You Voted for a Token Split! Should QuickSwap Split QUICK by 1:100 or 1:1000?

TL; DR:

  • 93.19% of QUICK and dQUICK holders recently voted in favor of a token split to make QUICK more appealing
  • Now that the decision to redenominate QUICK has been made, we have one more choice to make:
  • Should we split QUICK by 1:100 (for a maximum supply of 100 million QUICK) or 1:1000 (for a maximum supply of 1 billion QUICK)?
  • The snapshot for this vote will take place tomorrow on Friday, March 18th
  • The vote will begin immediately after the snapshot and will run for 5 days until Wednesday, March 23rd
  • When the vote concludes and we know by how much the token will split, we will announce further details about how and when holders can go about converting their QUICK
  • For the purposes of this blog, we will use xQUICK to refer to QUICK after redenomination. This ticker is not confirmed or finalized. We will discuss it with the community before any final decisions are made
  • Details about the proposal, voting eligibility, and how to participate in QuickSwap’s upcoming governance vote follow

Dragons breath fire

What does this mean for me?

1:100 or 1:1000?

Average DEX tokens

Future Token Burns?

Evaluating Market Cap

Eligibility

You are eligible to vote if you meet any of the following conditions:

  • You hold QUICK in a MetaMask Wallet or another Polygon-enabled wallet to which you control the private keys. Please note: To qualify, your QUICK must be held on the Polygon Network and not on Ethereum, BSC, or any other chain.
  • You deposited your QUICK into the Dragon’s Lair and are now holding dQUICK in its place while you accumulate more QUICK.
  • You deposited your QUICK into the Dragon’s Lair and then deposited your dQUICK into one of our Dragon’s Syrup pools that is still running on the old model.
  • You deposited your QUICK into a Dragon’s Syrup pool and are farming other tokens with it.
  • You are providing liquidity for select QUICK pairs on QuickSwap and have staked your LP so you’re earning trading fees and dQUICK rewards. Select pairs include:
  • MATIC-QUICK
  • TEL-QUICK
  • ETH-QUICK
  • USDC-QUICK
  • GENESIS-QUICK
  • START-QUICK

You are not eligible to vote if:

  • You hold QUICK on a centralized exchange wallet (such as Binance, Coinbase, Crypto.com, etc) to which you do not hold the private keys.
  • You hold QUICK in a self-custodial wallet (like MetaMask), but you hold that QUICK on Ethereum, BSC, or any network other than Polygon.
  • You are providing liquidity for a QUICK pair not mentioned above on QuickSwap or for any QUICK pair on another DEX. (To be clear: only the QUICK you are using to LP for pairs not mentioned above will be excluded from the snapshot. If you also hold QUICK that you are not using to LP with, you will be eligible to vote with that).

Timeline

How to participate in the vote

  1. Visit https://snapshot.org/#/quickvote.eth (after the snapshot on Friday, March 18th)
  2. Connect your MetaMask Wallet (or other Polygon-compatible, self-custodial wallet)
  • Make sure you’re connected to the Matic Mainnet
  • The combined $QUICK and $dQUICK in your wallet at the time of the snapshot will dictate the weight of your vote
  • $QUICK staked in select liquidity pools will also be counted in the weight of your vote
  • $dQUICK staked in Dragon’s Syrup pools will also be counted in the weight of your vote

Which way to vote?

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