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Quant(QNT)

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$121.029
(-0.33%)
0.00730280 BTC
Market Cap (Rank#31)
$1,461,147,243
88,165 BTC
Vol 24h
$18,592,607
1,122 BTC
Circulating Supply
12,072,738
Max Supply
14,612,493
1 day agocryptosrus
$165,000,000 in Bitcoin Linked to Mt. Gox Suddenly Moves As Quant Analyst Issues Warning
The co-founder and chief executive of on-chain data analytics firm CryptoQuant is revealing that a stash of seven-year-old Bitcoin (BTC) linked to the hacking of the Mt. Gox exchange in 2014 is on the move. CryptoQuant CEO Ki Young Ju says that 10,000 Bitcoin from the wallet of now-defunct crypto exchange BTC-e were allegedly moved […] The post $165,000,000 in Bitcoin Linked to Mt. Gox Suddenly Moves As Quant Analyst Issues Warning appeared first on CryptosRus.
2 days agocryptodaily
VIDT DAO enables instant verification technology for all
NFT time stamping and verification technology is throwing up use case after use case as individuals and businesses become aware of the boundless possibilities. The VIDT DAO technology A leader in the field of timestamping and authentication verification is VIDT DAO. This project has been using its own backed NFT and timestamping technology to verify the data and physical items of a wide range of clients. From masterpieces of art, to oil documentation, to luxury timepieces, the VIDT DAO technology is providing verification solutions for many business sectors. In fact, the total addressable market for this technology is in the hundreds of billions of dollars. It’s for this reason that the original VIDT team decided to make the project into a DAO and open source the technology to anyone. Use case example The luxury watch market is one such use case. This market has historically been one for the more mature person. Time pieces such as Rolex have been sought after, not just for their beauty and collectibility, but as status symbols that exude good taste and success. The luxury watch industry is now beginning to appeal to Gen-Z, and younger people are demanding, and are more comfortable with, cutting edge technology. Source: 11-fifteen.com 11:15 is an online watch store that is targeting Gen-Z digital natives for its exclusive collection of curated vintage Rolex grails. Rachel, the creative director at the store, understands her target market: “Watch collectors are getting younger by the day, and we have to do a better job of communicating to a wider extent about artistry, the watchmakers, the limited quantities and the fact that everything is done by hand. 11:15 has done its research on Web3 blockchain technology and has embedded the VIDT DAO validation technology into its online platform. This enables those that purchase any of the watches a means of proving ownership and of verifying the authenticity of their timepiece. How the technology is used How this works is that first experts at 11:15 check and confirm the authenticity of the watch. Then a certificate of authenticity is issued, which contains detailed descriptions of the piece together with macro photographs. A hash (digital fingerprint) of the certificate is then anchored to several blockchains. Source: 11-fifteen.com When the watch is purchased, it comes with the corresponding certificate. This enables the owner, or indeed anyone, to verify the certificate in a matter of seconds, just by using an internet browser. The future for VIDT DAO technology By making its technology open to anyone, the VIDT DAO has ensured that there will be no limit on the future use cases for the verification of just about anything, whether it be data or just about any physical item. Proving the undisputed ownership of a luxury timepiece addresses a market that is expected to be worth $9.3 billion by 2025. This is just a segment of the luxury goods market worldwide. Many other luxury goods are still waiting to be exploited by this technology. With its fully functioning DAO making decisions on business, marketing and technical developments, the VIDT verification technology is open sourced to be used and built upon. Those wishing to do so should visit the following links: VIDT DAO Website: https://www.vidt-dao.com/ VIDT DAO Awareness Team: Twitter.com/VIDT_Datalink VIDT DAO Snapshot space: snapshot.org/#/vidt-dao.eth Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
6 days agocointelegraph
TON, TWT, CHZ and QNT breakout amid traders’ crypto contagion fears
Bitcoin price is stuck in a tight range, but TON, CHZ, QNT and TWT caught a bid in the past week.
11 days agocryptodaily
AIBC Europe Summit Kicks Off With Highlight Full Agenda
