Join us in Shaping the Future of Decentralized Trading with FuturX! 🌐

Dear Community,

We are thrilled to share some incredible updates and our vision for the future of decentralized trading with you. Our team has been hard at work developing and refining FuturX, a cutting-edge platform designed to provide you with a transparent, rewarding, and seamless trading experience.

Here’s what you need to know:

:one: Goals: Our primary goals are centered around increasing brand awareness, expanding our user base, reaching a significant trading volume, fostering a vibrant and engaged community, establishing valuable partnerships, securing media coverage, delivering educational content, and ensuring your utmost satisfaction as our valued users.

:two: Target Market: We have identified several key target markets, including Centralized Exchange Futures Trading Users with DeFi Wallets, Traders from Competitors, Former Position Exchange Traders, Ethereum-based Traders, High-Frequency Traders, Institutional Investors, Crypto Newcomers, Liquidity Providers, and Developers and Integrators (later stage). This diverse range of markets allows us to cater to different trading preferences and offer unparalleled opportunities.

:three: Competitive Analysis: We have conducted an in-depth analysis, comparing FuturX with other decentralized trading protocols and centralized exchanges. The results have highlighted our strengths, including self-custody of assets, a trustless environment, transparency, revenue sharing through liquidity provision, an on-chain orderbook, lower fees, more assets, higher leverage, and a fast and user-friendly interface. With FuturX, you can expect a trading platform that empowers you and puts you in control.

:four: Messaging & Positioning: We have carefully crafted our messaging and positioning to reflect the core values and advantages of FuturX. We pride ourselves on offering a transparent and rewarding trading experience, trustless transactions, seamless user interactions, and the ability to maintain complete control over your funds. FuturX is the gateway to transparent and rewarding decentralized perpetual trading, where you can thrive and achieve your trading goals.

:five: Timeline: Our comprehensive launch plan includes a series of exciting initiatives that will help us achieve our goals. Look forward to an engaging education campaign, community-building events, strategic influencer partnerships, a referral program, thrilling trading competitions, a liquidity mining program, and much more. These programs are designed to create awareness, foster engagement, and drive adoption of FuturX.

We genuinely appreciate your unwavering support and enthusiasm throughout this journey. Your feedback and ideas are invaluable to us, and we encourage you to actively participate in shaping the future of FuturX. Together, we will build a strong and vibrant community that thrives on the principles of transparency, collaboration, and innovation.

Stay tuned for frequent updates, announcements, and valuable resources as we progress towards our highly anticipated launch on the mainnet. The team at FuturX is dedicated to delivering a world-class trading platform that exceeds your expectations.

Let’s embark on this exciting journey together and make our mark in the world of decentralized trading!

Sincerely,
Position Exchange Team

P.S. Feel free to share your thoughts, suggestions, and ideas in our community forum. We believe that your input will play a pivotal role in shaping the future of FuturX. Engage with us, ask questions, and let’s create something extraordinary together!

4 Likes

Dear Justin,

I have nothing much to share with you, Just a suggestion Pls don’t launch with bugs this time We want something which is bug free and from day 1 itself starts making noise in the market.

Just because of me, many of my friends and relatives have invested into Posi, they all are waiting for the price recovery. They started making fun of me… But I still believe that we will soon reach our last ATH Mcap atleast.

Again my bumble request to you this time it should be bug free and reliable platform for traders.

5 Likes

Good morning @Dragon and @Justin!

In response to the statement,
I want to inform and ask for your attention as we will only have a confident and vibrant community on the day that all the money held on the futures platform is returned.

Thank God I wasn’t “crazy” to leave my money giving liquidity for 90 days, but I am extremely dissatisfied and upset to learn that my friends are in need of money for personal matters and unfortunately so far we only see neglect on the part of the team. Yes, negligence, because many have already sent forms and even so, after the promised deadline, that money has still not been returned… And until now, no one informs what actually happened.

So, to finalize my statement out of consideration for the friends of the group, I ask for clarity rather than promises.

And as for the release of FuturX, as a suggestion, do all the necessary tests before putting the platform up and running, even if it takes another year… We need a tool that is 100% bug free, as is the case with our competitors.

Thank you for your attention.

Big Tuna

3 Likes

Same like this, Frustration come for waiting this stuck funds return to our pocket, we always support you, you said will completed this 4-6 weeks, that’s timeline Ok we will wait, but now over extend and you not give exact when this will solved. Many people need it with various need, now we wait with uncertainty.

How can this be accounted for. No need talk about FuturX will get billion dollars of volume if you don’t start with good yet and many promises come to this project, but the result always dissapointing. Now, how you fix all this ? And when/how our money will be returned ?

