Should QuickSwap Do a Token Split to Make $QUICK More Appealing?

QuickSwap is introducing the first phase in our governance vote about whether or not we should do a token split to make $QUICK — our native governance and utility token — more appealing.

We believe that QUICK would benefit from a token split because this would bring our supply more in line with other DEX tokens, to which many compare QUICK.

We want to be very clear that this vote is only about whether or not QUICK should be redenominated. If this governance proposal passes, we will then vote on whether we should do a 1:100 redenomination or a 1:1000 redenomination.

If this governance proposal passes, the next phase would be to introduce another governance proposal in which $QUICK holders would vote on whether we should increase the supply from 1 million to 100 million or from 1 million to 1 billion.

This wouldn’t dilute anyone’s current QUICK position. If we increased the supply by 100x, a QUICK holder who currently owns 1 QUICK would own 100 xQUICK after going through the conversion contract. If we increased the supply by 1000x, a QUICK holder who owns 1 QUICK now would own 1000 xQUICK after the split.

More information about a $QUICK token split is in the blog post at this URL: https://quickswap-layer2.medium.com/should-quickswap-do-a-token-split-to-make-quick-more-appealing-to-investors-e739cf2cac98