Position Exchange
  • Position Exchange Introduction
  • Getting started
    • Create a wallet
    • Get BEP20 Tokens
  • Business and Partnerships
    • Community Leaders Referral Program
  • Position Token (POSI)
    • What is POSI?
    • A Deflationary Token
      • Buy back and Burn
      • Anti-whale
      • Harvest Lock up
    • RFI Technology
    • Buy POSI
    • POSI Tokenomics
    • How is the TVL Calculated?
  • Products
    • Perpetual Trading Protocol
      • Perpetuals basics
        • Why Can't I Place a Futures Order?
        • Order type
        • Leverage for Perpetual Futures Contracts
        • Mark Price in Perpetual Futures Contracts
        • Funding rates
      • Beginner's guide
        • Connect your Wallet
        • Open Position
          • Open Limit Order
          • Open Market Order
        • Adjust Margin
          • Add Margin
          • Remove Margin
        • Set TP/SL
        • Close Position
          • Close Market
          • Close Limit
        • Position Exchange's Futures Transaction Fees
        • Trading Perpetuals
        • How to adjust the Leverage
        • Funding rate
        • Crypto Perpetuals
      • Perpetuals Specs
        • Smart Contract Reverted Error Code
      • Futures Referral
        • Futures Referral for Referrer
        • Futures Referral for Referee
      • Futures Task
    • DEX 2.0
      • Spot Trade 2.0 User Guideline
      • Concentrated Liquidity
        • Initialize a new pool
        • Add and Remove Liquidity
        • Shift range
        • Increase Decrease Liquidity
      • DEX Referral Rules
      • Incentives Programs
        • Position Exchange DEX Airdrop Introduction
        • DEX Airdrop Referral Rules
        • Lucky Fee
        • How to join Pancake Migrate Airdrop
        • How to join the Liquidity Providers Incentive Program
        • How to join the Lucky Fee Program
        • Reward Distribution Schedule
    • Exchange
      • Token Swaps
      • How to trade
      • Liquidity pools
      • How to Add/Remove liquidity
    • Position Bonds (Crypto Bonds)
    • Position P2P Bond
      • Sale rules
      • User's guide
        • How to issue a bond
        • How to purchase a bond
        • How to manage a bond - For issuers
        • How to claim assets when Bond's liquidated/matured - For holders
      • Liquidation
      • Policy
      • FAQs
    • Farming
      • How to use farms
    • Staking
    • NFTs
      • How to Cast & Stake NFTs
    • Referral System
    • Vaults
    • Gain Grid
      • Getting Started with Gain Grid
      • Volatility Interest
      • Gain Grid Frequently Asked Questions (FAQs)
      • Gain Grid Referral Program
      • Gain Grid Terms and Conditions
    • 📱Mobile App
    • Migration
      • Farms/Pools Migration Guideline
      • Vesting Schedule
      • New Staking Contracts
  • Whitepaper
  • Security
    • Audits
    • Privacy Policy
  • Others
    • Contracts
    • Social Accounts
  • Governance
    • What is Position Exchange Governance?
  • Roadmap
    • Position Exchange & Development Plan
  • Community
    • Reports (Bugs, Feedback, Suggestions)
    • Frequently Asked Questions (F.A.Q)
  • Events
    • POSI Twitter Lottery
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Frequently Asked Questions (F.A.Q)

PreviousReports (Bugs, Feedback, Suggestions)NextPOSI Twitter Lottery

Last updated 3 years ago

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The Frequently Asked Questions section will help users find answers to their questions and clearance to their concerns.

Our team has collected a list of the most asked questions on our social media channels.

  1. What is POSI:

    POSI is Position Exchange’s native BEP20 token empowering its ecosystem. Unlike most of the recent tokens created by other exchanges mainly for crowdfunding purposes and for reducing the trading fees, POSI comes with a different and unique approach. All the fees and revenues from the protocol will be distributed back to all POSI holders by a mechanism called Buy-Back and Burn fully on-chain. This would mean, just by holding POSI you’re a stakeholder and will be able to receive a share from the revenue.

  2. What is the APY?

    Annual percentage yield is a way to measure the amount of money earned on an interest-bearing account, annualized over the course of a year. In other words, this is a way to measure how interest compounds over time.

    Compounding interest is the interest you earn on your interest. It means interest that’s paid both on the principal (that is, your deposits into the account) and on the interest you’ve earned. That’s what makes it such a powerful tool for investing, as compounding can make it possible to build wealth over the long term. This is different from simple interest: Simple interest represents interest earned on the principal deposit only.

  3. What is the APR?

    What Is An Annual Percentage Rate (APR)? The monetary value or reward that investors may earn by staking their crypto tokens in the Pool. The percentage will determine the value. The rewards start to be earned instantly after staking.

  4. What is POSI bounty?

    To make the auto-compound actually work, you have to trigger the function on the smart contract. This function can be triggered every 7hours but must be performed manually. The lucky first person who can manage to claim that bounty triggers the compound function of the contract and gets rewarded with POSI for doing the job.

  5. Why are the Vault gas fees are high compared to staking?

    As we are operating on BSC, the gas fees are calculated and charged by BSC each time you are making a transaction on the smart contract. When you want to stake in the Vaults, several contracts functions will be conducted by a simple click, swapping a token for another to have an equal balance of both, getting LP tokens, staking LP tokens, auto-compounding every 7 hours. so the gas fees you pay are for all these transactions.

  6. How can I cancel my bidding NFT Card in the NFT marketplace?

    Auction Rules:

    1. Each time you participate in the auction, you need to increase the price by 10%. After the countdown ends, the auction item will be obtained by the last bidder;

    2. 20% of this increase is obtained by the previous bidder, and 80% by the seller;

    3. After the auction is successful, the market will charge 3% of the seller's revenue as a service fee, of which 100 % is added to the Position Exchange NFT Pool;

    4. When the auction countdown is less than 1 hour, the auction end time will be extended by 10 minutes for every successful bid;

    5. After the auction is over, the seller can go to the details page to claim the auction proceeds, and the buyer can claim the NFT

    6. once you bid, you cannot cancel it. You need to wait for the next bidder to bid, if there comes a next bidder, and when the auction is over you can collect back your bidding price.

  7. What are the use cases for Posi?

    POSI token holders can generate passive income by staking their tokens in the staking pools and receive rewards in return - See Staking section.

    POSI token can holders can farm LP tokens - See Farming Section

    POSI token can be used to cast NFTs - See NFTs section.

    POSI token holders can participate in the platform’s governance by proposing and voting for changes.

    POSI token holders will be sharing a 1% fee from transactions while just holding the tokens.

    POSI token holders can perceive Trading Protocol fee discounts And much more to come.