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

On March 23rd, 2022, QuickSwap’s community voted in favor of a 1:1000 token split. This means that QUICK’s supply will increase from a 1 million max supply to a 1 billion max supply. Read more about how this token split will affect you below.

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

Read the full article on our official blog here: https://blog.quickswap.exchange/posts/1-1000-token-split

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