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Quant (QNT) is a utility token used in the Quant Network ecosystem, which aims to achieve universal interoperability between blockchains using its Overledger OS blockchain operating system. The token is used to pay for goods, services, and licensing fees within the network. Quant Network supports multiple blockchain platforms and is focused on enterprise blockchain services, with the goal of integrating blockchains for widespread adoption.
Quant (QNT) tokens are used to provide digital access to various services and applications within the Quant ecosystem. These services include the Overledger platform, which enables interoperability between multiple blockchains. Developers use QNT tokens to build on the Overledger platform, and all fees, including developer and user fees, are paid with QNT tokens. Additionally, QNT tokens are used to pay for licensing fees, which are required to access the Overledger platform.
To store Quant (QNT) tokens, you have several options:
Ledger Hardware Wallet: Ledger offers a secure way to store QNT tokens. You can choose from different models like Ledger Nano S Plus or Ledger Nano X. These wallets store your private keys offline, making them resistant to malicious attacks.
MetaMask: MetaMask supports Quant cryptocurrency, allowing you to manage your QNT funds directly within your web browser. Since QNT is an ERC-20 token, you can add it to MetaMask like any other ERC-20 token.
Trust Wallet: Trust Wallet is another option where you can store your QNT tokens. It also allows you to swap QNT to almost any other ERC-20 token.
Trezor: Trezor is a hardware wallet that supports QNT tokens, providing a secure way to store your coins.
Zengo Wallet: Zengo is a highly secure wallet that supports over 120 cryptocurrencies, including QNT. It uses advanced cryptographic techniques and three-factor authentication to protect your tokens. You can download the Zengo app from the Apple App Store or Google Play to set up your Quant wallet.
Each of these options offers a different level of security and convenience, so you can choose the one that best fits your needs.
To buy Quant (QNT) tokens, follow these steps:
Choose a Cryptocurrency Exchange: Select a reputable exchange that supports QNT, such as Uphold, Kraken, Tap Global, Binance, or KuCoin. Each exchange has its own features, fees, and payment methods, so compare them to find the best fit for you.
Create an Account: Sign up for a free account on the chosen exchange's website or mobile app. You will need an email address and may be asked for a phone number and photo identification for verification.
Verify Your Account: Complete the identity verification process, which typically involves uploading photo identification documents. This step is necessary for security and regulatory compliance.
Deposit Funds: Add funds to your account using a supported payment method, such as a bank transfer, credit card, or debit card. You can also transfer cryptocurrencies from another exchange or wallet.
Buy QNT: Once your account is funded, you can purchase QNT tokens. You can either use the "instant buy" feature, which offers a fixed price but may be more expensive, or set your own price on the spot market.
Store Your QNT: You can store your QNT tokens in the exchange's wallet or transfer them to a personal Ethereum wallet, as QNT is an ERC-20 token.
Remember to consider the risks and volatility associated with cryptocurrencies and consult with a financial professional if needed.
Quant (QNT) was founded by Gilbert Verdian in 2015. The project aimed to improve the effectiveness of information communication worldwide, particularly in addressing the issues Verdian encountered while serving in the governments of the UK and Australia. In April 2018, Quant Network successfully conducted an initial coin offering (ICO), raising over $11 million.
Quant (QNT) is a decentralized blockchain platform designed to facilitate communication and interoperability between different blockchains. It achieves this through its patented technology, Overledger, which acts as an operating system for enterprise software solutions. Overledger is a chain-agnostic layer that sits above various blockchain ledgers, allowing for seamless interactions between them.
Key FeaturesInteroperability: Overledger enables communication between different blockchains, supporting multi-chain applications (MApps) and facilitating smart contract transactions across various blockchains.
Layered Architecture: The Quant network is divided into layers, each with specific tasks. These layers include the Transaction Layer, Message Layer, Filtering and Ordering Layer, and Application Layer, which work together to validate transactions and messages across different blockchains.
