synthetic assets<\/strong><\/a> entirely on-chain. The exchange is a bridge connecting people and crypto markets seamlessly to improve their trading experiences. The star feature of Position Exchange is its <strong>easily accessible and efficient <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-derivative/">derivatives/a> trading<\/strong>.<\/p>\r\n<p>However, as it is a decentralized finance (DeFi) protocol, Position Exchange offers users multiple ways to earn and grow their assets. Its <strong>open-source <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-order-book/">order book<\/a> matching engine<\/strong> works efficiently for any assets comprising <strong>options, futures, spots, lending positions, and many more<\/strong>. Though the low-fee spot trading is at the core of Position Exchange. Besides, it's important to note that the protocol’s choice for the order book mechanism offsets the risks of <strong>sandwich attacks,<\/strong> which are common in DeFi projects using <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-automated-market-maker-amm/">AMM/strong>/a>. Additionally, as the order book records more transactions, Position Exchange's <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-slippage/">slippage/strong>/a> falls to nearly zero.<\/p>\r\n<p>Overall, Position Exchange aims to become the ultimate <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-decentralized-exchange-dex/">DEX/strong>/a> leveraging the best of blockchain technology and topping it up with the convenience and reliability of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-centralized-exchange-cex/">CEXs/strong>/a>. Aiming for over 1 billion users, the exchange is built to offer unrestricted access to financial services for every person.<\/p>\r\n<h2>Use Cases of POSI Tokens<\/h2>\r\n<p>POSI is the native token of the POSI chain. It's a <strong>governance and utility token<\/strong>. Primarily, POSI is used by traders to <strong>settle transaction fees<\/strong>.<\/p>\r\n<p>As a governance token, though, POSI makes its holders eligible to <strong>vote on proposals regarding the Position Exchange operations<\/strong>. When voting for proposals, holders with more POSI have a weightier vote than those holding fewer coins.<\/p>\r\n<p>Moreover, POSI holders can deploy their tokens to <strong>staking pools to earn passive income<\/strong>.<\/p>\r\n<p>Besides that, the exchange's smart contract charges a 1% fee for each transaction. <strong>The fee is distributed proportionally to all users<\/strong>. This mechanism incentivizes traders to hold their POSI tokens.<\/p>\r\n<p>The token’s expansive use case makes it a practical token one may consider buying. Check today's POSI price and its historical performance, if you're planning to buy it, on the Position Exchange price chart above.<\/p>\r\n<h2>Who Founded Position Exchange?<\/h2>\r\n<p>The Position Exchange crypto project was launched in February 2021 and has a fast-growing community of members and traders. Its team members maintain a low profile, often engaging the community through official channels.<\/p>\r\n<h2>Tokenomics of POSI<\/h2>\r\n<p>The POSI team is dedicated to steadily growing the POSI price. The max supply of POSI is 100 million tokens, while the total supply is 91.8 million. The team induces a falling token supply through its <strong>buyback-and-burn model<\/strong> using all fees generated from the derivatives trading platform to buy a portion of POSI from the market and burn it immediately.<\/p>\r\n<p>The deflationary POSI token works to ensure a regularly-rising value in the long term. You can view the POSI price on the aforementioned price chart.