QuickSwap Continues Token Buyback Program with 3.2M QUICK Purchased
QuickSwap Continues Token Buyback Program with 3.2M QUICK Purchased
š QUICK Buyback Spree
QuickSwap bought back 3.2+ million $QUICK tokens over the past week, representing 0.32% of total supply.
This continues the DEX's consistent buyback strategy that has been running for months:
- Previous week: 2.4M tokens (0.24% of supply)
- Two weeks ago: 2.7M tokens (0.272% of supply)
- Early November: 4.78M tokens (0.478% of supply)
Token allocation typically goes toward:
- Farm rewards
- Protocol Owned Liquidity (PoL)
- Token burns
The buybacks are part of QuickSwap's broader tokenomics strategy, with 5.5% of total supply already burned as of October. The protocol has purchased over 13.5M QUICK tokens worth ~$328,880 in recent months.
More buybacks are planned according to the announcement.
2,720,000 $QUICK tokens were bought back this week. Big buybacks keep coming, this time totaling 0.272% of the token supply.
2.4+ million $QUICK tokens were bought back last week š«° That's 0.24% of the entire token supply ā let the big buybacks continue.
2,720,000 $QUICK tokens were bought back this week. Big buybacks keep coming, this time totaling 0.272% of the token supply.
BREAKING: 2.53 million $QUICK tokens were bought back over the past 3 days š° The allocation of these tokens was spread across: ā¢ Farm rewards ā¢ PoL (Protocol Owned Liquidity) ā¢ Burns
2.49 million $QUICK tokens were bought back over the last 4 days š² ā¢ 0.25% of total supply ā¢ 0.34% of circulating supply These tokens were allocated across sustainable farm rewards, Protocol Owned Liquidity, and burns.
3.5+ million $QUICK bought back in the last 4 days. 0.35% of the token supply. More big buybacks, and we're just getting started...
BREAKING: 2.53 million $QUICK tokens were bought back over the past 3 days š° The allocation of these tokens was spread across: ā¢ Farm rewards ā¢ PoL (Protocol Owned Liquidity) ā¢ Burns
Update: 3,670,000 $QUICK were bought back in the last 4 days š² That's 0.367% of the token supply... and more buybacks are coming.
5.6+ million $QUICK tokens were bought back over the last week š° The massive buybacks continue, this time amounting to over 0.56% of the entire token supply, going towards: ā¢ Farm rewards ā¢ PoL (Protocol Owned Liquidity) ā¢ Burns
Did someone say more buybacks? š² 3.2+ million $QUICK tokens were bought back over the last 7 days. 0.32% of the total supply scooped up, and more to come.
2.4+ million $QUICK tokens were bought back last week š«° That's 0.24% of the entire token supply ā let the big buybacks continue.
5.6+ million $QUICK tokens were bought back over the last week š° The massive buybacks continue, this time amounting to over 0.56% of the entire token supply, going towards: ā¢ Farm rewards ā¢ PoL (Protocol Owned Liquidity) ā¢ Burns
4,780,000+ $QUICK were bought back over the past 7 days š° Equaling 0.478% of the entire token supply. The huge buyback trend continues.
Update: 3,670,000 $QUICK were bought back in the last 4 days š² That's 0.367% of the token supply... and more buybacks are coming.
Another (hot) milestone: 5.50% of the total $QUICK supply has been burned š„š„ Over the past month, QuickSwap has also purchased 13.5 million QUICK, totaling ~$328,880. These tokens were used for burns, farm rewards, or added to token holder revenue. More to come...
āļø QuickSwap Week 5 Perps
**QuickSwap's Week 5 perpetuals trading competition** is now active on Base, running until December 3 at 10:00 PM UTC. **Key Details:** - Point-based system where **1 point = 1 $QUICK token** - Rewards distributed proportionally based on trading volume share - Leveraged trades count toward total volume (e.g., $10 with 10x leverage = $100 volume) **How It Works:** Points = (Your 7-day volume Ć· Total 7-day volume) Ć Total points pool *Note: Total reward amount still to be confirmed* Trade on [qperps.exchange](https://qperps.exchange) to participate.
QuickSwap Considers AI Integration Through SphereOne Partnership
QuickSwap has opened discussions for a new governance proposal to integrate AI agents through SphereOne technology. This marks the DEX's second major AI-related governance proposal, following their earlier Community Currency Bot initiative. Key points: - Proposal aims to enhance DEX functionality with AI capabilities - Integration would be implemented through SphereOne's technology - Community voting and discussion phase now active The proposal is currently in its discussion phase, with community members invited to share their perspectives on the potential integration. This follows QuickSwap's pattern of community-driven decision making for major platform updates.
QuickSwap Token Burn Update - November 2024
QuickSwap's ongoing Trial of Fire initiative has reached a significant milestone in its token burning program: - Total of **5,310,829 QUICK tokens** burned since October 1, 2024 - Tokens were bought back using protocol revenue - Represents continued execution of deflationary tokenomics This follows the October update which reported 1.5M tokens burned, showing accelerated burning activity through November.
QuickSwap Community Approves BitTorrent Chain Deployment
QuickSwap's community has voted in favor of deploying on the BitTorrent Chain (BTTC). This decision marks the beginning of an official collaboration between QuickSwap and BitTorrent. Key points: - Voting concluded on October 10, 2024, at 8:30 AM UTC - Chain deployment is expected to commence soon - This move is part of QuickSwap's expansion strategy The integration with BitTorrent Chain represents Phase 1 of the partnership. QuickSwap is encouraging community speculation on what Phase 2 might entail. For those interested in tracking $QUICK token burns, a link to the Polygonscan contract is available.