Quant Price
(QNT)
USD($)
Quant (QNT) Live Price Chart
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Quant Live Price Data
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Quant(QNT) Profile
Rank54
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Ethereum 0x4a220e...675
Audited By
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Investors
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$105.800
$110.480
$428.380
+0.66%
+2.61%
+5.61%
$1.47B
$369,867
12,072,738
14,881,364
About QNT
How can I buy Quant (QNT)?
What Is Quant (QNT) Crypto?
Quant (QNT) is a cryptocurrency launched in June 2018 to connect blockchains and networks globally without compromising the network’s efficiency and interoperability. It is the first project that attempts to solve the interoperability issue by creating the first blockchain operating system.
Quant was created as a Distributed Ledger Technology (DLT) or mainnet for operating systems, called Overledger Network, to connect various blockchain networks. The project is referred to as the first operating system developed for blockchains.
The main objective of Quant is to bridge the gap between different blockchains with Overledger. The project’s backbone is the Overledger Network, which Quant refers to as the ecosystem upon which the future digital economy will be built.
QNT, an ERC-20 token issued on the Ethereum blockchain, is the utility token of the Quant Network. It is used to pay for applications and services on the Quant network, staking/holding, and paying licensing fees.
How Does Quant Work?
Since introducing blockchain and Distributed Ledger Technology (DLT), pioneers have found use cases in almost every known industry. However, there was an issue with seamless interoperability between these projects. Quant was created to be the missing link between the different blockchains.
Quant's operating system, Overledger, was designed as a gateway for any blockchain-based project to gain access to all other blockchains. It also connects an application with other applications within the same blockchain ecosystem, such as Ethereum.
Quant goes beyond just interacting with multiple blockchains. Quant creates various layers that allow applications to interact at different levels. Quant consists of different layers for transactions, message delivery, filtering, and ordering, and an application for sharing and referencing identical messages about other applications.
Quant's app store can read and monitor transactions across multiple ledgers. With Overledger, developers can write smart contracts for chains, even those not natively supported, such as Bitcoin. Developers can also use the store to create and publish multi-chain applications (MApps).
Who Founded Quant Network?
Gilbert Verdian, one of the founders of Quant Network, had the idea for the blockchain project while working in the healthcare sector. Verdian recognized the importance of interoperability in ensuring that patients registered on different platforms could be captured.
Verdian has over 20 years of industry experience in modernizing security, technology, and business strategies for companies looking to achieve concrete results worldwide.
Before his work at the Quant Network, Verdian served as Chief Information Security Officer (CISO) at Vocalink, a Mastercard company, Chief Information Officer at NSW Ambulance, CISO at eHealth NSW, and Security Lead at the UK Ministry of Justice.
The second co-founder, Dr. Paolo Tasca, is an entrepreneur and digital economist specializing in distributed systems. Dr. Tasca has served as a special advisor for blockchain technologies to the European Parliament, the United Nations, and numerous central banks worldwide.He is also a co-author of several books on fintech and co-founder and chairman of the Retail Blockchain Consortium.
Quant (QNT) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $2.77 | 2.61% |
| 7 Days | $5.78 | 5.61% |
| 30 Days | $-18.27 | -14.37% |
| 3 Months | $-0.628 | -0.57% |
24H Investment Barometer
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FAQ
How much is 1 Quant (QNT) worth?KuCoin provides real-time USD price updates for Quant (QNT). Quant price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time QNT to USD exchange rates.
Is Quant Crypto a Good Investment?
Based on the QNT price history, Quant Network has performed well and delivered good returns to investors in the past. However, we recommend you do your own research (DYOR) before making any investment decisions in the crypto market, owing to the high volatility that digital assets experience.
The overall market conditions and investor sentiment towards cryptos could play a vital role in the price of QNT. As with any cryptocurrency, the price of QNT is subject to fluctuations based on supply and demand in the market. For instance, high demand for digital assets could support the Quant Network price in the market.
Fundamentals such as news and developments related to Quant could also impact the price of QNT. Positive news or announcements, such as new partnerships or integrations, could increase the token’s demand and drive the QNT to USD price.