2 Likes

Dear @gsgovind

Thank you for your suggestion and for sharing your concerns. We appreciate your support and trust in FuturX.

We completely understand your desire for a bug-free and reliable platform. Our team has been working diligently to address any potential issues and ensure a smooth launch. We have taken your feedback seriously, and we are committed to delivering a high-quality product that meets the expectations of our users.

We want to assure you that our Lite Beta version on the Arbitrum testnet is specifically designed to identify and resolve any bugs or flaws before the official mainnet launch. By involving our community in the testing process, we can gather valuable feedback and make necessary improvements.

We also understand the impact of price fluctuations on investor sentiment. Please be aware that market conditions can be unpredictable, and we are focused on long-term growth and sustainability. We appreciate your patience and belief in the project, and we are dedicated to achieving our goals, including reaching our previous all-time high market capitalization.

We encourage you to stay engaged with the community and continue supporting FuturX. Your feedback and input are valuable to us, and we are committed to building a platform that addresses the needs and concerns of our users.

Thank you once again for your trust and for being a part of the FuturX community. Together, we will strive to create a bug-free and reliable platform that makes a significant impact in the market.

If you have any further questions or suggestions, please don’t hesitate to reach out to us. We are here to listen and address any concerns you may have.

Best regards

Dear @Big_Tuna

Thank you for sharing your concerns and expressing your dissatisfaction. We understand that the delay in refunding the funds held on the futures platform has caused frustration and inconvenience for you and others in the community. We sincerely apologize for any inconvenience caused and assure you that we are actively working on resolving this issue.

The refunding process is a priority for us, and we are committed to returning the funds to the affected users as soon as possible. However, it is important to note that implementing FuturX on the Arbitrum blockchain and generating revenue to support the refunding process will take time. We are following a comprehensive plan to gradually develop and launch a bug-free and reliable platform that can generate sustainable revenue for refunding.

We understand the urgency of the situation, especially when it comes to personal matters and financial needs. We are doing our best to expedite the process while ensuring that we establish a solid foundation for the future of FuturX. We appreciate your patience and understanding during this time.

Regarding transparency, we fully acknowledge the importance of clear communication. We apologize for any lack of information thus far and commit to providing regular updates on the progress of the refunding process. We understand that clarity is crucial for maintaining trust within the community, and we will make it a priority to address any inquiries and keep you informed.

As for the release of FuturX, we share your desire for a platform that is 100% bug-free and reliable. That is why we have launched the Lite Beta version on the Arbitrum testnet. This allows us to thoroughly test the platform, identify and address any bugs or issues before the mainnet launch. We are taking every precaution to ensure that FuturX meets the highest standards of functionality and security.

Once again, we apologize for any inconvenience caused by the delay in the refunding process. We assure you that we are committed to resolving this matter and appreciate your continued support and understanding as we work towards a solution. Your satisfaction and the well-being of our community are of utmost importance to us.

If you have any further questions or concerns, please feel free to reach out to us. We are here to listen and address your needs.

Best regards

1 Like

@Dragon @justin

What we need is honest information about how far the project is. The information you gave us is not correct.

Justin should make clear statements, many have currently given up hope. The competition for Posi has grown in the last few months, little by little more and more Dex’es and Trading Protocols have started, sometimes better sometimes worse, but they have started.

Now what is the argument why the users of the other trading protocols should come to us? What makes FuturX and the DEX on BSC so unique? It will take months if not years before more and more coins are eventually listed in the DEX. Until then, the crypto market has changed, we all know it changes daily. Developers who work too long do not necessarily indicate quality but rather a lack of staff.

Look for more developers, then it’ll go faster and it’s just a slow drift into a tunnel that Posi can’t get out of.

2 Likes

Dear @Radope

Thank you for sharing your concerns and expressing your thoughts. We understand that you are seeking honest information about the progress of the project, and we appreciate your feedback. However, we would like to address a few points to provide you with a clearer perspective.

Firstly, we assure you that we are committed to transparency and providing accurate information about the project’s status. While we understand that there may have been some discrepancies or misunderstandings in the past, we are actively working to improve our communication and ensure that the community receives the most up-to-date and reliable information.

Regarding the competition in the market, we acknowledge that the decentralized trading landscape has become more competitive in recent months. However, it is important to note that FuturX and the DEX on BSC offer unique features and advantages that differentiate us from other protocols. We are focused on developing a platform that prioritizes transparency, security, and user-centric functionalities. While it may take some time to list a wider range of coins on the DEX, we are committed to gradually expanding our offerings based on the needs and demands of our community.

