What is Quant?
Quant is a future-oriented Blockchain operating system (OS). By providing an additional layer that allows connecting multiple Blockchains together. Quant was developed to solve interoperability problems between Blockchains and connect existing networks to Blockchain. The goal is to facilitate the development of multi-chain applications (Mapps) that can run on many different Blockchain platforms.
Quant, in this context, can be considered as a “middleman” connecting Blockchains together through new technology – Overledger. Overledger is the main product of the project and is the technology that helps design and deploy. And empower applications to run on various Blockchain platforms.
https://quant.network/
Quant’s main cryptocurrency is QNT. Used to provide access to the Quant Overledger platform to both developers and users of various Maps. QNT is also used to pay transaction fees. Allows developers to create apps for free or can charge a transaction fee per app. Simply put, QNT is the token of Quant.
What does Quant bring?
Quant’s Overledger technology is designed to address limitations in connecting Blockchain platforms. Brings compatibility for data and applications across many different Blockchain chains both now and in the future. Without being bound by any specific technology or method. Overledger was created to act as a super gateway for existing networks to connect to Blockchains and vice versa. Quant focuses on 4 main subjects:
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Enterprise: Overledger brings power to businesses. Giving them the flexibility to connect their network to multiple Blockchains without being constrained by a specific technology or vendor. This facilitates multi-chain interoperability. Helps businesses access new markets, increase flexibility and reduce investment risk.
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Individual: Overledger builds trust between individuals and between machines to ensure safe and secure transactions. It gives individuals unprecedented access and control over personal information.
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Healthcare: Overledger increases the security, privacy, and interoperability of health data.
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Government: Overledger provides solutions for governments to reduce management but increase transparency. And cooperation between government, citizens, and businesses. It creates opportunities for collaboration between the public and private sectors that may not have been considered before.
What is Quant Token (QNT)?
Basic information about Quant Token (QNT)
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Ticker: QNT
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Blockchain: Ethereum
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Smart Contract: 0x4a220e6096b25eadb88358cb44068a3248254675
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Token Standard: ERC-20
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Token type: Utility Token
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Total Supply: 14,612,493 QNT
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Circulating Supply: 14,612,493 QNT (Team dev released all tokens on April 30, 2019)
What is QNT Token used for?
Is the Utility Token of Quant Network. QNT is used to access and use products and services within the network.
In addition, QNT Token is used to authenticate transactions going through Overledger. Including developers, users, Multi-Chain applications all need to authenticate transactions using QNT Token linked to their mAppID and bpiKey.
Developers use QNT Token to:
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Pay the license fee to develop your application on Overledger.
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Service maintenance fees when applications run on Overledger.
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Pay for additional services and utilities.
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Developers can also earn QNT Tokens through their applications.
Businesses use QNT to:
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License fee for developing applications on Overledger.
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Platform Fees.
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Service maintenance fees and costs incurred when using other utilities.
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Users can use QNT Token to use mApps inside Overledger.
Token Allocation
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Public Round: 68.2%
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Advisor: 6.8%
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Reserves: 18.1%
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Founders: 9.2%
Token Release Schedule
All tokens have been unlocked.
In which wallet to store QNT?
QNT is a virtual currency developed on the Ethereum ERC 2.0 platform. So you can store DENT Coin on ETH wallets such as MyEtherWallet, Ledger Nano S, TREZOR, Ethereum Wallet.
In addition, you can also store QNT on exchange wallets for convenience in buying and selling if you frequently trade. However, if you invest for the long term, choose cold wallets!
Related: What Is Ethereum (ETH)? An Overview of the ETH Project
Quant project development team
Gilbert Verdian (CEO): Gilbert has 20 years of experience in Cyber Security, having held CIO/CTO/CISO positions at UK financial, government, consulting and industrial organizations such as HM Treasury, Downing Street, Department of Health, and Department of Justice. He is also the founder of the ISO Standard TC307 blockchain standard. A standard is being jointly developed by 40 countries.
Paolo Tasca (Chief Strategy Officer): Paolo Tasca is the head of the world’s largest Blockchain Center at UCL. Kin expert Digital economy and economic platforms at Central Banks in the UK.
Collin Patterson (CTO): Colin is a technology innovator with 20 years of experience in the fields of Information, Cyber Security, and Artificial Intelligence. He has worked in financial services, government and technology at Deutsche Bank.
Conclude
Through the above overview article about the Quant (QNT) project, azc.news hopes readers will grasp basic information about this project to make their own investment decisions. Wishing you a successful investment!
