![QuickSwap [Old]](https://price-coin.xxi2.com/uploads/currencies/quickswap.png)
| General information | |
|---|---|
| Global rank: | 672 |
| Name: |
QuickSwap [Old] |
| Symbol: | QUICK |
| Current coin price (SHP): | 34.62 £ |
| Last hour: | arrow_upward0.870 % |
| Last 24 hours: | arrow_downward-4.65 % |
| Last 7 days: | -4.50 %trending_down |
| Capitalisation (SHP): | 25 668 642.94 £ |
| Volume 24h (SHP): | 18 579.69 £ |
| Available supply: | 741 542.00 QUICK |
| Total coin supply: | -1 QUICK |
| Start date: | 2022-04-21 |
QuickSwap [Old]/Saint Helena Pound (QUICK/SHP) price chart
QuickSwap [Old]/Saint Helena Pound (QUICK/SHP) capitalisation and volume charts
QuickSwap is an Automated Market Maker (AMM) operating on the Polygon Network, providing users with an efficient and economical mechanism for token swaps and liquidity provision. It inherits its liquidity pool model from Uniswap, a model wherein users earn transaction fees by contributing pairs of tokens to liquidity pools. QuickSwap emphasizes decentralization, censorship resistance, and security, serving traders, developers, and liquidity providers within its ecosystem.
QuickSwap was birthed by Sameep Singhania, who was motivated by frustrations over high gas fees on various leading decentralized exchanges. The protocol, crafted as open-source software and governed under the GPL (General Public License), encourages developers to contribute to and benefit from the platform, enhancing its functionality and user experience over time.
$QUICK, launched in February 2021, is the intrinsic utility token of QuickSwap. The team pledged that 90% of the total token supply would be distributed as rewards to those providing liquidity on the platform. It primarily acts as an incentive for liquidity providers who contribute ERC-20 tokens to communal liquidity pools.
Beyond incentivization, $QUICK allows token holders to propose and vote on new features for QuickSwap, embodying a mechanism for decentralized governance and platform evolution. Developers can also integrate with QuickSwap's smart contracts to create new token interactions, trading interfaces, and functionalities, thereby enhancing the platform's capabilities and user offerings.
$QUICK extends its utility across the broader Polygon ecosystem, empowering DeFi dashboard projects and wallet integrations, providing liquidity for DEX aggregators, and supporting the development of innovative DeFi tools. Its open-source nature paves the way for a multitude of innovative use cases, perpetuating the continuous expansion of the QuickSwap ecosystem.