How to Use Quant (QNT) Token
Quant (QNT) is a cryptocurrency that serves as a utility token within the Quant Network ecosystem. The Quant Network aims to solve the interoperability issue between blockchains by creating a blockchain operating system called Overledger, which allows developers to create decentralized multi-chain applications (MApps) that can interact with multiple blockchains. Here's how to use $QNT token:
Utility Token
Quant (QNT) is a utility token within the Quant ecosystem. It is required to pay for the Overledger license that developers need to access the Overledger network and use it for creating MApps. Quant (QNT) is also used as a medium of exchange for transactions and services within the Overledger network.
Staking
Quant (QNT) currently does not support staking, but Quant Network has mentioned in its roadmap that it will implement staking features. Staking allows token holders to stake their tokens in a wallet or smart contract for a certain period and receive rewards or interest for their staked tokens in return. Staking can be a way for token holders to participate in network consensus and earn passive income.
Governance
Quant (QNT) may also play a role in network governance in the future. Governance refers to the decision-making process within a blockchain network, and token holders may have the opportunity to vote on proposals, changes, and upgrades to the network. This could give Quant (QNT) holders a say in shaping the future development and direction of the Quant Network.
Cross-chain Interoperability
Quant (QNT) enables cross-chain interoperability within the Quant Network ecosystem. Overledger, the operating system developed by Quant Network, allows MApps to interact with different blockchains and facilitates communication and data exchange between them. Quant (QNT) can be used to pay transaction fees, services, and access to other blockchains within the Overledger network, enabling seamless interoperability between blockchains.
Digital Asset Management
Quant (QNT) can also manage digital assets within the Quant Network ecosystem. It can be used as a medium of exchange for transactions involving digital assets, such as cryptocurrencies, tokens, and other digital values. This could enable the transfer of digital assets across different blockchains for various use cases like payments, remittances, and asset transfers.
Enterprise Adoption
Quant Network aims to introduce blockchain technology to enterprises, and Quant (QNT) can be used as a means of payment for access to and use of services and solutions provided by Quant Network. Businesses may need Quant (QNT) to pay licensing fees, access Overledger, and utilize other enterprise-oriented solutions offered by Quant Network.
How Many Quant Tokens (QNT) Are in Circulation?
As of April 2023, there are 14,544,176 QNT in circulation, and the max supply of QNT tokens is fixed at 14,612,493.
Can You Stake Quant (QNT) Token?
Yes, staking of QNT is possible, for example, on staking service providers. Staking allows token holders to lock their tokens in a wallet or a smart contract for a certain period and, in return, receive rewards or interest for their staked tokens. Staking can be a way for token holders to earn passive income and participate in network management.
Can You Mine Quant (QNT) Crypto?
No, Quant (QNT) cannot be mined. Unlike Proof of Work (PoW) blockchains like Bitcoin, where miners use computing power to validate transactions and create new blocks, Quant (QNT) uses a different consensus mechanism called Proof of Stake (PoS). PoS allows token holders to participate in network consensus by staking their tokens as collateral. Miners do not play a role in securing the Quant network, and there are no rewards for mining.
What is the all-time high price of Quant (QNT)?
The all-time high price of Quant (QNT) is $428.380. The current price of QNT is down 0.75% from its all-time high.
What is the all-time low price of Quant (QNT)?
The all-time low price of Quant (QNT) is $0.163. The current price of QNT is up 663.83% from its all-time low.
How much Quant (QNT) is there in circulation?
As of 4 23, 2024, there is currently 12,072,738 QNT in circulation. QNT has a maximum supply of 14,881,364.
What is the market cap of Quant (QNT)?
The current market cap of QNT is $1.47B. It is calculated by multiplying the current supply of QNT by its real-time market price of $1.47B.
How do I store Quant (QNT)?
You can securely store your Quant in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your QNT include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Quant (QNT) to cash?
You can instantly exchange your Quant (QNT) for cash using KuCoin's Fast Trade feature. This feature enables you to convert QNT to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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2024-04-23 08:36:04 (UTC+8)
24h Volume1,665,219,856USDT