What Is Quant (QNT)?
Quant (QNT) is a utility token associated with Quant Network, a blockchain interoperability project launched in June 2018. The project focuses on enabling communication between different blockchain networks and distributed ledger technologies (DLTs).
Quant Network was developed to address interoperability challenges between blockchain systems. Its core technology, Overledger, provides a platform for connecting different blockchains and existing enterprise systems without requiring changes to their underlying infrastructure.
Overledger enables developers and businesses to create applications that interact with multiple blockchain networks. These applications, known as multi-chain applications (MApps), can access and exchange information across different distributed ledgers.
QNT serves as the utility token within the Quant ecosystem. It was designed to support access to Overledger services, licensing and network-related functions. The token's role includes facilitating the use of Quant's technology by developers and enterprises, subject to the platform's access and payment requirements.
Quant Network was co-founded by Gilbert Verdian and Dr. Paolo Tasca. Verdian developed the concept while working in the healthcare sector, where he identified the need for interoperability between systems handling patient information. Tasca is a digital economist and researcher specializing in distributed systems and blockchain technology. He has advised institutions, including the European Parliament and the United Nations, on blockchain-related matters.
Quant (QNT) has a reported circulating supply of 12.07 million tokens, with a total supply of 14.88 million QNT and a maximum supply of 14.88 million QNT.
QNT is listed on Binance for trade and purchase. The live price of QNT is available and updated in real time on Binance.