Altcoin Spotlight: What is Quant (QNT)? (2025 Update)

Here at MintDice.com, we care about your education when it comes to cryptocurrencies. But as much as we try, it is almost impossible to discuss them all, so we feature run-downs of coins which break the top 60 on CoinMarketCap.com, as well as those which make their way into the media.

That being said, cryptocurrency projects are constantly changing and sometimes we have to write a new article about a previously featured token. This week, we discuss Quant, which, while we featured it back in 2023, has come a long way in two years. Keep reading to learn more details about Quant cryptocurrency.

What is Quant?

Think of Quant a bit like the software used to build blockchain bridges. It was built as a network to allow multiple blockchain platforms to connect. Similar to OS, Quant is an operating system that allows apps to be built on its software. Then the apps, when complete, can be deployed to be functional with a number of blockchains instead of just a single one, thanks to their designed interoperability.

The name of the software we spoke of above is Overledger, and it was one of the world’s first API gateways for blockchain. Though there are many uses for this software, it is mostly used by governments to create CBDCs with the US and UK utilizing it the most.  

How Does Quant Work?

Those looking to use Quant must start by buying QNT tokens. QNT is the native utility token of the blockchain.

Once purchased, developers use QNT to pay the licensing requirements on Overledger, which allows them to build applications on the software. These applications are built to be multifunctional, allowing their deployment across a number of blockchains with a single click of a button after completion.

The token standard employed by Overledger is called QRC-20 and is comparable to the ERC-20 token standards on Ethereum. The difference is that QRC-20 offers a drag-and-drop style buildable experience, meaning it is really easy to make applications even if you have no prior experience.

It’s important to note that the QRC-20 software is mostly used to create store-of-value tokens, such as stablecoins. While there may be additional applications of this software, Quants main focus is programmable/interoperable money.

Who Created Quant?

Quant was founded by Gilbert Verdian in 2015, though he needed to crowdsource most of the funds to launch the platform. Therefore, it officially launched in April 2018 with an ICO (initial coin offering). Gilbert remains acting CEO of the company. Colin Paterson and Paolo Tasca became cofounders of Quant in 2017 and remain on the payroll as CTO and Chief Strategist today.

In addition to leading the development of Quant, Gilbert is additionally a member of the EU Blockchain Observatory and Federal Reserve.

Should You Buy Quant?

We are reasonably sure that this blockchain isn’t a scam and we do think that it serves an important role in the business world. That being said, we aren’t sure if QNT is a good long-term investment.

Remember, Quant is invested in digitizing money for banks and governments. While this is a necessary aspect of digitizing the world, we do believe it as a ceiling. At some point, all the banks and governments who want to be involved will have been. Meaning Quant will eventually have to pivot or expand to offer other features, and we aren’t sure we have confidence in the company to do that.

But, if you are a business looking to use the Quant technology to build an app, then by all means buy. These tokens are useful on the platform (as mentioned above) and we do believe the price may increase over time meaning if you know you will use the platform, there is no harm in buying now.

We just don’t believe this token is investment grade beyond the short term. So, if you are looking to enhance your portfolio, you should probably look elsewhere. We also want to mention that businesses using QNT will need to buy tokens and lock them up for a period of at least 12 months, so be prepared for this before you begin using the platform.

Why Did We Update Our Quant Article?

We published a new version of our altcoin spotlight because in 2023, we were way less sure of the project than we are now. Back then, the company had only been launched for about 5 years and there was the same amount of information available then which is available now.

Additionally, 2023 was a rough time for many cryptocurrencies and that can often cloud our view as a whole regarding certain projects. Now, as things are looking up for the cryptocurrency industry, we wanted to revisit this project.

**We should also mention that this project has always been on the edge of the top 60 projects, and as such, it tends to fall off our radar from time to time!

Where Can You Buy Quant?

As a very reputable token, Quant is available on most of the large cryptocurrency exchanges. As always, we recommend perusing the list below and purchasing from a platform that you already have an account on.

Cryptocurrency exchanges that sell Quant:

·      Kraken

·      Coinbase

·      Binance

·      KuCoin

·      Bittrex

It is also possible to find Quant on a decentralized exchange like Uniswap, though its availability is not guaranteed.

How Many Quant (QNT) Tokens Are There?

QNT has a max supply of 14,612,493 tokens. Of these tokens, 9.9 million were sold to the public during the ICO. The company retains the rest of the tokens, with them being split between a company-run reserve and the founders and advisors.

Overall, though Quant isn’t the worst project to appear on our altcoin spotlight, we don’t think it is the best investment for every investor either. While there are a variety of uses for businesses, it is hard for the average individual to find use for this platform. That isn’t necessarily a bad thing, but it is something to keep in mind as you consider adding Quant to your investment portfolio.