#What is the Migration of Old QUICK to New QUICK?
The migration of Old QUICK tokens to New QUICK tokens has been formally approved by QuickSwap's DAO, providing a six-month period for conversion. This initiative began following a community vote on August 4, 2026, introducing a tiered conversion schedule that incentivizes early action. The final date to convert Old QUICK tokens is February 5, 2027, and as the deadline approaches, the benefits diminish significantly.
#What are the Conversion Rates for Old QUICK?
Holders of Old QUICK tokens must be aware of the tiered exchange rates structured to reward prompt exchanges. Initially, holders can convert Old QUICK to New QUICK at a full rate of 1:1,000 until November 4, 2026. After this date, the ratio declines to 1:750 and further narrows to 1:500 by December 5, 2026. The last drop occurs on January 5, 2027, when the ratio shrinks to 1:250. Once February 5, 2027 arrives, the opportunity to convert will end permanently. It is essential for holders to act quickly if they wish to maximize their conversion benefits. The current supply of Old QUICK is capped at 1 million tokens, which no longer carries any utility for governance or staking. In contrast, New QUICK consists of 1 billion tokens that contribute to governance and staking functionality, empowering holders to engage in revenue sharing through Snapshot voting.
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#Why is This Migration Necessary?
The migration stems from a decision made in 2022 by the QuickSwap community to redenominate the token supply, increasing it from 1 million to 1 billion. The existence of two token versions complicates governance and liquidity pools, thus consolidating to one token is vital for the platform’s upgrades and future enhancements. As a decentralized exchange operating primarily on the Polygon network, QuickSwap offers various trading services, liquidity provision, yield farming, and perpetuals across both Polygon and Base networks.
#How is the QuickSwap Community Driving Changes?
The QuickSwap community demonstrates its proactive engagement through various governance initiatives. Recently, a vote supported the burning of 20 million New QUICK tokens from community funds. Additionally, a proposal aims to migrate QuickSwap’s perpetuals platform to the Orbs Network infrastructure, showing the community's commitment to platform evolution.
#What Should Holders Know?
It is crucial for holders of Old QUICK tokens to understand that any tokens not converted by February 5, 2027 will have no utility or value. The community's recent burning of tokens aims to tighten the supply and foster a healthy development phase for QuickSwap, positioning it effectively for its next steps for growth and user engagement. Taking decisive action during this migration period is essential for maximizing the investment and being part of the platform's evolution.