Execution of QuickSwap's Native Token $QUICK Split Proposal Leads to Short-Term Price Surge

WikiBit|2023-07-11

Abstract:The QUICK token undergoes a 1:1000 split, and Binance will support the token conversion and incremental distribution. As a result, the price of QUICK experiences a significant surge in the short term.

The QuickSwap community conducted a vote on token split ratio from March 12th to 17th this year. The proposal to split QUICK at a ratio of 1:1000 was approved by the community. The original total supply of QUICK was 1 million tokens, and after the split, the total supply will increase to 1 billion tokens.

On July 9th, the official team updated the user interface (UI), allowing QUICK holders to convert their QUICK (Old) tokens to the new QUICK tokens. The official link currently supports the conversion of QUICK tokens on the Polygon network.

Subsequently, on July 10th, Binance announced its support for the token swap and incremental issuance of QuickSwap (QUICK) tokens. As a result, the QUICK token experienced a significant increase of over 35% within a short period of time.

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