Global exchange CoinEx will distribute $8,000 worth of tokens in two launch airdrops to its users. How about getting free cryptocurrencies this holiday? CoinEx, one of the largest cryptocurrency exchanges in the world, has just listed the Position Exchange (POSI) token on its platform. In celebration, CoinEx will gift POSI tokens to active users around the world in two airdrop events. The event starts today and runs until March 3rd. In total, US$ 8,000 in POSI tokens will be distributed, which will arrive free of charge for users. The token, which has been famous in the market since 2021, was included this Friday (25) and can now be traded on the platform. According to CoinGecko, the current price of the POSI token is $1.77, up 4.2%.
How will POSI token airdrop events be done?
The first event starts today, February 25th and runs until 8:00 UTC on February 26th. During this period, 2,500 POSI tokens will be distributed. In this first airdrop, around 1,250 users of the platform will be rewarded and each user will be able to receive up to 2 POSI. To participate, you must have an account with KYC verification on the exchange, be at VIP1 level or higher and claim a lucky number, which will only be available to users who meet the minimum requirements. You can participate in the event here. The reward will be frozen in the Spot account for about 3 days, after which the user will be able to transact normally. In the second event, 2,000 POSI will be distributed. The event will start at 11:00 UTC on the 25th of February and will end at 00:00 UTC on the 4th of March. The rewards will be distributed among users with more than US$100 or equivalent in POSI transaction volume on the platform, which will consider the positioning in the ranking, to be determined as the sum of the sales volume + purchase volume and the subtraction of the volume of customer withdrawals during the event, as shown in the chart below:
What is Position Exchange?
The POSI token is one of CoinEx’s native tokens, considered to be deflationary. The token is democratically controlled by its community as a DAO (Decentralized Autonomous Organization), and its main attraction revolves around farm income, which offers a very high percentage of return. By keeping the POSI in staking it is possible to receive returns in POSI, BUSD, BNB. The Position Exchange protocol was designed to offer the main advantages of Decentralized Finance (DeFi), and has a strong community with over 200,000 people on Twitter and 140,000 on Telegram. Click here and create your account right now! Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article. Read also: Binance Labs will start investing in Symbiosis Finance for a future of multi-chain liquidity Read also: KuCoin breaks new records! Learn all about the KCS token Read also: Coin Cloud increases the number of Bitcoin ATMs in the world