Saint Julian's, Malta, 15th November, 2022, ChainwireThis November, the AIBC Europe Summit is returning to shake Malta awake from its Autumn-blues stupor. Prioritising quality over quantity, special care has been taken to ensure delegates get the biggest bang for their buck; from premier networking opportunities to KOL-led panels and keynotes and maximised visibility for all startups. Read on for the top highlights you don’t want to miss at Malta Week 2022’s AIBC Summit. The agenda A lot of effort went into crafting the event’s agenda. It has been calibrated to be as strategic yet smooth as possible. Day 1 will be kicked-off by the VNTR Capital Breakfast, where delegates will get the opportunity to connect and discuss the latest tech trends with active Venture Capital investors, business angels, and HNWI. The conference of the day is set to start early and is packed with key insights on the recent 2022/2023 bear and bull market trends. Top VCs will then take over from 10:40 onwards to cover the best market and investment strategies. The AIBC Startup Pitch will immediately follow, ensuring maximum visibility from VCs for the up-and-coming entrepreneurs. Conferences will be taking place across two stages on both days and have been structured to cover a wide variety of topics at any given time. From Crypto and Blockchain technologies to GameFi and Web3 education, delegates stand to benefit from keynotes and panels featuring the brightest minds of the industry. The AIBC Europe Pitch More than just keynotes and panels, the AIBC Summit is about visualising and building an exciting future for innovative tech. SiGMA Group is all about honouring the vision, grit and determination required to level up any company from a localised idea to a worldwide phenomenon. It does this by providing startups with the stage to showcase their exciting ideas, ensuring maximum visibility from high priority investors. We sent out the call and over a 100 startups answered, now set to benefit from a highly coveted spot at the AIBC Summit grounds! The top startups will also get to compete on the stage in front of a panel of judges, handpicked to ensure top quality and a diversity of backgrounds and expertise. The judges panel comprises Scott Stornetta, Marianna Tavella, Efrem Borg, Johan Zammit, David Orban and Saeed Aldarmaki, converging decades of expertise in Crypto, Blockchain, BizDev, and regulation. Our best pitch competitors include Arena Games, Farcana, Encore Fans and Nanit Robot, covering innovation in SocialFi, GameFi, EdTech, robotics, Crypto, Blockchain and Web3 infrastructure. AIBC Startup Pitch | AIBC UAE 2022 Join us: 14 – 18 November for Malta Week One of the first European countries to regulate the gaming sector, Malta is a hub of global business. The island is an obvious choice for AIBC’s presence in Europe and a strong foundation for the field’s future. With a plethora of prospects for both investors and entrepreneurs looking to shape the future of this multi-billion-dollar business, Malta Week will bring together industry giants among the affiliates, operators, and suppliers of the gaming sector. What's New For Emerging Tech? | Europe 2022ContactAIBC [email protected]
12 days agocryptodaily
Presale Reviews: Big Eyes (BIG) Flasko (FLSK), And Orbeon Protocol (ORBN)
Big Eyes is taking on the cryptocurrency market, becoming a cat-inspired meme coin. Flasko is letting people invest in vintage alcohol via NFTs. Orbeon Protocol is providing a new approach to investing in startups. Analysts expect the Orbeon Protocol token to rally in the first presale phase by up to 6000%. Investors are wondering which one of these market newcomers will take the dominant position in the market. >>BUY ORBEON TOKENS HERE<< Big Eyes (BIG), the cat-inspired meme coin Big Eyes is a new meme coin on the market, and while it may not be the first meme coin ever developed, it offers a distinct perspective on meme coins. While many meme coins have dog or monkey/ape themes, Big Eyes has taken a different approach and adopted a cat motif. Big Eyes distinguishes itself from other meme coins and initiatives by embracing a cat's adorable and friendly personality, whilst also including some unique features as part of its backend. The cat-inspired Big Eyes coin is trying to take on its most significant competitor DogeCoin, as it is similarly a meme coin centered around animals. Big Eyes operates on the Ethereum blockchain and exchanges cryptocurrencies using the ERC-20 standard. The token's presale began in the third quarter of 2022. Big Eyes aims to generate wealth and form a community dedicated to ocean conservation; 5% of its total supply of Big Eyes coins will be placed in a transparent charity wallet. Flasko (FLSK) lets people invest in vintage whiskeys, wines, and champagnes Flasko is a platform for alternative investments that allows customers to invest in vintage whiskeys, wines, and champagnes. Flasko has frozen its liquid assets for 33 years since it intends to exist for a long