Quant (QNT) Market Cap Hits $807.03 Million

Quant (QNT) traded down 3.3% against the U.S. dollar during the 1-day period ending at 15:00 PM Eastern on October 2nd. Quant has a market capitalization of $807.03 million and $12.30 million worth of Quant was traded on exchanges in the last 24 hours. During the last seven days, Quant has traded 14.7% lower against the U.S. dollar. One Quant token can currently be purchased for about $66.85 or 0.00110796 BTC on popular exchanges.

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

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 11.7% lower against the dollar and now trades at $0.0405 or 0.00000067 BTC.
• P2P Solutions foundation (P2PS) traded 4.5% lower against the dollar and now trades at $154.71 or 0.00256422 BTC.

About Quant

Quant’s launch date was June 25th, 2018. Quant’s total supply is 14,881,364 tokens and its circulating supply is 12,072,738 tokens. The Reddit community for Quant is https://reddit.com/r/quantnetwork and the currency’s Github account can be viewed here. Quant’s official Twitter account is @quant_network and its Facebook page is accessible here. The official message board for Quant is medium.com/@quant_network. Quant’s official website is quant.network.

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 presently possible to buy alternative cryptocurrencies such as Quant directly using U.S. dollars. Investors seeking to trade Quant should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Quant using one of the exchanges listed above.

QNT/USD price chart by TradingView