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Quant

Quant

QNT
#35
$165.78Down 7.33 percent($13.12)

Key Stats

Market Cap$2.46BDown 7.33 percent
Volume (24h)$74.44M
Fully Diluted Value$2.46B
Vol/Mkt Cap (24h)3.03%
Total Supply14.85M QNT
Max Supply∞
Circulating Supply14.82M QNT
Launch Date2018-06-25
Built OnETH
Token StandardERC20
Smart Contract Address0x4a22…4675
Decimal Places18

Quant Information

Websites
quant.networkWhitepaper
Industries
Cross-Chain Infrastructure

Quant Price Converter

QuantQNT
USD

The QNT smart contract displays a theoretical maximum supply of 45,467,000 tokens. However, as clarified by the Quant team, this number was never actually minted or issued. It represents the forecasted supply outlined in their business paper, not the real-world token supply. The team explicitly stated that they only created tokens necessary for the Token Generation Event (TGE) and the reserve allocation, leaving the remainder uncreated and permanently inaccessible.

Following the TGE, the Quant team reported a total issued supply of 24,431,259 QNT, including tokens sold to the public (9,964,259 QNT) and company reserves (14,467,000 QNT). As part of their process, they did not mint unsold tokens, ensuring that the theoretical maximum supply would remain higher than the actual supply.

In our calculations conducted in November 2022, we identified a total of 24,400,000 QNT tokens existing across all wallets. This figure, referred to as the issued supply, aligns closely with the team's statements and forms the basis of our current reporting. From this issued supply, we subtract the burned tokens to calculate the updated total supply.

The discrepancy between the theoretical supply on the contract and the actual issued supply results from the Quant team’s decision to limit token creation during the TGE. While the smart contract cannot be updated to reflect this, our methodology ensures that only the accurate, real-world token supply is presented, offering transparency and clarity to the community.

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Quant Markets

View all
InstrumentExchangeBenchmark DataPrice24h Change
QuantUSD logo
QNT-USD
QNT-USD
coinbase logocoinbase
AA
166.27USD
-6.77%
QuantUSDT logo
QNT-USDT
QNTUSDT
binance logobinance
AA
166.58USDT
-6.79%
QuantUSDT logo
QNT-USDT
QNT_USDT
whitebit logowhitebit
BB
166.67USDT
-6.76%
QuantUSD logo
QNT-USD
QNTUSD
kraken logokraken
AA
166.40USD
-6.79%
QuantUSDC logo
QNT-USDC
QNT_USDC
whitebit logowhitebit
BB
166.10USDC
-7.16%

Quant Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
QNTERC20ETH0x4a220e6096b25eadb88358cb44068a32482546752018-06-25
EQNTERC20NRG0x462B35452E552A66B519EcF70aEdb1835d4349652021-03-08

About Quant

Quant is a cryptocurrency project that aims to connect blockchains and networks on a global scale without sacrificing efficiency through the creation of the Overledger Network, the first blockchain operating system. The Overledger Network uses APIs to connect different blockchains and allows developers to build decentralized multi-chain applications (MApps) for their users. Quant uses a hybrid consensus mechanism combining proof-of-stake (PoS) with proof-of-activity (PoA), a unique variant of proof-of-work (PoW). Its native cryptocurrency, QNT, is an ERC-20 token used as a means of exchange and security token on the platform, enabling holders to participate in governance and pay fees. Developers must hold QNT to create MApps on the Quant network, which are used to power the network and pay for services. The platform was cofounded by Gilbert Verdian, who served in the UK and Australian governments, and Dr Paolo Tasca, a digital economist and advisor to the UN on blockchain technology.

Frequently Asked Questions

Quant is a cryptocurrency project that launched in June 2018 with the goal of connecting blockchains and networks on a global scale without sacrificing efficiency. To achieve this, Quant has developed the Overledger Network, which it describes as the first blockchain operating system. The Overledger Network is designed to allow applications to operate on multiple blockchains, providing a bridge between them and allowing them to interoperate. This is accomplished through the use of APIs, which allow different blockchains to communicate and exchange data with one another.

One of the key features of the Overledger Network is its ability to support the development and deployment of decentralized applications (dApps). These dApps, also known as MApps (multi-chain applications), can be built by developers and used by their users on top of the Overledger Network. This allows developers to create applications that can function on multiple blockchains, rather than being limited to just one.

In terms of its technical implementation, Quant uses a hybrid consensus mechanism that combines proof-of-stake (PoS) with a unique variant of proof-of-work (PoW) called proof-of-activity (PoA). This hybrid approach is intended to provide the benefits of both PoS and PoW while minimizing their respective drawbacks.

Overall, Quant aims to provide a decentralized, open-source platform that can support the development and deployment of dApps across multiple blockchains, enabling greater interoperability and connectivity within the broader cryptocurrency ecosystem.

QNT is the native cryptocurrency of the Quant network and serves as a means of exchange and security token on the platform. It enables holders to participate in the governance of the network and can be used to pay fees and secure the network through the proof-of-stake (PoS) and proof-of-activity (PoA) consensus mechanisms. Developers looking to create a multi-chain application (MApp) on the Quant network must hold a specific amount of QNT tokens, which are used to power the Overledger Network and pay for services developed on top of it. QNT is an ERC-20 token, meaning it is built on the Ethereum blockchain and follows the ERC-20 standard.

Quant says its technology is the brainchild of its cofounder Gilbert Verdian, who while serving at HM Treasury in the UK Government in 2009, and later as Chief Information Security Officer for a Department of Health in Australia “realised the full potential of DLTs [distributed ledger technologies].”

The platform was also cofounded by Dr Paolo Tasca, an entrepreneur and digital economist specialized in distributed systems. Dr. Tasca has served as a special advisor on blockchain technology at the United Nations and worked with central banks throughout the world.