period. Users of Flasko can invest in and sell entire or partial NFTs backed by rare, high-end whiskeys, wines, and champagnes. Those who choose full Flasko NFTs can have the physical asset delivered to their desired location. Flasko will offer 35% of the entire quantity of one billion FLSK tokens for presale. In addition, Flasko will list 12.5% of the supply on exchanges, 17.5% will be kept for marketing, and 14% will be allocated to the development team. Flasko will give 15% of the total supply to Protocol community investments, 5% to the platform's partnerships, and 0.5% to unnamed charities. Orbeon Protocol is providing much-needed access to the venture capital market Orbeon Protocol helps startups raise funds more efficiently than traditional crowdfunding methods. With the platform's help, businesses can boost their visibility and connect with potential investors, which also increases community engagement and helps to sustain the company long-term. Orbeon Protocol functions as a blockchain-based investment platform, which mints fractionalized NFTs of these startup investment opportunities, and anyone can purchase the NFTs for as low as $1. This level of accessibility is a huge advantage for everyday investors, as they can now access the venture capital industry in a way that has never been done before. The crowdfunding market can be risky, as the businesses investors contribute to may fail to reach their financial targets and ultimately collapse. Orbeon offers a "Fill or Kill" mechanism, which returns the investor's funds if the company fails to achieve its funding objective. The ORBN token will grant the Orbeon community access to various perks, including governance, voting rights, staking rewards and bonuses, trading and transaction fee reductions, and more. As the native utility token of the Orbeon ecosystem, ORBN has seen massive success during presale, with analysts forecasting a colossal 6000% increase in price by the end of presale. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
12 days agocryptodaily
Can Rocketize Token compete with Litecoin?
Some people are hesitant to invest in cryptocurrencies, especially since the crypto winter, whereby many tokens suffered a big dip in their value. Many analysts have predicted that the market should improve in the coming months and have tipped new currencies such as Rocketize Token (JATO) and Litecoin (LTC) as the ones to help token holders gain in the long run as both tokens offer multiple perks and features. Litecoin (LTC) - Bitcoin's Successor Litecoin (LTC) is a peer-to-peer cryptocurrency founded after Bitcoin. It uses the same protocol as Bitcoin, although there are certain differences, such as its hashing algorithm. It tries to solve or improve Bitcoin's shortcomings, including mining and slow transaction speeds. Furthermore, it has created a mineable currency, allowing users to earn it using their home-based computer power. It is also quicker than BTC, with transactions processed in minutes. Simultaneously, its minimal prices make it incredibly cost-effective for consumers to do their chores without worry. Because of these advantages, LTC has become popular and generally recognized as a payment mechanism. Rocketize Token (JATO) - A new meme coin contender Rocketize Token (JATO) is a cryptocurrency that operates on the BSC platform and is based on the BEP-20 standard. It is a meme coin that employs the rocket and space motifs rather than the dog themes often employed by coins such as Shiba Inu (SHIB). JATO Token is continually striving to develop and add new features. It will develop two NFT platforms that will be released in two stages, the first called The Galaxy and the second is The Reactor. It will soon be listed on exchanges like Coingecko, Uniswap, and Pancakeswap, as well as Coinmarketcap. Rocketize Token (JATO) has a total quantity of one trillion, half of which was burned during its minting, and it will most certainly outperform the other meme currencies once it is published on exchanges. How can I buy Rocketize Token (JATO) during its presale? Purchasing Rocketize Token (JATO) is a simple process that requires the user to create an account on the JATO website. Following that, the user must link their wallet and select from a variety of cryptocurrencies to pay with, including ETH, BTC, and BNB. Finally, after the payment is confirmed, the purchased tokens will be sent to the users' accounts. Tokens such as Rocketize Token (JATO) are now in pre-sale, but they have come prepared to give their all to the crypto community and compete with the previously established ones. Since a result, there is no better time to purchase a coin like this while its presale is still active, as you will never see it at such a cheap price again after others hear about this treasure. Users may also benefit from tremendous benefits when buying Rocketize Token (JATO), as it offers 10% additional tokens on purchases made using Solana (SOL) and 15% extra tokens when purchasing JATO with Bitcoin (BTC). Finally, if you buy it within 30 minutes of signing up, you will receive a 60% bonus. To find out more about Rocketize Token (JATO), visit the following websites: Presale: rocketize.io/buy Website: http://rocketize.io Telegram: https://t.me/RocketizeTokenOfficial Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
