GLOBAL DIGITAL ASSETS NEWS

quant

Token of the Week: Quant

Quant is a unique blockchain project that seeks to enhance interconnection between distributed ledgers. It came into being in 2018 with the sole aim of enhancing interoperability and unlock the full potential of blockchain technology.

Falling under the interoperability solutions category, Quant is helping bridge the gap between various blockchains such as Ethereum and Bitcoin. It leverages a continually expanding list of distributed ledger technology and API connectors to make it easy for multiple blockchains to communicate, and share value and data.

How does it work?

Quant is the first project built as an operating system for distributed ledger technology, therefore, billed as the first OS built for blockchains. It relies on the Overledger DLT gateway to connect different decentralized networks regardless of the distributed ledger technology they use.

Its core product is the Overledger Enterprise platform which is used as a gateway to various blockchains. The product allows different companies to connect pre-existing infrastructure to blockchain networks.

In addition, the Overledger allows developers to develop decentralized multi-chain applications. However, for developers to develop multi-chain applications on the Ethereum network, they must stake a specific amount of Quant tokens.

What is Quant (QNT) Token?

Quant is the native token that powers the Ethereum-based Quant network. It acts as a medium of exchange that developers use to pay for Quant’s services. In addition, it is the medium through which transaction fees on the network are settled and commonly used to secure the Overledger network.

Token QUANT QNT
Market cap $1.3
24-hour volume $30M
Total supply 14,612,493 QNT
Circulating supply 12,072,738 QNT
Max Supply 14,612,493 QNT
QNT AR ROI 7204.39%
All-Time High $74.03

 

Additionally, the QNT tokens give holders access to particular services or applications made on top of the Quant platform. The total number of tokens required to access the platform or applications varies depending on the value of the QNT tokens and the total number in circulation.

The maximum number of QNT tokens that will ever be in supply is capped at 14,612,493 QNT. Currently, the circulating supply stands at 12,072,738 QNT. The company behind the project is holding the remaining 2 million tokens.

The limited number of QNT tokens is one of the factors that continue to drive QNT prices in the market. As demand for the token increases amid limited supply, its value is always poised to increase.

The QNT tokens can be purchased and sold on any top exchanges, including Bittrex Hotbit, Coinbase, and Binance.

Why Quant?

Blockchain adoption into the mainstream sectors has been gaining momentum in recent years. The technology is increasingly being used to enable cross-border payments to enhance data security and, most importantly, to enable and enhance supply chains.

Amid the increased use of distributed technology in day-to-day activities, there has always been one problem, the lack of interoperability between different blockchain networks. The inability of other blockchains to connect with one another to exchange and share valuable information has always been a big problem.

Quant is already proving to be the ultimate solution in enabling the interconnection of different networks, allowing people, and developers to enjoy the full benefit of the ledger technology. It has achieved the same by acting as a gateway for any blockchain-based project to access other blockchains. In addition, it creates different layers, thus allowing apps to interact at various levels

View more articles

What is a crypto hub? Over the course of this recent bull run, the macroeconomic landscape has changed dramatically. Two years ago most countries
Ever heard of ERC-4626? Innovation through iteration is common across the digital assets sector. Over time, all mainstream blockchain platforms have evolved to accommodate
Decentralized Finance or DeFi emerged as a powerful use case of blockchain technology in recent years. These tools resemble traditional financial securities like loans,
Previous
Next
Global Digital Assets

Get in touch

By visiting this site you accept our terms and conditions.