Everything You Need to Know About Quickswap Clone Tactics That Can Help Your Business Grow

Decentralization is at the peak of its success right now, making its best out of blockchain technology. A maximum number of applications that you use on a daily basis are built on blockchain technology. It is the finest proof that people depend on decentralization more and place a great deal of trust on decentralized applications. This statement brings us to the topic of a decentralized exchange, like Quickswap. We all might have surely been in a place where any process, for that matter, would have taken more time and cost than normal just because of the involvement of a third party. Whether it is a romantic or financial relationship, letting in a third person will only end in vain.

Besides, you also owe the third party some allowance for their intervention. This allowance might not be a big deal for people who do not carry out transactions regularly and on a large scale. Imagine having thousands of transactions happening simultaneously, and an intermediary keeps taking a specific amount of money on every transaction. Well, that is a huge amount of money that goes into someone else’s pocket. Apart from reduced money, you now have the question of safety. 

Are your transactions happening safely when a middleman is involved? The answer is absolutely no. This question is why applications began adapting to decentralization.

A quick look at the Decentralized Exchange

Knowing what a decentralized exchange is, is important before we learn anything about a QuickSwap clone. A decentralized Exchange is a trading ground for person-to-person transactions. These exchanges cut down the intervention of anyone other than the buyer and seller by transferring tokens directly to the other person’s wallet. DEX (Decentralized EXchange) is normally cheaper than a centralized exchange as it cuts down any cost that an intermediary party would demand. Besides, the safety it offers is unmatchable. You do not need a bank or any sort of authority to initiate your transactions. Nobody holds your data, and hence you get to be the person in charge of all of your transactions.

What is QuickSwap?

QuickSwap is a decentralized exchange application that runs on the Ethereum blockchain. We all know that the Ethereum blockchain is the best in its area. It has multiple appealing features that ensure quality and safety. QuickSwap, though it is built on Ethereum, is powered by its secondary protocol, the Polygon network. The cost-efficiency and swiftness of this platform make it extremely popular. QuickSwap can be used for startups, businesses, and even entrepreneurs. It is suitable for anyone who wishes to hoist their flag in the Everest of decentralized finance. 

How does QuickSwap stand out?

QuickSwap stands out from other DEX as a few of its features promise high performance and higher quality. Those features make QuickSwap, not just unique but also popular and reliable. They are as follows.

Listing Without Permission

Listing on QuickSwap does not require any permission. Anyone who can produce the liquidity for a trading pair can list any ERC20 token. 

Transactions on Layer 2

All the transactions on QuickSwap are carried over by the layer two protocol of Ethereum, the Polygon network. It indicates that the transactions are super-quick, hassle-free, and cost-efficient. 

Providing Liquidity

Liquidity mining is one of the features that make QuickSwap an outstanding DEX. Giving liquidity to trading pools and rewarding them with quick tokens encourages the contribution of liquidity from the market’s end.

Yield Farming

QuickSwap charges a 0.3% gas fee on every transaction. The affordability attracts clients across the globe. It is one of the main reasons why this platform could be the best choice for startups.

Community Governance

QuickSwap is a platform that believes in community governance. If you are a quick token owner, you get the whole ownership of the governance process of this platform. 

How do I create a decentralized exchange like QuickSwap?

Before we go to the ‘How’ part of the question, we need to sort out the ‘why’s’ that might linger in your mind. 

Creating a DEX like QuickSwap is a safe step towards successful entrepreneurship. Since decentralization has earned the trust of today’s world, an investment in making the best version of it would only lead to a profitable venture. Besides, the demand for platforms without centralization or intervention keeps increasing as people do not appreciate a mediator in their business and transactions. Now let us jump right to the ‘How’ part. 

Creating a Decentralized Exchange from scratch can be extremely time-consuming and, of course, expensive. The development process of this platform, from listing out your requirements to analyzing the features you wish to offer and finding expert software development teams for the front-end and back-end set up, would demand you to spend a whole lot of your time, money, and other resources. Listing down the development process itself takes a lot of your time. 

However, you could always rely on white-label solutions to get your prebuilt QuickSwap clone script. A prebuilt app clone script is basically a raw coded script that you could devise to develop the software. 

QuickSwap clone provides you with all the top-notch features of QuickSwap and also lets you customize the platform according to your needs and expectations. While customizing your DEX from the basics can be strenuous and challenging, making a few changes in your QuickSwap clone script would save you so much time and energy. Trusting a potential white-label solution provider can help you ease the whole process in so many aspects. It also ensures you the best quality you could ever expect. 

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Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.