QuickSwap: from November 4, one Old QUICK converts into 750 New QUICK instead of 1,000

Anyone holding Old QUICK from 2021 or 2022 in a wallet has until early November to get the full conversion ratio. From the fourth month of the agreed roadmap, one Old QUICK buys 750 New QUICK instead of 1,000, and the ratio keeps falling month by month after that. The QuickSwap DAO resolved to end the conversion on August 4, 2026, and letting the deadline pass means losing the difference for good. Around 84,105 Old QUICK are affected, still unconverted to this day.

The DAO vote of August 4, 2026: 95.9 percent for ending the conversion

Voting ran from July 28 to August 4, 2026, each at 11:00 UTC, on the governance platform Snapshot under the title “The Future Of The Old QUICK To New QUICK Conversion Process”. Two options were on the ballot: leave the conversion open indefinitely, or move it into a final six-month roadmap.

The result was decisive. “Close Conversion Process” drew 10,121,449.62 voting weights, “Keep Conversion Process” 430,475.86. Of 10,551,925.48 voting weights cast in total, that puts 95.9 percent behind ending the conversion. The proposal text and the full result are public.

The proposal frames the step as housekeeping. More than 91 percent of the original supply has already been converted, the ecosystem now runs almost entirely on New QUICK, and the old token version retains only “extremely limited utility”. As long as the conversion stays open, the DAO has to keep a matching amount of New QUICK permanently reserved, which blurs the calculation of maximum supply.

A second decision is still pending. Once the roadmap expires, a further vote is to settle what happens to the New QUICK reserved at that point. The proposal lists a burn, a transfer into the treasury or another community proposal as possible routes, but deliberately does not commit.

Old QUICK and New QUICK: two contract addresses, one name

The risk of mixing up the two is the real heart of this story. Both tokens are called QUICK, both belong to QuickSwap, and both trade on Polygon. They are nevertheless two different contracts, and only one of them is subject to the deadline.

Old QUICK carries the address 0x831753DD7087CaC61aB5644b308642cc1c33Dc13 on Polygon and 0x6c28AeF8977c9B773996d0e8376d2EE379446F2f on Ethereum. New QUICK carries 0xB5C064F955D8e7F38fE0460C556a72987494eE17 on Polygon and 0xd2ba23de8a19316a638dc1e7a9adda1d74233368 on Ethereum. QuickSwap lists these addresses on its own conversion page, which also carries a sentence that matters for holders on Ethereum: “For now, conversion is available only on Polygon.” The conversion therefore runs through Polygon, not through Ethereum.

The split goes back to a decision taken in 2022. The community then resolved to split QUICK at a ratio of 1:1,000 and to raise the maximum supply from one million to one billion tokens. A conversion contract went live shortly afterwards, letting holders swap their old tokens at the fixed ratio. That contract was deliberately left open with no end date, so exchanges, liquidity providers and private holders could follow at their own pace. It is precisely that open-ended status the DAO has now ended.

The roadmap in four steps: 1,000, then 750, then 500, then 250

The agreed roadmap runs for six months and is set out in the proposal without ambiguity. For the first three months the full ratio of 1:1,000 applies. It then falls in three steps, each worth 25 percentage points of the original rate: to 1:750 in the fourth month, 1:500 in the fifth, 1:250 in the sixth. After the sixth month the automatic conversion ends and the contract accepts no further old tokens.

The loss at each step cannot be recovered. Converting in the fourth month yields a quarter fewer New QUICK than converting in the third, for an identical holding. In the sixth month a quarter of the original amount is left. The resolution provides for no grace period.

Where the November 4 date comes from, and where it does not

Precision pays off here, because the sources split in two. The DAO proposal counts purely in months from the start of the roadmap and names not a single calendar date for the steps. The mechanics are there, the dates are not.

The calendar dates come from press coverage. Crypto Briefing converted the roadmap into dates on August 13, 2026 and gives November 4, 2026 as the end of the full ratio, December 5, 2026 for the 1:500 step, January 5, 2027 for 1:250 and February 5, 2027 as the close of the contract. The same dates follow arithmetically from the August 4 end of voting plus three, four, five and six months.

