About Position Exchange
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. 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.
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Trading Insights
Searched
2
Market Stats
Market Cap
ARS 186.55M
4.53%
FDV
ARS 234.18M
Circ. Supply
80M POSI
Max Supply
100M POSI
Total Supply
92M POSI
Diluted Valuation
ARS 215.39M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
ARS 1.37M
-48.29%
Volume (7D)
ARS 7.95M
Volume (30D)
ARS 501.40M
All time high
ARS 8.82K
Price Change (1Y)
-67.53%
Additional info about Position Exchange
Recent trends
The latest POSI price is ARS 2.34. Compared to Position Exchange's value of ARS 2.24 from 24 hours ago, there's been a 5% increase, while the current price is -34% down from ARS 3.46 which was recorded one week ago. Position Exchange's all time high is ARS 8,823.70, which was reached on September 6, 2021. This is a -100% change from its price today.
The current circulating supply of Position Exchange is 79,659,350. This is 80% of its max supply of 100,000,000 POSI and 87% of its total supply of 91,800,000. The market cap is currently ARS 186.55M, which is a result of multiplying the current price of Position Exchange(ARS 2.34) by the total supply(91,800,000 POSI). The fully diluted valuation of Position Exchange is ARS 234.18M. The diluted valuation of Position Exchange is ARS 234.18M.
Market details
POSI vs markets
↘ 75.75%
POSI vs BTC
↘ 79.52%
POSI vs ETH
↘ 55.45%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x5CA42204cDaa70d5c773946e69dE942b85CA6706 |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 2.34 | ↗ 4.63% |
1 Day | ARS 2.24 | ↗ 4.63% |
1 Week | ARS 3.46 | ↘ 33.63% |
1 Month | ARS 2.77 | ↘ 17.44% |
1 Year | ARS 7.45 | ↘ 67.53% |
FAQ
Position Exchange is a decentralized cryptocurrency platform aimed at bridging the gap between people and cryptocurrencies while also improving the DeFi experience. As the whitepaper states, the protocol is completely owned and operated by its community. The platform seeks to provide users with a wide range of DeFi products in an open, transparent, and trustless system where everything happens on-chain (on the blockchain). The platform is designed to provide all of the benefits of decentralized finance while incorporating traditional centralized finance tools and experiences.
The POSI token, the native utility BEP-20 token of Position Exchange, serves as the backbone of its ecosystem. Holders can use a variety of benefits and use POSI in other platform features. All fees and earnings generated by the protocol are allocated to all POSI holders using an on-chain method called Buy-Back and Burn. Buy-Back and Burn is a mechanism in which the platform buys the tokens and burns or destroys them by sending them to an unusable or invalid wallet address. Burning of the token is done to decrease the circulating supply so that the value of the token increases.
Furthermore, POSI holders seek to have various benefits such as the following:
As stated in the whitepaper, the project's team and collaborators are multidisciplinary, with substantial experience in programming, smart contracts, blockchain, finance, trading, and cryptocurrency. For the earliest stages of the project, the crew has agreed to remain anonymous. This decision was made after much thought regarding the nature of Position Exchange and how to create trust in the POSI project's potential rather than in individuals.
We update our Position Exchange to ARS currency in real-time. Get the live price of Position Exchange on Coinbase.
The current market cap of Position Exchange is ARS 186.55M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Position Exchange is ARS 8,823.70. This all-time high is highest price paid for Position Exchange since it was launched.
Over the last 24 hours, the trading volume of Position Exchange is ARS 1.37M.
Assets that have a similar market cap to Position Exchange include BHO Network, DEXA COIN, Sonic The Goat, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Position Exchange is 80 million.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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