In May 2022, Quickswap decided to change its smart contract and convert old QUICK tokens to new QUICK tokens at a rate of 1:1000. Let’s quickly learn about Quickswap, tokenomics, market makers, and watchlist of whales with defilearn.
What is Quickswap?
Quickswap is an AMM dex on the Polygon network, similar to Uniswap on Ethereum. It competes with other AMMs on Polygon.
Currently, Quick’s TVL (total value locked) is behind AAVE (only on the Polygon network). In addition, the Mcap/TVL ratio of Quick is currently 0.289; Ldo’s coefficient is 0.26; Uniswap is 1.27; and Pancake is 0.7 (updated as of February 22, 2023).
The project did not conduct an IDO or token sale. Previously, old QUICK had a total supply of 1 million. Currently, the project has changed its smart contract, and new QUICK has a total supply of 1 billion. 90% of the total supply is used as rewards for those who provide liquidity to Quickswap.
- Liquidity minting: 90%
- UNI Token Holders: 5%
- Creators & Advisors: 3.25%
- Polygon Community Fund: 1%
- Marketing: 0.75%
No market maker has been discovered yet.
The fact that the project did not conduct a token sale indicates that the token’s value is determined by the community and the project’s business success.
The more projects add liquidity pools to Quickswap, the more revenue and users the project will attract. Last year, the project decided to change its smart contract, but new QUICK has not yet been listed on Binance.
Here are the top 10 whales holding new QUICK that you can follow: https://s.depocket.com/BNKXw9.