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
Launch
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."
Utility
Token Details
Stablecoin
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on: Ethereum and Matic. Is a fork of Uniswap.
How it works
Staking
Liquidity Mining
"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.
Different Implementations
Interoperability
Other Details
Privacy Method
Compliance
Oracle Method
Their Other Projects
DEX
Governance
Admin Keys
- According to DeFi Safety (28-6-2021), Admin Control information could not be found.
DAO
Treasury
Upgrades
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."
Bugs/Hacks
Usage
"Quickswap Exchange's 24 hour transaction count exceeded Uniswap today. $QUICK transactions: 198,878 $UNI transactions: 186,879"
Projects that use or built on it
Competition
Coin Distribution
Pros and Cons
Pros
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].
