Quant was launched in June 2018 and aims to provide seamless interoperability among multiple blockchains, link networks, on a worldwide scale without decreasing the efficiency of the network.
Quant comprises the Overledger Blockchain Operating System and QNT Token. It’s worth noting that the Quant (QNT) token price increased about 8 times in the first quarter of 2021.
Read on to learn everything you need to know about the Quant project, including where and how to buy Quant tokens and why you need to buy QNT.
Let’s get right to it!
Quantum history
Quant Network is a blockchain company that aims for universal interoperability among blockchains through its Overledger OS Blockchain Operating System.
Gilbert Verdian, a blockchain technologist, created the network in 2015. Verdian was previously the chief information security officer at the Mastercard card company, Vocalink, and the security lead at the UK’s Ministry of Justice. He has over 20 years experience upgrading business strategies in various companies.
Quant is co-founded by Dr. Paolo Tasca. He’s a digital economist and entrepreneur specializing in distributed systems. Tasca served as an advisor special on blockchain technology for the United Nations, European Union Parliament and many central banks around the world. The Retail Blockchain Consortium was also started by Tasca.
While working in healthcare, Gilbert Verdian developed the idea for the blockchain project. His research revealed the value of interoperability for patients registered in different networks.
Verdian launched the company’s flagship product, Overledger, in 2017. Overledger Network has gateways for connecting different blockchain networks in the same ecosystem. The multiple blockchain interactions ensure that there’s no reduction in network efficiency and interoperability on a global scale.
Overledger, a blockchain operating system (OS), is claimed to be the original. The idea behind Quant’s operating system is to let developers build decentralized multi-chain applications (MApps) for customers. Quant refers to the Blockchain-based Project as the platform upon which the future digital economic ecosystem can be created.
QNT tokens serve as a digital gateway to specific services or applications (MApp). QNT token hit crypto markets in August 2018, and has seen steady value growth through 2018. In February 2019, the token climbed to number 100 in terms of market capital.
Quant unveiled a 1.5 upgrade to Overledger OS on January 20, 2021. MainNet access was provided for Ripple, Ethereum, Bitcoin and Ethereum.
The announcement shot up Quant’s price to over $40, up from about $11 in the early days of that month. The token’s price has continued its rise after new updates. Quant’s price currently hovers at $197.
The maximum QNT token supply is 14,612,493 tokens. The company reserves received 2.6 million tokens, while 651,000 tokens were issued to company advisors.
How to Purchase Quant (QNT).
You can start investing in Quant (QNT), as soon as you read our guide.
Step 1: Choose the best cryptocurrency exchange for QNT
You need to choose the right cryptocurrency exchange for your investment strategy. There are many options. Market access must be provided to allow you to trade QNT on the exchange.
Only a small number of cryptocurrency exchanges exist in the US, EU and on continents supporting Quant.
You must first find an exchange which allows Quant users to access it. Then, consider how much the platform charges for transactions to avoid being charged extra by other crypto exchanges.
We’ve got some suggestions to help you out:
Binance
Quant has market access through Binance. The Malta-based cryptocurrency exchange is currently the world’s largest trading platform by market cap. Plus, it’s known for its easy payment method, low fees and has more trading pairs than most of its competitors.
Coinbase/Coinbase Pro
Coinbase Pro and Coinbase allow you to purchase QNT. Coinbase is known for its simplicity of use, which has helped it attract many first crypto investors. Coinbase Pro, a sophisticated crypto trading platform is available to you. The platform boasts the world’s second-highest daily trading volume by market cap.
Bittrex
Bittrex is a popular cryptocurrency exchange that offers Quant access. You can use your debit or credit card to pay. The platform’s mobile app is relatively easy to use, so you have nothing to worry about whenever you’re ready to buy your QNT.
Step #2: Make Your Account
Once you have found a trustworthy crypto exchange, the next step is to create an account. Most platforms require personal data to confirm your identity. However, requirements vary depending on the crypto exchange you choose.
For example, if you’re creating an account with Binance, the exchange will request personal information such as your full name, home address, email address, postal code, and a copy of your government-issued ID or passport. You’ll need to provide this information to be verified to buy QNT via your account.
You shouldn’t worry about it, as cryptocurrency exchanges have some levels of security to protect your personal information. Once you set up your account and get verified, you’ll be set to buy QNT and start trading.
