Quickswap QUICK Price

What is Quickswap (QUICK)?

QuickSwap, a decentralized exchange (DEX) built on the Polygon Network's layer 2 infrastructure, offers a magical journey through the rapidly expanding world of decentralized finance (DeFi). Born as a dragon-inspired fork of the original Uniswap, QuickSwap seeks to address the scalability challenges faced by Ethereum's mainchain, providing users with faster and more cost-effective transactions.

QuickSwap's Vital Stats:

As of the latest update, QuickSwap (OLD) is priced at $50.46, experiencing a 3.75% drop in the past 24 hours. Despite an all-time high (ATH) of $1,657 in April 2021, the current value reflects a 97% decrease. With a circulating supply of 607,000 tokens and a maximum supply of 1 million, QuickSwap boasts a market capitalization of $30.63 million and a 24-hour trading volume of $45.44 thousand.

Layer 2 Magic:

QuickSwap's innovation lies in its utilization of layer 2 technology, a secondary framework on the Ethereum blockchain designed to enhance transaction speed and scalability. By doing so, QuickSwap aims to alleviate the strain on the Ethereum mainchain caused by the growing demand for DeFi protocols, reducing transaction costs and confirmation times.

Permissionless Trading and Governance:

QuickSwap offers a permissionless listing process, allowing users to list any ERC20 token by providing liquidity for the trading pair without requiring external authorization. Trading directly from personal wallets, such as Coinbase Wallet and MetaMask, adds to the user-centric approach, ensuring control over assets during the trading process.

QUICK Token and Governance:

The QUICK token, an ERC20 platform token, serves as the backbone of QuickSwap's governance. Token holders have the power to propose and vote on protocol changes, influencing the community's direction. With a maximum total supply of 1 million, QUICK tokens are created and earned through liquidity provision, rewarding users with LP tokens and a share of transaction fees.

The Minds Behind QuickSwap:

Founded by blockchain experts Nick Mudge and Sameep Singhania, QuickSwap benefits from Mudge's extensive experience in Ethereum programming and Singhania's senior blockchain development expertise. Supported by advisors from Lunar Digital Assets (LDA) and the Matic Foundation, QuickSwap is poised to make decentralized technology more accessible.

Earning with QuickSwap:

Liquidity providers on QuickSwap are rewarded with LP tokens and a portion of transaction fees, creating an incentivized ecosystem. Users can participate in dual liquidity mining, depositing LP tokens to earn dQuick and wMatic tokens, adding an extra layer of engagement.

Conclusion:

QuickSwap's journey through the magic realms of DeFi, fueled by dragons and layer 2 technology, aims to make decentralized trading more efficient and user-friendly. With its governance model, tokenomics, and commitment to innovation, QuickSwap stands as a promising player in the ever-evolving landscape of decentralized finance.

What is unique about Quickswap (QUICK)?

QuickSwap distinguishes itself by being a dragon-inspired decentralized exchange (DEX) on the Polygon Network's layer 2, providing faster and cost-effective transactions in the realm of decentralized finance (DeFi).

Who are the founders of Quickswap (QUICK)?

QuickSwap was founded by blockchain experts Nick Mudge and Sameep Singhania, bringing over six years of Ethereum programming expertise and a dedication to making decentralized technology more widely adopted.

Who are the backers/investors of Quickswap (QUICK)?

QuickSwap has received support and advisory guidance from Lunar Digital Assets (LDA) and the Matic Foundation, with LDA contributing blockchain marketing and consulting expertise, and the Matic Foundation serving as both a technical advisor and regulator of Polygon.

Where can I buy Quickswap (QUICK)?

You can buy Quickswap (QUICK) on Binance, Bitget, MEXC, Gate.io, Crypto.com cryptocurrency exchanges.