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QNT

Quant Coin (QNT) Price Index

$ 115.22 Ƀ 0.00182894
  • MarketCap
    $ 1,673,176,874
  • Volume
    $ 65,108,298
  • Change
    2.36%
quant-networkQuant
$ 115.22
$ 115.22
2.36%
106,23
QNT
Quant (QNT)
$ 115.22
QNT
Quant (QNT)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on May 01, 2023 | 4 min
Updated on Nov 28, 2023

Overview: What is Quant Coin (QNT)?

The Quant token (QNT) powers the Quant Network. It is used to pay for access to the network’s Overledger DLT (distributed ledger technology). 

Quant is a DLT service provider that aims to improve connections and communication between blockchains. The project hopes to answer the interoperability problem for current, mostly vertical blockchain technologies. Quant is offering its Overledger technology as an infrastructure solution, enabling organizations and governments to connect their products with different blockchains and transfer data between systems.  

What Makes the Quant Coin Unique? 

Quant’s Overledger technology is not a blockchain but an application programming interface (API) to connect blockchains and allow the efficient sharing of information on the network. It is the first API for blockchains. 

The Quant Network was founded by Gilbert Verdian in 2015, and the project raised $11 million in an initial coin offering (ICO) in 2018. Quant is positioning itself to serve central banks and enterprise clients planning blockchain-based projects with its Overledger technology. It has also joined the Hyperledger community to enable interoperability with its technologies.  

What is Quant Coin Used For? 

Quant (QNT) is an Ethereum ERC-20 token and the utility token for the Quant Network Protocol.   

Users of Quant’s Overledger software pay for the service in QNT coin. They can also use fiat currency, which is then transferred into QNT by the Quant Treasury. QNT is also used for staking/locking and licensing fees.  

QNT is also a tradeable cryptocurrency available on many major cryptocurrency exchanges. It can be bought, sold, and traded as a crypto asset in addition to having utility for the Quant Network and Overledger. At the time of writing, the price of QNT is $104.50. The coin reached its all-time high of $384.98 in 2021.  

How is the Price of Quant Coin (QNT) Determined? 

The price of QNT is determined by supply and demand in the cryptocurrency market. All cryptocurrency prices, excluding stablecoins, are influenced by project fundamentals, market sentiment, broader financial markets, and regulatory threats. As QNT has utility in a network with technological purpose, in this case, interoperability between blockchains and organizations, its price may ultimately depend on the success of the Quant Network and Overledger API.  

How Is the Quant Coin (QNT) Network Secured? 

As QNT is an Ethereum ERC-20 token, the QNT coin and any transactions are secured by Ethereum’s technology and the Ethereum blockchain. Ethereum now uses a Proof of Stake (PoS) consensus mechanism to validate and secure transactions and add new blocks to the network. In Ethereum PoS, validators stake ETH on the network and participate in consensus to validate transactions and power the Ethereum blockchain.  

How Are New QNT Tokens Created & Earned? 

The maximum supply of QNT tokens is capped at just over 14 million, 9.9 million of which were sold to the public during the ICO. There are over 12 million QNT in circulation, with a further two million held by the company. These two million tokens are unlocked and may be sold or issued. It is possible to stake and earn QNT.  

Should I Buy QNT Crypto? 

A decision to buy QNT crypto should be based on either planning to use or support the Quant Network or Overledger technology or buying QNT as a crypto investment with a potential return. Deciding if QNT is a good investment requires knowledge of the entire cryptocurrency market, an analysis of QNT’s performance as a crypto asset to date, and factors like an investor’s risk tolerance. Cryptocurrency investments can be very high-risk. 

What is the Price Prediction for the Quant Token in 2025?   

Some Quant (QNT) coin price predictions expect the crypto to reach anywhere between $108 and $481 by 2025, with other forecasts putting the coin either lower or higher.  

What is the Price Prediction for the Quant Token in 2030? 

Many Quant (QNT) coin price predictions expect the cryptocurrency to reach anywhere between $211 and $524 by 2030, with other forecasts putting the coin either lower or higher. It is tough to predict future cryptocurrency prices and decide what Quant will be worth in 2030. Many projections are based on a broader recovery of the cryptocurrency sector and markets. That said, some predictions are bullish about the potential of the Quant Network and its technology for broader adoption.  

 

Most frequently asked questions about Quant

Is Quant coin a good investment? 

Deciding if QNT is a good investment requires an investor’s knowledge of the entire cryptocurrency market, an analysis of QNT’s performance as a crypto asset, and factors like the investor’s own risk tolerance. Cryptocurrency investments can be high-risk or high-reward. QNT is part of the Quant Network ecosystem. Quant is developing a technology with future potential should it be adopted. There are several competitors in the blockchain interoperability space.  

Why is the price of QNT so high? 

The QNT price is so high because the Quant Network can be connected to any DLT with ease, enabling it to serve as an excellent infrastructure service for enterprises and central banks. For example, it is well positioned for the evolving Central Bank Digital Currency (CBDC) market. 

Is Quant better than XRP? 

Quant (QNT) and Ripple (XRP) are cryptocurrencies with utility in their respective networks. They are part of projects aiming to garner wider technological use in the blockchain ecosystem. XRP is part of Ripple’s network, whereas QNT is an Ethereum ERC-20 token. 

Is Quant built on Ethereum? 

Yes, QNT is an Ethereum ERC-20 token and QNT coin, and any transactions are secured by Ethereum’s technology and the Ethereum blockchain. 

Does Quant crypto have a future? 

The Quant Network and Overledger DLT technology aspire to service large organizations and enterprises with technology that allows interoperability and data sharing between blockchains. Should Quant technology become widely used, the Quant (QNT) will have a lasting future.  

How many QNT coins are left? 

The maximum supply of QNT tokens is capped at just over 14 million, 9.9 million of which were sold to the public during the ICO. There are over 12 million QNT in circulation, with a further two million currently held by the company. 

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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