Position Exchange Debuts v.1 of Mobile App for BSC

The decentralized trading protocol launched the mobile application for community testing and feedback.

Utulu Hope
November 3, 2021
BSC News

Position Exchange Launch V1 Mobile Application 

The next-generation decentralized trading protocol on Binance Smart Chain (BSC), Position Exchange has launched its mobile application. However, the new release is meant for community testing and getting feedback. 

The BSC-based platform, through its Telegram channel, dropped a few notes about the mobile application. Position Exchange unveiled the mobile application to its Twitter community on November 2nd. However, the application is only available on Android, with plans to launch an iOS version and an Android 12 version in the coming days. 

“The Mobile App V1 is available for the community test,” the protocol updated its users on Twitter

From the note on Telegram, Position Exchange has already integrated some essential features on its protocol like farming, staking, Non-fungible Tokens (NFT), and vaults with the application. The project will add other features such as exchange, referrals, and its NFT marketplace soon. 

To download the application, please follow the instructions in the link provided by the trading platform. Position Exchange will also add the application on App Store/Google Play soon. 

“We would like to remind everyone that the Mobile App V1 is mainly for community testing it will be improved on a daily basis,” the platform added on Telegram.

Increase in Total Value Locked 

Recently, the protocol has seen an increase in the influx of users. On November 2nd, Position Exchange announced that it had reached the $40 Million mark in Total Value Locked (TVL), three months after launch. 

“$40M TVL in 3 months and without the main feature,” tweeted Position Exchange. 

The new milestone depicts the protocol’s rapid growth in the Decentralized Finance (DeFi) industry. Now that the application is available, more users will easily adopt the trading platform, even as it's still in the test version. With this in mind, the DeFi trading protocol wants to drive more users to the Position Exchange ecosystem, ensuring that they enjoy the best trading experience on BSC. 

In the long run, Position Exchange will use the feedback gotten from the test version to create an improved mobile application. We await the introduction of other features on the V1 release, including the iOS and Android 12 edition, shortly. 

What Is Position Exchange? 

Position Exchange is a Decentralized Trading protocol operating on BSC that enables traders, liquidity providers, and developers to participate in an open financial market with no barriers to entry. No authorization is required to use the open-source Position Exchange protocol. 

Where to find Position Exchange: 

Website | Twitter | Telegram | Medium 

Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer. He hodls mostly in Ethereum, BNB, and, Avax.

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