We understand your concern about the pace of development, but it is important to highlight that quality and attention to detail are paramount in creating a robust and reliable platform. We are continuously working to enhance our development team and allocate appropriate resources to accelerate the progress. However, it is crucial to strike a balance between speed and ensuring that we deliver a product that meets the highest standards of functionality, security, and user experience.

We appreciate your suggestion to recruit more developers, and we assure you that we are actively seeking talented individuals to join our team. However, it is important to note that the recruitment process for skilled developers can be complex and time-consuming. We are taking the necessary steps to expand our team with qualified professionals who share our vision and values.

We understand that you may be feeling concerned about the project’s trajectory, but we kindly ask for your patience and continued support. The journey of building a successful platform takes time and dedication. We are committed to delivering on our promises and creating a platform that stands out in the market.

If you have any further questions or specific concerns, please do not hesitate to reach out to us. We value your feedback and want to ensure that we address any issues or doubts you may have.

Thank you for your understanding and ongoing support.

2 Likes

We are again repeating the same thing, not learnt a single thing from past mistakes!!

Do you know today, when the token price is nearly 0.02 we only need 1000 holders who invest $2000 each to own whole of 100M POSI @justin . It seems, you still don’t believe in community power. Have you all seen the trust level is all time low, and will remain so until @justin and team do not make factual updates to the holders!! The disease of ‘very soon’ has crippled you all. There will always be delays, always be bugs and failures and that is fine. But have guts and responsibility to disclose to the community in a timely manner about it.

The testnet appears complete mess right now, where nothing works!! why you people so lazy to communicate? It’s acceptable to have issues, delays and even if the dev team is taking a break!! but please communicate, so that the community trust remains. Sadly, today we can’t win trust of just 2-3k investors!!!

Without communications, there are always assumptions which invariably led to Fud in the past and same is happening now also. @justin and team may not be bothered by price moves, but investors are. It’s their hard earned money which went down from $7 to 0.02!! That’s not a joke!

Right now it appears that, the testnet nodes are not adequate to support the Futurx, no coding going on at Github. Testnet is getting worse, chart updates stopped for past 4 days and you guys appear indifferent as you were since 2021!!!

2 Likes

Dear @JPGdoc,

Thank you for sharing your concerns and expressing your thoughts. We understand that you have some reservations about our communication and the current state of the testnet. We appreciate your feedback, and we would like to address your points to provide you with a better understanding of the situation.

We acknowledge that effective communication is essential, and we strive to improve our communication channels and keep our community informed. However, we would like to clarify that sometimes, providing detailed updates on every aspect of the project can be challenging, especially when it comes to specific timelines or technical details.

While we understand your request for a timetable, it is important to note that setting specific deadlines can often lead to unintended consequences. Delays or unforeseen challenges can occur during the development process, and we want to ensure that we deliver a high-quality product rather than rushing to meet arbitrary timelines. If an exact timetable has not been announced it doesn’t mean there isn’t any! We have internally set up a very strict time frame extending from 2week to 1 month to 3 months upto 6 months for different parts of our plan to achieve. However, we have learned from past experiences and have taken measures to avoid setting unrealistic expectations that may result in disappointment or negative consequences for the community.

Regarding the current state of the testnet, we appreciate your feedback, and we are actively working to address any issues and improve its functionality. We understand that there may be frustrations or concerns, but we want to assure you that our development team is diligently working to resolve any bugs or glitches that may be impacting the testnet’s performance.

Furthermore, we want to emphasize that the current state of the testnet does not reflect the final product. The purpose of the testnet is to identify and rectify any issues before launching the mainnet, ensuring a smoother and more reliable experience for our users. We are committed to delivering a robust and stable platform that meets the highest standards of quality.

We genuinely understand the impact that market fluctuations can have on investors, and we empathize with those who have experienced losses. However, it is important to note that cryptocurrency markets are inherently volatile, and price movements can be influenced by various factors. We encourage investors to approach their investment decisions with caution and conduct their own research to make informed choices.

We want to assure you that we value our community and are dedicated to building a platform that meets their needs. While we may not provide real-time updates on every aspect of the project, please be assured that progress is being made behind the scenes. We have set internal timeframes and milestones for different stages of development, ensuring that we maintain a steady pace while prioritizing quality and reliability.

We appreciate your patience and continued support. If you have any specific questions or concerns, please feel free to reach out to us. We are here to address your queries and provide clarification on any aspects of the project.

Thank you for your understanding.

1 Like