Getting to Know Quant!
In the wild world of cryptocurrencies, every token has its own game plan. Quant is no different, tackling one of the biggest headaches in blockchain: making different systems play nice together.
What’s Quant All About?
Quant is all about connecting the dots between different blockchains and old-school systems. Think of it as a universal translator for networks. The Quant network has two main parts: the Overledger Operating System (OS) and the Overledger Network. The Overledger OS is like the Swiss Army knife for creating multi-DLT apps, which can run on various blockchains. This tech is all about making it easier to mix and match the best features of different ledgers, sparking innovation and growth in blockchain use. The QNT token, living on the Ethereum blockchain as an ERC-20 token, is your ticket to this interconnected party. As blockchain tech keeps growing, solutions like Quant are becoming essential for a more connected future.
So, if you’re asking, "What’s QNT?"—it’s not just another digital coin. It’s a key player in the game of linking up blockchains. By focusing on a universal DLT gateway, Quant is setting itself up as a cornerstone in the blockchain world SoFi.
The Brains Behind Quant
Quant was dreamt up by Gilbert Verdian in 2018. After a successful initial coin offering (ICO) that pulled in $11 million, the project took off. Verdian isn’t new to the tech scene; he’s got a solid background in technology and cybersecurity.
Backing him up is a sharp team, including Jean-Paul de Jong, the chief architect, and Colin Paterson, the chief technology officer. Together, they’re steering Quant towards its goal of making blockchains get along. Their combined expertise and vision are driving the project forward SoFi.
The foundation Verdian and his team have built with Quant shows the power of connecting the world through blockchain. As they move forward, their teamwork and strategy will be crucial in unlocking the full potential of the Overledger network and the QNT token.
Multi-Ledger Tokens (MLTs)
Quant isn't just about connecting blockchains; it's also introducing Multi-Ledger Tokens (MLTs). These tokens are digital assets backed by real money held in escrow with a trusted bank. MLTs are super flexible and can be used for things like stablecoins, vouchers, loyalty points, and eMoney for cross-border payments SoFi.
The big win with MLTs is their ability to work across different ledgers, boosting the liquidity and usefulness of these digital assets. By rolling out MLTs, Quant is not only making blockchain more efficient but also linking traditional finance with the new DLT world.
Quant's offerings, like the Overledger DLT gateway and Multi-Ledger Tokens, are pushing the blockchain industry forward. They provide a fresh way to connect old systems with new tech, opening the door for widespread adoption and innovation. The QNT cryptocurrency, the native token of this ecosystem, is key to making transactions and services within the Quant network run smoothly.
Market Capitalization
Market cap is like the scoreboard for cryptocurrencies. You get it by multiplying the price of one token by the total number of tokens out there. Right now, QNT has a market cap of $1,059,681,712, putting it at #78 on CoinGecko.
There's also something called the fully diluted valuation (FDV), which assumes all 15 million QNT tokens are in circulation. This FDV is $1,064,659,244. It's a "what if" scenario that shows the max market cap based on current prices, but it doesn't reflect the immediate market cap since it depends on how QNT tokens are released CoinGecko.
