ICOcreed logo ICOcreed logo
ICOcreed logo
NewsBTC 2022-03-14 18:00:51

QuickSwap Asks The Community, To Split or Not to Split QUICK Token?

Decentralized exchange running on Polygon, QuickSwap has officially begun a voting process regarding QUICK. The platform’s native governance and utility token, QUICK holders will vote on rejecting or approving a process called “redenomination”. Related Reading | Why Polygon Will Implement Ethereum’s EIP-1559 Update If approved, the QUICK token will be “split” thus increasing its total supply from the current 1 million to 100 million or 1 billion. The latter will be decided in posterior voting if the community decides to approve the event at all. In that sense, the current voting process began on March 12, with a snapshot, and will be closed on March 17. QUICK holders will only need to answer one question: Should QuickSwap do a token split to make QUICK more appealing? The team behind the DEX has called this process one of the most, if not the most, important governance decisions to date. There is apparently a lot of support for the split, but a portion of QUICK holders have expressed their concerns. 4/ Those who are opposed to the token split have expressed their concerns & addressed them with the team, including co-founder @CryptoRocky who sure knows how to take a punch 🥊 pic.twitter.com/pyHtSBMdj4 — QuickSwap (@QuickswapDEX) March 5, 2022 The proponents of this proposal believe QUICK is “undervalued” when compared to other decentralized exchange tokens. As seen below, the total market of UNI, 1INCH, CAKE, SUS...

Disclaimer : All crypto price forecasts provided on our website are only for general information. The content should not considered as financial advice, legal advice or any other form of advice meant for your investment. Conduct your own research before investing in any cryptocurrency. Trading is a highly risky business, please consult with your financial advisor before making any decision.