There are over 10,000 cryptocurrency systems running on the blockchain. But do you know that each currency, even the top ones like Bitcoin and Ethereum, faces a similar issue? It’s none other than interoperability – the mechanism that lets different blockchains connect. With new innovative applications and trends entering the crypto world, blockchains must connect to enable services access on either platform.
This is where Quant, a breakthrough cryptocurrency, comes in. Read along to learn all you need to know about it!
What is Quant crypto?
Quant is a unique cryptocurrency that solves one of the most pressing issues of blockchain, i.e., interoperability. It’s known for its Overledger API – a gateway that ensures smooth connection and communication between blockchains.
Furthermore, developers can create “mDApps” and multi-DLT smart contracts, which can work across as many blockchains as possible. Previously, this wasn’t possible, and a DApp would only work on its specific blockchain. Thanks to Quant, developers can now make their DApps accessible on any blockchain.
Like every cryptocurrency, QNT is the native currency of Quant. Even though QNT is an ERC-20 token, it can switch to any other blockchain. QNT is governed as a utility token since it enables users to access the application. Let’s now take a deeper dive and learn more about the visionaries who invented Quant.
Who created the Quant coin?
Gilbert Verdian is the visionary behind Quant’s creation. He created this revolutionary token back in 2018, and it soon became known as an OS that connects all blockchains. Before Quant, Verdian held management and C-level roles in top corporations, including PwC and Vocalink.
His vast knowledge and 20 years of industry experience in the technology and security sectors allowed him to discover the loopholes in the blockchain. He also created a Blockchain standard, ISO TC307, which is implemented in over fifty countries. His motivation to create Quant sparked when he witnessed the inefficient exchange of information in the healthcare sector.
With the belief that interoperability is essential to register patients’ on various platforms, Verdian decided to make his mark in the blockchain world. But Verdian wasn’t alone. During the early years, Dr. Paolo Tasca and Colin Paterson also partnered with Verdian to develop Quant.
While these two co-founders aren’t with the company anymore, they both are equally known and respected in the crypto space. Quant is here to work with multiple blockchains. However, several cryptocurrencies operate slightly similarly to Quant. Let’s take a look at some prominent ones.
Quant Comparison
Quant vs. Chain Link
Chainlink is a decentralized oracle network built on the Ethereum platform. It uses a network of computers to integrate off-chain information (real-world data) on cryptocurrencies via smart contracts. Additionally, Chainlink also uses Cross-Chain Interoperability Protocol (CCIP) which transfers smart contracts across blockchains.
While the CCIP might be similar to Quant’s Overledger network, both networks’ purposes and use cases differ. Here’s why: QNT increases interoperability between crypto networks, while Chainlink uses CCIP to communicate smart contracts.
So, the significant difference between the two networks is that Chainlink connects real-world data, including transaction history or payment methods, to smart contracts. In contrast, Quant facilitates the transfer of digital assets between different blockchains quickly. Furthermore, another minor difference is that Chainlink is an open-source platform, while Quant is a closed one, which is built by in-house developers.
Quant vs. Polkadot
Polkadot is similar to Quant since it also focuses on interoperability. However, it allows blockchain to connect without a middleman (intermediary). While Polkadot and Quant are similar on many levels, they have several key differences.
Quant aims to connect multiple sectors, including data providers, blockchains, and enterprise platforms. However, Polkadot only interoperates with blockchains built on its network and is attached to the relay chain. Moreover, Quant operates as an API network, where its Over Ledger function connects different blockchains. Polka-dot, however, exists as a layer zero blockchain, enabling multiple blockchain networks to be built on its relay chain.
Last but not least, Quant aims to draw the attention of developers who want to create mApps on its network. However, Polkadot focuses on encouraging developers to build blockchains on its software.
Quant vs. Solana
Solana is a singular blockchain that has created a unique proof-of-history mechanism that enables it to validate transactions simultaneously quickly. It’s known to be a faster and more scalable system, allowing the creation of Dapps and De-Fis. Moreover, Solana also has a structured layer that makes it interoperable with other blockchains to trade digital assets.
However, Solana is unrelated to Quant, as the end goals and use cases are entirely different. For example, Quant only provides a faster way to transfer digital assets, while Solana is an open-source platform that facilitates the development of smart contracts.
