AMA with Position Exchange

🎙 Join us for an AMA in the @Decentralized_Club Telegram group, where our honorable guest, James (Co-founder) from Position Exchange will be answering your questions and providing more insight about their project.

Also, stand a chance to get rewarded. 😉

📝 Guidelines:

Segment 1: Introduction (@UniqueBoyDK will interact with the Position Exchange team).
Segment 2: Twitter Questions.
Segment 3: Website Questions.
Segment 4: Live Telegram Questions.

➖ A pool worth 100$ USDT to be airdropped.

1️⃣ 4 best Telegram questions get 10$ each.
2️⃣ 3 best Twitter questions get 10$ each.
3️⃣ 3 best Website questions get 10$ each.

📌 In order to be eligible for any prizes, you must join Position Exchange Official Telegram & Twitter before AMA! ‼️

➖ Date & Time: 07.10.2021 🗒 at 2PM (UTC) | 7.30PM (IST) | 10.00AM (EST) ⌚️

➖ Website Question Posting Link: 

AMA with Position Exchange

➖ Twitter Question Posting Link: ➡️

➖ For more details:

https://position.exchange/

➖ Timer for this AMA: ⌚️https://decentralizedclub.live/ama-with-position-exchange/  ⌛️

📌 TnC:

▪️To be eligible for the rewards, please join the following Telegram and Twitter groups:

👉 https://t.me/decentralized_club
👉 https://t.me/PositionExchange
👉 https://t.me/PositionAnn

👉 https://twitter.com/dens_club
👉 http://twitter.com/PositionEx

🌍 Know more:

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61 thoughts on “AMA with Position Exchange”

  1. Projects that are not traded on major exchanges remain unnoticed. What do you think about listing the position_Exchange token on the well major exchanges? And please can share some Major achievement done by your project so far that is worth emulating by other upcoming project.

    • Telegram Username: Yomcy01
    Reply
  2. Smart contracts are susceptible to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you tested it through any of the parties?

    • Telegram Username: Yomcy01
    Reply
  3. Liquidity, Transaction fees and slippage are always the 3 important factors in financial services. How does Position exchange solve the above problem to attract more users? What innovations will it likely make to improve users trading experience?

    • Telegram Username: @albertjaison
    Reply
  4. Users can put $POSI into the Staking Pools to receive rewards. Can you tell us the APY of your Staking Program? What economic structure have you built around this model to make it sustainable over time?

    • Telegram Username: @albertjaison
    Reply
  5. What is the role of $POSI tokens within the entire ecosystem. Will it act as a simple payment currency in your platform? Do you have a DAO system? If yes what is the minimum amount to be staked to get vote and make decisions?

    • Telegram Username: @albertjaison
    Reply
  6. Position Exchange’s main feature is its Derivatives Trading Protocol which will offer on-chain perpetual futures. We all know that futures trading is very risky and can lead to a heavy loss when not done properly. Thus, does Position Exchange has any means informing its users about the potential risk and downside of futures trading? Do you have an educational material that enlightens your users about your products and services?

    • Telegram Username: @Jmagsss
    Reply
  7. On your future perpetual futures trading, what is the highest leverage one can apply to its position? Does Position Exchange condemns user to always trade on high leverage and expose them with risky trades and positions? How does Position Exchange manages its users trading activity given the nature of perpetual futures’ risks?

    • Telegram Username: @Jmagsss
    Reply
  8. I’ve found out that Position Exchange utilizes Uniswap V3’s ticks concept on its Limit Orders. Why did Position Exchange inherited Uniswap V3’s ticks concept and specifically not with other DEXs? What advantages does Uniswap offers that no other DEX can?

    • Telegram Username: @Jmagsss
    Reply
  9. When many DeFi projects with (farming, staking,…) are existing in the market, it can be saturated. What is the highlights in feature or mechanisms of #Position to attract user choose your products? What are incentives #Position bring to investors and your community?

    • Telegram Username: @Waikat117
    Reply
  10. Do you have a plan to burn coin / buyback system ? What are the plans to attract new investors in future?

    • Telegram Username: @Waikat117
    Reply
    • Do you have any plans to attract non-crypto investors to your project Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your in NON-CRYPTO SPACE??

      • Telegram Username: @kanushka12
      Reply
  11. How about Position Exchange team; is it your own team or it’s outsource? how about their experience and how they effective in the success of the project?

    • Telegram Username: @im_KeKO
    Reply
  12. You’re building an NFT Protocol, you can tell us about it. How can investors mint NFT and what is the cost to mint an NFT?

    • Telegram Username: @Waikat117
    Reply
  13. How Position Exchange guarantee of investors fund? what makes investors and users feel safe when work with Position exchange project ? security side?

    • Telegram Username: @hellstair
    Reply
  14. Good projects always show off their founders and co-founders profiles on their website as an act of transparency. Position exchange should also display founders profiles on website.

    • Telegram Username: @UmairAltaf
    Reply
  15. We had recently seen many hacks in cryptocurrency platforms. What measures are taken by Position Exchange to tackle these hacks?

