The Block • Sep 27, 23
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Quant has risen by 1.00% in the past 7 days. The price increased by 0.30% in the last 24 hours. In just the past hour, the price shrunk by 0.36%. The current price is $90.43 per QNT. Quant is 78.89% below the all time high of $428.38.
The current circulating supply is 12,072,738 QNT.
QNT is an Ethereum token that is used to power Quant Network’s Overledger brand of enterprise software solutions, which aim to connect public blockchains and private networks. Quant Network allows the creation of so-called mDapps that enable decentralized applications to operate on multiple blockchains at once.
is a platform that provides technology that connects various (DLTs) by removing communication barriers between them. A DLT is a database that is synchronized and accessible by various participants across multiple sites and regions. The deployment of a distributed ledger eliminates the need for a central authority to keep a manipulation check. is an example of a DLT. The platform aims to bridge all the DLTs for faster and efficient growth.
The problem that the Quant platform is trying to solve is the limited adoption of the distributed ledger because of the technical complexity of maintaining it. The second major problem the platform is trying to solve is that users do not have a technological way to move their data across various DLTs and see which DLT is appropriate for them. Quant aims to solve these issues by building an interoperable system that can connect various DLTs securely and efficiently without introducing any bottlenecks.
As stated on the , Quant's solution to the problems mentioned above is its Overledger DLT Gateway. Overledger enables DLT integration without the requirement for additional infrastructure. Through the Overledger DLT Gateway, users have the capacity to operate various types of DLTs and migrate data between them. Any data like , IDs (identity documents), or digital assets (like coins and ) can be exchanged by users across various ledgers. Overledger enables users to select the technology that suits their needs. Overledger also provides business solutions for those who require multi-chain strategies.
Additionally, developers can also develop mDApps with the help of the Overledger technology of Quant. mDApps are the multi-DLT edition of decentralized applications (, which can only interact with a single ledger). mDApps extend the reach of decentralized applications beyond interaction with a single ledger, allowing users to benefit from the use of several ledgers simultaneously. Quant's Overledger DLT also allows smart contracts to be created in any programming language on any DLT, even on those DLTs that don't support smart contracts natively.
The native of the platform is the Quant token (QNT), an token hosted on the (Ethereum) blockchain. There are three prominent use cases for QNT. The first purpose of QNT tokens is to grant digital access to a particular service or application (MApp) that is part of the Quant platform. Both users and developers have access to the system. Overledger gateway operators also utilize QNT to pay annual license fees to use and participate in the Overledger network. Finally, Overledger gateway operators that act as directors of transactional flow/traffic within the Overledger network are paid Quant tokens via Quant's treasury system.
Quant's technology is the brainchild of founder Gilbert Verdian. He first realized the potential of DLTs, including blockchains, in solving the security-related problems inherent in the digital exchange of information and assets. Besides this, he has worked at HM Treasury in the UK government (2009) and later as CISO for the Department of Health in Australia. The other core team members of the platforms are CTO Peter Marirosans, COO Lara Verdian, and CMO Andrew Carrier.
As mentioned in the of Quant, QNT tokens were issued through a token generation event (TGE), or crowd sale. The overall supply of QNT is capped by the number of tokens produced during the crowd sale period. After the TGE (which ended on April 30, 2018), the platform did not create any more QNT tokens.
The total supply of QNT tokens is 14,612,493.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Quant is $1.09B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Quant is $428.38. This all-time high is highest price paid for Quant since it was launched.
Over the last 24 hours, the trading volume of Quant is $8.86M.
The current circulating supply of Quant is 12 million.
The median time that Coinbase customers hold Quant before selling it or sending it to another account or address is 31 days.
Quant ranks 44 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 98% of Coinbase users are buying Quant. In other words, 98% of Coinbase customers have increased their net position in Quant over the past 24 hours through trading.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.