QuickSwap (QUICK)

Basics

• Announced on:
• Mainnet release: 8-10-2020
• Based in:
• A permissionless DEX based on Ethereum.

History

• The QuickSwap exchange uses Uniswap code.

Token

Token allocation

• From their blog (8-10-2020):

"A total of 3.25% of the token supply will be reserved for the creators and advisors, 5% will be distributed to UNI token holders for providing liquidity on QuickSwap, 1% will be distributed to MATIC stakers, and 0.75% will be utilized for a launch marketing campaign involving various communities. The remaining 90% of QUICK tokens will only be available through liquidity mining distribution."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: Ethereum and Matic. Is a fork of Uniswap.

Liquidity Mining

• From their Twitter (8-10-2020):

"96.75% of the total supply of QUICK is reserved for the community! 95% distributed via liquidity mining."

Layer Two

• Launched (13-10-2020) on Matic Network’s Layer 2, an adapted version of Plasma with PoS based side chains.

Governance

Admin Keys

• According to DeFi Safety (28-6-2021), Admin Control information could not be found.

Roadmap

• Can be found [Insert link here].

Audits

• No bug bounty program offered (28-6-2021).
• Scored a 26% on DeFi Safety (28-6-2021): "Yes its an accurate fork of Uniswap, but they stopped there. No docs. They put a link to the Uniswap docs which talks about UNI, not QUICK.  Take the effort to own your protocol."

Usage

• From their twitter (27-4-2021):

"Quickswap Exchange's 24 hour transaction count exceeded Uniswap today. $QUICK transactions: 198,878 $UNI transactions: 186,879"

Pros and Cons

Cons

• From Crypto Briefing (21-6-2021):

"Contributing to the expansion of alleged exit scams like Iron Finance and Polywhale is QuickSwap, a Polygon-based DEX. QuickSwap promoted the two projects with massive liquidity reward programs, without displaying due diligence in picking their partners."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

Partners

• Someone on the QuickSwap team is one of the multi-sig holders for the Polygon contracts (15-5-2021).