position.exchange Reviews 

12
TrustScore 2 out of 5

2.2

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2.2

Poor

TrustScore 2 out of 5

12 reviews

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2.2

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(12)

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Rated 1 out of 5 stars

Scam

Scam! Unable to harvest and / or unstake tokens from staking. Staking more works though. No answers in forums, or via email.

May 5, 2023
Unprompted review
Rated 3 out of 5 stars

Invested in november 2022.

Invested in november 2022.

Total of 35k USD.

Now worth aprox. 1k USD.

Can happen, but it really feels like a dead project, the Devs are still working on it...

But we need a fully working Plattform and new investors otherwise i see noo way to recover this project.

March 30, 2023
Unprompted review
Rated 5 out of 5 stars

it has potential to be good and can…

it has potential to be good and can compete or be better than pancakeswap, too bad it has attracted many newbies that doesn't understand how DPTP, and Fixed staking works and now there the one making bad reviews because, fund is stuck "fixed staking" or worst they just lose their trade on DPTP, and just requesting for a refund. some is just paid troll to make bad reviews.

October 29, 2022
Unprompted review
Rated 1 out of 5 stars

Position exchange is a scam.

Position exchange is a scam.
Devs have moved the BUSD pool of ~ 1.000.000$ of customer funds w/o telling anyone.
Traders unable to withdraw their funds, and winning trades not paid out.
This is only the start.

They are running multiple bots to spam discord and twitter with positive messages but delete questions and block users from their channels that raise concerns.

Classic scam super centralised with devs having full authority over customer funds.
There is group currently of users that have lost funds and the project is reported with many authorities internationally.
Some founder identity is know and currently case is made against those individuals

March 8, 2023
Unprompted review
Rated 1 out of 5 stars

Stay away! Intentional misleading of Users!!

Unfortunately Posi Exchange is really shady. Their "Staking" is in reality no Staking Service ("Staking" means single-asset locking to generate yield. Specific risks such as Impernanent Loss which occurs in Liquidity Pools do NOT arise over here).
In their FAQ section there is clearly stated, that "Staking means locking up (freezing) crypto coins for a period of time in order to help maintain the functioning of a blockchain. The staker receives regular rewards for the services rendered to the network. Several stakeable coins will be available in the future, each with its own reward rate and conditions."

This explanation as well as all labels/buttons on their Earn Site imply there is a BUSD Staking Service with high Yield. In reality this is a masked one-sided-liquidity-provision. So instead of staking your Stable Coins, you buy POSI (their native plattform token) for 50% of your Stable Coins and enter a Liquieity Provider Position in their LP Pool ... Now if POSI token dramatically falls in value you are able to retrieve much more of (the less valuable) POSI an much less Stable Coins from the pool ... So high risks come into play over here.

This is really intransparent and intentionally misleading. Most likely my commentar will be deleted I fear due to critical nature ...

PS: I lost 25 BUSD in 2 days (12,5% of the whole invested sum) by trying out their "Staking" So im am not a FUDer, but a mislead and scammed user ...

May 1, 2022
Unprompted review
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