Position Tokens are a way to gain price exposure, with safe leverage, to assets. They are ERC-20 tokens that can be traded on any exchange that supports the ERC-20 token standard.  When they are created (through a process we call minting) collateral is locked in a smart contract in return for long and short Position Tokens. The long tokens are worth more if the price of the asset goes up, and short tokens are worth more if the price goes down.

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