Quickswap • Jun 03, 22
You Voted for QuickSwap to Feature a Predictions Market Built by PRDT Finance
On June 3rd, 2022, the QuickSwap community voted in favor of introducing a predictions market built by PRDT Finance. We couldn’t be more…
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of QuickSwap has risen by 7.48% in the past 7 days. The price declined by 0.61% in the last 24 hours. In just the past hour, the price grew by 0.28%. The current price is $55.03 per QUICK. QuickSwap is 99.60% below the all time high of $13,732.74.
The current circulating supply is 327,100 QUICK.
QUICK is an Ethereum token that powers QuickSwap, a decentralized exchange that runs on the Polygon Network in order to provide faster and cheaper transactions on Ethereum. QUICK can be used to create and vote on proposals governing QuickSwap and can be staked to earn a portion of trading fees.
Layer 2 is a secondary framework created on an existing system. The primary purpose of layer 2 is to address the networks' transactional speed issues or scalability issues. Besides this, QuickSwap is attempting to solve the problem that (decentralized finance) has reached a critical point as demand for decentralized trade has grown. Transaction costs and confirmation times have increased as a result of the stress on the Ethereum mainchain induced by DeFi protocol adoption. Decentralized exchanges like Uniswap rely primarily on the Ethereum mainchain's capacity. As a result, decentralized exchanges are not only contributing to network congestion, but they are also becoming victims of the DeFi industry. Such issues make it difficult to encourage new people to use DeFi. QuickSwap is providing a solution to the present DEXs' issues with the layer 2 protocol. QuickSwap is trying to remove the costly barriers to entry and usage for the general user.
QuickSwap provides a permissionless listing on its DEX. Any user can list any token on QuickSwap by providing for the trading pair. Before listing an asset, there is no necessity to obtain authorization from another person or entity. As mentioned on the , QuickSwap also allows users to trade directly from their personal wallets (including Coinbase Wallet, MetaMask, and other mobile wallets via WalletConnect). There is no need to deposit tokens on the exchange before trading. As a result, users maintain control over their assets during the trading process.
QUICK is an ERC20 platform token of QuickSwap. The community governs the QuickSwap platform, and QUICK token holders own the governance process. The platform has already held a community governance vote that decided on the creation of a single asset QUICK. Holders have the ability to propose protocol changes and vote on issues that affect the entire community, such as how the treasury distributes funds.
QuickSwap was created by Nick Mudge and Sameep Singhania. Mudge has over six years of blockchain programming expertise as an Ethereum contract programmer, code reviewer, security auditor, and web developer. He was a part of the standard development process and is the author of the EIP-2535 Diamond Standard. The second developer of the platform is Singhania. He is the director and cofounder of Ginete Technologies, a blockchain development and consulting firm. He is a senior blockchain developer who has dedicated the last several years of his life to supporting businesses in discovering and implementing blockchain. Singhania is working to make decentralized technology more widely adopted.
QuickSwap has two organizations as its advisors, LDA and the Matic Foundation. LDA (Lunar Digital Assets) is a blockchain marketing and consulting organization. LDA understands the transformative nature of layer 2 for blockchain, and it is giving its support to QuickSwap so that the community understands the protocol's impacting value proposition. Next, the Matic Foundation is the regulating body of Polygon. On a technical level and as an advisory team, the Matic Foundation assists the QuickSwap team. The Matic Foundation is also planning to be involved in the platform's governance.
The maximum total supply of QUICK tokens is 1,000,000.
Liquidity providers are rewarded with (liquidity pool) tokens, which serve as a receipt for their portion in the pool. Along with this, liquidity providers are the ones who gain from transaction fees. There is a fee of 0.3% on all swaps done utilizing a liquidity pool. Users can claim the earned transaction fees at any time and put the tokens back in the LP. Users receive the transaction fees back based on their share of the overall liquidity.
Further, the users can also participate in dual liquidity mining on the platform where users can deposit LP tokens to earn dQuick and wMatic tokens.
QuickSwap (QUICK) is available to buy and trade on Coinbase's centralized exchange.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The price of 1 QuickSwap currently costs $55.03.
The current market cap of QuickSwap is $17.87M. A high market cap implies that the asset is highly valued by the market.
The all-time high of QuickSwap is $13,732.74. This all-time high is highest price paid for QuickSwap since it was launched.
Over the last 24 hours, the trading volume of QuickSwap is $3.27M.
The current circulating supply of QuickSwap is 327 thousand.
The median time that Coinbase customers hold QuickSwap before selling it or sending it to another account or address is 5 days.
QuickSwap ranks 165 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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