QuickSwap

QuickSwap launched in October 2020 through a fair launch – where the vast majority of the tokens were reserved for the community, not the founders or private investors. The team received 3.25% of the initial supply of 1 million QUICK tokens; the community will receive the rest over time. Crypto data provider Messari says this will take about four years. However, since the distribution rate depends on the liquidity users provide to the platform, it is “difficult to generate a reliable supply curve to track the distribution,” according to Messari.

The token rose to $565 after launch, then sank to below $200 until the following spring. Then, in under a week at the end of April 2021, just as bitcoin (BTC) closed in on its all-time high, QUICK rose from $150 to an all-time high of $1,669 on April 30. At the time, that amounted to a market capitalization of $230 million.

QUICK’s price has not risen to such highs since, although due to fluctuations in its circulating supply, its market capitalization peaked at $243.55 million toward the end of August 2021. Both QUICK’s price and market cap faltered as the token limped into 2022.

To kickstart the launch of the network, QuickSwap airdropped 5% of the token supply to holders of Uniswap’s UNI – similar to the launch of SushiSwap, which incentivized Uniswap’s liquidity providers (LP) to jump ship by offering them free UNI.

Ninety percent of the supply of QUICK is allocated to liquidity providers, distributed in the four years after the launch of QuickSwap, although the rate of issuance depends on the total amount of crypto locked up within QuickSwap’s liquidity pools.