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WE ARE JUST GETTING STARTED 🔥🔥
Who else is excited?
The Trading Protocol is coming soon...
#POSI #PositionExchange #BSC #PositionProtocol
Who else is excited?
The Trading Protocol is coming soon...
#POSI #PositionExchange #BSC #PositionProtocol
Join our 4th Live AMA tomorrow August 7th at 09:00 AM UTC on: https://news.1rj.ru/str/PositionExchange
✅Live chat with the Devs and the Team
✅News and Announcements
✅Discussing the Roadmap
✅500 POSI AMA rewards.
Be there!
#POSI #PositionExchange #BSC #AMA
✅Live chat with the Devs and the Team
✅News and Announcements
✅Discussing the Roadmap
✅500 POSI AMA rewards.
Be there!
#POSI #PositionExchange #BSC #AMA
Let your POSI work HARD for you 💯
Great APR of 3,700% on the POSI-BUSD farm now. Stake 1000 LP and Earn $721.21 weekly and $37,542.28 annually! 🤑🤑
Remember, we are just getting started.
Farm now on: https://app.position.exchange/farming
https://twitter.com/PositionEx/status/1423630995996123141
Great APR of 3,700% on the POSI-BUSD farm now. Stake 1000 LP and Earn $721.21 weekly and $37,542.28 annually! 🤑🤑
Remember, we are just getting started.
Farm now on: https://app.position.exchange/farming
https://twitter.com/PositionEx/status/1423630995996123141
PRE-Position-Token-2021-08-06.pdf
1.1 MB
Certik Audit and Security
Dear Community,
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 to an audit with Certik - the most popular and renowned Audit agency and we have already received a preliminary report.
As you can see in the attached file, there are no critical issues with the contract, but only a Centralization Risk, few minor redundant code and informational issues which won’t have any impact on the contract.
Dear Community,
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 to an audit with Certik - the most popular and renowned Audit agency and we have already received a preliminary report.
As you can see in the attached file, there are no critical issues with the contract, but only a Centralization Risk, few minor redundant code and informational issues which won’t have any impact on the contract.
Concerning the Centralization Risk of owner, we will implement a system similar to Compound governance for the POSI token contract and Treasury contract which requires the owner to make a proposal in order to be able change the most important components such as
POSI token-holders can delegate their voting rights to themselves, or an address of their choice. POSI holders' votes will count proportionately to their POSI balance.
When a governance proposal is created, it enters a 2 day review period, after which voting weights are recorded and voting begins. Voting lasts for 3 days; if a majority, and at least 100,000 votes are cast for the proposal, it is queued in the Timelock, and can be implemented 2 days later. In total, any change to the protocol takes at least one week.
After the system is implemented, an announcement will be made then we will get the final report from Certik.
We are just getting started, as we have been stating, this is a long-term project that will provide maximum benefits for investors.
treasuryContract, positionStakingManager insuranceFund which has the right to mint more POSI.POSI token-holders can delegate their voting rights to themselves, or an address of their choice. POSI holders' votes will count proportionately to their POSI balance.
When a governance proposal is created, it enters a 2 day review period, after which voting weights are recorded and voting begins. Voting lasts for 3 days; if a majority, and at least 100,000 votes are cast for the proposal, it is queued in the Timelock, and can be implemented 2 days later. In total, any change to the protocol takes at least one week.
After the system is implemented, an announcement will be made then we will get the final report from Certik.
We are just getting started, as we have been stating, this is a long-term project that will provide maximum benefits for investors.
Position.Exchange Announcement pinned «Concerning the Centralization Risk of owner, we will implement a system similar to Compound governance for the POSI token contract and Treasury contract which requires the owner to make a proposal in order to be able change the most important components such…»
Deployer address token lock:
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 (note that POSI voters will earn a fee for voting). POSI holders' votes will count proportionally to their amount of POSI. The more POSI you have, the more your vote counts. Once the proposal passes, the amount will be locked for 24 hours to execute the withdrawal.
However, since we have implemented RFI technology which allows 1% on every transfer transaction to be shared among POSI holders. There will be an amount of 77,000 POSI (which is equivalent to more than $78,000 at the current rate) distributed to holders.
The more POSI you hold the higher your share of the 1% would be! So buy and HOLD.
The transfer is scheduled for Sunday evening UTC time.
The voting procedure will be followed for all decisions and upcoming changes. Position Exchange is a project that was created to achieve a specific and clear vision, which is to be the most decentralized and community-driven protocol in the Defi Industry. This is a project that will be 100% led and governed by the community. The team and devs are only here to ensure a smooth launch before transferring 100% of the governance to POSI holders.