    • Telegram Username: @naeamk
    Reply
  16. Your Position Exchange protocol is subject to a democratic and transparent voting system that allows $POSI token holders to get involved and shape the future of Position Exchange, but who are the ones in charge of proposing the different topics on which your community can vote?

    • Telegram Username: @Kherrera22
    Reply
  17. According to your roadmap, by this month you plan to include POSI v2 on major exchanges, making it available on the most popular exchange and trading platforms, so what is your top exchanges where you want to incorporate your project?

    • Telegram Username: @Kherrera22
    Reply
  18. Position Echange You have a heavy marketing plan. They are planning to have a great communication strategy to reach people all over the world. What is the marketing plan used by Position Exchange? What is your communication strategy?

    • Telegram Username: @Lestmarisv13
    Reply
  19. Position Exchange has been audited by Certik. They implemented a Governor + Timelock contract to control the owner of the token. What is a Governor + Timelock contract? How does it work? What benefits does this type of contract offer?

    • Telegram Username: @Lestmarisv13
    Reply
  20. Position Exchange, The protocol offers easy and accessible derivatives trading in which users can exchange crypto derivative products. What kinds of crypto derivatives products can be traded on the Position Exchange?

    • Telegram Username: @Lestmarisv13
    Reply
  21. Position exchange. You will also generate passive income and grow your POSI balance indefinitely simply by maintaining the use of RFI technology. What is RFI technology? What kind of benefits does it offer?

    • Telegram Username: @Josegamboac
    Reply
  22. Many decentralized exchanges have been developed, such as Uniswap, PancakeSwap. However, there is still a lack of DEX platforms that bring on-chain derivatives trading with the all the advantages of a centralized exchange such as liquidity, UI-UX, limit order. With Position Exchange, what do users do?

    • Telegram Username: @Josegamboac
    Reply
  23. Unlike most recent tokens created by other exchanges primarily for crowdfunding purposes and to lower trading fees, POSI comes with a different and unique approach. What is the unique and different approach of POSI? Utility?

    • Telegram Username: @Josegamboac
    Reply
  24. Position exchange has been audited by CERTIK audit Will you do more audits in future in order to liquidate more transparency within Position Exchange ecosystem?

    • Telegram Username: @Arya19970
    Reply
  25. Position exchange integrates yield farming with a fully developed collectible NFT system with provable rarity. How is Position Exchange different from other pointless, static and boring NFTs, which some yield farming projects that have attempted to “integrate”?

    • Telegram Username: @Arya19970
    Reply
  26. How have you unlocked the potential of decentralized derivatives markets? How do these solutions help drive the DeFi ecosystem and simplify derivatives trading, in turn improving the user experience?

    • Telegram Username: @Arya19970
    Reply
  27. Do you have plans to use your platform’s technology to offer services for other start up defi projects? And if currently NFT is only for collectibles,with position Exchange how will be NFT be more valuable as Defi Options?

    • Telegram Username: @Arya19970
    Reply
  28. Position exchange was verified by Certik . Was any bugs and vulnerabilities found during Audit ? Is your smart contract completely safe and do you have a github?

    • Telegram Username: @Sashasam05
    Reply
  29. derivatives in exchanges DeFi really is a market that has not been very populated, so it would be a good idea to implement it in 2021, right? But what benefit will speculative AMM provide to derivatives?

    • Telegram Username: @Sashasam05
    Reply
  30. You have clearly displayed your completed audit status with Certik. This is pretty impressive, as it gives a certain level of confidence to investors. Can you kindly provide us with the audit reports from Certik?

    • Telegram Username: @Blockchain2706
    Reply
  31. What actions does Position Exchange take in case your API service provider does not provide the promised assets and how Does this build community trust?

    • Telegram Username: @Arriiiaaaannnnna
    Reply
  32. What would be Position Exchange mission for the exchange’s future? What do you think could be the greatest achievement of this platform? Tell us a little about it

    • Telegram Username: @Arriiiaaaannnnna
    Reply
  33. Could you help clarify how the RFI technology referenced in your whitepaper incentivizes customers to hold $POSI…what is an on-chain trading derivative? What is the difference between it and traditional derivatives trading?

    • Telegram Username: @Khushgra23
    Reply
  34. I saw in the whitepaper there are low transaction fees but lets say we are in a scenario of best price is in uniswap and gas at that time is super high, how will your platform decide the best move comparing to other exchanges?

    • Telegram Username: @Khushgra23
    Reply
  35. Your protocol has a automated RFI Technology that allows 1% of the transaction to be shared among $POSI holders. Can you tell us what does RFI means and how can this help the project and the users both?

    • Telegram Username: @guddu201912
    Reply
  36. Performance farming is a fundamental protocol in every DeFi platform. My question is, how is the yield farming model that your project has developed different from others project in the crypto space? To what extent is it possible for users to maximize profits in this model?

    • Telegram Username: @PSG87
    Reply
  37. What are the highlights of PositionEx’s technology and products that you believe will help you succeed? How revenue does PositionEx generate to sustain the project, and what plans do you have to attract more users in the future?

