You Voted for a 1:1000 Token Split to Make $QUICK More Appealing

TL; DR:

  • On March 17th, 93.19% of QUICK and dQUICK holders voted for a token split to make QUICK more appealing
  • As of today, 84.72% voted in favor of a 1:1000 Token Split
  • This means that QUICK’s max supply will increase from 1 million to 1 billion
  • For every 1 QUICK a holder has before converting, he or she will hold 1 thousand QUICK after going through the conversion contract
  • This change to our tokenomics will impact all QUICK and dQUICK holders in a number of ways:
  • Increasing QUICK’s maximum supply will reduce the asset’s price per unit, making it more appealing to crypto enthusiasts who compare QUICK to other DEX tokens without considering supply
  • All QUICK holders will need to convert their QUICK v1 into QUICK v2 via our conversion contract, which is currently under audit
  • Nothing will happen overnight or automatically
  • For now, there is nothing to be done. QuickSwap LPs, QUICK stakers, and QUICK holders should continue to do exactly what they are doing now until further notice
  • QuickSwap will provide more details about the conversion contract, audit, and how you can convert your QUICK as soon as possible

Dragons are wild beasts

What does this mean for me?

For example:

Alright, but what about me, specifically?

Example 1: Roc is providing liquidity for an incentivized dual mining pool and wants to continue earning $dQUICK and $MATIC rewards PLUS a portion of the pool’s trading fees

Example 2: Sameep stakes QUICK in the Dragon’s Lair to earn more QUICK and wants to continue staking to generate passive income

Example 3: Muraj stakes QUICK in a Dragon’s Syrup Pool and wants to continue earning that token as a reward

Example 4: Maxim holds liquid QUICK in a self-custodial wallet on the Polygon network

Example 5: Aamir holds liquid QUICK in a self-custodial wallet on the Ethereum Network

Example 6: Seth holds QUICK on a centralized exchange (like Binance or Coinbase). He doesn’t hold his own private keys and is alright with that

What’s next?

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