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 (note that POSI voters will earn a fee for voting). POSI holders' votes will count proportionally to their amount of POSI. The more POSI you have, the more your vote counts. Once the proposal passes, the amount will be locked for 24 hours to execute the withdrawal.
However, since we have implemented RFI technology which allows 1% on every transfer transaction to be shared among POSI holders. There will be an amount of 77,000 POSI (which is equivalent to more than $78,000 at the current rate) distributed to holders.
The more POSI you hold the higher your share of the 1% would be! So buy and HOLD.
The transfer is scheduled for Sunday evening UTC time.
The voting procedure will be followed for all decisions and upcoming changes. Position Exchange is a project that was created to achieve a specific and clear vision, which is to be the most decentralized and community-driven protocol in the Defi Industry. This is a project that will be 100% led and governed by the community. The team and devs are only here to ensure a smooth launch before transferring 100% of the governance to POSI holders.
Position.Exchange Announcement pinned «Deployer address token lock: 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…»
HOLDERS are always WINNERS.
Coming soon:
✅ Derivatives Trading Protocol
✅ Single Staking Pools, More Farms
✅ Position Exchange NFTs
✅ Major Listings and Partnerships...
✅ Token Buyback and Burn 🔥
We are just getting started!
https://twitter.com/PositionEx/status/1423905372964757504
#POSI #PositionExchange #BSC #HOLD
Coming soon:
✅ Derivatives Trading Protocol
✅ Single Staking Pools, More Farms
✅ Position Exchange NFTs
✅ Major Listings and Partnerships...
✅ Token Buyback and Burn 🔥
We are just getting started!
https://twitter.com/PositionEx/status/1423905372964757504
#POSI #PositionExchange #BSC #HOLD
Dear Community,
Following several requests form our Community to create regional group chats, we have created the following chats:
Chinese: https://news.1rj.ru/str/PositionExchangeChinese 🇨🇳
Russian: https://news.1rj.ru/str/PositionExchangeRussian 🇷🇺
Indonesian: https://news.1rj.ru/str/PositionExchangeIndonesian 🇮🇩
Vietnamese: https://news.1rj.ru/str/PositionExchangeVietnamese 🇻🇳
Admins will then be selected to manage each Community chat.
You can always refer to https://news.1rj.ru/str/PositionAnn for more information.
Following several requests form our Community to create regional group chats, we have created the following chats:
Chinese: https://news.1rj.ru/str/PositionExchangeChinese 🇨🇳
Russian: https://news.1rj.ru/str/PositionExchangeRussian 🇷🇺
Indonesian: https://news.1rj.ru/str/PositionExchangeIndonesian 🇮🇩
Vietnamese: https://news.1rj.ru/str/PositionExchangeVietnamese 🇻🇳
Admins will then be selected to manage each Community chat.
You can always refer to https://news.1rj.ru/str/PositionAnn for more information.
The price now is live on BSCscan 🔥🔥🔥.
https://bscscan.com/token/0x5ca42204cdaa70d5c773946e69de942b85ca6706
We are just getting started! Fasten your seatbelts...
https://bscscan.com/token/0x5ca42204cdaa70d5c773946e69de942b85ca6706
We are just getting started! Fasten your seatbelts...
Position.Exchange Announcement pinned «Dear Community, Following several requests form our Community to create regional group chats, we have created the following chats: Chinese: https://news.1rj.ru/str/PositionExchangeChinese 🇨🇳 Russian: https://news.1rj.ru/str/PositionExchangeRussian 🇷🇺 Indonesian: https://t.…»
[IMPORTANT] Today at 5pm UTC, 7m POSI tokens from the deployer address will be moved the the new Governor + Timelock contract named Company reserved funds.
The transfer will result in 1% of 7m which is $78,000 in POSI tokens distributed ONLY to POSI HOLDERS due to RFI technology.
Users who hold more POSI will receive more than those who hold less.
The more you hold the more your receive. 🤑🤑🔥🔥
The transfer will result in 1% of 7m which is $78,000 in POSI tokens distributed ONLY to POSI HOLDERS due to RFI technology.
Users who hold more POSI will receive more than those who hold less.
The more you hold the more your receive. 🤑🤑🔥🔥
Hurry up! 4 hours left! $8,000,000 of POSI in the deployer's address will be moved to a locked contract.
$80,000 will be rewarded back to all POSI holders! 🔥
The more you hold, the more your reward is. 🤑🤑
Go like and RT our tweet to get people noticed!
https://twitter.com/PositionEx/status/1424356524567064579
$80,000 will be rewarded back to all POSI holders! 🔥
The more you hold, the more your reward is. 🤑🤑
Go like and RT our tweet to get people noticed!
https://twitter.com/PositionEx/status/1424356524567064579