Where to buy Quant?
You can purchase QNT tokens from several exchanges. The first common choice is exploring cryptocurrency exchanges, such as Binance and Coinbase. Fortunately, brokers have started to realize the importance of cryptocurrency. So, you can also likely find brokerage firms that deal in QNT tokens.
Some common exchanges to purchase and sell QNT tokens include Uniswap (V2), Hotbit, 1 inch exchange, Bittrex, and more. The best part is you can even trade QNT against other cryptocurrencies, including Bitcoin, Ethereum, fiat currencies, and stablecoins. But you know, like every crypto-token, you’ll also need QNT tokens to access the Quant network.
Since QNT is a utility token, it has several use cases. First, developers must purchase licenses using QNT tokens to access the platform. It’s possible to purchase QNT using fiat currency, which is paid to the Quant treasury. Secondly, QNT tokens are also used to pay for using the Overledger system.
How to buy Quant?
You know that QNT can be purchased from exchanges. But what’s the process of buying them? Here’s a stepwise guide that will help you purchase QNT tokens.
Step 1: Register with an Exchange
Access the Binance Exchange. Once you do that, create an account and sign-up using your email address or phone number. This is to verify identity for compliance purposes.
Step 2: Choose how you want to purchase QNT
Most exchanges offer multiple options to purchase tokens. Here are the popular ones:
- Bank transfer: Link your bank with the exchange and transfer fiat money to the exchange wallet.
- Debit/credit card: Setup your Visa or Mastercard to initiate the token purchase.
Stablecoins: If you already have USDT stablecoin in your account, you can purchase through the spot market section.
Step 3: Click “Buy”
Find the Quant cryptocurrency on the exchange and enter the amount you want to buy. Once done, click on purchase and wait until a confirmation message pops up.
Step 4: Store the QNT tokens
Once you have purchased the tokens, you can store them in your exchange or personal crypto wallet. You can also trade it for other currencies or stake it to earn rewards.
Is Quant a Good Investment?
According to future outlooks, yes, it is. You see, Quant emerged as a problem-solver, and its unique features and ultimate interoperability promises long-term growth. As per coinmarketcap, here are the tokenomics of QNT as of today:
- Market capitalization: $1,554,000,000
- Full diluted MCAP: $1880,000,000
- Maximum Supply:14,612,493
- Circulating supply: 12,072,738
- Market price: $128
Despite the recent market breakdown, Quant recovered from $40 in June to a maximum of $228 in October, indicating strong demand for QNT. Furthermore, The series of developments in the Quant network makes it a promising investment. For example, Quant upgraded its Overledger software, which improved the token functionality.
Similarly, Quant has developed its NFT standard and is even supporting central bank digital assets. However, the currency is volatile, but the forecast suggests that the value will grow in the long term. Let’s dig deeper to learn about future predictions.
Price Prediction (2025-2030)
Analysts believe that Quant price will rise in 2025. Their conclusion is based on the conclusion that there will be a gradual increase in the acceptance rate of cryptocurrencies across multiple business sectors. Hence, the price might reach an all-time high of $490, with the average and lowest being $452 and $410, respectively.
Similarly, analysts believe that the upward trend will continue until 2030. But why? See, it’s expected that there will be capital growth and QNT adoption will increase globally. Plus, who knows, the federal laws and regulations might also relax, which will further boost the demand.
The table below shows the expected QNT price for the years 2025-2030:
| Year | Minimum | Average | Maximum |
| 2025 | $410 | $452 | $490 |
| 2026 | $542 | $510 | $615 |
| 2027 | $671 | $705 | $750 |
| 2028 | $800 | $840 | $878 |
| 2029 | $930 | $970 | $1007.38 |
| 2030 | $1059 | $1097 | $1130 |
Is Quant safe?
From the investment perspective, no. Quant isn’t a stablecoin, like USDT, which means it can fluctuate uncontrollably. This is why its value can’t be reliably calculated. Therefore, it’s highly recommended to consider the risks before finalizing investment decisions.
Quant might be safe if you look at it from a security perspective. The good news is that the chance of a security attack is rare since the Quant network can’t be forked. Moreover, there haven’t been any hacking incidents associated with Quant in the past. So, it’s safe to say that Quant is a secured investment. Plus, the network releases new updates and security features to eliminate loopholes.