14 days agonulltx
Since Uniglo.io Burn Proposal Passed Investor Influx Has Doubled – What makes the DAO different to ApeCoin or Maker?
News of Uniglo’s mass burn event has caught the attention of investors everywhere, with the project experiencing more than double buying influx in quantity off the back of the announcement. Uniglo.io Burn Proposal Uniglo is a DAO (Decentralized Autonomous Organization), meaning members make key decisions with no single person in control. Rules are encoded, agreed […] The post Since Uniglo.io Burn Proposal Passed Investor Influx Has Doubled – What makes the DAO different to ApeCoin or Maker? appeared first on NullTX.
17 days agocointelegraph
Alameda Research and FTX Ventures websites go dark
Pages for the quantitative trading firm and the venture capital arm have been taken offline and made private.
18 days agocryptodaily
FTX Registers Huge Outflows Amidst Growing Liquidity Concerns
Sam Bankman-Fried-led FTX exchange has seen a huge surge in withdrawals, leading to a substantial drop in its stablecoin reserves. According to the available data, over $451 million in stablecoins has flown out of FTX over the past seven days. The exchange is under severe pressure amid growing but unsubstantiated rumors around the balance sheet of its sister firm, Alameda Research. Huge Outflows From FTX The past week has seen a considerable surge in stablecoin outflows from the FTX exchange, sparking concerns about the exchange&rsquo;s financials. Market watchers also fear another Terra-like situation, as the exchange&rsquo;s stablecoin reserves have substantially decreased over the past 24 hours. According to Nansen data, the past seven days have seen $451 million in stablecoin outflows caused by significant user withdrawals. The data also shows that the FTX reserve is down over $300 million, with the balance sitting at $261 million. Another analytics firm, CryptoQuant, showed that the reserve is currently at $107 million. This could be considered an improvement, given that it had plunged by over 90% to $51 million. Alameda Research Boosting Reserves According to available data, the slight increase in reserves was thanks to Alameda Research buying and sending stablecoins to FTX from other exchanges. According to data from Lookonchain, Alameda Research has withdrawn nearly $500 million USDC from Circle and sent it to FTX since the 3rd of November. The firm also withdrew nearly $200 million USDC from Circle after CEO Caroline Ellison stated that the company is willing to purchase Binance&rsquo;s FTT reserves at $22 each. Jump Crypto And Nexo Leading Withdrawals According to Colin Wu, firms such as Jump Crypto and Nexo are leading withdrawals, having made substantial withdrawals over the past 24 hours. Wu stated that Jump withdrew $40 million USDC from FTX, while Nexo withdrew over $90 million. Several crypto influencers have also been urging their followers to withdraw their funds from the exchange. Ran Neuner, the founder of Crypto Banter, stated on Twitter, &ldquo;I have nothing against FTX, but there is no upside to keeping funds on any exchange. More so on an exchange that has FUD. I&rsquo;m almost sure FTX will be ok, but in the tiny chance that they are not, I wouldn&rsquo;t want to think that I had an opportunity to withdraw and didn&rsquo;t take it!&rdquo; Other users revealed that they have been experiencing delays in the processing of their transactions, while others stated that transaction fees were extremely high. The Story So Far The controversy began when reports emerged stating that Alameda Research held a total of $14.6 billion in assets and had around $8 billion in liabilities, including $7.4 billion worth of loans. Among its assets, Alameda Research listed that it had $3.66 billion in unlocked FTT, the FTX exchange&rsquo;s native token. The concerns around insolvency arose from the fact that a significant chunk of Alameda&rsquo;s holdings were in FTT, a token created by the firm itself, rather than in traditional fiat currencies or stablecoins. Alameda Research&rsquo;s CEO later clarified that the leaked document only presented a portion of the firm&rsquo;s holdings. She added that the firm held a further $10 billion in assets. However, the clarification could not quell investor fears and prevent a response from the market. As the