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What is QuickSwap (QUICK)?

QuickSwap is a fork of Uniswap, one that specifically runs on the Polygon network and is a Layer-2 scaling solution. It is built on Polygon due to its lower transaction fees when compared to the Ethereum blockchain, and this in turn enables QuickSwap to facilitate token swops at the lowest costs when compared to Uniswap. It is an automated market maker (AMM) where users add pairs of tokens into liquidity pools where they can earn transaction fees from others that want to swap tokens through the usage of these pools. It is fully compatible with the Ethereum blockchain and allows you to swap ERC-20 tokens.

Who are the founders of QuickSwap (QUICK)?

The founding team of QuickSwap includes Sameep Singhania, who is the Co-Founder and Director of the blockchain development and consulting company known as Ginete Technologies, as well as Nick Mudge, who is s an Ethereum contract programmer, code reviewer, security auditor, standards author, and web developer. Additionally, QuickSwap also has two advisors, and these are Lunar Digital assets (LDA) which is a premier blockchain marketing and consultancy firm as well as The Matic Foundation which is the governing body of Polygon, a leading Ethereum scalability solution that powers many decentralized applications (dApps).

What makes QuickSwap (QUICK) unique?

QuickSwap uses the AMM model through which it creates liquidity pools of tokens. Users can then access these and swap. They do not trade as makers or traders but interact with a smart contract instead. Anyone can provide liquidity by simply depositing a pair of coins in equal value. When they do so, the liquidity providers get LP tokens that are their share of the pool, and they can be burnt when claiming the acquired tokens. Users can also provide them to a third party in order for them to be used in yield farming, where the fees are constantly reinvested into the pool.