Founded in 2018, Quant is a blockchain-based project. It hopes to enable businesses and other entities to adopt crypto technology without the associated high barriers to entry and problems integrating legacy systems with the newer tech. The project can be categorised as an interoperability solution thanks to its plug-and-play solution for enterprises.
The QNT token is the project’s native cryptocurrency. It is an ERC-20 token and has a total supply of 14,612,493. The QNT token is used as a utility token to pay for the products and services provided by Quant.
What are Quant’s key features and how does it work?
A key part of the Quant network is its use of Overledger. Overledger is a solution designed for large-scale businesses and enterprises and their business operations.
Overledger can be seamlessly integrated and also seamless access to DLTs with the help of an API so that they can all “communicate” together and be used simultaneously by applications. For example, DLTs used for logistics, customs, payments, and more can all communicate together. This means that more efficient applications can be built that use all of the functionalities at once.
The Quant network comprises the Overledger OS and the Overledger Network. The OS patented technology allows users to create multi-chain applications (MApps). MApps can be made with treaty contracts, rather than smart contracts. Although MApps are built via the Overledger OS, the applications themselves reflect the blockchain that it is built on, and can adopt features of that specific network.
The Overledger Network comprises developers and businesses using the Quant Network. Licensing fees must be paid in order to access and use the products and services. MApps can also be sold via the Overledger Network Marketplace.
In this manner some of Quant’s benefits to enterprises include:
- Removing issues with interoperability;
- Easy to start using with little to no prior cryptography knowledge;
- Flexible in its offerings;
- High levels of security.
What is noteworthy about Quant?
Quant also offers support for multi-ledger tokens (MLTs). These are digital assets held in escrow that are backed by fiat funds. They have a variety of use cases such as acting as stablecoins, loyalty points, and vouchers, among other uses.
Where can you buy QNT?
QNT is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, CoinBase Pro, Crypto.com and KuCoin. The price of QNT will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for QNT market prices, please view the price charts on this page.
Quant's current share of the entire cryptocurrency market is 0.04%, with a market capitalization of $ 849.63 Million.
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