report found its way to more users, significant investors began pulling their funds from the exchange. The situation was further exacerbated by Binance when CEO Changpeng Zhao stated that the world&rsquo;s largest exchange was planning on liquidating a significant chunk of FTT tokens. Binance had received around $2.1 billion worth of BUSD stablecoins and FTT as part of its exit from FTX. Bankman-Fried Insists Everything Is Fine FTX Founder Sam Bankman-Fried took to Twitter to assure users and investors that the exchange was functioning normally. He also called the rumors unfounded, adding that FTX maintains audited financials and is highly regulated. He also added that the exchange has already processed billions of dollars worth of deposits and withdrawals. &ldquo;FTX keeps audited financials etc. And, though it slows us down sometimes on product, we&rsquo;re highly regulated. We&rsquo;ve already processed billions of dollars of deposits/withdrawals today; we&rsquo;ll keep going. (Taking up anti-spam checks to process more--sorry if you got those. We&rsquo;re hitting node rate capacity, will keep going.) Also, tons of USD stablecoin conversions going on.&rdquo; Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
19 days agocryptodaily
Watch Out for These Coins In 2023- Cardano, Quant, And Dogeliens
The bear market left many investors worried and devastated, while others are still struggling to get back on their feet. Are you trying to find the finest currencies to invest in that might yield 100x returns? Look at Dogeliens (DOGET), Cardano (ADA), and Quant (QNT). To learn how you might make money as the year draws to a close, keep reading. Cardano Ranks 9th In Market Cap When Cardano (ADA) was introduced in 2017. Users of the cryptocurrency market responded favourably to the token. After a few years, it is still a fan favourite and currently holds the ninth-place position in terms of market capitalization. Due to the several advances, Cardano (ADA) introduced to decentralized finance, the platform gained a large user base. The intricate, double-layered blockchain model for quicker transactions was the first of such innovative features. The blockchain consists of two layers: a compute layer for validating operations and transactions and a settlement layer for storing and settling user accounts. Scalability was also made possible by the blockchain, allowing the network to handle high operation traffic. The Ouroboros protocol, a hybrid system that uses proof of stake consensus, powers the network as well. To communicate directly with user accounts, it is situated on the settlement layer. The protocol contributes to a large reduction in the energy required for processing and validating network transactions. The creators of Cardano (ADA) revealed that the introduction of their smart contract integration was imminent. The event will probably result in a significant increase in users, making it a potentially worthwhile investment for the new year. Quant Is On Fire Right Now The Quant Network is a blockchain network that makes use of its native coin, QNT, to make it easier for other blockchains to communicate with one another. The central nervous system of system is called Quant (QNT). It is an Ethereum block-stored ERC-20 utility token that can be used to buy things in Over Ledger, pay for developer licenses, and pay yearly access fees to the Quant Network. Quant (QNT) has been on fire over the past month, contributing 77.30% to the MoM increase. The possibility that the currency will continue to surpass technical goals is rising due to this tendency. Dogeliens Will Be Introduced To The Market Soon Dogeliens (DOGET) is a crypto project that wants to present its NFT platform to influential people in the crypto sector. As a result, the creators intend to introduce various other utility measures in addition to providing hypercompetitive features on their Puptopia NFT markets or the Pupstore. Like many other NFT platforms, Dogeliens (DOGET) enables users to create and mint NFTs. This NFT platform is one of the two important components of the Dogeliens (DOGET) ecosystem. The University of Barkington, the other component, is an educational website that informs crypto users about DeFi solutions and how they might profit from them. There is currently a presale for Dogeliens (DOGET). Following an assessment of the smart contracts by the developers, DOGET has been added to CoinMarketCap and CoinGecko. In a few weeks, they plan to officially introduce their ecosystem. To prevent having to purchase the tokens when their coin prices soar, sign up for the presale now. For more information on the project: Dogeliens (DOGET) Presale: https://buy.dogeliens.io/ Website: https://dogeliens.io/ Telegram: https://t.me/DogeliensOfficial Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

