Quant Achieves Market Capitalization of $1.89 Billion (QNT)

Quant (QNT) traded up 3.5% against the US dollar during the twenty-four hour period ending at 19:00 PM E.T. on January 25th. Quant has a total market capitalization of $1.89 billion and $86.85 million worth of Quant was traded on exchanges in the last 24 hours. One Quant token can currently be bought for about $156.21 or 0.00675659 BTC on major exchanges. During the last week, Quant has traded 18.5% higher against the US dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

  • Aidi Finance (BSC) (AIDI) traded up 2.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 3.7% higher against the dollar and now trades at $0.0611 or 0.00000264 BTC.
  • CareCoin (CARES) traded up 3.7% against the dollar and now trades at $0.0759 or 0.00000328 BTC.
  • OmniaVerse (OMNIA) traded 1.4% higher against the dollar and now trades at $0.0020 or 0.00000009 BTC.
  • Kitty Inu (KITTY) traded up 3.7% against the dollar and now trades at $93.95 or 0.00406323 BTC.
  • Lunar (LNR) traded 2.6% lower against the dollar and now trades at $0.0278 or 0.00000120 BTC.
  • Hokkaidu Inu (HOKK) traded down 11.6% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded 3.7% higher against the dollar and now trades at $6,594.55 or 0.28520853 BTC.
  • 2G Carbon Coin (2GCC) traded up 0.3% against the dollar and now trades at $135.76 or 0.00587151 BTC.
  • Lego Coin (LEGO) traded down 5.6% against the dollar and now trades at $0.0406 or 0.00000176 BTC.

Quant Token Profile

Quant’s genesis date was June 25th, 2018. Quant’s total supply is 14,612,493 tokens and its circulating supply is 12,072,738 tokens. Quant’s official message board is medium.com/@quant_network. The Reddit community for Quant is https://reddit.com/r/quantnetwork and the currency’s Github account can be viewed here. The official website for Quant is quant.network. Quant’s official Twitter account is @quant_network and its Facebook page is accessible here.

According to CryptoCompare, “What is Quant?Quant is a cryptocurrency project that launched in June 2018 with the goal of connecting blockchains and networks on a global scale without sacrificing efficiency. To achieve this, Quant has developed the Overledger Network, which it describes as the first blockchain operating system. The Overledger Network is designed to allow applications to operate on multiple blockchains, providing a bridge between them and allowing them to interoperate. This is accomplished through the use of APIs, which allow different blockchains to communicate and exchange data with one another.One of the key features of the Overledger Network is its ability to support the development and deployment of decentralized applications (dApps). These dApps, also known as MApps (multi-chain applications), can be built by developers and used by their users on top of the Overledger Network. This allows developers to create applications that can function on multiple blockchains, rather than being limited to just one.In terms of its technical implementation, Quant uses a hybrid consensus mechanism that combines proof-of-stake (PoS) with a unique variant of proof-of-work (PoW) called proof-of-activity (PoA). This hybrid approach is intended to provide the benefits of both PoS and PoW while minimizing their respective drawbacks.Overall, Quant aims to provide a decentralized, open-source platform that can support the development and deployment of dApps across multiple blockchains, enabling greater interoperability and connectivity within the broader cryptocurrency ecosystem.What is QNT used for?QNT is the native cryptocurrency of the Quant network and serves as a means of exchange and security token on the platform. It enables holders to participate in the governance of the network and can be used to pay fees and secure the network through the proof-of-stake (PoS) and proof-of-activity (PoA) consensus mechanisms. Developers looking to create a multi-chain application (MApp) on the Quant network must hold a specific amount of QNT tokens, which are used to power the Overledger Network and pay for services developed on top of it. QNT is an ERC-20 token, meaning it is built on the Ethereum blockchain and follows the ERC-20 standard.Who created Quant?Quant says its technology is the brainchild of its cofounder Gilbert Verdian, who while serving at HM Treasury in the UK Government in 2009, and later as Chief Information Security Officer for a Department of Health in Australia “realised the full potential of DLTs [distributed ledger technologies].”The platform was also cofounded by Dr Paolo Tasca, an entrepreneur and digital economist specialized in distributed systems. Dr. Tasca has served as a special advisor on blockchain technology at the United Nations and worked with central banks throughout the world.”

Buying and Selling Quant

It is usually not currently possible to buy alternative cryptocurrencies such as Quant directly using U.S. dollars. Investors seeking to acquire Quant should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Quant using one of the exchanges listed above.

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