What is the difference between old and new QuickSwap?

QuickSwap, a leading decentralized exchange on the Polygon Network, underwent a significant transformation in 2022 with the introduction of a token split. This event marked the transition from the existing version of its native token, $QUICK (OLD), to a new and redenominated token, New $QUICK.

The token split was a strategic move by the QuickSwap team to adjust the token's supply and potentially enhance its value proposition. The split occurred at a ratio of 1:1000, meaning that for every 1,000 units of $QUICK (OLD), holders received 1 unit of New $QUICK.

The redenomination was intended to streamline the token's economics and potentially make it more attractive to investors and traders. By reducing the total supply, the team aimed to increase the perceived scarcity of the token, which could, in turn, drive up its price.

The implementation of the token split required careful planning and execution to ensure a smooth transition for all users. The QuickSwap team communicated the details of the split well in advance, providing users with clear instructions on how to handle their tokens during and after the redenomination.

As a top cryptocurrency exchange, BTCC offers a range of services that cater to the diverse needs of the crypto community. Among these services are spot trading, futures trading, and cryptocurrency wallets. Spot trading allows users to buy and sell cryptocurrencies at the current market price, while futures trading offers the opportunity to speculate on future price movements.