Quant was developed as a blockchain operating system that connects blockchains and networks regardless of the protocol used. The Quant ecosystem was founded by Gilbert Verdian and Paolo Tasca in 2015, and Quant (QNT) was launched through its initial coin offering (ICO) in 2018. This article explains what Quant (QNT) is, how it works, how to store it, and how to trade it on BtcTurk | Global.
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What is Quant (QNT)? How Does It Work?
Quant is designed as an ecosystem made up of products with diverse functions. Overledger, the core framework of Quant, was developed as a universal gateway that connects blockchains and networks. Since Overledger was created to link blockchains, it also aims to simplify the creation of multi-chain applications (mApps). As the operating system of the Quant ecosystem, Overledger not only connects different blockchains and networks but also acts as a bridge between applications within the same blockchain, similar to Ethereum.
Developers who want to create mApps on the network are required to hold QNT, the native token of the Quant ecosystem. Developers, companies, and applications wishing to use the Quant network must obtain a license to build on the platform. This is done by staking QNT tokens for a period of one year.
The maximum supply of QNT tokens is capped at 14,612,493. Of this amount, 9.9 million were sold during the initial coin offering (ICO), 2.6 million were allocated to Quant’s company reserve to support the ongoing development of the project, 1.3 million were granted to the founders, and 651,000 were distributed to advisors. The rest of the tokens were allocated for circulation.
How to Store Quant (QNT)?
QNT, the native token of the Quant ecosystem issued as an ERC-20 smart contract, can be stored in desktop, mobile, and hardware wallets that support ERC-20 tokens.
How to Buy and Sell Quant (QNT)?
You can buy and sell Quant (QNT) with Tether (USDT) using the BtcTurk | Global website or mobile app. If you’re not yet a member, you can easily register on our website or app and buy Quant (QNT) by depositing cryptocurrency.