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/position-exchange-posi-price","crypto_currency_info":{"id":1599,"crypto_currency_id":1613,"description":"Position Exchange (POSI) is a cryptocurrency launched in 2021and operates on the BNB Smart Chain (BEP20) platform. Position Exchange has a current supply of 49,500,000 with 39,820,145.87830839 in circulation. The last known price of Position Exchange is 1.03722444 USD and is down -7.15 over the last 24 hours. It is currently trading on 17 active market(s) with $16,657,132.01 traded over the last 24 hours. More information can be found at https:\/\/position.exchange\/.","tags":null,"platform":"{\"id\":1839,\"name\":\"BNB Smart Chain (BEP20)\",\"symbol\":\"BNB\",\"slug\":\"bnb\",\"token_address\":\"0x5CA42204cDaa70d5c773946e69dE942b85CA6706\"}","category":"token","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/11234.png","original_links":"{\"website\":[\"https:\\\/\\\/position.exchange\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/PositionEx\"],\"message_board\":[\"https:\\\/\\\/positionex.medium.com\\\/\",\"https:\\\/\\\/www.youtube.com\\\/c\\\/PositionExchange\"],\"chat\":[\"https:\\\/\\\/t.me\\\/PositionExchange\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/bscscan.com\\\/token\\\/0x5ca42204cdaa70d5c773946e69de942b85ca6706\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/PositionExchange\"],\"technical_doc\":[\"https:\\\/\\\/position.exchange\\\/whitepaper.pdf\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/PositionExchange\\\/position-token\"],\"announcement\":[\"https:\\\/\\\/t.me\\\/PositionAnn\"]}","links":"{\"website\":{\"position.exchange\":\"https:\\\/\\\/position.exchange\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/PositionEx\",\"positionex.medium.com\":\"https:\\\/\\\/positionex.medium.com\\\/\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/PositionExchange\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/PositionExchange\"},\"explorer\":{\"bscscan.com\":\"https:\\\/\\\/bscscan.com\\\/token\\\/0x5ca42204cdaa70d5c773946e69de942b85ca6706\"},\"technical_doc\":\"https:\\\/\\\/position.exchange\\\/whitepaper.pdf\",\"source_code\":\"https:\\\/\\\/github.com\\\/PositionExchange\\\/position-token\"}","data":"{\"id\":11234,\"name\":\"Position Exchange\",\"symbol\":\"POSI\",\"category\":\"token\",\"description\":\"Position Exchange (POSI) is a cryptocurrency launched in 2021and operates on the BNB Smart Chain (BEP20) platform. 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More information can be found at https:\\\/\\\/position.exchange\\\/.\",\"slug\":\"position-exchange\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/11234.png\",\"subreddit\":\"PositionExchange\",\"notice\":\"\",\"tags\":null,\"tag-names\":null,\"tag-groups\":null,\"urls\":{\"website\":[\"https:\\\/\\\/position.exchange\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/PositionEx\"],\"message_board\":[\"https:\\\/\\\/positionex.medium.com\\\/\",\"https:\\\/\\\/www.youtube.com\\\/c\\\/PositionExchange\"],\"chat\":[\"https:\\\/\\\/t.me\\\/PositionExchange\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/bscscan.com\\\/token\\\/0x5ca42204cdaa70d5c773946e69de942b85ca6706\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/PositionExchange\"],\"technical_doc\":[\"https:\\\/\\\/position.exchange\\\/whitepaper.pdf\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/PositionExchange\\\/position-token\"],\"announcement\":[\"https:\\\/\\\/t.me\\\/PositionAnn\"]},\"platform\":{\"id\":1839,\"name\":\"BNB Smart Chain (BEP20)\",\"symbol\":\"BNB\",\"slug\":\"bnb\",\"token_address\":\"0x5CA42204cDaa70d5c773946e69dE942b85CA6706\"},\"date_added\":\"2021-08-12T00:00:00.000Z\",\"twitter_username\":\"PositionEx\",\"is_hidden\":0,\"date_launched\":\"2021-07-16T00:00:00.000Z\",\"contract_address\":[{\"contract_address\":\"0x5CA42204cDaa70d5c773946e69dE942b85CA6706\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":43326975.93557141,\"self_reported_tags\":[\"Collectibles & NFTs\",\"DeFi\",\"Derivatives\",\"DAO\",\"DApp\",\"Yield Farming\",\"BNB Smart Chain\",\"DEX\",\"Governance\"],\"self_reported_market_cap\":44969834.12786095}","launched_at":"2021-07-16 03:00:00","created_at":"2022-03-25T14:20:35.000000Z","updated_at":"2023-05-18T14:34:15.000000Z"},"social_profile":{"id":1576,"profilable_type":"CryptoCurrency","profilable_id":1613,"twitter":"{\"name\":\"Position Exchange\",\"username\":\"@PositionEx\",\"follower_count\":235300,\"following_count\":69,\"tweet_count\":4057,\"created_at\":\"2021-07-02 00:00:00\"}","reddit":"{\"hot\":[]}","github":"{\"stars\":10,\"watchers\":2,\"forks\":10,\"language\":\"TypeScript\",\"license\":null,\"repo_name\":\"PositionExchange\\\/position-token\",\"repo_link\":\"https:\\\/\\\/github.com\\\/PositionExchange\\\/position-token\",\"public_repos\":33,\"bio\":\"Decentralized Spot & Perpetual Trading Protocol. 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