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QuickSwap is a revolutionary decentralized application built on the Polygon blockchain, designed to empower users with the ability to swap ERC-20 tokens instantly. DEXs (Decentralized Exchanges) are at the vanguard of the blooming DeFi (decentralized finance) industry and form its bedrock. With QuickSwap’s lightning fast transaction speeds, encrypted security measures and trustless exchange environment – it sets an unparalleled new standard for token swaps within this space!
Founded by Sameep Singhania in 2020, QuickSwap DEX is a layer-2 DEX built on the Polygon network that deploys an automated market maker (AMM) model for users to exchange tokens. It celebrates decentralization values by guaranteeing trustless, permissionless and censorship-resistant cryptocurrency trading.
QuickSwap is an automated DeFi liquidity protocol that allows users to add token pairs to a pool and collect transaction fees from those who use it for swapping tokens. With no need for an order book, you can instantly exchange any ERC-20 tokens as long as there’s a corresponding liquidity pool available on the platform. So don’t delay; sign up today and start trading with ease!
By providing a token pair, anyone has the potential to create new liquidity pools and acquire transaction fees from other users. QuickSwap is permissionless; therefore no authorization or approval is needed prior to launching a pool.
Unlike Uniswap, the originator of Automated Market Makers (AMMs), QuickSwap is nearly identical in design and liquidity protocols but differs with a slight cosmetic change built on an innovative layer-2 scaling solution called Polygon. This substantial upgrade from Ethereum’s Layer 1 technology allows for streamlined transactions and increased efficiency while trading.
QUICK (ERC-20 token) is the vital cryptocurrency of QuickSwap, and has two major features: governance and staking.The decentralized governance system permits QUICK token holders to suggest changes in protocol operations as well as vote on relevant issues that affect how it functions. This empowers them with a greater say in the development of QuickSwap’s future plans!
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