When was Quant coin issued

Quant Coin (QNT), first issued in 2018, powers the enterprise-focused Quant Network, facilitating interoperability between blockchain networks.

Nov 07, 2024 at 03:13 pm

Quant Coin: A Comprehensive Guide to the Enterprise Blockchain Platform

Introduction: What is Quant Coin?

Quant Coin (QNT) is the native token of the Quant Network, an enterprise-focused blockchain platform that aims to connect disparate blockchain networks and enable interoperability between them. Quant Coin serves as a utility token, incentivizing network participation, securing the blockchain, and facilitating the exchange of value within the Quant ecosystem.

When Was Quant Coin Issued?

Quant Coin was first issued in June 2018 through a private token sale. The public sale of QNT tokens commenced in September 2018.

How to Buy Quant Coin

QNT tokens can be purchased on various cryptocurrency exchanges, including Binance, Coinbase Pro, and Kraken. To buy QNT tokens, users will need to create an account on an exchange, deposit funds, and place an order to purchase QNT.

Quant Coin Tokenomics

• Total Supply: 14,612,493 QNT
• Circulating Supply: 12,072,738 QNT
• Max Supply: 14,612,493 QNT

• Token Allocation:

  • Seed Sale: 20%
  • Private Sale: 35%
  • Public Sale: 18%
  • Treasury: 27%

Quant Network: Enterprise Blockchain Interoperability

The Quant Network is designed to facilitate interoperability between different blockchain networks, enabling communication and data exchange between them. The platform utilizes a technology called the Overledger, which acts as a decentralized gateway connecting multiple blockchain networks.

Overledger provides a common framework for blockchain applications to interact seamlessly, allowing for interoperability between heterogeneous blockchain protocols. This interoperability simplifies the development and deployment of enterprise-grade blockchain solutions, reducing the need for complex, custom integrations.

Overledger Enterprise Software Platform

The Overledger Enterprise Software Platform is a comprehensive suite of tools and services that enables enterprises to build and deploy blockchain applications rapidly. The platform includes:

• Developer Toolkit: A set of tools to facilitate the development and deployment of blockchain applications.
• Oracle Gateway: A data bridge connecting blockchain applications to external data sources.
• App Store: A marketplace for prebuilt blockchain applications that can be easily deployed within the Quant ecosystem.

Use Cases for Quant Coin

Quant Coin has several use cases within the Quant Network ecosystem:

• Transaction Fees: QNT tokens are used to pay for transaction fees on the Quant Network.
• Network Security: QNT tokens are used to reward network validators for maintaining the integrity and security of the blockchain.
• Governance: QNT token holders have voting rights in the Quant Network's governance system, allowing them to influence the future development of the platform.

Market Sentiment and Adoption

Quant Coin has gained significant traction in the enterprise blockchain space due to its unique value proposition and the growing demand for interoperable blockchain solutions. Several notable organizations have partnered with Quant Network, including Oracle, Vodafone, and Siemens.

Conclusion

Quant Coin is an essential component of the Quant Network, a groundbreaking enterprise blockchain platform that enables interoperability between disparate blockchain networks. Its utility as a payment token, network security mechanism, and governance token reinforces its significance within the Quant ecosystem. As the demand for seamless blockchain interoperability grows, Quant Coin is poised to play a crucial role in the future of enterprise blockchain adoption.