Quant

What is Quantum (QNT)?

Quantum (QNT) is native ERC-20 token for the project of the same name. Quant helps provide network interoperability and scalable blockchain solutions. The project is known for Overledger, the first blockchain operating system that enables connectivity and interoperability between various decentralized networks. You can analyze the price dynamics of QNT using the chart above.

Who are the founders of Quant?

Quant was a co-founder Gilbert Verdian and Dr. Paolo Tasca. Verdian is the CEO of Quant and has over two decades of experience in digital security in the healthcare and financial sectors. Dr. Tasca is an entrepreneur who has worked with the UN and the European Parliament on blockchain technology and decentralization.

Quant aims to solve one of the biggest problems facing blockchains – lack of compatibility. Since the launch of Bitcoin, the first blockchain, in 2009, new decentralized networks have emerged. As they grew, problems arose with the lack of technical tools that would enable cross-chain transactions and application functionality.

Some of the main problems are closely related to financial aspects of cryptography – users cannot simply transfer different currencies from one chain to another. The idea behind the Overledger operating system was to create an API that would connect different blockchains to each other and allow cross-chain applications to be used without compromising data security.

The platform was launched in June 2018. Before launch, the project held a token generation event (TGE). During this event, users could purchase the asset at an adjusted rate, with the QNT price being 430 QNT = 1 ETH.

Until 2021, the Quant coin remained moderately volatile asset. However, the first half of the year saw rapid growth, peaking in September when the QNT price reached $428. The asset is usually subject to general trends in the cryptocurrency market.

What are the key features of Quant?

The supply of Quant tokens was determined by the results of the TGE sale. The maximum supply is limited to 14,612,493 QNT. The asset is deflationary, which means that over time its reserves will be depleted. This increased shortage will likely lead to higher Quant prices.

The Quant token was designed to dual purpose. It was originally used for a token offering event that took place before the launch of the platform. The second utility for which the asset is currently primarily used is on-chain and transactional. QNT is officially called access token within the ecosystem.

Quant’s main product is Overledger is a blockchain-based operating system designed specifically to ensure interoperability. This was the first project of its kind launched in the blockchain space. Overledger aims to connect different blockchains without affecting the efficiency of their network. The operating system does not affect the autonomy of decentralized platforms or processing speed.

Using API and distributed ledger technology (DLT) Thanks to connectors, users can connect their blockchain projects to other blockchains, making them widely available. It works by creating new layers based on the required functionality. It provides multi-chain decentralized finance (DeFi) services, especially transactions.

To access Overledger, developers must purchase a digital license and lock their tokens in a smart contract for 12 months. Overledger is used for development multichain applications or MAApps. MApps can run on multiple different networks simultaneously. Developers use QNT tokens as a way to pay for mApp creation services.

Users can also connect different applications on the same network. This can expand their usefulness and scalability. All Overledger services, such as execution of transactions, are paid using QNT.

The Quant ecosystem allows you to use smart contracts, which can be programmed for specific blockchains to make transactions easily readable and auditable. Smart contracts written on Overledger can also be made available on blockchains that do not typically support the technology, such as Bitcoin (BTC).

Quantum decentralized and community-driven. Users are responsible for processing transactions on the chain. Gateway operators are paid in QNT for their contribution to the ecosystem.

How layer 2 solutionOverledger is completely blockchain independent, making integration seamless and technically easy to implement. A license for multi-chain solutions is purchased annually. Thus, the market price of Quant may influence the annual maintenance fee.