What we did not find is an announcement from QuickSwap itself carrying those dates. The project’s official conversion page still names no deadline and describes the process as though it remained open indefinitely. For holders, that means November 4 is a well-founded date but not an officially set one. Aiming for the last day adds a risk that acting earlier removes entirely.

What 84,105 Old QUICK are worth today

The proposal puts the unconverted remainder at around 84,105 Old QUICK, or roughly 8.4 percent of the original maximum supply of one million. That implies around 915,895 tokens have been converted. At the full ratio, the remaining holdings correspond to about 84.1 million New QUICK.

The money involved can be read off the prices in the deepest trading pairs on Polygon. At midday on Friday, New QUICK traded at around $0.0067. At the full ratio an Old QUICK is therefore worth about $6.75, and about $5.06 once the first reduction takes effect. The difference of roughly $1.69 per token is precisely the quarter the roadmap cuts away.

Extrapolated across all unconverted holdings, around $568,000 stands against around $426,000 after the first step. For the tokens in private wallets, which are what matter here, the figures are around $409,000 against around $307,000. A good $100,000 therefore hangs on whether the affected holders act in time.

The order of magnitude deserves to be named openly: this is not a seven-figure sum and not a market event. For the individual holder the calculation still looks different, because the loss is not a share of some total but a clean quarter of their own holding.

Who is affected: wallets, liquidity positions and the old Dragon’s Lair

The proposal breaks down where the remaining Old QUICK sit, and that split explains why some holders will probably never hear about the deadline.

• Around 60,577 Old QUICK sit in user wallets. That is by far the largest block, and the one nobody but the owner can move.
• Around 12,263 Old QUICK are tied up in liquidity positions. Investors there have to unwind the position before they can convert.
• Around 11,266 Old QUICK sit in the original Dragon’s Lair, QuickSwap’s old staking contract. That balance has to be withdrawn first as well.

For the latter two groups the route costs extra time and extra transactions. Unwinding a liquidity position takes Polygon gas and therefore a POL balance; our Polygon analysis covers how that token is developing. Starting the withdrawal in early November leaves only a few days for two or three consecutive steps.

The proposal itself concedes that part of the holdings belong to “inactive wallets, lost wallets or holders” unaware that the conversion contract is still available. That is exactly why the question of which token version a holding comes in matters more than any price consideration.

The Binance delisting and the DAO deadline hit two different token versions

A second process is running in the same weeks, and it is easily confused with the first. Binance announced on October 14, 2026 that it would remove QUICK from trading; the dates run from October 20 for futures and margin trading through October 28 for spot trading to December 28, 2026, until which withdrawals remain possible. Our report of October 14 on the Binance delisting of EPIC and QUICK sets out the individual deadlines.

What decides the matter is which token version trades there. Binance lists New QUICK. A balance on a Binance account therefore falls under the delisting, and the DAO deadline does not touch it. The reverse holds too: a 2021 holding in a self-custodied wallet falls under the conversion deadline and has nothing to do with the delisting.

Confusing the two leads to the wrong decision. A holder who withdraws a Binance position because of the delisting, believing that also settles the conversion deadline, leaves the old tokens sitting where they are. A holder who tries to send old tokens to an exchange will find no market for Old QUICK there.

We described how the trading pair on QuickSwap itself works back in 2021, in a guide to buying tokens on QuickSwap. That text predates the split and refers to the old token version; the interface has changed several times since.

How to convert Old QUICK into New QUICK

QuickSwap describes the route on its own conversion page. The wallet is connected to the interface, the amount is entered via the “Convert” button, and the transaction is confirmed in the wallet. New QUICK does not then appear automatically in the overview: the token has to be added by hand via its contract address, in most wallets through “Import tokens” or an equivalent button.

