Position.Exchange Announcement – Telegram
Position.Exchange Announcement
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Check out the countdown of the AMA & Listing on PancakeSwap on the top. Less than 12 hours remaining. You can check it in your time zone. Be there!!!
Together we are Stronger !

timee.io/20210719T0400?tl=Position%20Adding%20Liquidity%20%26%20AMA%20event&ln=https%3A%2F%2Ft.me%2FPositionAnn
[ANNOUNCEMENT] The whitelist sale is officially closed. We are happy to announce that 3,678,107 POSI were sold during the sale duration. The remaining allocation amount of 1,321,893 POSI will be burned. We would like to thank everyone for participating in the Airdrop and the whitelist sale. The POSI community is growing faster and stronger. We are very excited to have you with us in this exciting journey ahead.

The liquidity will be added on July 19th 04:00 UTC at $1.

At the same time we will also open the farming service where POSI holders can stake and earn more POSI.

Don't forget that you can generate more tokens simply by HODLing POSI on your wallet using RFI technology.
Let's take POSI right where it should belong!
Together we are Stronger !
Introducing Position Exchange Protocol. The new decentralized & community-driven protocol bringing many features and products to POSI holders:

- On-chain Futures Trading on crypto assets with high leverage, low fees and low slippage.

- Farming: Stake LP tokens to earn POSI on different farms.

- Staking: Stake POSI to generate passive income and grow your token balance.

- Cast NFTs: Use POSI to cast NFTs with different rarities then stake them in the NFT pools to generate more income.

- DAO: Position Exchange is owned and operated by its community. POSI holders can participate in the development of the platform.

And much more to come!
Position.Exchange Announcement pinned «[ANNOUNCEMENT] The whitelist sale is officially closed. We are happy to announce that 3,678,107 POSI were sold during the sale duration. The remaining allocation amount of 1,321,893 POSI will be burned. We would like to thank everyone for participating in…»
Position.Exchange Announcement pinned «Burned transaction: https://bscscan.com/tx/0xaa1fdbf7432be8d47359f07989539bebca3c2763110a0c079b020baf9b70e733»
[IMPORTANT] Dear Community,

This is Justin, one of the co-founders of Position Exchange. First of all, I would like to express my sincere thanks to everyone of you, for participating in the Airdrop and the whitelist sale. You guys have been great, this is the least I could say. I'm writing to you because I feel we need to bring some clarity and address some important points. I need you to know that you guys are very important to Position Exchange, you are the present and the future of this platform. Each POSI holder in an owner, so I feel like I'm writing to my partners.

Guys, this is not a random or scam project! This is the result of a Team who spent the last 6 months tirelessly working, building and developing a platform dedicated to the community. We do understand the current market trends and conditions, we do understand that you have concerns and fears making the wrong investments and losing your money. Many of you, were wondering why we are only sharing project details and information step by step. We have a miticulous communication strategy that we are following carefully and which we believe will bear its fruits. I'm here to assure you once more that this is a different project, a sustainable project designed for the community and I am very certain that time will prove this to you.

Concerning our deployer wallet holding 5,000,000 tokens it will be distributed as follows:
- 1 million for the Airdrop distribution.
- 1 million for company reserve and adding liquidity (locked for 6 months).
- 3 million locked in a smartcontract that would need POSI holders vote for withdrawal in case the project needs funds for future development.

Looking forward to this exciting journey with you. Together we are Stronger!

Regards from Justin & Team.
Position.Exchange Announcement pinned «[IMPORTANT] Dear Community, This is Justin, one of the co-founders of Position Exchange. First of all, I would like to express my sincere thanks to everyone of you, for participating in the Airdrop and the whitelist sale. You guys have been great, this is…»
[BREAKING] POSI is now listed and Liquidity added on Pancakeswap! You can buy the token at the price of $1 in our website: position.exchange or in Pancakeswap. Buy, Hold & Earn. Together we are Stronger!

