shiboshy
Elite Member
- Dec 17, 2011
- 4,607
- 2,306
Binance just announced an hour ago that they will be listing QuickSwap ($QUICK) in the innovation zone and right now, trading is open.
But, why do I see potential in QuickSwap (besides buying it before that)?
QuickSwap is basically a clone/fork of Uniswap, a DEX where you can trade all those shitcoins in a bull run and also projects with great potential.
The thing is, Uniswap has huge fees and a lot of people burn money (ETH) to make these transactions & conversions possible.
QuickSwap is different as it runs on the Polygon (MATIC) Network so when you swap these coins, there are almost NO FEES (only a few cents) and the fee is processed in MATIC instead of ETH.
Binance's definition:
QuickSwap is a fork of Uniswap deployed on the Polygon network (formerly Matic Network). QuickSwap leverages the low transaction fees on Polygon Network, and enables users to trade any ERC-20 asset at fast speeds with near-zero gas costs. QUICK tokens can be staked to earn staking rewards, and for voting power to participate in the DAO governance.
Price potential
Uniswap currently has a market cap of $10,349,160,259, while Quickswap has only $58,208,352.
The price of Quickswap now is $363 and the token itself has huge scarcity, because of it's very low supply of only 159,753 tokens.
Imagine, if one day Quickswap reaches 10B million market cap!
Currently sitting at 58M market cap with a price of $363, it would be as follows:
For it to 10X it needs a 508M market cap and this will make the price to $3630 per token!
When it reaches 1B market cap the price would be around $7,200 per token.
If it ever reached 10B market cap, that currently Uniswap has, the price per token would be $72,000.
Quickswap price, circulation & market cap snapshot from today.
I've already filled my bags. What about you?
July 23, 2021
Purchased 1.02 QUICK for $365 (DAI) + 0.20 QUICK for $65 (MATIC) + 0.24 QUICK for $90 (MATIC)
Total: ~1.44 QUICK purchased for $520
(this includes the fees I had to buy matic, convert it to matic network and use ETH to send it to my ETH wallet then migrate it to the MATIC network)
I've already filled my bags. What about you?
July 23, 2021
Purchased 1.02 QUICK for $365 (DAI) + 0.20 QUICK for $65 (MATIC) + 0.24 QUICK for $90 (MATIC)
Total: ~1.44 QUICK purchased for $520
(this includes the fees I had to buy matic, convert it to matic network and use ETH to send it to my ETH wallet then migrate it to the MATIC network)
This is not a financial advice, but a project with great potential, so I want to raise awareness about it. I am sharing it, because this thing will be for sure used in the next bull run since it CUTS all the fees that are spent for converting to shitcoins.
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