Step 3: Get a Wallet
You’ve probably heard or seen some crypto traders talk about “losing their keys” and losing their crypto too. If you can’t find your keys, you can’t access your crypto.
It’s not compulsory, but if you want a reliable place to store your Quant (QNT) for extended periods, you’ll need to buy a wallet. Wallets store your crypto’s public and/or private keys to keep your transactions safe from third parties.
Two types of cryptocurrency wallets are available: hardware and software. We will discuss the advantages and drawbacks of each wallet below.
Software Wallet
Software wallets’ strength lies in their versatility and ease-of-use. The easiest-to-setup cryptocurrency wallet is a software wallet. This allows you to interact easily with multiple decentralized financial (DeFi) apps.
However, these wallets are vulnerable to security leaks because they’re hosted online—like your bank accounts. You should do some research to ensure that you don’t have security concerns when choosing software wallets to store your private keys. As an additional layer of security, we recommend that you use a platform with 2-factor authentication.
CoinStats wallet is also one of the best software wallets. It helps you store your QNT and other assets safely and monitor your assets’ growth in real-time.
Hardware Wallet
A hardware wallet doesn’t operate online but is a physical device—typically the size of a flash drive—that stores your crypto’s private keys offline. Hardware wallets are arguably the most secure wallets because they can’t be hacked.
Hardware wallets are difficult to use, and can be hard-coded for maximum security. Usually, the owners of such wallets keep them at home and can’t access them outdoors.
When you buy this type of wallet, you need to download the platform’s software from its website and follow the provided instructions to create your crypto wallet.
Step 4: Order Quantity
Once you have created an account with your crypto exchange, and purchased a wallet, your Quant (QNT), can be bought.
First you must deposit funds to your account. Many exchanges let you deposit fiat currencies via any payment method, including a bank transfer, debit card or credit card. Some exchanges also accept Apple Pay, Skrill and Paypal as funding options.
You can also deposit supported crypto to your account, and then trade it for QNT. Search for Quant (QNT), and then click the button. Once you’re on the crypto’s page, click “Buy,” enter the amount you want to buy, and confirm your trade.
CoinStats allows you to purchase QNT. When you click on “buy,” it will redirect you to supported exchanges to make your purchase.
Once you have your Quant secure, it is possible to trade it with fiat currencies, stablecoins and cryptocurrencies.
How Quant Should Be Purchased (QNT)
QNT’s unique quality is why you need to buy it.
DLT networks are important for almost any industry, say innovators. Quant is a project that ensures distributed ledger technologies’ interoperability (DLT). This allows developers to create smart contracts, build multi-chain apps and the Quant community assists in managing smart Treasury contracts.
Quant offers many appealing solutions to developers and enterprises. A Quant app can be used to refer back to identical messages in other apps. The Quant app store allows you to monitor transactions in multiple ledgers.
It is also possible to integrate the network with the IT infrastructure. Enterprises can easily access decentralization through such a process.
QNT token gives you access to Quant’s ecosystem. It also allows applications to run. You’ll need Quant tokens to pay for licenses if you want to build on the Overledger platform. For clients of Overledger who want to move assets between distributed ledger technology networks or chains, Quant (QNT), token is also available.
Also, QNT can be used to pay developer fees, platform charges, and user fees.
For access to the Quant operating system and the Quant ecosystem, one must hold at least a few QNT tokens.
The Quant (QNT) token’s value continues rising with each update of the Overledger OS. Although the token’s current monthly trend is downward, its dramatic rise in early 2017 suggests that it could rebound.
Final Thoughts
Quant Network’s Overledger Operating System is the heart of an ecosystem for digital economic development. This allows businesses and developers to create MApps that are useful to customers.
Etherum-based tokens QUANT (QNT), which are Etherum tokens that provide outstanding returns and have access to the Overledger community, offer a great way to get involved. They’re utilized to pay for the platform use fees or annual licenses.
Quant can be purchased in a couple of easy steps.
Note that this content only provides you with vital information to help you make informed decisions; it doesn’t constitute investment advice, financial advice, or any form of advice.
We hope you’ve found this article helpful in your quest to buy Quant (QNT). For the most up-to-date cryptocurrency news and informative articles, you can visit our blog.
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