Position Exchange

Decentralized Perpetual Trading Protocol or DPTP is the new fully Decentralized perpetual futures contract trading protocol powered by a fully on-chain order book, operating on multi-chain, bringing on-chain derivatives to the DeFi ecosystem.Succeeding part 1, we will explain how Position Exchange's DPTP version 2 can revolutionize the way we trade by talking about the benefits it offers.<h2 id="header-0">Trade on-chain Futures/Perpetual transparently &amp; trustlessly</h2>Several centralized exchanges (CEX) have been accused of manipulating their opaque nature and conducting insider trading, faking volume, and price manipulation. Centralized exchanges’ users are a potential target for identity thieves as they have to provide their personal information.Following closely the motto “By the Community - For the Community - Don’t trust us, Read the code!”, our DPTP 2.0 provides a trustless and transparent trading experience in which you don’t need to put your trust on the exchange since transactions work 100% on Smart Contracts. Furthermore, no one can interfere with your position, and all transactions can be verified, ensuring the blockchain's transparency and eliminating the fear of market manipulation.Centralized exchanges may also freeze customers’ withdrawals or steal their assets. Access to their funds might suddenly be terminated because the exchange was subject to some government regulations, sanctions, and whims or just because it is subjected to its founder’s greed. One of the most notorious cases involved Sam Bankman-Fried, FTX’s founder and CEO, who was accused of a fraudulent cryptocurrency scheme designed to take advantage of unsophisticated investors.Thus, decentralized exchanges are ideal for preventing market manipulation and safeguarding users from fake trading and wash trading due to their nature of allowing peer-to-peer exchange of cryptocurrencies.Position Exchange’s DPTP 2.0 granted investors full control of their own funds. Your funds are safeguarded in your wallet and remain untouched until you conduct a transaction.<h2 id="header-1">Trade cryptocurrency, without an account</h2>In some exchanges, the account creation process is normally complicated and requires know-your-customer (KYC) which take time to finish. In contrast, Position Exchange's DPTP version 2 prioritizes customers’ privacy and anonymity by not requiring them to fill out KYC forms while empowering them to have full control of their assets. You don't need to create an exchange account and can start trading immediately. Investors can also hide their identities while trading.Furthermore, with a newbie, performing cumbersome steps are always a hindrance. To deal with that, our DPTP allows users to trade Perpetual Future contracts from your (Web3) wallets with no deposit needed and clear guidance.<h2 id="header-2">Avoid CEX, move to Decentralized Futures Trading</h2>Being completely decentralized, transactions on Position Exchange’s DPTP 2.0 are processed and stored on the blockchain. We work with the motto of transparency and non-interference in users’ activities. Your assets are safe with us.Integrating Decentralized autonomous organization (DAO) smart contracts, codes and transactions on DPTP 2.0 are tamper-proof, which means no one can modify the code (the DAOs rules) without being noticed because everything is public. Representing a community-led entity with no central authority, DAO is fully autonomous and transparent in that smart contracts lay the foundational rules, execute the agreed-upon decisions, and any activities, including proposals, voting, or code, can be publicly audited.Designed to deliver all the advantages of Decentralized Finance whilst bringing the traditional Centralized Finance experience and tools onboard, Position Exchange believes that our Decentralized Perpetual Trading Protocol 2.0, with the aforementioned advantages, is a best-of-both-worlds approach.

What we promise with DPTP 2.0 (Part 2)

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