Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»QuickSwap’s Friendly Fork Model Takes Off with SparkDEX. What This Means for You
ALTCOIN NEWS

QuickSwap’s Friendly Fork Model Takes Off with SparkDEX. What This Means for You

By Crypto FlexsJuly 23, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
QuickSwap’s Friendly Fork Model Takes Off with SparkDEX. What This Means for You
Share
Facebook Twitter LinkedIn Pinterest Email
  • QuickSwap is expanding its scope of services with a new scalability model.
  • In the first expansion pack, QuickSwap gained a portal to Flare.
  • The extension model promises functional and financial benefits to users.

Expansion can happen in a number of ways in a business, such as opening a new store or launching a new product. Regardless of the method used, the goal is usually the same: to reach new customers while generating more revenue for the business.

Scaling is a natural progression for any business, but it can be difficult for Web3 businesses. Scaling can sometimes lead to losing key customers due to tribal tendencies. However, QuickSwap, a leading Polygon DeFi hub, appears to be changing the narrative.

In September 2023, the team expanded from Polygon to Cosmos via Kinetix Finance. QuickSwap expanded to data-centric EVM-compatible Layer 1 Flare as part of a new scaling model that promises significant benefits to community members.

QuickSwap’s Friendly Forks model is here.

QuickSwap aims to expand its influence with a “friendly fork model.”

Unveiled on July 10, the model creates a system where projects on other chains can fork QuickSwap’s code and benefit from QuickSwap’s experience, connections, and community in exchange for providing certain concessions to QuickSwap users.

QuickSwap’s friendly fork model, which received overwhelming support for the initiative in a community vote, has now gone live with the launch of SparkDEX on Flare, opening a portal between the leading Polygon decentralized exchange and the $870 million EVM-compatible ecosystem.

In a July 12 statement, SparkDEX, which is billed as the first QuickSwap-friendly fork, combines QuickSwap’s technology with Flare’s data oracle protocol to provide users with a seamless and secure automated market maker (AMM) and perpetual exchange trading experience, free of first-mover and false liquidation exploits. SparkDEX also said users will be able to trade digital assets, commodities, and forex with up to 100x leverage.

What the SparkDEX Flare Launch Means for QuickSwap Users

Like Kinetix, which allocated tokens for QuickSwap users, SparkDEX has also committed to allocating 2% of its token supply to QuickSwap. These tokens have not yet been launched and details on how they will be distributed have not been released, but QuickSwap has stated that 50% of the allocation will be used to reward QUICK stakers, while the remaining 50% will go to the QuickSwap Foundation.

In addition to the short-term financial incentive, QuickSwap said it expects the community interaction with SparkDEX to enhance the growth and liquidity of both exchanges, which will benefit users by providing a fast and seamless trading experience.

On the other side

  • SparkDEX tokens have not yet been launched.
  • sugar Defi Rama data At the time of writing, SparkDEX’s TVL was just $165,000.

Why this matters

The QuickSwap friendly fork model allows QuickSwap users and QUICK holders to receive token allocations from multiple projects, making it more attractive for people to interact with the exchange and hold QUICK. This increases trading volume on the exchange, which in turn increases demand for QUICK, which can drive the price higher.

For more information about QuickSwap, read:
How QuickSwap’s Falkor Revolutionizes Perps Trading on Polygon

Find out why the next 10 years could be tough for Peter Schiff.
Bitcoin Soars Against Gold: A ‘Brutal’ Decade for Peter Schiff?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025
Add A Comment

Comments are closed.

Recent Posts

BTCC Exchange Partners With NBA All-Star Jaren Jackson Jr. To Inspire Smarter Moves In Sports And Crypto

September 24, 2025

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025

Ether Leeum World Fair Announcement

September 24, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BTCC Exchange Partners With NBA All-Star Jaren Jackson Jr. To Inspire Smarter Moves In Sports And Crypto

September 24, 2025

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025
Most Popular

Dogecoin (DOGE) and Shiba Inu (SHIB) holders dominate the odds of winning the $888,000 prize.

March 6, 2024

Announcing $1,000,000 in Creator and Community Member Grants and Bybit IDO – Blockchain News, Opinion, TV and Careers

May 4, 2024

At Davos, Crypto is driving the case for decentralized AI.

January 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.