Position Exchange price 

POSI

Position Exchange is the new Decentralized Trading Protocol, powered by a vAMM and operating on Binance Smart Chain initially, aiming to bridge the gap between people and the cryptocurrency markets and enhance trading experiences.

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.