Mods for r/QuickSwap, and QuickSwap team members here. Myself and u/sethsiasid99 wrote this as an introduction to QuickSwap. Feedback is greatly appreciated, and we hope to help answer any questions or issues regarding this. So without further ado, let’s jump into QuickSwap!

Project:

QuickSwap (DEX)

Native Chain:

Polygon

Token:

$QUICK

Founders:

Roc Zacharias, Sameep Singhania, Nick Mudge

Github:

GitHub - GitHub - QuickSwap/quickswap-core

Purpose:

The QuickSwap team aims to leverage the low fees and rapid confirmation times of Polygon’s Layer 2 technology, so they modified Uniswap (an open-source dApp) to run on Polygon and named the resulting project QuickSwap. Like Uniswap, QuickSwap has a native token called QUICK. QUICK may be purchased via the QuickSwap exchange with ETH or other tokens, or it can be awarded to liquidity providers.

QuickSwap is the #1 DEX on Polygon, with over $1bn in TVL. It aims to provide low-cost trading. The fee for trading is set at 0.3%. Out of that 0.3%, 0.25% goes to LP providers, 0.04% goes to Dragon’s Lair stakers, and 0.01% goes to the QuickSwap treasury.

Token Utility:

$QUICK will be used as the governance token for the project, and can also be staked into the Dragon’s Lair to earn a percentage of fees (0.4%) generated by the exchange. The exchange will buy $QUICK off the open market to distribute to Dragons Lairs stakers. The token can also be staked with a partnered projects to earn other tokens as well.

Tokenomics:

The distribution of QUICK is as follows:

* 90% of QUICK is allocated to liquidity providers over a 4-year period

* 5% will be airdropped to UNI holders

* 1% will be airdropped to MATIC stakers

* 4% is reserved for the team and marketing.

* Max supply of 1 million tokens.

* 96.75% distributed to the community over 4 years.

* Treasury wallet requires a multi-sig, and requires 3 out of 4 signatures from Nick Mudge, Sameep Singhania, Roc Zacharias (LDA), and Sandeep Nailwal (Polygon Co-Founder).

Source: QUICK Tokenomics & Liquidity Mining Details: 96.75% Distributed To The Community 🙌 | by QuickSwap | Medium

Wallet:

Contract Address 0xdB74C5D4F154BBD0B8e0a28195C68ab2721327e5 | PolygonScan

What am I most excited about with QuickSwap (currently)?

Our latest partnership with Starter.XYZ for IDO’s. I like being able to vet and have access to projects before they officially hit the market.

Upcoming features and what the team is working on:

* New website design to improve Ux / UI

* Adding new wallets

* Adding support for on/off ramp's

* Integrating limit orders

* Partnering up with IDO launchpads

* Exchange listings

* New features and Utilities

* New Innovative projects in Defi

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With DeFi progressing at an ever increasing pace, I hope fellow Redditors take the time to understand the options out there, and engage with them. Hope we were able to shed some light and share useful information with you!