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What is Position coin (POSI) and how does it work?

by Financial Economy

Position Exchange is a Decentralized Trading Protocol running on the Binance Smart Chain (BSC) that enables traders, liquidity providers and developers to participate in an open financial market without barriers to entry. Position Exchange is powered by the POSI token, the native utility token that serves as the backbone of its Ecosystem. Information about some topic that what is Position coin (POSI), how it works, how to buy, on which exchange, how much is it, etc is in continuation of the article. You can browse here for information about CargoX coin (CXO).

What is Position coin (POSI) and how does it work?

Position Exchange is the new Decentralized Trading Protocol powered by a vAMM and originally running on Binance Smart Chain, aiming to bridge the gap between humans and cryptocurrency markets and improve trading experiences. The platform is designed to offer all the benefits of Decentralized Finance, while bringing together the traditional Central Finance experience and tools.

Position Exchange is powered by the POSI token, the native utility token that serves as the backbone of its Ecosystem. Holders can enjoy multiple benefits and use POSI coin in other features developed by the Platform. Holders can stake, group and broadcast NFTs to grow their POSI balances as well as participate in the governance of the Position Exchange and shape its future.

POSI coin features!

POSI is the native BEP20 token that powers Position Exchange’s ecosystem. According to the statement, all fees and revenues from the protocol will be distributed back to all POSI holders through a mechanism called Buy-Back and Burn all-on-chain. This means that by simply holding POSI you are a stakeholder and can receive a share of the revenue.

Besides the aforementioned, owners can get discounts on protocol trading fees, increase their POSI balances with RFI technology, and get shares from Farm or NFT pools.

How to use POSI token?

  • POSI token holders can earn passive income by locking their tokens into stake pools and receiving rewards in return.
  • The POSI token can be used to issue NFTs.
  • POSI token holders can participate in the governance of the platform by suggesting new ideas and voting.
  • POSI token holders will only share a 1% fee on transactions while holding the tokens.

Which exchange is it on?

POSI coin is listed on some cryptocurrency such as Bybit, DigiFinex, Gate.io, MEXC, Bitrue, etc.

How to buy POSI coin?

Position coin can be purchased from listed cryptocurrency exchanges, mentioned above. However, before trading, it i necessary to make sure that the exchange and the crypto project are “TRUSTED”. It is so important point for investors.

POSI coin supply!

The total supply of Position coin is 46.500.000 POSI. Its maximum supply is also 100.000.000 POSI.

POSI coin price!

As of March 18, 2022, at the time of creating the article, 1 POSI coin price is around $1,37 (the price can change instantly because of volatility).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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