What is Quant (QNT) ?

Quant Official Logo
Quant Official Logo

The Quant token is an ethereum-based (ERC-20) utility token. Being blockchain agnostic, it can also easily swap to other blockchains to meet the purpose of the project. QNT is a multi-purpose cryptocurrency that operates as a key to access the Quant Network suite of solutions including Overledger. QNT are tokens whose main role is to provide digital access to a particular service or an application (MApp) which are made part of the Quant platform. The access is provided to both users and developers. The Quant project aims to build an ecosystem around Overledger, which intends to solve Blockchain interoperability challenges. Current interoperability platforms act at transaction layers by connecting two blockchains via another. By design, Overledger future proofs by isolating the transaction layers. This is achieved regardless of the blockchain being used or the consensus model. In a nutshell, rather than being the blockchain itself, Overledger runs on top of the blockchains. QNT tokens serve as license keys to access a platform just the way you need an Apple ID to run iOS Apps. Quant tokens allow access to the Overledger operating system for MApps. But on the other hand, end-users will need to hold QNT to access and use MApps.

Original author – Gilbert Verdian
Initial release
 – June 2020
Development status – Active

Website – www.quant.network

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