What is Position Exchange (POSI)?
Position Exchange is a decentralized trading platform built on the POSI Chain. The exchange offers secure, transparent, and trustless access to digital assets for every user. Powered by a virtually automated market maker (vAMM), Position Exchange allows users to trade tokens and synthetic assets entirely on-chain. The exchange is a bridge connecting people and crypto markets seamlessly to improve their trading experiences. The star feature of Position Exchange is its easily accessible and efficient derivatives trading.
However, as it is a decentralized finance (DeFi) protocol, Position Exchange offers users multiple ways to earn and grow their assets. Its open-source order book matching engine works efficiently for any assets comprising options, futures, spots, lending positions, and many more. Though the low-fee spot trading is at the core of Position Exchange. Besides, it's important to note that the protocol’s choice for the order book mechanism offsets the risks of sandwich attacks, which are common in DeFi projects using AMM. Additionally, as the order book records more transactions, Position Exchange's slippage falls to nearly zero.
Overall, Position Exchange aims to become the ultimate DEX leveraging the best of blockchain technology and topping it up with the convenience and reliability of CEXs. Aiming for over 1 billion users, the exchange is built to offer unrestricted access to financial services for every person.
Use Cases of POSI Tokens
POSI is the native token of the POSI chain. It's a governance and utility token. Primarily, POSI is used by traders to settle transaction fees.
As a governance token, though, POSI makes its holders eligible to vote on proposals regarding the Position Exchange operations. When voting for proposals, holders with more POSI have a weightier vote than those holding fewer coins.
Moreover, POSI holders can deploy their tokens to staking pools to earn passive income.
Besides that, the exchange's smart contract charges a 1% fee for each transaction. The fee is distributed proportionally to all users. This mechanism incentivizes traders to hold their POSI tokens.
The token’s expansive use case makes it a practical token one may consider buying. Check today's POSI price and its historical performance, if you're planning to buy it, on the Position Exchange price chart above.
Who Founded Position Exchange?
The Position Exchange crypto project was launched in February 2021 and has a fast-growing community of members and traders. Its team members maintain a low profile, often engaging the community through official channels.
Tokenomics of POSI
The POSI team is dedicated to steadily growing the POSI price. The max supply of POSI is 100 million tokens, while the total supply is 91.8 million. The team induces a falling token supply through its buyback-and-burn model using all fees generated from the derivatives trading platform to buy a portion of POSI from the market and burn it immediately.
The deflationary POSI token works to ensure a regularly-rising value in the long term. You can view the POSI price on the aforementioned price chart.