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Position Exchange Announces Launch of Decentralized Perpetual Trading Protocol

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Singapore, Singapore–(Newsfile Corp. – January 12, 2023) – After a long period of unremitting efforts, Position Exchange is overwhelmingly honoured to announce that our Decentralized Perpetual Trading Protocol (DPTP) 2.0 – a 100% decentralized futures trading platform, has been officially released.

On July 28, 2021, Position Exchange introduced itself to the world for the first time. A journey has gone by full of up-and-down events. Despite the crypto market volatility, the team has kept an optimistic outlook and, side by side built Position Exchange to become the ultimate crypto platform for all DeFi users.

At the moment, Position Exchange has gained almost 720 thousand POSI holders, over $6.2 million Total Value Locked and numerous new features to be introduced.

About this version of DPTP, Position Exchange CEO Justin shared:

“Designed to deliver all the advantages of Decentralized Finance whilst bringing the traditional Centralized Finance experience and tools onboard, Position Exchange believes that our Decentralized Perpetual Trading Protocol 2.0 is a best-of-both-worlds approach.”

Chief technology officer Danny added:

“Being the first ever to use Orderbook on EVM, Position Exchange DPTP 2.0 guarantees an easier way for users to transact in a CEX-like experience. With our technology, DPTP 2.0 represents a futures exchange where token holders can utilize leverage to make quicker transactions with lower transaction fees.”

To emphasize, CEO Justin also said:

In contrast with cumbersome steps like in CEX (Centralized Exchanges), Position Exchange’s DPTP version 2 prioritizes customers’ privacy and anonymity by not requiring them to fill out KYC forms while empowering them to have full control of their assets. Working with the motto of transparency and non-interference in users’ activities, codes and transactions on DPTP 2.0 are tamper-proof, which means no one can modify the code (the DAOs rules) without being noticed. Besides, traders can always expect their buy and sell orders to get filled promptly without having to worry about slippage as DPTP 2.0 provides approximate 0% slippage to open/close positions. Position Exchange DPTP 2.0 provides a generously wide range of leverage for accounts with a balance from $0.

The company hopes that this new version of Position Exchange DPTP will open the door to the Futures space for everyone, whether users are a beginner or a seasoned trader. DPTP 2.0 will assist in the diversification of the DeFi market while building a stronger community.

For the latest information, connect on:

Media Contact
Name: Lyn Position 
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151055

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Correction: CBiGroup Completes $15M Series A Funding, Focuses on R&D

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correction:-cbigroup-completes-$15m-series-a-funding,-focuses-on-r&d

CBiGroup Completes $15M Series A Funding, Focuses on R&D

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Blockchain

COTI V2 changing private play on blockchain via encrypted circuit

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COTI V2 is revolutionizing blockchain technology with private play through encrypted circuits, offering enhanced speed and efficiency. Currently, the Genesis builder network is live, and the company is inviting developers to join their program. The network supports private play upgrades for Ethereum.

As a privacy-focused Ethereum layer 2 solution, COTI V2 employs advanced encryption technology and encrypted circuits, enabling operations on all devices without compromising personal data.

The primary goal of COTI V2, as outlined in its whitepaper, is to address private play issues on blockchains. Developers can protect privacy through encrypted circuits. The COTI V2 Devnet provides a user-friendly, connectible EVM space (gcEVM) using the Solidity programming language.

Additionally, the COTI V2 network offers developers tools for privacy play with TypeScript and Python SDKs, along with EVM RPC, documentation, a faucet, an explorer, and Hardhat.

COTI has received positive feedback from Civic, a provider of Web3 identification toolkits.

The COTI Foundation plans to launch a privacy-focused growth fund, the ABC Growth Fund, allocating 400 million COTI tokens to provide real-time privacy services.

Developers using the COTI V2 builder network can explore use cases such as confidential DeFi, private payment transactions, stablecoins and RWAs, on-chain data control, confidential AI and machine learning, and decentralized identity recognition.

According to COTI CEO Shahaf Bar-Geffen, the COTI V2 builder and developer program is now available to the public, inviting developers to join the network.

Source: cryptonewsz.com

The post COTI V2 changing private play on blockchain via encrypted circuit appeared first on HIPTHER Alerts.

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Blockchain

Justin Sun Emphasizes the Importance of User Protection

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Justin Sun, the founder of the Tron Foundation, recently emphasized the critical importance of protecting users in the cryptocurrency sector. Drawing on the experiences of industry leaders like Jack Ma and Changpeng Zhao, Sun argued that prioritizing user safety above the interests of investors, partners, and employees is essential for building trust and ensuring the sector’s long-term sustainability.

He acknowledged that this focus is challenging but necessary for fostering a secure and reliable crypto environment. Sun’s perspective highlights the need for the crypto industry to evolve in a way that prioritizes user interests. He believes that learning from successful leaders can help guide this process. By adopting these principles, the industry can better protect its users and create a more trustworthy ecosystem. Sun’s advocacy for user protection underscores a broader vision of developing a safer, more user-centric cryptocurrency landscape.

His comments reflect a commitment to ensuring that the industry’s growth is not only rapid but also responsible and sustainable. This approach, according to Sun, will ultimately benefit everyone involved in the cryptocurrency space by fostering greater confidence and reliability in digital financial systems.

Source: blockchainreporter.net

The post Justin Sun Emphasizes the Importance of User Protection appeared first on HIPTHER Alerts.

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