🔷 Crypto X-Ray #48: $QNT - the banks have arrived, but is the token needed?
Quant is building a bridge between banks and blockchains. The Clearing House selected it for its tokenized deposit network. Launch is planned for the first half of 2027.
The catch is that Overledger clients can pay in USD. The bank will become a client, but it won’t have to buy QNT. A compelling case, but not proof of demand for the token.
Under the hood: Overledger and Fusion Rollup. QNT is needed there for gas and staking, but the claim of 74 connected networks is still coming from the project itself.
The supply is fixed at around 14.6 million after the 2018 burn. The rumor that 65% was held at one address wasn’t confirmed: the company holds around 68,000 QNT (Blockworks, July).
Price is around $156, down 63% from its ATH. Nearly half of September’s $286 gains have been given back.
Catalyst: TCH launch and a clear role for QNT in settlements. Base case: $130–200; bullish case: $250–300; stress case: $100–120.
Not for those expecting dividends: holders have no rights to profits.
Do you believe in the banks or in demand for the token? 👇
#CryptoRay #QNT
Quant is building a bridge between banks and blockchains. The Clearing House selected it for its tokenized deposit network. Launch is planned for the first half of 2027.
The catch is that Overledger clients can pay in USD. The bank will become a client, but it won’t have to buy QNT. A compelling case, but not proof of demand for the token.
Under the hood: Overledger and Fusion Rollup. QNT is needed there for gas and staking, but the claim of 74 connected networks is still coming from the project itself.
The supply is fixed at around 14.6 million after the 2018 burn. The rumor that 65% was held at one address wasn’t confirmed: the company holds around 68,000 QNT (Blockworks, July).
Price is around $156, down 63% from its ATH. Nearly half of September’s $286 gains have been given back.
Catalyst: TCH launch and a clear role for QNT in settlements. Base case: $130–200; bullish case: $250–300; stress case: $100–120.
Not for those expecting dividends: holders have no rights to profits.
Do you believe in the banks or in demand for the token? 👇
#CryptoRay #QNT