About Quant

The live price of Quant (QNT) today is 121.029 USD, and with the current circulating supply of Quant at 12,072,738 QNT, its market capitalization stands at 1,461,147,243 USD. In the last 24 hours QNT price has moved 2.3545 USD or 0.02% while 21,487,264 USD worth of QNT has been traded on various exchanges. The current valuation of QNT puts it at #31 in cryptocurrency rankings based on market capitalization.

Learn more about the Quant blockchain network and how it works or follow the price of its native cryptocurrency QNT and the broader market with our unique COIN360 cryptocurrency heatmap.

Quant Network is an enterprise-focused blockchain company with a native token QNT. Quant introduced a unique interoperability solution for distributed ledgers (DLTs), non-DLT and legacy systems that allows public and private institutions to interact with different blockchains simply using Quant network’s unified API gateway.  

Quant is building a suite of products for a blockchain-based future of finance and is involved in high-profile projects of CBDC creation, asset tokenization and cross-border settlement.

It should be noted that Quant network does not have its own blockchain, and it’s not intended to have one. Instead, Quant network is building a SaaS product to provide developers with a single standard set of tools for multi-chain app creation. Overledger, a unified API gateway allows developers to create multi-chain applications (mApps) via their native coding language. Overledger does the translation to native DLT formats for developers, so one would not need any specialized knowledge to create an application. 

Unlike most of the projects in the crypto space, Quant is not open-source. The team behind Quant patented its signature technology and built a licensing business model. While institutions and developers don’t use QNT as a direct payment method to gain access to Quant’s services, QNT tokens are still used in the payments system in a complex scheme that involves Quant’s community treasury. Clients pay different types of transaction fees – platform fees, developer fees, user fees – on the network with QNT tokens. 

Quant network was founded in late 2017 by Gilbert Verdian, a veteran in cybersecurity who worked in higher-up positions for institutions such as HM Treasury, BIG-4 firms and consulted the U.S. Fed on its payments infrastructure. Like many projects at that time, Quant was funded through an initial coin offering (ICO), raising $11 million for the development of its platform in 2018. The Overledger Network went live on June 30, 2020.

QNT price

According to the QNT live price chart, QNT price didn’t witness any significant action since its launch in 2018 and mostly trade around the $4 zone until the beginning of 2021. Starting into the new year, Quant’s token saw a 270%+ price increase between Jan.1, 2021, and Feb. 18, 2021. 

QNT’s price coiled up for roughly four and a half months before it broke out of the channel by the end of Q1 2021, setting an all-time high above $89.2 on Jun. 28, 2021. 

The major growth spurt came later that year, when QNT went on a two-month rally from a local bottom of $66.72 on Jul. 20, 2021, to a new all-time high above $393 on Sep. 15, 2021. After a short breather, the price squeezed to a historic peak of $503.33 registered on Oct. 18, 2021, according to Coin360 data. 

The price of QNT fell heavily in the following months, and while the token closed 2021 with a whopping 1250% gain at $172.25, it was significantly below the October ATH. 

As crypto faced a brutal sell-off in 2022, the price of QNT plummeted alongside major cryptocurrencies. QNT spent the month of June 2022 struggling and even dipped below the $50 mark several times. 

How QNT works

Quant network curates its ecosystem around its API gateway Overledger, which offers universal interoperability between permissioned and permissionless blockchains and DLTs. Overledger Network is the second element of the ecosystem. It connects private networks and public blockchains and secures the transfer of information and data.  

