Today, we will address a great Blockchain and DeFi project known as "Quick Swap". And for those who have never heard of it, something important to note is that QuickSwap is a platform born from the fork of UniSwap. Platform which, in turn, is one of the first and most relevant platforms for creation of automated markets (Automated Market Makers / AMM) in the DeFi sector of the cryptocurrency industry.
From your native token QuickSwap (QUICK), it is worth noting that it belongs to a series of crypto exchanges, which differentiates it from other more well-known crypto assets. Therefore, it cannot be purchased directly with fiat money, but with other tokens or cryptocurrencies. And that currently value is around $170,00 with an approximate daily trading volume $6.500.000,00, according to the CoinMarketCap platform. While his current circulating supply is 360.000installation of a total supply of 1.000.000.
And before delving into this present publication on one more topic in the field Blockchain, DeFi and NFTs, more specifically about the project "Quick Swap", its platform and token. We will leave for those interested, the links to some of our previous related posts with this type of projects or other topics. So that they can do it easily, in case they want to increase or reinforce their knowledge about it, at the end of reading this publication:
"ApeSwap who, along with BakerySwap and PancakeSwap, are often considered useful and popular DeFi Exchanges, operating within the Binance Smart Chain (BSC) Ecosystem. And in this publication you will know in depth what it is and how to use it”. ApeSwap guide for beginners from scratch
Quick Swap
What is the QuickSwap platform?
This interesting Decentralized Exchange called QuickSwap can be briefly described as follows:
"Quickswap is a decentralized exchange (DEX) site that operates on the Polygon network. And it is based on the Uniswap V2 AMM protocol. Additionally, it allows Polygon users to trade tokens through a liquidity pool.".
And as we stated at the beginning, given that QuickSwap is a fork of UniSwap, but on Polygon instead of Ethereum. This makes her a layer 2 scaling solution for Ethereum. Obtaining as weight benefit, higher transaction speeds and lower transaction fees regarding Ethereum. which makes it a DEX of tokens at the lowest price, compared to other DEXes like UniSwap.
"QuickSwap is a fork of UniSwap, without changing a single line of code, just a slight cosmetic (UI) change, powered by the Matic network for much faster and cheaper transactions, and that Uniswap has been professionally audited and has not been hacked to date, the risks seem reasonable as far as the smart contract itself. Therefore, the risks of using QuickSwap are almost identical to any Automated Market Maker (AMM) platform in the DeFi industry today.". Quick Swap FAQ
To stay informed and updated about the QuickSwap Project, the ideal is through its official website on Medium.
What is QuickSwap Token?
- QUICK is the native utility token of the QuickSwap platform.
- It is used for governance (making proposals and voting for proposals) within the platform.
- It is used for staking, so that users can stake QUICK tokens and get rewards for those bets (paid in QUICK), and also earn a part of the platform's transaction rewards.
- Allows you to run liquidity mining. Thus, users deposit tokens towards liquidity pairs on the platform and earn a portion of the platform's transaction fees. Additionally, users will be able to receive LP tokens in exchange for their token deposits, which they can then stake on the platform to earn more QUICK tokens.
"QUICK is an ERC-20 token that was launched in February 2021, and acts as a governance token for QuickSwap. 90% of the total supply of the token will be distributed as a reward to anyone who "liquidity mines" - turning liquidity providers into participants (stakeholders) of the platform". The QuickSwap token (QUICK)
Where can you buy?
Some of the major exchanges or trading sites for trade (buy or sell) QuickSwap they are currently Binance, BingX, Crypto.com Exchange, Gate.io, KuCoin, Poloniex, HotBit and of course the famous and trusted Coinbase. The best of Coinbase to acquire QUICK, is that it brings a simple and practical tutorial in Spanish, to achieve the successful purchase of said token step by step.
However, and obviously, it can be obtained through its own platform through the following simple steps:
- Visit the QuickSwap website
- We connect some of our digital wallets, by clicking on the “Switch to Matic” button. In our use case, MetaMask, choosing it from the list of wallets available for purchase. Then, if necessary, you can manually add the Polygon network by pressing the “Switch to Polygon” button or through the Metamask Wallet itself, through its add/change Network option at the top.
- Once the wallet with available funds is connected, we only choose the payment token and payment amount, for example, MATIC. And then, we choose the token or cryptocurrency that we are going to buy by pressing “Select a token”. In this use case, it would be QUICK.
- Once this is done, click on the “Swap” button. Next, the final information of the coins that we are going to receive will appear, and we continue by clicking on the “Confirm Swap” button.
- Finally, the MetaMask window will show the Polygon commission that we will pay and the total of the operation, including gas. Therefore, when the “Confirm” button is pressed, a window will appear and you will have to wait until the miners validate the operation, and then the purchased currency appears in the wallet used, that is, QUICK.
Rates in QuickSwap
QuickSwap has a trading fee of 0,30%. When executing a trade on QuickSwap, a fixed trading fee of 0,30% is charged, regardless of the size of the trade and the pair traded. There is also transaction fees (gas) that must be paid when approving a token and when making a trade in QuickSwap, but they are extremely low thanks to the use of the Polygon network.
Current performance of QuickSwap (QUICK) on CoinMarketCap
- Current Price: +/- $170,00.
- historical minimum and maximum: From $123.18 to $1,669.32.
- Current Market Level: 518.
- Market capitalization: +/- $55,900.000.
- Circulating and Total Supply: +/- 327.100 of 1.000.000.
- Daily trading volume: +/- $6.500.000.
- Launch price: +/- $497,00.
- Price predictions at the end of the year: Mostly positive, 3 out of 4, towards a range between $180 and $280.
Don't forget that, QUICK is the native token of the Decentralized Exchange (DEX) QuickSwap. And that this is used within it to governance and staking tasks. And that, since its inception QUICK is a fair launch project and of the community-governed type.
Reason why, it did not have the classic seed round, or private round, or pre-sale, or public sale (ICO/IDO/IEO). 96,75% of the total supply was reserved for the QuickSwap community. And 90% of QUICK tokens have already been or will be distributed through the platform's liquidity mining rewards program.
Y for more useful and updated information on marketing of QUICK You can visit its official sections on the following websites: CoinMarketCap, CoinGecko y Coinbase. While for his future price performance You can visit its official sections on the following websites: DigitalCoinPrice, price prediction, tradingbeast y Walletinvestor.
investment tips
Then a few good investment advice (good financial practices) to take into account when invest in any Web3 project (Blockchain & DeFi). Be these projects Cryptocurrencies, NFTs, NFT games, Metaverses, or anything else related, since the risks are usually really high in this area:
"Get in the habit of investing the amount of money you are willing to lose outright. Since, there are many risks or problems that are run today, in this type of new projects, especially that they are sustainable in the long term. In addition, many may present irreparable or unrecoverable problems, both due to the collapse of their capitalization, as well as hacks, and even Rug Pulls, that is, the owner(s) take all the money invested and close the project one day. for other". Investment Council
Summary
In summary, we hope that this publication on "Quick Swap", as he QUICK-token as its exchange platformbe of great help to all those investors of the Blockchain and DeFi fieldwho are always on the lookout for cryptoassets interesting and with good chances of generating good amounts of profit. Thanks to timely, reliable and verifiable information. However, never forget to take into account all the tips (good practices) that we usually give at the end, as precautions and warnings, for a successful use of your financial resources to invest.
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