Polygon’s QuickSwap Considers Token Split, Why It Could Be Bullish For QUICK
On a positive trajectory over the last 24 hours and moving along with the general sentiment in the market, Polygon decentralize exchange (DEX) QuickSwap could boost its fundamentals. According to a recent announcement, the project could split its native governance token QUICK. Related Reading | Polygon Token Price Analysis – New All-Time High This Week For MATIC? Dubbed the “most important governance discussion to date” on the platform’s official social media channel, a fierce debate has taken place between Polygon users. This process is critical, and could precede a voting on the....
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QuickSwap, a decentralized exchange (DEX) on Polygon, announced on Wednesday that its token, QUICK, would undergo a 1:1000 split. The decision was put to the vote earlier this month, with an overwhelming majority of more than 93% of participants supporting a token split to make QUICK, which acts as a governance token for the DEX, […]
The QuickSwap community has decided to split the platform’s native token, QUICK. Reacting to the upside in the last hour and past 7-days, QUICK could see more upside as the Polygon-based decentralized exchange moves to increase its level of adoption. Related Reading | QuickSwap Asks The Community, To Split or Not to Split QUICK Token? At the time of writing, QuickSwap (QUICK) trades at $225 with a 2.6% and 31% profit in 24-hours and one week, respectively. QUICK has seen its largest profits, on low timeframes on March 19 and 20, as the community inclined to split the token in 1:1000....
Decentralized exchange running on Polygon, QuickSwap has officially begun a voting process regarding QUICK. The platform’s native governance and utility token, QUICK holders will vote on rejecting or approving a process called “redenomination”. Related Reading | Why Polygon Will Implement Ethereum’s EIP-1559 Update If approved, the QUICK token will be “split” thus increasing its total supply from the current 1 million to 100 million or 1 billion. The latter will be decided in posterior voting if the community decides to approve the event at all. In that sense, the current voting....
Do you hear the dragon roar? QuickSwap – Polygon’s biggest DEX – is a DeFi beast in the making. In the last month, QuickSwap has announced several big exchange listings for its native utility token $QUICK (with Binance and Coinbase Pro among them), launched a community governance vote, and completed a successful IDO with the […]
Low fees and high yield opportunities briefly pushed QuickSwap price above the $1,000 mark as the Polygon-based layer-2 solution sees adoption from new blockchain projects. As the Ethereum (ETH) network progresses along the slow and steady path toward Eth2 and the full transition to proof of stake, layer-2 solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion. One L2 solution that has emerged as a top choice for DeFi projects and traders is Polygon (MATIC), which over the past week, has seen its price climb toward new....