Using Overledger, developers can connect port applications to new and more appropriate networks seamlessly, regardless of technical restrictions. Using this software, developers can create applications for multiple blockchains and DLTs instead of just one with the same time and cost effort.

Overledger also makes migrating existing apps to new DLTs easier for organizations as there is no need to rewrite application code from scratch. Using this software, developers can create applications for multiple blockchains and DLTs instead of just one with the same time and cost effort. 

As an Ethereum-based platform, Quant offers a wide range of use cases to developers, such as DeFi and Gaming. However, the platform is mainly focused on payments and asset tokenization. MApps built with Overledger can operate simultaneously across multiple different ledgers. 

Quant’s QNT is a utility token of the network issued under the ERC-20 standard. Every developer who would like to use Quant’s products needs to hold QNT tokens. They would have to buy some QNT tokens in the open market and then conduct a transaction with Quant Treasury. This way, developers go into a one-year agreement with the platform that would have to lock up their QNT tokens in exchange for an annual Overledger license. 

Under this model, circulating supply in the market is reduced, at least temporarily, until a license expires or a client stops using Quant’s Overledger API gateway. The supply of QNT is fixed at 14,612,493 tokens, and no new QNT can be minted. 

The major driver of demand for QNT is growing adoption, so the price theoretically should increase with more institutions joining the network given the capped supply of QNT. Quant network charges a license fee based on a fixed fiat value per one account in each client’s company, thus the total licensing revenue depends on the number of organizations that use Overledger as well as the size of these organizations. 

QNT news, updates and highlights

Quant Network is actively improving Overledger, its flagship product. While the company does not share all the technical details of the new upgrades, it regularly shares its progress on its website. 

Recently introduced features include the support of Polkadot Mainnet and Westend Testnet alongside Polygon Mainnet through new standardized APIs. Other new versions add new functionality like the ability to mint and burn programmable stablecoins and issue payments. However, new product releases are not always followed by any price action. 

In June 2022, the company revealed that it provides blockchain interoperability solutions to LACChain, a pan-regional blockchain initiative in Latin America and the Caribbean. Quant enabled interaction between private, public and permissioned blockchains of the LACChain participants. The company claims it developed smart contracts and tokenized money through its APIs. The use cases include stablecoin creation for interbank payments, remittance solutions and wholesale stablecoin creation.

There is no doubt that Quant will continue to grow its business given its positioning in the industry and the pace at which institutions move toward DLT-based solutions. However, the future of QNT is not that secure since it doesn’t have a robust use case inside Quant’s ecosystem. It is not a full payment method and may be replaced with other cryptocurrencies or fiat. 

Frequently asked questions about QNT

  • Can you mine or stake QNT?

While staking on the Quant network is not available for retail investors at the time of writing, you can stake your QNT tokens on a centralized exchange such as AAX to earn up to 4% APY in rewards. 

  • What are some of the best QNT wallets?

Since QNT is an ERC-20 token, it can be stored in a wide range of wallets, including MetaMask. You can also use hardware wallets such as Trezor and Ledger to hold and manage your QNT tokens. 

  • What can you do with QNT?

QNT is a utility token of the Quant network, used as payment for licensing fees through interaction with Quant’s treasury. Users also pay other types of fees on the network with QNT. 

  • How to buy QNT? 

You can buy QNT on almost every large centralized exchange, including Binance, Kraken, KuCoin,  and ByBit. Use trading pairs like QNT/USD, QNT/USDT, QNT/BTC, QTUM/ETH to make the purchase. 

Quant Price121.029 USD
Market Rank#31
Market Cap1,461,147,243 USD
24h Volume18,592,607 USD
Circulating Supply12,072,738 QNT
Max Supply14,612,493 QNT
Yesterday's Market Cap1,463,013,800 USD
Yesterday's Open / Close118.829 USD / 121.183 USD
Yesterday's High / Low122.118 USD / 118.636 USD
Yesterday's Change
0.02% ( 2.3545 USD )
Yesterday's Volume21,487,264 USD
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