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Quant

0.00%

Market Cap (USD)

$1.2B

24H VOLUME (USD)

$100

Daily change

$1.3

A price chart is a visual reflection of the market situation regarding a digital currency or other tradable assets. It presents the current rate, historical changes, trading volume, and a plethora of other details to help traders determine favorable times to place trades. The most useful information you can find on the chart changes in the QNT price in relation to fiat currency. This way, you will always know the QNT to fiat rates.

Quant (QNT) Price Chart

Ever since BTC was created, more than 10,000 cryptocurrencies have been launched on different blockchain platforms. Even though the first blockchain has undergone numerous enhancements, there are still challenges to face and issues to resolve. One of the most frequent is the absence of interoperability among blockchains. 

Namely, each blockchain system functions in a complicated and ostensibly individualistic way. This makes it difficult to evaluate their progress accurately using universal metrics. In turn, this may present problems for developers who create the software architecture, as well as enterprises that implement blockchain technology. 

Since every blockchain is built differently, compatibility and operability between networks tend to be hindered. Blockchains aren’t able to share data without implementing solutions whose costs can vary greatly in terms of money, energy, and time. 

It could be argued that the absence of interoperability between blockchains is one of the greatest threats to global crypto adoption. Luckily, a new possible solution to this issue is showing early promise. Introducing: the Quant Network. 

What is Quant (QNT)?

Quant (QNT) is a blockchain-based protocol and operating system that aims to attain universal interoperability among blockchains. To bridge the gap between different networks, Quant implements its unique Overledger operating system. It is the very first OS that is able to connect blockchains and ease the development of multi-chain applications.

Quant offers numerous blockchain solutions via Overledger that aim to provide handy and convenient plug-and-play solutions to better integrate platforms and enterprise software. The network implements a growing list of distributed ledger technology (DLT) and Application Programming Interface (API) linkers to enable blockchains to communicate via Quant’s Overledger API gateway. This is attained without sacrificing the efficacy, autonomy, or speed of each chain, making sure that each network retains its original properties.  

Though the technology behind it might appear complex, the API gateway asserts to develop routes to connect all technology types. This way, enterprises don’t have to modify entire ecosystems in order to incorporate blockchain technology.   

Contrary to other crypto projects, Quant is not open source. What’s more, most of the technology it implements is patented and requires a license to be used. In addition to concentrating on company blockchain services, Quant is seeking to consolidate multiple blockchains into the Overledger. It supports Bitcoin, Ethereum, Ripple, Stellar, Binance Chain, and other major networks. 

Brief history of Quant

Quant Network was founded back in 2015. However, it was three years later, in January 2018, that its whitepaper was released. Written by the network founders — Gilbert Verdian, Colin Paterson, and Paolo Tasca, together with Gaetano Mondelli — the Quant whitepaper described how Overledger, Quant’s OS, was supposed to work.

The first version of Overledger (Overledger 1.0) was released in June 2020 as a Software-as-a-Service (SaaS) product. The Quant community was able to test and give feedback on an experimental set of technologies with Overledger Gateways. 

Then, in January 2021, Overledger 1.5 was released, allowing the service mainnet to access Bitcoin, Ethereum, and XRP Ledger, along with compliance checking for additional mainnets. A few months later, in June 2021, Overledger 2.0 was launched featuring a straightforward and standard interface that could access all supported blockchains.

Who are the founders of Quant?

Quant was created by Gilbert Veridian, who is also its CEO. The Quant network was funded via an initial coin offering (ICO) that earned $11 million. The idea for the project was born while Veridian was working in the healthcare sector. He saw the significance of interoperability in making sure that patients who had been registered on various platforms retained their coverage. To get tangible results, Veridian made the most of his 20-year experience upgrading security, technology, and strategies at various international companies.    

The second co-founder, Paolo Tasca, is an entrepreneur and digital economist specializing in distributed systems. Tasca was also a consultant on blockchain technologies for the EU Parliament, U.N., and various central banks across the globe. 

How does Quant work?

