QUİCK
QuickSwap is a next-generation DEX and DeFi ecosystem. Trade at lightning speed with near-zero gas fees.
Founded by Nick Mudge and Sameep Singhania, QuickSwap is an Automated Market Maker (AMM) that allows people to trade orders without having to go through any verification process or provide any personal information, all through your browser.
It is an Ethereum-based permissionless decentralized exchange (DEX) powered by Polygon Network’s Layer 2 scalability infrastructure. Similar to Uniswap, anyone can trade any ERC-20 token on QuickSwap. However, QuickSwap is not another Uniswap “clone”. It is looking to solve the diversity issues on the Ethereum blockchain.
QuickSwap is often compared to another DEX, Uniswap. However, Uniswap runs on the Ethereum network, while QuickSwap runs on the Matic/Polygon Layer-2 platform. This is the main difference between decentralized exchanges.
Due to the high congestion on the Ethereum network, QuickSwap offers lower fees than Ethereum and faster transactions than Uniswap. However, Uniswap has become the industry standard for AMMs and liquidity mining. Therefore, it is heavily regulated and it is not surprising that many projects use Uniswap open source code to create DEX variations.
The project uses the Automated Market Maker model for users to swap tokens. Therefore, it aims to make the DEX experience easier. On the other hand, users have the opportunity to connect their Ethereum ERC20 tokens to Polygon.
QUICK is launched as the cryptocurrency of the QuickSwap platform. It is also used to perform many different transactions.
