What is Quant (QNT)?

Quant (QNT) is a cryptocurrency that operates on the Ethereum blockchain. It was created to facilitate the development of decentralized applications (dApps) and smart contracts. At its core, Quant aims to provide a secure, scalable, and interoperable platform for dApps development. It utilizes a unique consensus algorithm called "Quantum Proof-of-Stake" that combines the security of PoS with the efficiency of PoW.

One of the main advantages of Quant is its ability to connect different blockchains and networks through the use of "Overledger," a proprietary technology that acts as a bridge between different systems. This enables users to access a wider range of assets and data, as well as facilitating the creation of new financial products and services. Its infrastructure allows organizations and governments to connect their products with multiple blockchains and transfer data more efficiently between systems. 

In addition to facilitating blockchain interoperability, Quant is involved in the development of central bank digital currencies (CBDC) and has extensive experience working with central banks in the US and UK. 

The Quant network is powered by QNT, its native cryptocurrency token, which is used for transactions and payments within the network.

About QNT

The QNT token is the native cryptocurrency of the Quant network, designed as an ERC-20 token but with the ability to seamlessly transition to any other blockchain. QNT is also used as collateral for running nodes on the network and for participating in governance and decision-making processes. As a utility token, QNT is governed by the Swiss Financial Market Supervisory Authority (FINMA) and provides users with online access to the network's applications and services.

Developers need to possess QNT tokens to develop on the Overledger platform, while licenses for the services provided by the Quant Network can be obtained by purchasing them with fiat currency. The Quant Treasury then converts the fiat currency to QNT crypto, allowing businesses to purchase licenses in a compliant manner without having to directly interact with exchanges.

In addition to developers, end-users of the Overledger ecosystem require QNT tokens to use multiple decentralized applications (mDApps) and access the network. For example, QNT is necessary for renewing the license key annually.

What Makes Quant Unique?

Quant (QNT) is a unique blockchain technology that offers a range of features and benefits that set it apart from other blockchain platforms. One of the key factors that makes the Quant blockchain unique is its ability to facilitate interoperability between different blockchain networks. Unlike traditional blockchain platforms that operate in isolation, the Quant blockchain is designed to connect various blockchains, enabling seamless communication and collaboration between them. This makes it easier for developers and businesses to leverage the benefits of multiple blockchain networks without having to navigate the complexities of integrating different protocols.

Quant's Proof-of-Stake (PoS) consensus mechanism is unique and different from other blockchains because it is designed to optimize performance and security while reducing energy consumption. 

Unlike traditional PoS protocols, which rely on the random selection of validators to create new blocks and validate transactions, Quant’s Proof-of-Stake uses a "weighted" selection process that takes into account the size of a validator's stake and its reputation within the network. This helps to ensure that validators with the largest stakes have the greatest influence over the network, while also reducing the risk of centralization.

Furthermore, the network’s Proof-of-Stake protocol is designed to be resistant to attacks by quantum computers, which are widely believed to pose a significant threat to the security of traditional blockchain networks. By using a combination of cryptographic techniques and advanced mathematical algorithms, the protocol ensures that even if a quantum computer were to attack the network, it would not be able to compromise the security of the system.

Finally, the use of Proof-of-Stake also reduces the energy consumption required to operate the network compared to traditional Proof-of-Work (PoW) protocols. This is because PoS does not require miners to perform complex mathematical calculations to validate transactions, which consumes a significant amount of energy. As a result, Quant's PoS protocol is more environmentally friendly and sustainable than PoW-based blockchains.

Overall, the unique combination of interoperability, performance, scalability, and broad support for dApps and smart contracts make Quant blockchain a highly versatile and powerful platform that is well-suited to a wide range of applications in various industries, such as finance, healthcare, supply chain management, and energy.

A Historical Look at Quant (QNT) Price

QNT has experienced significant growth and adoption in recent years, making it an attractive investment opportunity for many cryptocurrency enthusiasts. With a market cap of over $1.3 billion USD and a ranking of 42 on CoinMarketCap (as of April 2023), QNT has been attracting plenty of attention from investors and traders alike.

A historical look at the Quant (QNT) price reveals an impressive growth trajectory. In early 2018, the price of QNT was hovering around $1 USD, but by mid-2019, it had skyrocketed to over $12 USD. Moreover, in the 2021 bull market, QNT performed spectacularly, reaching an all-time high of over $428 USD. In the bear market of 2022, QNT (as well as most other crypto assets) has decreased significantly, tanking at around $50 USD. After that, despite some fluctuations in price, QNT has continued to trend upwards, and as of April 2023, its price is around $100 USD.

