The current price of Quickswap [OLD] is $24.16 in USD. As of now, a total of 1M quick are in circulation across the market. Quickswap [OLD] has experienced a price change of -1.94% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Quickswap [OLD] trading volume on crypto exchanges has reached $5.1K.
Description
QuickSwap, a prominent Automated Market Maker (AMM) on the Polygon Network, offers a cost-effective token swaps and liquidity provision platform, drawing from Uniswap's liquidity pool model. Created by Sameep Singhania to combat high gas fees on decentralized exchanges, it operates as open-source software under the GPL, inviting developer contributions. Its native token, $QUICK, launched in February 2021, is pivotal for incentivizing liquidity provision, with 90% of its total supply earmarked for liquidity providers. Moreover, $QUICK facilitates decentralized governance, allowing holders to steer platform development by proposing and voting on new features. Extending its utility across the Polygon ecosystem, $QUICK underpins various DeFi projects, wallet integrations, and DEX aggregators, while supporting the development and expansion of innovative DeFi tools and the QuickSwap ecosystem.
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