The wait is finally over! QuickSwap has officially launched Version 3 on Dogechain. From now on, users can enjoy all the benefits of QuickSwap with even more convenience and security.
With this launch, QuickSwap becomes the first decentralized exchange on Dogecoin. As such, it provides a much-needed service to the growing Dogecoin community.
QuickSwap is a non-custodial exchange, which means that users retain full control of their funds at all times. This is in contrast to centralized exchanges, where users must entrust their funds to the exchange.
Do you know that Quickswap is one of the most popular decentralized exchange (DEX) built on Ethereum. And it is also launching V3 on Dogechain. The new version brings a number of improvements, including:
- Support for ERC20 and Dogechain tokens
- A revamped user interface
- Improved security
- Faster transaction times.
What is Dogechain?
Dogechain is a new blockchain hashed from Polygon with the principal goal of enhancing the utility of DOGE, crypto’s original meme coin.
According to its website, Dogechain aims to “deliver crypto applications like NFTs, gaming, and Defi to the $Dogecoin people group.”
Dogechain is built on Polygon Edge, a unique, ready-to-use blockchain technology that is compatible with Ethereum. Owners of Dogecoin, which operates on its proof-of-work blockchain, may link their cryptocurrency to Dogechain to receive an equivalent amount of wrapped tokens that can be used in Defi and other apps.
Dogechain is not a real layer-2 network because it is not built on Dogecoin. Instead, it’s a distinct network based on Polygon Edge, the most popular Ethereum sidechain’s own blockchain software. It’s also compatible with the Ethereum Virtual Machine, which means it can run Ethereum-specific apps and games.
What is QuickSwap?
QuickSwap is a decentralized exchange built on the Ethereum network that allows for quick and easy trading of ERC20 tokens. It is powered by the 0x protocol and uses smart contracts to facilitate trades. QuickSwap is one of the first DEXes to launch on the Polygon network.
One of the main advantages of QuickSwap is that it allows users to trade directly from their wallet, without having to deposit their tokens into an exchange. This makes QuickSwap a very convenient and user-friendly option for those looking to trade ERC20 tokens.
Why use QuickSwap?
QuickSwap offers several advantages over traditional centralized exchanges, such as:
- Decentralization: meaning that there is no single point of control or failure. This also makes QuickSwap more resistant to hacks and other malicious attacks.
- Enhanced security: It has a well-oraganised defense mechanism against potential threats. Therefore your funds are secured.
- Improved liquidity: QuickSwap uses an innovative trading protocol that improves liquidity and makes it easier to buy and sell tokens.
- Lower fees: QuickSwap charges much lower fees than traditional exchanges, making it more economical to use.
- Trade your ERC20 tokens directly with anyone in the world, without having to go through a centralized exchange.
Why launch QuickSwap on Dogechain?
QuickSwap is a decentralized exchange built on the Ethereum network. It allows for fast, safe, and easy trading of ERC20 tokens. By launching QuickSwap on Dogechain, we are giving users the ability to trade their ERC20 tokens with anyone in the world, without having to go through a centralized exchange. This will allow for more efficient and secure trading of ERC20 tokens.
The team is excited to launch QuickSwap on Dogechain because it’s a community-driven project with a lot of potential. Dogechain is also a fast and efficient blockchain that is perfect for Quickswap. With QuickSwap, users will be able to swap wDOGE for other cryptocurrencies quickly and easily.
This will allow users to access a wider range of cryptocurrency options and take advantage of the many benefits that QuickSwap has to offer. The team believes that launching QuickSwap on Dogechain will be a major step forward for the project and they are confident that the community will support them in this endeavor. Hopefully, this journey will help QuickSwap become the best it can be!
What are the benefits of using QuickSwap on Dogechain?
There are many benefits that come with launching QuickSwap V3 on Dogechain, such as
- More QUICK buybacks for distribution to the Dragon’s Lair result from increased volume from a young chain.
- A new token represents a higher APY for QUICK investors.
- Acquiring Dogechain’s enthusiastic meme coin community means more long-term support for QuickSwap — and Polygon.
- Launching the V3 on Dogechain sooner will allow QuickSwap’s existing community to experiment with V3 before it goes live on Polygon.
What are the risks of using QuickSwap on Dogechain?
Though there are many benefits of launching V3 on Dogecoin, also bear in mind that whatever has an advantage has its disadvantages.
There are some risks associated with using QuickSwap on Dogechain, such as:
- The possibility of loss of funds, as QuickSwap is still in its beta phase.
- The possibility of bugs and errors, as QuickSwap is still in its beta phase.
- The possibility of hacks and thefts, as QuickSwap is a decentralized exchange.
However, Quickswap team have put in place multiple security measures to minimize these risks.
How do I start using QuickSwap V3 on Dogechain?
The first thing you need to do is create a QuickSwap V3 contract on Dogechain. You can do this by going to the QuickSwap V3 page on Dogechain and clicking on the “Create Contract” button.
Once you have created your contract, you will need to deposit some DOGBTC into it. You can do this by sending DOGBTC from your Dogecoin wallet to the address of your QuickSwap V3 contract.
Once you have deposited DOGBTC into your contract, you can start swapping it for other assets on QuickSwap. To do this, simply go to the “Pool” page on QuickSwap and select the asset you want to swap for DOGBTC. Then, click on the “Swap” button and enter the amount of DOGBTC you want to swap.
That’s it! You’re now ready to use QuickSwap V3 on Dogechain.
So, what is dogechain? Dogechain is a decentralized platform that allows for quick and easy swaps of cryptocurrencies. What does this mean for you and your business? It means faster transactions with minimal risk.
Quickswap eliminates the need to send funds to an exchange and wait for them to be processed — instead, you can swap currencies in just a few seconds, directly from your wallet. This makes dogechain an ideal platform for businesses who want to take advantage of the benefits of cryptocurrency without having to worry about slow transaction speeds or security risks.