🔥💥What is Quick Money? The future of the QuickSwap project
#QuickSwap (
#Quick ) is a next-generation layer-2 decentralized exchange (DEX) and automated market maker. (AMM) Bitci.com in this article, we will answer the question of What is QuickSwap (QUICK).
What is QuickSwap (QUICK)?
It is an Ethereum-based unauthorized decentralized exchange supported by the Polygon Network's Layer 2 scalability infrastructure. (DEX) Similar to Uniswap, anyone can exchange any ERC-20 based token on QUICKSWAP. But QuickSwap is not another Uniswap “clone”.
QuickSwap is often compared to another DEX, Uniswap. However, Uniswap works on the Ethereum network, while QuickSwap works on the Matic/Polygon Layer-2 platform. This is the main difference that separates these decentralized exchanges.
Due to the high congestion in the Ethereum network, QuickSwap allows low fees from Ethereum and fast transactions from Uniswap. However, Uniswap has become the industry standard for AMMS and liquidity mining. For this reason, it is also heavily supervised, and it is not surprising that many projects use Uniswap open source codes to create a DEX variation.
How Does QuickSwap (QUICK) Work?
QuickSwap (QUICK) has a special operating mechanics defined by five different features. These five characteristics are:
Permissionless Listings: Any user can list any ERC-20 token on the platform, providing liquidity for the trading pair.
Layer 2 Transactions: Transactions on the platform are supported by Polygon, a Layer 2 Ethereum scalability solution.
Liquidity Mining: Users who provide liquidity to trading pools are rewarded with QUICK, which encourages market participants to contribute liquidity.
Yield Farming: There will be a 0.3% transaction fee for each transaction on the platform.
Community Governance: The platform will be managed by the community. In October, token holders will have the right to have a say in the management process of the platform.
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