Quant network is composed of several key components, each playing a vital role in its functionality and ecosystem. $QNT token is way ahead of the adoption game. It has already plenty of partnerships and real life use cases. Let’s breakdown Quant Network and $QNT token:
Quant Network: key components
Overledger Network and Licensing Model
At the core is the licensing model. This model allows developers and enterprises to access the Overledger Network. Overledger Network is an Enterprise Distributed Ledger Technology (DLT) system that connects various DLTs and API-based systems. Developer licenses enable the creation and publishing of applications, while enterprise licenses facilitate the connection of in-house DLT assets to partners and third-party developers.
Overledger
Enterprises and Developers will need to pay for reads and writes to Overledger. Developers will need to make payment in QNT based on a FIAT value whilst enterprises will pay in FIAT which then gets converted to QNT through the treasury. As enterprises will have larger volumes of usage, there will be multiple payment options for:
- pay-as-you-go
- pay in arrears
- pay in advance (pre-pay)
- unlimited usage
- number of users
System Users and End Users
Users and end-users interact with the system through QNT tokens, which grant access to multi-chain decentralized applications (mdApps) within the Overledger ecosystem.
Community treasury and marketplaces
The community treasury is another essential part, operating trustlessly with Layer 2 unidirectional payment channels to enable scalable payments in QNT. Consumption fees, paid in QNT, are required for using Overledger and its gateways, with various payment options available. The Overledger Network itself allows gateways to earn fees in QNT for processing requests, while the marketplaces provide a platform for developers, data holders, and service providers to sell and advertise their services.
Multi-chain oracles
Multi-chain oracles enable data providers to sell off-chain data across the network, and gateway staking requires operators to lock QNT to process requests, with potential staking rewards. Signing of transactions is done using QNT to ensure confidentiality and integrity. Additional aspects include platform fees, add-on services, and a unique licensing process that locks up QNT to reduce circulating supply.
$QNT Token
The overall token supply is 14.6 Million QNT. It is coupled with various lockup mechanisms, creates deflationary pressures that can influence the price of QNT. Together, these components form a complex and interconnected system. It drives Quant’s vision of scalable interoperability and innovation in the blockchain space. Unlike most projects where only specific users need the token, in Quant’s system, everyone, including enterprises, needs the token. This is where most adoption will likely occur. Instead of enterprises having to purchase from exchanges, the Quant Treasury enables them to pay in FIAT, and then it converts the payment to QNT.
Open Source Connectors
Open Source Connectors form a significant part of Quant’s Overledger Network. Connectors are allowing for a seamless integration of various blockchains and APIs. Quant plans to release these connectors, enabling developers to connect any blockchain or API to the Overledger Network, making it a true “Network of Networks.” This initiative is aligned with globally recognized standards, specifically ISO TC 307. By increasing the variety of data sources and services, it will lead to the development of more complex multi-chain applications, fostering innovation and encouraging further development of connectors. This approach embodies Quant’s vision of creating a scalable and interoperable network that transcends individual blockchain ecosystems.
The Quant Team
Quant’s leadership team is comprised of individuals with extensive experience and connections in the financial, technological, and governmental sectors. Their collective expertise positions Quant to navigate the complex landscape of blockchain technology, cybersecurity, and global payments. The team’s background in managing large-scale systems and networks, coupled with strategic partnerships and collaborations, underscores Quant’s potential to innovate and lead in the blockchain.
Gilbert Verdian, CEO
With over 20 years of industry experience, Gilbert Verdian has an impressive CV that includes working for PWC, HSBC, EY, and various government roles. He has been part of committees for the European Commission, US Federal Reserve, and the Bank of England. Before founding Quant, he was the Chief Information Security Officer for Vocalink (Mastercard), managing security for the entire UK payments system, handling £6 Trillion per year.
Martin Hargreaves, Chief Product Officer
Martin Hargreaves recently joined Quant as the Chief Product Officer, bringing 12 years of experience at Vocalink. He served as the Vice President of Product at Vocalink (Mastercard), which manages the entire payments system for the UK and other payment networks in the US, Singapore, and more.
Guy Dietrich, Board of Directors
Guy Dietrich, the managing director of Rockefeller Capital (managing assets worth over $30 billion), joined Quant’s board of directors. He has personally attended meetings with Gilbert Verdian, such as those with the Financial Conduct Authority in the UK.
Neil Smit, Board of Directors
Neil Smit, Former CEO and now Vice Chairman at Comcast (the 2nd largest broadcasting and cable television company in the world), has joined Quant’s board of directors. He brings valuable experience in large-scale Internet networks and will contribute to the company’s growth.
Where to buy $QNT token ?
The $QNT token, which is an essential part of the Quant Network, can be purchased on various cryptocurrency exchanges. QUANT is in Top 100 of all Crypto assets at the time of writing, therefore the token is available on majority of crypto exchanges. You can buy QUANT ($QNT) here:
- Binance – the biggest and most popular crypto exchange
- ByBit
- Gate.io
- Kucoin
- MEXC
- full list of exchanges offering QUANT token could be found on CoinGecko
When purchasing $QNT or any other cryptocurrency, it’s essential to use a reputable exchange and follow best practices for security. This includes using two-factor authentication, withdrawing your tokens to a secure wallet if you’re not planning to trade them, and being aware of the fees and regulations associated with buying and selling cryptocurrencies in your jurisdiction. Always do your research and consult with a financial advisor if you have any questions or concerns about investing in cryptocurrencies. This is not a financial advice.
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