Quant tackles one of the critical issues that distributed ledger technology (DLT) faces today — the lack of interoperability. Presently, there are thousands of DLTs on the market. Yet, the capacity of DLT-based data storage to interact with each other is severely limited. This results in technical obstructions, information islands, and a growing developer burden. 

Quant’s OS, Overledger, resolves these issues by linking private and public networks. Overledger enables seamless multi-chain communication, which allows developers to implement Quant to design strong and resilient apps.

Driven to get rid of communication obstacles across blockchains, Overledger implements TCP/IP models in communication networks to create an architecture that allows for interoperability and scaling. Simultaneously, it supports so-called multi-DLT smart contracts or Mapps working as decentralized apps (dApps) on multiple distinct ledgers.

Mapps are in essence smart contracts that exist across several ledgers, and allow dApps to use the data and capacities on multiple platforms to offer previously unattainable functionality. 

In addition, Quant supports multi-ledger tokens (MLTs). These are digital assets supported by real funds held as collateral by financial institutions. MLTs can be implemented as stablecoins, vouchers, loyalty points, and central bank virtual currencies. Owing to Quant’s Overledger technology, MLTs are deployable across several distributed ledgers.

Primary value drivers for Quant

Quant’s native token, QNT, is the ERC-20 token used to pay for services, goods, products, and licensing fees in the Quant ecosystem. Overlegder, its OS, was developed to be a gateway to connect any blockchain project to access other blockchains. Additionally, it has the potential to make apps accessible across multiple ecosystems. 

Quant price analysis

When it was first launched in 2018, the QNT historical price started at approximately $0.27 and climbed to reach about $12 at the beginning of 2021. Several months later, in September 2021, it hit its all-time high of $428. In February 2022, it dropped below $100. Nowadays, the QNT price trend revolves around $120.

While CEX.IO does not speculate on market movements, it's worth noting that Quant price predictions are both bearish and bullish. 

QNT’s supply is capped at 14.6 million. Initially, Quant burned 9.5 million of its current supply due to its ICO not selling out in time. During the public ICO, Quant gave away about 10 million QNT, kept 2.65 million for its operation, retained 1.3 million for company founders, and offered 650,000 for consultants. The token supply is fixed, even though the circulating supply may dip over time when coins are locked into company services. 

Buy Quant

How to buy Quant (QNT)

If you want to support and participate in the Quant Network by purchasing QNT, the first step is to select a respectable and trustworthy cryptocurrency exchange. There are myriads of exchanges in the market, but not all are properly regulated or transparent about their fee structure. Additionally, disclosing personal credentials to an unverified third party can result in their misuse. That’s why it’s important to choose a reputable exchange before taking the next step in your crypto journey.

Why choose CEX.IO

With CEX.IO, you can be confident that both your personal funds and information are safe when utilizing our high-quality services. Owing to our security protocols, cryptocurrency offering, customer care, and overall service, CEX.IO has received multiple accolades from eminent portals and companies in the crypto market. 

If you haven’t done so already, prior to making any purchases on CEX.IO, you need to register an account. The process is fairly straightforward: simply provide your full name, a valid email address, and a copy of your ID or passport to prove your identity. Once your account is verified, you'll be all set to buy and sell crypto.

Funding your account

If you’re wondering how to deposit and withdraw funds, CEX.IO offers several payment methods to choose from:

Buy QNT with trade orders

To buy QNT, hit the Spot Trdaing platform. Here you will be able to choose between two options — a limit and a market order — each of which gives you a different level of control over your funds.

A market order allows you to buy QNT instantly. To place the trade: 

  • Type QNT in the search bar to find the adequate pair, then click on it, 
  • Click the market tab below the chart
  • Enter the amount of USD you’d like to spend on the trade
  • Click Place Order

On the other hand, a limit order gives you more control over your crypto trading. Namely, it allows you to set the preferred price at which you want to buy QNT. 

To use a limit order, click on the Limit tab, enter how much QNT you’d like to purchase and at which price, then click on Place order. Once that price is attained, your trade will be executed.

