Binance Lists QuickSwap QUICK Token And Launches Trading

Binance Lists QuickSwap QUICK Token And Launches Trading

The Binance exchange has listed the QuickSwap QUICK token in the Innovation Zone section of the platform, launching trading and making withdrawals open for users.

The QUICK token was listed on Binance and opened for trading in the QUICK/BNB, QUICK/BTC and QUICK/BUSD trading pairs starting from 08:00 AM (UTC) on July 23 rd , 2021.

Users of Binance can now deposit their QUICK and start trading immediately with withdrawals of the tokens launched a day after listing. The withdrawal page of the exchange contains actual data on the availability of withdrawals, subject to user locations.

Key metrics for QUICK at the time of writing indicate that it is trading at $339.84 per token with a market cap of $54,549,086, a TVL of $1,111,602,339, and a circulating supply of 159,753.00 QUICK tokens at a max and total supply of 1,000,000 tokens.

The Innovation Zone is a dedicated trading area on the Binance exchange, where users are offered new and innovative tokens. All users willing to partake in trading of higher-risk Innovative Zone listed assets are required to agree with the Binance Terms of Use and complete a questionnaire as part of the Initial Disclaimer. Such measures are required to safeguard users from trading highly volatile assets with short market histories, or new and innovative cryptocurrencies listed recently. The exchange takes exhaustive measures to protect its users from risk and provides numerous cautionary notes and educational materials to prepare traders for real-life scenarios possible during open market operations.

The QUICK token is the native asset of QuickSwap – a fork of the Uniswap exchange deployed on the Polygon network – formerly known as the Matic Network. QuickSwap leverages the low transaction fees of the Polygon Network and enables users to trade any ERC-20 asset at fast speeds with near-zero gas costs. One of the important attributes of the QUICK token is that it can be staked in exchange for staking rewards both on the network and in liquidity pools. Users can also use their QUICK tokens for gaining voting power to participate in DAO governance of the project.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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