How to buy and hold QNT with Wigwam
1. Choose a token number that you want to buy
2. Create a wallet, where to store your crypto
3. Pay with credit card
4. Check your crypto in the created wallet
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Quant (QNT) Token review
QNT is an ERC-20 compliant token of the Quant ecosystem, launched in 2018 by Gilbert Verdian to offer compatibility between blockchains. The Quant is an open, secure, and Over-Distributed Ledger Technology (OverLedger) platform, it offers to solve blockchain interoperability by providing an API gateway supporting many distributed ledgers.
The Quant (QNT) token is utilized for many uses in its ecosystem such as payment for services, rewards, and numerous other uses.
Distributed Ledger Technologies (LDT) is a decentralized record-keeping technology that allows a peer-to-peer computer network to share and synchronize copies of a ledger. DLT has applications in various sectors including supply chain, logistics, news, energy, healthcare, and government, allowing the Internet web3 to reach its potential as a decentralized network of networks. Blockchain and DAG data structures are some examples of LDT.
LDT has many drawbacks such as scalability and interoperability with other ledgers, leading to LDTs mostly being forced to be non-interoperable and run on a single ledger. The Quant network aims to overcome these interoperability issues with the utilization of the Overledger DLT operating system, an API gateway that supports and connects all blockchains and allows the creation of Decentralized Multi-chain Applications (mdApps).
The OverLedger allows the network to add an arbitrary hash of a message to the host, and enables seamless transactions and data transfer between different blockchains. The Quant utilizes layers, such as transactions, messaging, filters, settings, and checkout that allow applications to interact with various networks, at different levels.
QNT Token Use Cases
QNT token has several use cases in its ecosystem, a few of which are listed down below:
Payment For Network Resources: QNT is used for payment of various network resources like APIs, data, and connections between various blockchains.
Staking: QNT tokens are required to be staked by gateway operators in the network’s treasury before participating in its ecosystem
Yearly Licensing Fees: Gateway operators are required to pay yearly fees for their license to participate in the ecosystem.
Reward: QNT is given as a reward to gateway operators who act as directors of the Overledger Network.
Developer Fee: QNT tokens must be held to create or use the mdApps in the Quant ecosystem.
The QNT tokens play a vital role in supporting the functionality and development of the Quant.
QNT has a total maximum supply of 14.61M out of which 12.07M are in current circulating supply. The team holds just 18% of the total supply according to the QNT token economics paper. The token distribution is as follows, 68.19% in ICO public sale, 18.14% reserved for Company Reserve & Research and Development, 9.22% for its founders, and 4.45% for its advisors. Quant’s ecosystem burned 9,545,765.950989192 QNT recently, reducing it by more than 66%. This burning was done to control its supply and price.
Despite the level of success that Quant has achieved both technologically and economically, it hasn’t been able to achieve much success in popularity and social activity. The Quant essentially is servicing enterprise clientele and is involved with a multitude of other chains, but itself is not an open, public resource of its own meaning that all KPI data is nowhere to be sourced. The Quant also faces competition from major prominent projects such as Ripple (XRP).
This article is for informational purposes only and should not be interpreted as financial or investment advice. The views expressed herein represent solely the opinion of the author and are not intended to provide specific trading or investment recommendations. We do not guarantee the accuracy, completeness, or reliability of the information contained in this article. The cryptocurrency market is known for its high volatility and unpredictable fluctuations. Investors, traders, and anyone engaging with cryptocurrency are advised to conduct thorough research, consider a variety of perspectives, and acquaint themselves with applicable local regulations prior to making any investment decisions.
You can buy QNT tokens on Wigwam Web3 wallet or from trading platforms like Crypto.com, and centralized exchanges such as Coinbase, Binance, and Kraken.
Yes, you can stake QNT to earn passive income, The Gateway Operators stake QNT and users can stake QNT with their preferred exchange.
The steps specifics might vary based on the wallet you are using, but the general steps to add QNT tokens will be as follows:
Open your crypto wallet, click on the option of “Add tokens”, and then enter the QNT token details as follows
- Token Contract Address: 0x4a220E6096B25EADb88358cb44068A3248254675
- Token Symbol: QNT
- Decimal Precision: With 18 Decimals
After entering the token details click on “Save” to add the QNT token to your wallet.
QNT is a cryptocurrency and comes with a high risk of the crypto market and price volatility. It's essential to thoroughly investigate before buying in QNT or any cryptocurrency.