With both market and limit orders, you can also buy Ethereumbuy Solana and Dogecoin, or sell Bitcoin as well as other cryptocurrencies.  

The primary difference between these two features is that the market order enables you to place trades instantly, whereas limit orders allow you to choose at which price you wish to buy or sell crypto. This way, you don’t have to monitor cryptocurrency prices all the time to wait for the most favorable outcomes. 

If you’re looking to take your crypto trades to the next level, consider exploring CEX.IO API trading.  

Buy crypto instantly using your debit or credit card

The fastest and most convenient way to buy cryptocurrency with a credit card is via the Instant Buy option on the CEX.IO website, or the Buy/Sell feature in the CEX.IO App. The purchase process takes just a few steps: 

  • Find Instant Buy on the CEX.IO main page
  • Select the preferred crypto from the dropdown menu
  • Insert the number of coins you want to buy, or choose from pre-calculated packs
  • Click on Buy to finish the purchase.

Please note that to buy crypto this way, you need to add your credit or debit card prior to making any purchases. In case you haven’t, CEX.IO will ask you to add it in order to finish the transaction. 

Thus, if you want to buy Bitcoin instantly using a credit cardbuy USDT, or any other crypto, this feature would be a great option.

What to do with QNT tokens?

After purchasing QNT, you can choose to keep it in your balance or sell it at some point in the future. What you should have in mind, though, is the security of your coins. 

While storing crypto in your CEX.IO account is an option consider exploring CEX.IO App for added advantages while your crypto. You will also be able to manage and monitor your portfolio, exchange crypto-to-fiat and fiat-to-crypto in seconds, and enjoy hassle-free, no lock-up staking of select assets.

Can you earn crypto on CEX.IO?

CEX.IO enables its customers to earn rewards, in addition to crypto trading. Customers from supported jurisdictions can stake and save crypto, as well as to join the CEX.IO Affiliate Program.

If you choose to stake crypto with CEX.IO, you can earn up to a 23% annual reward percentage. We’ve made our staking service an extremely simple process. Just choose one of the designated cryptocurrencies, deposit or buy them, and keep them in your balance. The rate of return is proportional to your holdings. To check the current projected rate of rewards on select assets, explore our staking calculator.

It’s worth noting that if you stake your crypto with CEX.IO, it will always be available to you. We never lock your coins, therefore, you will have access to it wherever you decide to sell or exchange them. 

Saving crypto is much like staking — buy it, transfer, hold in your balance, and potentially earn the rewards. 

Make your crypto trading experience more communal. If you have crypto enthusiasts among your friends, invite them to join CEX.IO using the referral link. They will enjoy placing trades with CEX.IO, while you can earn up to 30% commission on their trades

FAQ 

How do you deposit money on CEX.IO?

To fund your CEX.IO account, click on Add funds located in the top right corner of the Wallet page. Next, choose the payment method that is most convenient for you. Lastly, choose the currency and the amount you’d like to deposit. 

How do you withdraw funds from CEX.IO?

Withdrawing money is quite similar to depositing. Click on Withdraw in the upper right portion of the Wallet page, select the payment method, choose the currency and enter the amount you want to withdraw.

What payment methods are available on CEX.IO?

CEX.IO supports a range of different payment methods. You can choose from credit and debit cards (VISA and Master), wire transfers (domestic and international), e-wallets (Skrill, Epay, PayPal), Google, and Apple Pay.

What are crypto deposit and withdrawal fees?

CEX.IO doesn’t charge crypto deposit fees. Withdrawal fees may vary depending on the payment method and withdrawal amount. You will be able to see the overall amount prior to completing any withdrawal. Learn more about commissions here.  

How many crypto pairs does CEX.IO support?

CEX.IO Spot Trading supports more than 200 crypto pairs. Do note that trading pairs are subject to international laws and jurisdictions, and therefore may be unavailable in some areas. See the full list of restricted countries here.    

Where can you buy Quant?

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Trading Pairs

QNT
USDT

QNT-USDT

1.54%

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QNT
EUR

QNT-EUR

1.38%

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