Three points decide whether the process runs smoothly. First, the holding has to sit on Polygon, because that is where the contract accepts old tokens, and so far only there. Second, the wallet needs a POL balance for the network fee, otherwise the transaction fails. Third, the holding has to be freely available; tokens in a liquidity position or in the old Dragon’s Lair are withdrawn first.

Which wallet software suits the job, and what to look for in custody and recovery, is covered in our comparison of software wallets. One ground rule applies whatever the provider: open the conversion interface via the project’s official address, never via a link from a message or a search ad slot.

The market price of Old QUICK sits above its conversion value

One observation belongs here, and it is explicitly not a recommendation. Old QUICK traded at around $11.82 in the deepest Polygon pair at midday on Friday, roughly 75 percent above the conversion value of about $6.75 that the same token yields through the contract.

That gap should be read with care. Liquidity in the Old QUICK market added up to around $280,000 across all pairs at the same moment, and to around $103,000 in the deepest single pair. In a market that thin a price is a blurry figure: even a mid-sized order moves it noticeably, and a sale at the quoted price works only for small amounts. Neither a price statement nor a trading idea can be derived from that gap.

Only the sober part stands: alongside the conversion contract there is still a market for Old QUICK, and that market currently values the old token higher than the contract does. Both routes can change, the contract along the known roadmap, the market at any time.

Tax in Germany: a conversion is not a neutral event

The tax authorities treat the exchange of one crypto asset for another as a disposal of the one and an acquisition of the other. If the event falls inside the one-year holding period under section 23 of the German Income Tax Act, a taxable gain or loss arises, and a new period starts for the token received. We set out the basics in our article on the taxation of token swaps.

Whether a reissue like this one even counts as an exchange in that sense cannot be answered across the board. It is the same token of the same project in a new denomination, and whether the tax authorities see a disposal in that or the continuation of the same asset is, for this specific case, settled neither by a Federal Ministry of Finance circular nor by any case law available to us. For holdings from 2021 the one-year period will long since have expired anyway, which defuses the question for many holders.

Documentation is what counts most in practice. Record the date, amount and ratio of the conversion, together with the transaction hash on Polygon. For holders who have their transactions recorded on an ongoing basis, the providers are in our comparison of crypto tax tools. For larger holdings or an unclear paper trail, a tax adviser is a shorter route than a reading of your own.

We described a comparable case in September: when MKR was converted into SKY, the conversion value also fell in steps once a deadline passed, there via a penalty fee on the conversion. The pattern repeats: projects wind down old token versions, and the latecomer pays.

Our assessment: the deadline weighs more than the sum

From the newsroom’s point of view this is not a market story, but for those affected it is a clear-cut case. The proposal’s own numbers make the argument: the loss is exactly 25 percent per step, it now touches only around 60,577 tokens in private wallets, and a single transaction removes it entirely. A risk taken on for the length of one click bears no relation to the return on waiting, which is zero.

Against that stands an uncertainty we will not hide: the calendar date comes from press coverage and from arithmetic, not from an announcement by the project. Should QuickSwap start the roadmap later than the day voting closed, the first step would shift back. That uncertainty argues for acting early rather than late, though, because converting too early costs nothing and converting too late costs a quarter.

We make no statement on whether holding New QUICK is worthwhile. The conversion is an administrative act on an existing holding, not an investment decision. Like any crypto asset, New QUICK can lose substantial value, up to total loss.

Old QUICK: the conversion contract closes after February 5, 2027

1. Identify the token version. Check in your wallet or in a block explorer which contract address your QUICK carries. Only 0x831753DD… on Polygon and 0x6c28AeF8… on Ethereum are Old QUICK. Tools that show holdings across several networks are in our comparison of analytics platforms.
2. Free up the holding and convert. Unwind liquidity positions, withdraw balances from the old Dragon’s Lair, keep POL ready for the network fee, then convert through the official interface. Our comparison of software wallets shows which wallet is up to the job.
3. Treat Binance holdings separately. A QUICK balance on Binance is New QUICK and falls under the delisting, not under the conversion deadline. Our comparison of crypto exchanges shows where New QUICK can be traded after the delisting.

(As of October 16, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)