#QuickSwap (#QUICK ) stands out as a project that serves as a decentralized exchange and allows trading through liquidity pools. By establishing the project, Nick Mudge and Sameep Singhania enabled users to trade through their browsers without authenticating or sharing personal information.

QuickSwap was developed using Polygon #Layer2 technology, forked from the Ethereum-based #Uniswap project.

Since QuickSwap is based on liquidity pools, there is no order book and swap transactions are carried out through smart contracts.

Using browser-based wallets such as #MetaMask , users send their tokens to QuickSwap smart contracts and receive offers from other users who want to sell their tokens.

Once the swap takes place, tokens are automatically sent to the wallets.

QuickSwap's AMM structure rewards liquidity providers with a 0.3% transaction fee, and token prices are calculated using the Fixed Product Market Maker formula.

QuickSwap's native token is QUICK and can be issued to liquidity providers or exchanged for other tokens on QuickSwap.

QuickSwap stands out as a project that offers low fees and fast confirmation times for decentralized exchange transactions and is an advanced version of the Uniswap project by taking advantage of Polygon's Layer 2 technology.

This article is for informational purposes only and is not a recommendation for personal investment decisions.