Parting thoughts!
The unique features of Quant continue to resolve the interoperability issue associated with cryptocurrencies. Even though it’s a ground-breaking token, it aligns with the overall crypto market.
The forecasts might help in decision-making, but they aren’t a long-term solution because the market is uncertain and fluctuates constantly. Quant is indeed an exceptional token, but to say that its price will always rise in the future would be a misstatement. So, the best approach is to conduct your due diligence and factor in the risks before moving forward. Happy Investing!
We Coin-Labs provides only objective information about Quant.
Therefore, we are not responsible for the investment decision in Quant and the resulting loss.
Quant Basics
The primary characteristics of Quant are as follows.
| Cryptocurrency Features | Quant (QNT) |
|---|---|
| Publisher or Developers | Gilbert Verdian |
| Jurisdiction of Incorporation (Registration Number) | UK |
| Symbol | QNT |
| Platform | |
| Published Date (CMC Registration) | 2018-08-10 |
| Max Supply | 14,612,493 QNT |
Investment Suitability of Quant in 2023
The results of the Quant investment suitability evaluation conducted by Coin-Labs are as follows.
| Investment Suitability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the Top 4 Exchanges in Korea | Listed on Exchanges |
| Listing Status on the World's Top 10 Exchanges | Listed on 4 Exchanges |
| Number of Available Pairs Worldwide | 135 Pairs |
| Market Cap of the Cryptocurrency | 2,237,781,623,568 KRW (Rank #35) |
The table above shows the result of investment suitability evaluation for Quant.
More descriptions about the rating items can be found here.
Quant Price
The price and recent trading volume of Quant are as follows. (Data of 2023-01-27 17:10:24)
| Price Items | Price and Trading Volume of Quant |
|---|---|
| Quant Price | 185,358.253 KRW |
| Price Change 24h | -1.51% |
| Price Change 7d | 9.31% |
| Trading Volume 24h | 55,876,242,219 KRW |
| Trading Volume Change 24h | -47.47% |
Cryptocurrency Metadata
You can check the development status and social media information of Quant through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | https://quant.network/ |
| 📖 White Paper | |
| 🛰️ Source Code (GitHub) | https://github.com/quantnetwork/ |
| https://twitter.com/quant_network | |
| https://reddit.com/r/QuantNetwork | |
| 🎺 Message Board | https://medium.com/@quant_network |
Korean Crypto Exchanges where Quant is Listed
Korean crypto exchanges where Quant is listed in 2023 are as follows.
| Top4 Exchanges | Listed Status | Page URL |
|---|---|---|
| Upbit | Not listed | |
| Coinone | Not listed | |
| Korbit | Not listed | |
| Bithumb | Not listed |
World Crypto Exchanges where Quant is Listed
World crypto exchanges where Quant is listed in 2023 are as follows.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/QNT_BTC?theme=dark&type=spot |
| Huobi | Not listed | |
| Coinbase | Listed | https://pro.coinbase.com/trade/QNT-USD |
| FTX | Not listed | |
| Kraken | Listed | https://trade.kraken.com/ko/charts/KRAKEN:QNT-EUR |
| KuCoin | Listed | https://www.kucoin.com/ko/trade/QNT-USDT |
| Bitfinex | Not listed | |
| Bithumb | Not listed | |
| Gate.io | Not listed | |
| Bitstamp | Not listed |
Frequently Asked Questions
What is the current price of Quant?
Quant price today is 185,358.253 KRW. Furthermore, the price of Quant has fluctuated by -1.51% from 24 hours ago, and by 9.31% from a week ago.
Where is Quant listed?
Currently, it is listed on a total of among the 4 largest exchanges in Korea, and is listed on a total of 4 among the world top 10 exchanges.
What is the market cap of Quant now?
Currently, Quant has a market cap of 2,237,781,623,568 KRW, which is ranking 35 among cryptocurrencies worldwide.
How much is the trade volume of Quant?
Currently, 12,072,738 QNT coins are circulating through 135 market pairs. As a result, in the last 24 hours, 55,876,242,219 KRW of QNT coins were traded in the market.