https://pancakeswap.finance/swap?outputCurrency=0x24aefaddbaec40b5e6912b0200164b51c5b17181&inputCurrency=0xe9e7cea3dedca5984780bafc599bd69add087d56
[IMPORTANT NOTICE] The added Liquidity have been successfully Locked for 6 Months. Please check the following link: https://app.unicrypt.network/amm/pancake-v2/pair/0x885ce4c168b006a980051c104c7dcbe4452e6b8b
Please note that the Slippage should be set between 2% and 5% to avoid errors on Pancakeswap while purchasing your POSI.
Swap is now available on our web app: https://app.position.exchange/swap

app.position.exchange
Exchange | Position Exchange
Position Exchange is the new community driven decentralized trading platform powered by the POSI token. Trade, Swap, Farm, Stake & Earn in an attractive and user-friendly platform.
HOLD & EARN! Position Exchange is implementing RFI technology which allows all the POSI Holders to share 1% of the transaction fees JUST by holding the token in their wallets! Buy the POSI in our website and keep holding to grow your balance indefinitely!
Here we are! Farming is now open on our website: https://app.position.exchange/farming . You can stake your LP tokens in the farm and generate rewards. The Harvest Lock-Up period is set at 7hours. High APY up to 10,000% is waiting for you! GO & FARM RIGHT NOW!
Our technical team is working on fixing the technical issues some users are facing. Thank you for reporting, please be patient. We are going to update you as soon as possible.
Dear Community,

We are very saddened to announce that we have faced an unexpected and unfortunate event. We will come to you with all details very soon, please allow our team to assess the situation clearly and come with an official announcement. There has been a breach in our Farming smart contract and RFI technology that caused a significant problem. We will come with details as soon as possible.

Position Exchange's Team.
Dear Community,

Everyone is probably wondering about what happened today and everyone must be looking forward to hearing from us. We all saw what happened when the token price suddenly dropped to 0.08. We regret to announce that we have encountered a hack related to our farming smart contract using RFI technology function.

What happened?

As we just enabled the feature this afternoon, hackers have created a contract that specializes in detecting vulnerabilities from other smart contracts which uses RFI technology to steal BEP20 tokens.

And on Jul-19-2021 09:05:45 AM +UTC an address minted 448050.8763602997 tokens and proceeded to sell it at 36.698.73 BUSD from Position Exchange liquidity, this is the reason why the token price dropped to $0.08.
Here is the hacker's transaction ID:
https://bscscan.com/tx/0x9bab27d77d0e8d483c18bcf88eb7f9dd28038a2152ab8313af11f0cbf43fdf39.
Some information we found in the hacker's wallet address:
https://bscscan.com/address/0xdf0ad9c9eeb5ebcbb4177695072b24d7f2a1a12c
SmartContract he uses to scan for vulnerabilities.
https://bscscan.com/address/0xac4647dd6a95d23c94287878153899df6bbbd9a1

As a result of the incident, we have locked the instant transfer feature to prevent hackers from continuing to exploit this bug, that's why you can't trade now.

Plan to recover

We still have commitments to fulfill towards you and towards this project. A lot of people have worked so hard to get where it is today. Many other projects have faced similar situations and succeeded to recover and bring back the community’s trust. We would like to ask you to have faith in us and help get this project back on track.

We are currently working on switching to another smart contract. We will allow you to switch from the old POSI token to a new token in the next few days at the same price as before the hack happened ($0.5 per token).

I hope you understand that we will be trying all that we can to recover from this incident. We also want to sincerely apologize for what it might have caused to you. The team is here, and is planning to go nowhere.

Best regards
Position.Exchange Announcement pinned «Dear Community, Everyone is probably wondering about what happened today and everyone must be looking forward to hearing from us. We all saw what happened when the token price suddenly dropped to 0.08. We regret to announce that we have encountered a hack…»
Hi everyone, we will come tomorrow with more clarity and answers to all your questions. We are working on elaborating the next steps and our action plan to bring back POSI to its value and allow investors to trade again. No one will lose anything from his holdings value at the price before the attack happened. Please give us some time to review the situation. This is not a scam as many of you might think, the coming few days will prove that to all of you. Thank you for your understanding and patience!