Exchange Quant (QNT)

Quant Network Overledger is a blockchain brand that aims to connect different networks and blockchains. It is meant to be the first operating system to be built for blockchains. With Overledger Quant aims to bridge the existing gap between different blockchains on a global scale and further unlock blockchain’s potential without reducing the efficiency and interoperability of the network. The ambitious goal of the project is bringing an empowered interconnected world closer. 

The project was launched in June 2018 to provide true interoperability between the blockchains through the creation of the first blockchain operating system. The backbone of the project is the Overledger network. Quant considers it an ecosystem that will become a base for the future digital economy ecosystem. Quant was launched through an initial coin offering that raised $11 million. 

The founder of the project is Gilbert Verdian who came up with the idea while working in the healthcare sector. He discovered the importance of interoperability in ensuring that patients on different networks are covered. Verdian has over 20 years of experience in working with security, technology, and business strategies. He worked as a chief information security officer in Vocalink, chief information officer of NSW Ambulance, and even the security lead of the Ministry of Justice, UK.

Another co-founder is Dr. Paolo Tasca, who’s an entrepreneur and digital economist specializing in distributed systems. He had experience serving as an advisor on decentralized technologies for the EU Parlament, United Nations, and numerous central banks around the world. Moreover, he wrote several books about blockchain and co-founded a Retail Blockchain Consortium.

Quant uses an Overledger DLT Gateway technology that allows it to seamlessly connect different decentralized networks regardless of which exactly distributed ledger technology they use. 

On Overledger developers can build decentralized multi-chain applications, known as MApps. To do so they need to own a certain amount of the QNT tokens. Developers are also allowed to write Smart contracts for multiple chains, even if they are not supported by a specific chain — for example, Bitcoin. The MApps can be built with the Quant API even without special knowledge of the blockchain. 

Though, to build anything on the Quant network the businesses have to purchase a license. For this QNT tokens should be locked for 12 months. Those funds are needed to run Gateways and perform read/write operations. 

Quant also creates different layers on which apps can interact at different levels, such as transactions, messaging, ordering, filtering, and also referencing identical messages related to other applications. 

The network also supports multi-ledger tokens which are digital assets backed by real funds from the escrow with a financial institution. The MLTs can represent stablecoins, vouchers, loyalty points, central bank digital currencies, etc, that can be issued across numerous distributed ledgers. Quant doesn’t require any modifications of the layer blockchain to integrate it.

QNT is the native utility token of the network. The total supply of QNT tokens is set at 14,612,493 coins, from where 9.9 million were sold to the public during an ICO, 2.6 million is assigned to the company reserve to keep the project running, and 1.3 million is locked for the company founders. As of the end of October 2022, the circulating supply of the QNT tokens is 12,072,738.

The token is used to pay for running the gateway, and in return, the users who do that get a cut of the transaction gas fees going through their set-up. 

Average Fees on Quant

The fees on the Quant network vary depending on the platform where the users transact the coins. On Average, the deposit fee is between $0.9 and $2 and the withdrawal fee is between $2 and $4, though some networks might require higher fees. 

The exchange fees for Quant would be around 0.75%-1%.

QNT Token Wallets

There are many wallets available for holding the QNT tokens, including Coinbase, Freewallet, Meta Mask, Token Pocket, iToken Wallet, Assure Wallet, Trust Wallet, HyperPay, Binance, Fox Wallet, Coinhub, Omni wallet, etc.