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Highlights
- Quant is a next-level protocol that aims to connect blockchains and network on a global scale.
- Quant offers a variety of scalable enterprises and can easily be integrated easily into any enterprises’ IT framework, thereby making decentralisation process easier than ever before.
Quant is a next-level protocol that aims to connect blockchains and network on a global scale. Without compromising on the efficiency or the interoperability of the network, the protocol supports the mass adoption of distributed ledger technology (DLT). Known by its native token QNT, it is used to gain access to Quant’s Overledger DLT Gateway.
Quant offers a variety of scalable enterprises and can easily be integrated easily into any enterprises’ IT framework, thereby making decentralisation process easier than ever before. Announced in 2018, the project was funded through an initial coin offering (ICO), which allowed it to raise $11 million and finally came into existence in 2020.
What is so unique about QNT network?
Founded by Gilbert Verdian, Colin Paterson and Paolo Tasca, QNT allows innovators allow seamless interoperability between one blockchain to other. Through Overledger technology, Quant creates multiple layers for apps to interact at different levels.
Developers can write smart contracts due to Quant’s ability to read and monitor transactions across multiple ledgers. Developers can also utilise it to create and release multi-chain applications (MApps).
As it’s not an open-source protocol, the closed technology allows the project’s uses to be patented with the requirement of a license or permit.
Is QNT a good investment for you?
QNT is ranked 43 on CoinMarketCap and has grown strongly in the crypto market. According to CoinMarketCap, the QNT is trading at $330.26 with a 24-hour trading volume of $68,35,34,150. At the time of writing (BST 2:45 pm), QNT was up by 19.83% in the last 24 hours largely to the volume spike of 170.16%. ATA currently has a live market cap of $3,98,71,36,744. It has a circulating supply of 1,20,72,738 QNT coins.
QNT can be recommended as a part of your crypto portfolio. In fact, in July, when the market was just recovering following its bear run in May, QNT was one of first movers of the crypto market.
Many retail investors joined the investment bandwagon and generated huge amount interest in the token. When QNT was added on the Coinbase platform, it was one of the cryptocurrencies that hasn’t depreciated in terms of rally. Most of the time, it has stayed up generating interest from investors.
Conclusion
QNT is one of the cryptocurrency tokens that has shown great potential and one of the honeypots of the crypto market. Investors have relied on its rally and strongly consider it a long-term investing opportunity with QNT.
