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
Powered by GitBook
On this page
  • What is NFT staking?
  • PLEASE NOTE THAT:
  • What NFT cards can you earn?
  • What are the use-cases of the NFT cards?

Was this helpful?

  1. Products

NFTs

PreviousStakingNextHow to Cast & Stake NFTs

Last updated 3 years ago

Was this helpful?

Position Exchange is building a new NFT Protocol and introducing Crypto NFTs as a new feature. Users can cast NFTs with unique characteristics and different rarities (by depositing POSI tokens) then stake it in the NFT Pools to generate rewards. Issue, trade NFTs and participate in auctions!

What is NFT staking?

In a regular staking pool, users deposit tokens into a contract and are rewarded with the same or different token in the form of rewards.

An NFT staking pool is different and is a bit similar to the Farming Pools because as a user, you:

  1. Deposit POSI tokens into a contract.

  2. Get rewarded with NFT cards with different rarities and characteristics (The better your NFT is, the higher your mining power will be)

  3. Stake the NFT cards in the NFT Pool.

  4. Earn POSI.

PLEASE NOTE THAT:

  • NFT casting is a random process. Users will be rewarded with different cards depending on their luck!

  • NFTs can be decomposed back to POSI but will have a decomposition time. This means the tokens will be locked for a certain time in the NFT cards. The decomposition time is also chosen randomly and is set between (25 - 45days).

  • NFT Cards can be traded in the NFT marketplace in our platform.

The NFT staking pools are available in the pool section in our platform.

What NFT cards can you earn?

Users can cast NFTs with any amount of POSI. To guarantee fairness, NFT cards casting will be a random process and will not be related to the amount of POSI used.

Here is an overview of the NFTs users can get:

There are 6 grades with different Productivity and Mining Efficiency: Farmer, Janitor, Accountant, Engineer, Pilot, Boss.

Grade

Productivity

Mining efficiency

Farmer

0 - 5000

1.1+ 0.1*Productivity/5000

Janitor

5000 - 8000

1.2+ 0.1*(Productivity-5000)/3000

Accountant

8000 - 9000

1.3+ 0.1*(Productivity-8000)/1000

Engineer

9000 - 9800

1.4+ 0.2*(Productivity-9000)/800

Pilot

9800 - 9980

1.6+ 0.2*(Productivity-9800)/180

Boss

9980 - 10000

1.8+ 0.2*(Productivity-9980)/20

Productivity: Mining productivity Par Value: The amount of tokens used to cast NFT. Power: The value of the mining power, calculated by the following formula: (Power = POSI Par Value * Mining Efficiency) Decomposition: NFTs can be decomposed back into POSI tokens after a certain period of time (25 - 45 days).

The higher the level of the NFT card, the more advantages you will be able to receive.

What are the use-cases of the NFT cards?

Our NFT cards will not be purely cosmetic but will also have several use-cases on the platform itself!

The NFTs themselves will be publicly tradable, so you will be able to buy/sell them on our marketplace without any limitations with a plan to include them in other projects' marketplaces as well!

The staking of NFTs will be very profitable to users as the APR will be remarkably high. It is also a great tool to stabilize the price of POSI as the NFTs have a decomposition period.

Position Exchange NFT feature is still reserving a lot of surprises for the community!

A full guide on how to use NFTs and NFT Pool will be released shortly on our Docs Section. Stay Tuned!