Token Usage: The QNT token, an ERC-20 token, is used to power the Quant Network. It is required for developers to build on the Overledger platform and for end-users to access the ecosystem. QNT tokens can be used to pay for platform usage costs, annual licenses, and other services.
Customizable Plans: Developers can select which blockchains they want to include in their plans, and they can add more blockchains as needed. The number of available blockchains depends on the tier of service chosen.
Security: Quant prioritizes security, with its founder having extensive experience in cybersecurity. The technology is designed to be resilient and future-proof, ensuring the protection of assets and data.
Quant's technology has various applications across sectors such as banking and healthcare. It helps financial institutions and enterprises to embed central bank digital currencies, programmable money, and other tokenized assets into their businesses. This enables them to reduce time-to-market, create new revenue streams, and mitigate risks.
EcosystemThe Quant ecosystem is designed to support the development of decentralized multi-chain applications (MApps) that can operate across multiple blockchains. The Quant App Store allows developers to create and release these MApps, promoting the adoption of Quant and accelerating the implementation of new features.
Overall, Quant's technology aims to simplify blockchain interactions, making it easier for businesses and developers to build and deploy applications that can seamlessly communicate across different blockchain networks.
Quant (QNT) has several strengths that contribute to its value and potential in the blockchain and cryptocurrency space:
Interoperability: Quant's Overledger technology enables seamless communication and data transfer between different blockchains, facilitating the creation of decentralized, multi-purpose applications that can operate across various blockchain platforms.
Accelerated Transactions: The platform accelerates transaction processes through blockchain interactions, making it more efficient and convenient for users.
Convenient Interface: Quant offers a user-friendly interface that is easy to understand, even for beginners, making it more accessible to a wider range of users.
Digital Asset and Data Sharing: Quant facilitates secure and efficient sharing of digital assets and data across different organizations and networks, promoting collaboration and transaction efficiency while maintaining data ownership and security.
Blockchain Operating System: Overledger is designed as the world's first blockchain operating system, bridging distributed ledgers, blockchains, systems, and networks to increase the possibilities for data sharing and collaboration.
Enterprise-Grade Infrastructure: Quant provides an enterprise-grade blockchain infrastructure that supports the development of tailored solutions within specific sectors such as banking and healthcare, eliminating the need for complex infrastructures and promoting the adoption of blockchain technology.
- Partnerships and Standardization: Quant has partnered with prominent institutions like the Bank of England and is involved in standardization efforts through the Internet Engineering Task Force (IETF), ensuring that its protocols are up to standard and driving innovation in the market.
These strengths position Quant as a pioneering force in the enterprise blockchain sector, offering a comprehensive and connected blockchain ecosystem that supports the development of digital asset ecosystems and decentralized applications.
Quant (QNT) is considered a high-risk investment by InvestorsObserver due to its low risk score, which indicates that the token can be easily manipulated by limited trading activity. This assessment is based on the proprietary scoring system that analyzes the amount of money required to move the price over the past 24 hours, taking into account changes in volume and market capitalization.
Additionally, Quant's volatility is highlighted by Macroaxis, which provides various indicators such as the Sharpe Ratio, Variance, Coefficient Of Variation, and Standard Deviation. These metrics suggest that Quant's price can fluctuate significantly, making it a high-risk investment. The analysis also notes that Quant's beta, which measures its sensitivity to the market, contributes to its overall risk profile.
These risk assessments are crucial for investors to understand the potential downsides of investing in Quant, particularly in terms of market and price volatility.
- Gilbert Verdian: Founder and CEO of Quant, focused on unlocking the power of blockchain for everyone, with over 20 years of cybersecurity experience and C-level accountability in both government and private sectors.
- Natasha Boyton-West: Head of Product - Platform, responsible for overseeing the development and implementation of Quant's products and services.
- Andrew Carrier: Chief Marketing Officer, leading the marketing strategy and efforts to promote Quant and its offerings.
- Martin Hargreaves: Member of the leadership team, contributing to the overall direction and growth of Quant.
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