QuickSwap

Rank

#11

Chain

Polygon (MATIC)

Service

Dex

Social links

Platform Token

Quickswap [OLD] (QUICK)

Price

$53.79

+1.6 %

Market Cap

$24,808,524

+1.4 %

24H Volume

$3,424,786

quickswap.exchange

Publish: 10/2020

Team is private

No incidents

Audits: 1

QuickSwap is a decentralized application founded in 2020. The project team is private. In the decentralized finance space, this project has passed 1 audit. It has not been involved in any incidents. QuickSwap runs on top of the Polygon blockchain for fast and secure transactions with crypto assets. The project has its platform token called Quickswap [OLD]. The trading volume for 24 hours is $3,424,786.

Users have the ability to contribute their cryptocurrencies to pools which can then be accessed by other users, where providers earn interest on the assets that they bring in. The DeFi Watch platform can be used as a tracker to find the best project pool with high swap fees and yield farming rewards. More details about QuickSwap are available at quickswap.exchange.

Liquidity

Liquidity Pools

Volume

QuickSwap Liquidity

$275,907,221

+0.9 %

Active users

9.3K

+11.9 %

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.