    • Telegram Username: @PSG87
    Reply
  38. Tell us a little about the different ways of investment that Position Exchange manages. How much can a user invest to generate money on this platform? Do you offer several investment options?

    • Telegram Username: @AgenciaATM
    Reply
  39. Position Exchange gives us the opportunity to easily exchange ERC-20 tokens without permission. How would security be handled when performing exchanges? Is it 100% reliable and safe for users to perform these procedures?

    • Telegram Username: @AgenciaATM
    Reply
  40. Reading your website, I noticed that the Position Exchange protocol is subject to a democratic and transparent voting system. Could you tell us a little about this system? How democratic and transparent is this system that is subject to the platform?

    • Telegram Username: @AgenciaATM
    Reply
  41. I was reading that all fees and revenues from the protocol will be distributed to all $POSI holders through a mechanism called Buy-Back and Burn, could you tell us a bit more about this mechanism? How does it work? What is it for? What kind of advantages will this mechanism generate for your users and your ecosystem?

    • Telegram Username: @leixagarcia
    Reply
  42. I saw that you are working on your DAO interface where $POSI holders will be able to vote and shape the future of the project. How will your governance system work? On which areas of the project will the community have the opportunity to decide?

    • Telegram Username: @jirencrypto
    Reply
  43. The Position Exchange protocol for it’s DAO is subject to a democratic and transparent voting. What arms of the project are in charge of ensuring that these processes are not altered or hijacked by any individual

    • Telegram Username: @repmujduolc
    Reply
  44. How will the introduction of a deflationary token by the team reduce opportunities for inflation, how do measures like token hoarding help in stabilization?

    • Telegram Username: @repmujduolc
    Reply
  45. I saw that you are working on building a new NFT protocol and introducing Crypto NFT as a new feature to your ecosystem, but for new users in this space who do not have knowledge, what accompaniment will you provide so that they can coin NFT’s in said NFT protocol of your own?

    • Telegram Username: @Juniorrf2410
    Reply
  46. Maybe it’s something very simple, but I think it’s of utmost importance both for you as a platform and for us as users, so, among the reasons for using Position Exchange mention that for your security, but how do you check and/or demonstrate such security and privacy, have your smart contracts already been fully audited?

    • Telegram Username: @DaviidAL95
    Reply
  47. I got a bit confused going through your referral system, because it says the referral system platform allows one to You can keep track of your referrals’ rewards and provides an easy look and access to the details of referral rewards.
    Then again written in bold it says “Note that you can see your referred users only once they connect their wallet and accept your referral”
    Can you please clarify this??

    • Telegram Username: @KaptinBlack
    Reply
  48. Considering the fact that the information on Position exchange referral system document was last updated a month ago, what’s the update on the Exchange sector of the referral system which says ‘coming soon’ ?

    • Telegram Username: BR1TE
    Reply
  49. What is the connection or link between Position exchange and derivatives trading protocol, and what is the update regarding the pending Certik audit I see on your website?

    • Telegram Username: Hawke_S
    Reply
  50. Q.1
    fect you? How you  and your team have done the work in the pandemic? Have your project taken any prior plans to avoid Present /future COVID-19 infections ?
    Q.2
    Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like yours?

    • Telegram Username: @diamput1
    Reply
  51. As you mentioned in one of your twitter post that 90% your final users will be Derivative Trading oriented. So,can you tell us how does your Derivative trading works? Do you have any tutorial for those who wants to learn more about derivative trading especially newbies in Crypto?

    • Telegram Username: @jobel4
    Reply
  52. As Position Exchange will bring a Decentralized Future Trading win in Binance ecosystem,what unique and special features of your future trading?Do you have any tutorial video or guidelines for us to learn more about Future Trading especially for new Crypto users?

    • Telegram Username: @jobel4
    Reply
  53. Many new project fall because they Don’t pay attention what user want. So what Hillstone Finance doing to satisfy users? Do you guys take any feedback?

    • Telegram Username: @kanushka12
    Reply
  54. The Position Swap protocol is subject to a democratic and transparent voting system that allows POSI token holders to get involved and shape the future of the Position Swap. What is the democratic voting system, which allows POSI token holders to get involved and shape the future of the exchange of positions, what benefit and advantages of having the exchange of positions protocol?

    • Telegram Username: @Daryj63
    Reply
  55. The sums generated by trading fees are used in full to buy back POSI tokens from exchanges. Those tokens are burned What strategies for the buyback and burning of POSI token, any program for users? How do you intend to maintain the token Position Exchange shortage, to maintain a healthy reserve and ensure that token bettors always keep their APYs the same?

    • Telegram Username: @Daryj63
    Reply
  56. Position Exchange is a decentralized trading protocol operating on the Binance Smart Chain (BSC), allowing traders, liquidity providers, and developers to participate in an open financial market with no barriers to entry. So what is Position Exchange working on for solutions that will bring fresh air to the market and allow developers around the world to develop complex services that truly meet the needs of the masses?

    • Telegram Username: @Daryj63
    Reply

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