Quant (QNT) is a native token of Quant network. Quant Overledger, which was released in 2018 by Gilbert Verdian and Dr. Paolo Tasca is the first and only enterprise-grade solution in the world that offers genuine global Distributed Ledger Technology (DLT) interoperability without introducing extra infrastructure or complexity. Currently, the business assists numerous international organizations and businesses, including LACChain, in meeting their interoperability requirements.
According to the CPO of the company, by 2024, the world will be growing in terms of connectivity and will be a very different place from the world we see today. It will be a world where DLNs (Distributed Ledger) are mainstream. And a world which will offer huge benefits to governments, companies and individuals alike.
Quant is also a founder member of INATBA, a project started by a number of significant businesses promoting global adoption of blockchain technology. The creation of the ISO 20222 Standard, which would simplify international payments, has them heavily involved.
Tokenomics
Since the quantity of QNT is fixed at 14,612,493, there will never be any more tokens produced, unlike many other tokens (even Bitcoin, until it reaches the 21 million in circulation). A limited portion of the tokens that have already been unlocked are held by the Quant Team. Thus, due to the scarcity of QNT supply or limited supply, the price of the crypto is expected to rise over next few years.
QNT is available for Staking, and you can earn up to 4.0% APY on following exchanges;
Benefits of Quant Network
Data, smart contracts, and other applications may be transferred between blockchains more easily with the support of interoperability offered by Quant’s Overledger DLT Gateway. Since these DLT solutions are so simple to integrate with current systems, developers don’t need to run their own nodes owing to Quant’s common API. They can communicate directly with the blockchain they want. Quant is interesting to a broad variety of users because it can be deployed without any prior programming or cryptography skills. The fact that Quant cannot be forked means that there is no risk of losing connectivity between the many ledgers, which is another benefit to take into account.
Recent Developments
In November 2022, Quant Network collaborated with UST, a top provider of digital transformation solutions, in order to provide technical integration and tokenization services to central and commercial banks, as well as players in the finance capital markets.
In June 2022, Quant Network partnered with KPMG, one of the big four fintech companies to establish banking infrastructure.
In 2022, Quant underwent a massive Overledger update that greatly enhanced Ethereum performance and included an NFT token standard. Additionally, “Overledger Tokenise,” a new feature was released that enables developers to build digital assets that are compatible with the Polygon, Ethereum, and XDC Networks.
QNT Price Predictions
As of the time of writing QNT was trading at around $121. The coin is already 73.0% down from its all time high of $428. With growing adoption of CBDCs, businesses will gain new efficiencies in cross-border payments. This new type of money is definitely coming, with 19 of the G20 countries now testing central bank digital currencies. Thus, QNT is forecasted to surpass its all time high in the near future.
Further, the DLT market was valued at $3.0 billion in 2020 and is expected to grow to $39.7 billion by 2025. This, in turn, is projected to surge the price of QNT over the period of time.