On Thursday 26th August, we had to chance to have an AMA session with Binance Smart Chain on their official Telegram channel: https://t.me/BinanceDEXchange
The AMA session turned out to be very fruitful and Position Exchange was introduce to the BSC community!
Below, is a recap of the AMA for those of you who might have missed it.
Q1: What is your background? How did you come to start Position Exchange?
James: This is James, one of the co-founders of Position Exchange, a new Decentralized Trading protocol operating fully on BSC. We are based in Singapore, The team members and collaborators…
Position Exchange is glad to introduce its new feature:
Position Exchange NFTs
To continue delivering the milestones that we set on our roadmap, we are happy to announce to our community that the NFT staking pools are officially opening on Sunday, 15.08.2021 at approximately 12:00 pm UTC!
This article will guide you through this new feature and provide you with information about POSI NFTs and how it works.
In a regular staking pool, users deposit tokens into a contract and are rewarded with the same or different token in the form of rewards.
An NFT staking pool is different and…
As you can see, our deployer address is holding 7.7m POSI which represents 70.0621% of the circulating supply. Note that the max supply is 100m.
We’re planning to move the vast majority of the tokens (6.7m POSI) from the deployer address to a Governor + Timelock contract. The remaining tokens (1m POSI) will be transferred to the migrating smart contract. The new contract will be named Company Reserve Fund in which the tokens will be locked and will implement a voting function.
Whenever the project needs development funds. We will submit a proposal and let POSI holders vote for it…
We understand that security is the main priority and most important concern in the DeFi industry. We do not want to put user’s funds at risk. Unfortunately, as we all witnessed, the POSI v1 contract contained a vulnerable issue in the mint function. Luckily, we have successfully stopped and corrected the issue before it made a big impact on the investors. Position Exchange bore all the costs of the unfortunate event.
We have then moved to POSI v2, with some refactors to fix the issue. However, to ensure the new contract is safe for users. We have decided to proceed…
Position Exchange’s team is glad to announce that POSI is coming back in its new version POSI v2. We would like to express our thanks and gratitude to all POSI Community members who have been supportive during these hard times.
After a long week of hard work and sacrifice, our corrective work came to an end with great results. …
We would like to express our sincere apologies for the last incident that has occurred. Position Exchange’s Team has been working day and night during the last months to bring this project to life. Our main goal was to develop a unique protocol that will be completely decentralized, governed, and developed by the community. We want to push the concept of decentralization to its limit and bring a genuine DeFi experience to our community.
The team behind Position Exchange is aiming to bring innovative mechanisms that would allow the project to be auto-managed by the community soon.
Having this approach…
Position Exchange’s Team is excited to announce that the whitelist emails are sent to the 3000 community members who were selected in our Lottery to participate in the exclusive whitelist sale!
Due to the high interest drawn by our project, we received a lot of fraudulent entries aiming to increase the chance of winning a whitelist spot. Rest assured the team has been working hard to validate each and every lottery winner so that the process is fair to all.
Please note that EVERYONE who participated in the Airdrop will receive their token share according to their respective number of…
First, we would like to thank you for your amazing support and massive participation in Position Exchange’s 1st Live AMA Session held on our Telegram on July 13th at 13:00 UTC.
Building strong bridges and connections with the POSI community is one of our main goals.
Our 1st AMA session was a great opportunity to introduce the Position Exchange Protocol and our strategic long term goals. The live interactions with the community allowed us to understand the main concerns and expectations, and gave us the chance to bring detailed and precise answers to all participants’ questions.
Following is a summary…
First of all, we would like to give a special thanks to our amazing community and everyone who has participated in the Airdrop. We have received great support and reached 30k followers on Twitter and 70k members on Telegram in a very brief time.
Up next, is the long-awaited whitelist sale! You will find in this article a detailed guideline on how to participate in this exclusive sale if you win the lottery.
The community whitelist sale guarantees 3,000 community members an allocation of POSI tokens. Each member will be able to choose to purchase between $100 — $2000 worth…
Position Exchange team is pleased to announce the launch of its new Decentralized Exchange and Trading Platform. With our unique protocol and its special features in the DeFi industry, Position Exchange is aiming to become the Derivatives trading platform of choice and the most decentralized, community driven platform by excellence.
Position Exchange is the new Decentralized Exchange platform, powered by a virtual Automated Market Maker (vAMM) and operating on Binance Smart Chain (BSC), aiming to bridge the gap between people and the cryptocurrency markets and enhance trading experiences.
The platform is designed to deliver all the advantages of Decentralized Finance…