Quant (QNT) is a native token on Quant Network, which can be called a blockchain operating system — a platform designed to bring interoperability to the blockchain world by serving as a bridge between the different distributed ledgers. It was founded in 2018. Quant’s CEO Gilbert Verdian is an experienced tech manager. His previous work included making sure that there’s interoperability between different healthcare platforms, where he got the idea for Quant.

Quant’s Overledger Network, which is its main product, is an enterprise solution using API gateway as a way for companies to connect their blockchain project to multiple blockchains. Blockchain developers can also make multi-chain applications (MAPPS) based on the Overledger platform.

Quant is designed to work with any distributed ledger architecture, not just those based on the blockchain technology, but also, for example, DAG. Unlike Layer 2 solutions, deploying Quant doesn’t require making changes to the existing DAG or blockchain infrastructure — REST API provides an easy way to connect to the chain.

Quant (QNT) coin is a utility token that enterprises and developers have to purchase and lock in a payment channel in order to use the platform. QNT crypto token also serves as an annual fee to operate the gateway, in exchange for a percentage of the transaction fees.