90 Days Average: $ Volatility Score (from 1 to 100)
90 Days Average: $
90 Days Average: $
90 Days Average: QNT
The heart of the Quant project is the Quant Network as a technology that automates trust functions between multiple blockchains using the Overledger operating system. The system is billed as the first operating system to connect blockchains and networks on a global scale, but without hindering their interoperability.
Overledger represents the core around which a future digital economy ecosystem is expected to be built, allowing developers and businesses to build decentralized multi-chain applications (known as MApps) for their customers. However, becoming a part of Overledger will only be secured using QUANT (QNT) tokens, which are used to pay platform usage fees or annual licenses.
The idea for creating the Overledger/Quant was birthed in the head of the project’s CEO and founder Gilbert Verdian while working in the healthcare sector. He then identified the crucial role of interoperability in ensuring coverage for patients registered on diverse networks and featured across multiple datasets. With this in mind, the team led by Verdian set about solving a bunch of problems to create a future concept called the “Internet of Trust”:
Removing communication barriers between blockchains and supporting the use of MApps as dApps running on multiple different ledgers prompted the Overledger team to design an architecture that should support interoperability and scalability. The architecture in question was inspired by the TCP/IP models used with the communication networks. The developers decided that organizing it based on layers that perform separate tasks was the best way to achieve the platform’s goals, leaving Overledger with the following components:
QNT are tokens whose leading role is to provide digital access to a particular service, or an application (MApp) made part of the Quant platform. Login is provided for both users and developers.
The access fee will also be based on the fixed amount in fiat currency, depending on the number of tokens. For example, consumption fees for developers and enterprises at 10 USD per month include payments to Quant Treasury based on the equivalent price in QNT tokens.
As the number of users increases and the accompanying change in demand for QNT, the total number of tokens required to access the platform and applications may vary depending on the value of the tokens. Their number in circulation (as of March 2019, these figures amounted to more than 9 million out of 14.6 million in supply). Fixing the value of access fees to fiat should allow developers to hold more flexible amounts of QNT as its price can change against fiat. As of March 2019, Quant’s market capitalization stands at US$34 million, with QTN traded on cryptocurrency exchanges such as Bittrex, HotBit, and others.
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