracy and ensures that creators are properly compensated for their work.</li><li>NFTs can be used for <strong>gaming applications</strong>. For example, an NFT could represent a character in a game. The NFT would be stored on a blockchain and would be transferable to another player. It is also an effective way to gain profit if the original owner decides to sell it.</li></ul><h3 id="strong-position-exchange-nfts-strong"><strong>Position Exchange NFTs</strong></h3><p>Instead of just being able to sell, bid, or enrich personal collections like other NFTs in the market, Position Exchange NFTs can be used to stake in Pools to gain tokens as rewards.</p><p>Position Exchange NFT cards are not purely cosmetic but have several use cases on the platform itself</p><ul><li>You can cast NFTs with any amount of POSI.</li><li>NFT Cards can be traded in the NFT marketplace on our platform.</li><li>The NFTs themselves will be publicly tradable. You can auction, buy, or sell them on our marketplace without any limitations with a plan to include them in other projects’ marketplaces as well.</li><li>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. Try it <a href="https://position.exchange/pools" rel="noopener noreferrer nofollow">here</a>.</li><li>In the future and once the Circulating Supply reaches a high volume, the rarity of POSI NFTs will increase and the value of these unique cards might reach unpredictable levels.</li></ul><p>More details on Position Exchange NFTs and how to cast them can be found: https://bit.ly/PositionExchange2022 </p><h2 id="header-3"><strong>Conclusion</strong></h2><p>NFTs have the potential to be a highly profitable portfolio investment. In parallel with other system features in the system, Position Exchange is making every effort to perfect and upgrade the NFTs feature. With the benefits that Position Exchange NFTs provide, we guarantee a wonderful and one-of-a-kind customer experience as the product&#39;s name itself!</p>

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