What is Quant (QNT)?

QNT, an ERC-20 token, is the backbone of Quant Network's Overledger brand. Overledger is a unique enterprise software solution that bridges public blockchains and private networks. It acts as a gateway, enabling any blockchain-based project to access other blockchains. Additionally it supports the creation and use of multi-chain applications (mDApps). These mDApps are treaty contracts that run multiple smart contracts on different blockchains, offering unparalleled versatility and efficiency in the cryptocurrency world. For example, an mDApp can leverage Solana for its speed and Bitcoin for privacy, demonstrating the power of QNT.

Developers require QNT tokens to build on Quant. Enterprises use fiat to pay for Overledger licenses and then use these licenses to buy QNT tokens. They then lock these QNT tokens in the Overledger treasury for the duration of the license. Additionally, if developers want to monetize their applications, they can charge subscriptions for their apps in QNT, fiat, or any other digital currency. End users need to hold QNT to use multiple Decentralized applications (mDApps) and access the Overledger ecosystem. Lastly, the users pay an annual payment in QNT tokens to run a gateway and get a cut of the transaction fee obtained from this setup.

Launched in June 2018 after an ICO in April, QNT has a fixed total supply of 14.6 million, with 81% currently in circulation.

How Does Quant (QNT) Work?

Quant works to solve the issue of blockchain interoperability without adversely affecting its scalability. To that end, Quant developed Overledger, an API gateway supporting multiple distributed ledgers (DL). It's a patented operating system that employs four separate layers.

The first layer is the transaction layer, which stores the verified transactions through distributed ledger technology into multiple ledgers. This layer ensures that another ledger does not confirm already validated transactions. The next is the messaging layer, which acts as a shared space that pulls all transaction information from each ledger stored in the Transaction layer. This information includes smart contract data, metadata and other transaction data. Then comes the Filtering and Ordering layer, which filters the messages from the message layer and establishes an order between them. Finally, the application layer ensures that information from the verified messages is transferred to the correct application.

With this multi-layer setup, Overledger establishes interoperability between several commercial, private, and public DLTs. Furthermore, it facilitates communication between several blockchains through its DLT gateway and supports mDApps (Multiple Decentralized Application), which combines several blockchains into a single application.

Quant's Overledger's native utility token, QNT, powers all the features. Any enterprise wanting to use Overledger's aforementioned services must pay a license fee in QNT tokens.

How to Buy Quant (QNT) in India?

There are many platforms where you can invest and Buy Quant (QNT) in India.

One such platform is Flitpay. To buy QNT in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy QNT and execute the purchase. You can instantly convert your INR to QNT and QNT to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After Buying Quant (QNT)?

QNT can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the QNT till it reaches a high price, and then sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is Quant (QNT)?

QNT is the native utility token of Quant network's; Overledger. To access the overledger ecosystem, it requires a license which can be bought through QNT tokens.These QNT tokens can be bought from Quants native treasury. The total supply of QNT is only 14.6 million.

What is the Quant (QNT) price in India?

Check out the current INR price of QNT crypto in India on Flitpay.

Which is the best crypto app in India to buy QNT?

Flitpay is the best cryptocurrency app in India to buy QNT, buy bitcoin, or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

What are the benefits of Quant (QNT)?

Quant offers blockchain interoperability via Overledger, an API solution linking diverse blockchains. It also powers Multi-Chain Applications (mDApps) with varied functionalities. Its native token, QNT, is essential for developers building on Overledger. Enterprises purchase QNT using fiat for licenses and lock them in Overledger's treasury. They also require QNT for mDApp access and ecosystem participation. With such significant use cases and a fixed supply of 14.6 million tokens, QNT has become a significant cryptocurrency in the Web3 space.

Is it safe to invest in Quant (QNT) in India?

Yes, investing and trading QNT is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying QNT crypto. It offers real-time prices and advanced investing features.

Where can I deposit and withdraw Quant (QNT) crypto in India?

Your search for secure and instant crypto deposits and withdrawals ends here. Flitpay is India's most trusted exchange to facilitate hassle free and Instant deposits and withdrawals of all the top cryptocurrencies with minimal or no fees.