The impressive growth of QNT can be attributed to a number of factors, including its innovative technology and use cases in the finance and supply chain industries. Additionally, the team behind QNT has a strong track record of delivering on their promises and executing their vision.

Quant (QNT) All-Time High Price

The Quant (QNT) all-time high price was recorded on September 11, 2021, at over $428 USD. This represents a massive appreciation of over 2000% compared to the initial listing price of QNT in 2018. The price surge of QNT can be attributed to its unique technology and strong fundamentals, but also to the generally positive market sentiment from 2021’s bull market. 

Quant (QNT) All-Time Low Price

Historical analysis indicates that the all-time low price of Quant (QNT) was approx $0,2 USD, around the time QNT was listed for the first time. However, since then, QNT has shown a significant increase in value, as a testament to the growth and potential of the Quant network.

What Is the Popularity of Quant?

Overall, the popularity of Quant is reflected in its market capitalization, which has grown significantly over the past year. As of April 2023, the market cap of QNT is over $1.3 billion USD, making it a valuable token in the cryptocurrency market. This growth is a testament to the growing interest in Quant and the potential of its unique features and technology.

One of the key factors contributing to the popularity of Quant is its focus on interoperability, which allows different blockchain networks to communicate with each other seamlessly. This is achieved through the use of Overledger, a blockchain operating system developed by Quant, which allows for the creation of decentralized applications that can interact with multiple blockchain networks.

Another factor driving the popularity of Quant is its partnerships with major players such as Oracle and Amazon AWS. These ventures have helped to increase the visibility of Quant and demonstrate its potential for solving real-world problems in areas such as supply chain management, finance, healthcare, and more.

Where Can You Buy Quant?

You can simply buy Quant (QNT) on the Coinmetro exchange in just a few seconds. Sign-up for an account, if you are not already registered, deposit funds instantly and buy QNT and 60+ other crypto assets with just a few clicks. 

Quant FAQ

Could Quant Reach $1000? 

It’s impossible for anybody to certify whether or not Quant (QNT) will ever reach $1000 USD. However, it is worth noting that the cryptocurrency has shown significant growth over the past years. As of September 2021, the price of QNT topped an impressive value of over $428 USD per token. As the network continues to innovate its technology and provide services to an increasing number of established companies (Oracle, Amazon AWS), there is a broad acceptance of the fact that QNT could reach new all-time highs in the next bull run. 

However, it's important to remember that past performance is not necessarily indicative of future results. Investors interested in QNT or any other cryptocurrency should always conduct their own research, assess their risk tolerance, and perhaps consult with a financial advisor before making any investment decisions.

What Will Quant Price Be In 2025?

It is difficult to predict the exact price of Quant (QNT) in 2025, as the cryptocurrency market is highly volatile and subject to many factors, such as market trends, investor sentiment, regulatory developments, and technological advancements. However, QNT has shown a 2000% growth since its launch, and some analysts and investors are optimistic about its potential for further growth in the future.

In the 2021 bull run, QNT did very well, exceeding expectations by reaching over $428 USD. Given that innovation and development never cease at the network, the next bull run could potentially push Quant to new all-time highs.

As with any investment, it is important to conduct thorough research, assess risk tolerance, and consult with a financial advisor before making any decisions regarding QNT or any other cryptocurrency.

Is Quant a Risky Investment?

As with any investment, there is always some degree of risk associated with investing in Quant (QNT) or any other cryptocurrency. The cryptocurrency market is highly volatile and subject to many factors, such as market trends, investor sentiment, regulatory developments, and technological advancements.

However, Quant’s underlying technology, which enables interoperability between different blockchain networks, has been gaining more and more recognition and adoption in the industry.

Some investors and analysts view QNT as a promising investment opportunity due to its unique features and potential for growth. 

While some may view QNT as a potentially rewarding investment, it is important to carefully consider the risks and weigh them against potential rewards before making any investment decisions.

How Many QNT Tokens Are Left?

The current Quant (QNT) Circulating Supply is 12,072,738 QNT. The total supply of QNT is 14,881,364. Therefore, as of April 2023, the total amount of QNT tokens that are left is 2,808,626 QNT.