What is Quant? . What makes this project stand out? What is the Tokenom of QNT? In this article, join me to learn about the latest news about Quant.

Quant is a future-proof blockchain platform designed to solve blockchain interoperability issues using new technologies that allow blockchains to be linked together.

The main purpose of Quant is to connect blockchains to each other and existing networks to blockchains, and to provide conditions for building multi-chain applications or Maps to run on multiple blockchain platforms.

It can be said that Quant will become the "middleman", connecting multiple blockchains together through a new system, building, developing and enabling applications to run on different blockchain networks.

The above technology is also known as Overledger. That said, Overledger is Quant Network’s main product. Therefore, you will see the names Quant and Overledger often used at the same time or right next to each other, but Quant is the correct name.

What are the highlights of the I.Quant project?

The most outstanding thing about Quant is Overledger technology.

Specifically, Overledger will handle all the difficulties in blockchain connectivity. At the same time, this technology ensures the synchronization of databases and applications on all current and future blockchain chains without being restricted by any algorithm or method.

Overledger aims to build a super gateway for existing networks to be compatible with blockchains and vice versa. Quant targets 4 audiences:

  • Enterprise: Enables many enterprises to easily connect their networks to blockchain systems without being “locked in” to existing platforms or providers. By facilitating cross-chain interoperability, Overledger helps many companies enter new markets to increase resilience and minimize losses.

  • Personal: Build trust between people or machines to ensure safe and secure payments. Providing customers with a level of access and control over their personal information that we have never experienced before.

  • Healthcare: Enhancing health data security and connectivity. Revolutionize global health information exchange (HIE) by making medical records better and more secure, benefiting patients and the scientific and healthcare communities.

  • Government: Facilitation allows some governments to cut salaries to improve transparency and cooperation with government agencies, citizen advertising businesses. Create opportunities for connections between public and private institutions.

II. Quant’s existing products

In this section, I discuss Quant’s Overledger technology in more detail. According to the Quant team, their Overledger is the only blockchain technology in the world capable of integrating blockchain into external systems such as multi-chain applications (mApps).

Here are some features of Overledger technology:

As mentioned above, Overledger includes a blockchain operating system. It sits on top of Distributed Ledger Technology (DLT) and is used to exchange data across multiple chains with many other networks.

Overledger allows the development of multi-chain tools (mApps) to work together on multiple blockchains and networks.

Overledger helps remove barriers for multiple blockchains to interact and connect together.

The structure of Overledger includes a transaction layer, a messaging layer, a filtering and sorting layer, and an application layer.

Layers can interact with each other, just like the OIS and TCP/IP models work together on traditional systems.

III.Quant Tokens and Token Economics Overview

Token Information

  • Token name: QNT

  • Blockchain: Ethereum

  • Smart Contract: 0x4a220e6096b25eadb88358cb44068a3248254675

  • Token Standard: ERC-20

  • Token type: Utility Token

  • Total Supply: 14,612,493 QNT

  • Circulating Supply: 14,544,190 QNT (the development team released all tokens on April 30, 2019).

Token Allocation

  • TGE ( Token Generation Event ) ( 54.55%) 。

  • Private & Presale (13.64%)。

  • Quant Reserve ( 18.13% ) 。

  • Founder ( 9.22% )。

  • Advisor & Staffs ( 4.45%)。

Token Utility

QNT, as the Utility Token of Quant Network, is used to connect and use other products and services on the network.

Additionally, QNT Token is used to verify transactions on Overledger. Users or multi-chain services, including all developers, must authenticate by using a QNT token connected to their mAppID and bpi-Key.

Developers use QNT tokens to:

  • Pay a license fee when they build software on Overledger.

  • Maintenance fees for applications on Overledger.

  • Pay for other services and utilities.

  • Developers will also collect QNT tokens from their applications.

Businesses use QNT for:

  • License fee for building applications on Overledger.

  • Platform fees.

  • Service maintenance fees and additional charges when used with other services.

  • Users can use QNT Token to use other mApps on Overledger.

IV.QNT Storage Wallet and Exchange

QNT storage wallet

QNT is an ERC-20 token. So you can store it on all wallets that support the ERC-20 standard:

  • Wallets on exchanges：IDEX、Upbit、Bittrex、..

  • Knows hardware：Ledger Nano、Trezor、..

  • Soft wallet : MyEtherWallet, MyCrypto, MetaMask,.

Redeem QNT

Currently, you can buy, sell, and trade QNT on many different exchanges, such as Binance, Kucoin, Coinbase, Kraken, and more.

route map

The project has completed its roadmap through 2019. There is no new roadmap this year.

team

Gilbert Verdian (CEO): Gilbert has worked in cybersecurity for 20 years at CIO/CTO/CISO level across the UK Government Financial Services, Government, Consulting and Industrial sectors. , HM Warehouse, Downing Street, Department of Health, Ministry of Justice. He is also the founder of the blockchain standard ISO Standard TC307, which is currently being developed by 40 countries.

Paolo Tasca (Chief Strategy Officer): Paolo Tasca is the head of UCL’s largest blockchain center in the world, the Blockchain Technology Center, and a digital economist with an economics background at the Bank of England.

Collin Patterson (CTO): Colin is a technology innovator with 20 years of experience in information, cybersecurity and AI across financial services, government and technology at Deutsche Bank.

Conclusion

Answered the question of what Quant is and provided information about the QNT token. Let’s learn and evaluate together to make the most informed investment decisions. Good luck! !

#ETH #cryptotrading #Web3#dyor#crypto2023#Binance#BNB#NFT #Metaverse