Name: Quant
Brand: Quant
SKU: QNT
Price: 7482.22272 INR
Availability: InStock
Rating: 4.5 (30 reviews)

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Features good technological feasibility and diverse application scenarios, with major products already launched and either an early-stage or stable ecosystem in place. Multiple automated metrics indicate a notable level of industry attention and support, along with relatively manageable risks.

Quant

Mudrex

Market Statistics

Quant (QNT) is the native utility token of the Quant network, which is designed to solve the interoperability problem between different blockchains. Launched in June 2018, Quant aims to connect blockchains and networks globally without compromising the efficiency and interoperability of the network. It is the first project to create a blockchain operating system called Overledger, which serves as the foundation for building decentralized multi-chain applications (MApps). QNT is an ERC-20 token that operates independently of blockchains, meaning it can switch to any other blockchain as needed. The token is governed by the Swiss Financial Market Supervisory Authority (FINMA) and is used to access the Overledger platform and pay for various services within the Quant ecosystem.

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Quant is addressing the problem of blockchain interoperability by enabling secure, seamless communication and transactions across different blockchain networks through its Overledger platform. This allows for the development of multi-chain applications (MApps) and facilitates the creation of a more connected and efficient digital economy.

The Quant Network was founded by Gilbert Verdian in 2015. Verdian has over 20 years of experience in cybersecurity and has held C-level positions such as CISO, CIO, and CTO. His background includes working for government and private sector organizations, bringing knowledge and expertise to the Quant project.

The Quant ico took place from April 2, 2018, to April 30, 2018 and the price of QNT during the ICO was approximately $1.10. The project aimed to raise funds in Ethereum (ETH), with a hard cap of 57,000 ETH and successfully raised $11 million during its ICO. 

The Quant whitepaper outlines the vision and technology behind the Overledger network, designed to address the interoperability challenges within the blockchain ecosystem. Overledger is the first blockchain operating system that facilitates the development of maps, enabling applications to run on multiple blockchains simultaneously.

The whitepaper delves into the technical architecture of Overledger, which consists of several layers that separate the transaction, messaging, and filtering/ordering functions. This layered approach allows for the efficient processing and transfer of information across different blockchain networks. Overledger's design ensures it can work with existing systems, making it easier for enterprises to adopt blockchain technology without significant changes to their current infrastructure.

Quant's approach to interoperability is not limited to the transfer of digital assets but also includes the ability to handle smart contracts, metadata, and messaging across different ledgers. This broad scope of functionality is aimed at enabling a wide range of use cases, from financial services to supply chain management.

The whitepaper also discusses the QNT token's role within the Overledger ecosystem. QNT is used to access the network and its services, with users and developers required to hold a certain amount of QNT to operate within the system. The tokenomics of QNT are designed to ensure a stable and deflationary supply, with a fixed total supply and mechanisms in place to reduce the circulating supply over time.

Quant strongly emphasizes security and compliance, with the whitepaper detailing the measures taken to ensure the network adheres to regulatory standards. This includes the governance of QNT as a utility token by the Swiss Financial Market Supervisory Authority (FINMA), which adds a layer of credibility and trust for potential users and investors.

The whitepaper concludes with a vision for the future of Quant, highlighting the potential for Overledger to become a foundational element in creating a connected and interoperable digital economy. The document presents a compelling case for blockchain interoperability and Quant's solution to this pressing industry challenge.

In summary, the Quant whitepaper provides a comprehensive overview of the Overledger network's technology, the use cases it enables, the role and economics of the QNT token, and the security and compliance measures in place. It positions Quant as a critical player in pursuing a more interconnected and efficient blockchain ecosystem.