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Information about QNT
Quant is a software platform designed to bridge the gap between different blockchains. Founded in 2015 in London, Quant enables organizations and governments to efficiently connect multiple networks and transfer data across them, overcoming the technical differences between platforms. The core of Quantâs technology is Overledger, an API gateway that facilitates communication between various distributed ledger technologies without being a blockchain itself.
The QNT token is the native cryptocurrency of the Quant network used to pay for the platform's functions and services. In terms of prices, QNT is trading at $92.26 today, with its current market cap being $1.11B. The lowest price on the trading day amounts to $91.13, and the highest keeps at $96.79.
FAQ
Quant works by using its platform called Overledger, which acts as an API gateway to connect different blockchain networks. Think of Overledger as a bridge that helps businesses link their existing systems to multiple blockchains, making it easier to share data and interact with different blockchain technologies. Developers can use Overledger to create multi-blockchain decentralized applications (mDApps), which work across various blockchains. To access and use Overledger, developers and users pay fees with QNT. Additionally, Quant allows developers to create their own blockchain-compatible tokens using its QRC-20 token standard, making it simpler for businesses to create and manage their crypto.
QNT is used to pay for licensing fees required to access the Overledger platform. Also, developers and users must hold QNT tokens to create and use multi-blockchain mDApps on the platform. Additionally, QNT tokens are used to pay for various fees associated with using Quant's services, including developer and user fees. And lastly, QNT plays a role in governance, as holders may have a say in decisions related to the networkâs future development.
As of today QNTâs all-time low is $0.1636, and the all-time high is $428.38.
QNT is considered a good investment due to being a unique solution to blockchain interoperability. It enables businesses to connect multiple networks, which positions it as a key player in the growing blockchain ecosystem. As more companies adopt this technology, Quantâs ability to facilitate seamless communication between chains could see significant demand for its services, driving the value of QNT. With the growing need for blockchain-agnostic solutions and the recent release of tools like QRC-20 tokens, QNT has the potential for long-term growth.
Quant's innovative cross-blockchain technology is perfectly aligned with the ISO 20022 standard for secure and efficient data transfer.
QNT is an ERC-20 token, meaning it is built on the Ethereum blockchain and adheres to its standards for token implementation. While Quant Network's Overledger aims to connect multiple blockchains, QNT itself operates within the Ethereum ecosystem.
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