{"id":485919,"date":"2022-03-14T18:00:51","date_gmt":"2022-03-14T18:00:51","guid":{"rendered":"https:\/\/uniquehot.com\/?p=485919"},"modified":"2022-03-14T14:17:41","modified_gmt":"2022-03-14T14:17:41","slug":"quickswap-asks-the-community-to-split-or-not-to-split-quick-token","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/defi\/quickswap-asks-the-community-to-split-or-not-to-split-quick-token\/","title":{"rendered":"QuickSwap Asks The Community, To Split or Not to Split QUICK Token?"},"content":{"rendered":"

Decentralized exchange running on Polygon, QuickSwap has officially begun <\/a>a voting process regarding QUICK. The platform\u2019s native governance and utility token, QUICK holders will vote on rejecting or approving a process called \u201credenomination\u201d.<\/p>\n

If approved, the QUICK token will be \u201csplit\u201d 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.<\/a><\/p>\n

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?<\/p>\n

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.<\/p>\n

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4\/ Those who are opposed to the token split have expressed their concerns & addressed them with the team, including co-founder @CryptoRocky<\/a> who sure knows how to take a punch \ud83e\udd4a pic.twitter.com\/pyHtSBMdj4<\/a><\/p>\n
— QuickSwap \ud83d\udc32 DragonFi 2.0 (@QuickswapDEX) March 5, 2022<\/a><\/p><\/blockquote>\n