How to Buy Quant (QNT)

Beginner’s Guide

What Is Quant (QNT)?

Quant launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system.

To learn more about this project, check out our deep dive of Quant.

The project is built as an operating system distributed ledger technology— and Overledger Network — for connecting different blockchain networks. The project is billed as the first OS to be built for blockchains.

The main aim of Quant — using Overledger — is to bridge the gap that exists between different blockchains. The backbone of the project is the Overledger network, which Quant bills as the ecosystem on which the future digital economy ecosystem will be built.

Overledger allows developers to build decentralized multi-chain applications (known as MApps) for their customers. For developers to build a Mapp on the network, they must hold a certain amount of Quant tokens (QNT).

How to Buy Quant Summary

Get a Quant wallet (e.g. Ledger, Trezor , Exodus, Guarda, AtomicWallet)
Find an exchange that sells Quant (e.g. Crypto.com, Binance, Bybit, Gate , Kucoin)
Deposit money and make the trade
Withdraw the Quant to your wallet

Buying Quant in 3 Simple Steps

Desctop & Mobile

Quant Hardware Wallets

A hardware wallet is a type of cryptocurrency wallet that stores the private keys of your cryptocurrency assets in an offline device. This is done to provide an added layer of security against cyber attacks, which can compromise online wallets and exchanges.

Quant hardware wallets are a type of hardware wallet that are specifically designed to store and manage Quantum (QNT) cryptocurrency assets. These wallets typically use advanced encryption and security features to protect your QNT assets from unauthorized access.

Some popular examples of Quant hardware wallets include Ledger Nano X, Ledger Nano S, Trezor, and KeepKey. These devices come with various features such as easy-to-use interfaces, built-in screens for verifying transactions, and support for multiple cryptocurrencies.

If you plan to invest in QNT, a Quant hardware wallet is a recommended storage option to ensure the security of your assets. However, it’s important to note that hardware wallets can still be vulnerable to physical damage, loss or theft, so it’s important to take proper precautions to protect your device and backup your private keys.

The best option for storing any cryptocurrency would be to use a hardware wallet. These are pieces of hardware that store the private key to your coins offline.

Today, there are two leading hardware manufacturers to choose from – Ledger and TREZOR. Both companies have different models of hardware wallets that will get the job done.

If you want deeper insights on specific models, you can read my Ledger Nano X review or my TREZOR Model T review.

Quant Software Wallets

A software wallet is a type of cryptocurrency wallet that stores your private keys on a software application installed on your computer, mobile device, or web browser. These wallets are convenient and easy to use, but they can also be less secure than hardware wallets, as they are connected to the internet and therefore potentially vulnerable to cyber attacks.

Quant software wallets are software wallets specifically designed to store and manage Quantum (QNT) cryptocurrency assets. Some popular examples of Quant software wallets include MyEtherWallet, Trust Wallet, Exodus, and Atomic Wallet. These wallets offer various features such as support for multiple cryptocurrencies, easy-to-use interfaces, and integration with decentralized exchanges.

When choosing a Quant software wallet, it’s important to consider security features such as two-factor authentication, backup and recovery options, and encryption of private keys. It’s also recommended to download wallets only from trusted sources and to keep your software and operating systems up-to-date to prevent potential security vulnerabilities.

Ultimately, whether you choose a Quant hardware wallet or a software wallet, it’s important to take appropriate measures to protect your private keys and ensure the security of your cryptocurrency assets.

Hardware wallets cost money, so if you’re not sure how serious you are about cryptocurrencies and just want to get a taste of what they feel like, perhaps you would be better off starting with a software wallet.

Payment methods:

Credit/debit card

Wire

Buy Quant through Crypto.com

Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos. The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as Crypto.com following a purchase of a domain owned by cryptography researcher and professor Matt Blaze. Domain sellers valued the domain at US$5–10 million.

Buy Quant through Binance

Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

Buy Quant through Coinbase

Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you QNT for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Quant on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Quant”

Buy Quant through Bybit

The exchange prides itself on delivering multilingual online support to its customers and is committed to providing a transparent and efficient trading experience. The products on the platform include BTC/USD, ETH/USD, LTC/USD, and XRP/USD perpetual contracts. A perpetual contract resembles a traditional futures contract in many ways. Its main difference, however, is that it doesn’t have an expiry date. Hence, traders are allowed to hold their positions for as long as they need to. Moreover, the exchange boasts a 100,000 TPS state-of-the-art matching engine. While many of its competitors have suffered from repeated overload problems, this high-performance matching engine makes it possible for Bybit to stand above the competition. The Bybit cryptocurrency broker platform is operated by the Bybit Fintech Limited which is registered on the British Virgin Islands, with headquarters in Singapore. The company was launched in March 2018, making it a fairly young player on the market.

Buy Quant through Kucoin

Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.

Step 3 – Withdraw Your Quant

Once you decide on an exchange, open an account and buy your Quant . Make sure to withdraw the Quant from the exchange to your personal wallet.

Never leave coins on an exchange, as you risk losing them all if that exchange gets hacked or shuts down (which has happened in the past) and always double check address before send coins because you can send the coins to wrong address .

Overview

Who Are the Founders of Quant?

Gilbert Verdian, one of the founders of the Quant network, had the idea for the blockchain project while he was working in the healthcare sector. Verdian identified the importance of interoperability in ensuring that patients registered on different platforms are covered.

Verdian has over 20 years of industry experience in upgrading the security, technology and business strategies of businesses around the globe in order to achieve tangible results.

Prior to the Quant Network, Verdian served as the chief information security officer (CISO) of Vocalink, a Mastercard card company, the chief information officer of NSW Ambulance, the CISO of eHealth NSW, and the security lead of the Ministry of Justice, UK.

The second co-founder, Dr Paolo Tasca, is an entrepreneur, digital economist who specializes in distributed systems. Dr. Tasca has served as the special advisor on blockchain technologies for the EU Parliament, the United Nations and numerous central banks worldwide.

He is also co-author of several books on fintech and is the co-founder and governing board chair of Retail Blockchain Consortium.

What Makes Quant Unique?

Quant (QNT) is a unique cryptocurrency that aims to bridge different blockchain networks together and enable seamless communication between them. This is done through the use of the Overledger technology, which is designed to act as a universal translator for blockchain networks.

There are several factors that make Quant unique:

Interoperability: Quant aims to enable interoperability between different blockchain networks, allowing them to communicate and share data with each other. This is done through the use of Overledger, which is designed to work with any blockchain network.
Cross-chain transactions: With the help of Overledger, Quant enables cross-chain transactions, meaning that users can transfer value between different blockchain networks without the need for intermediaries.
Decentralization: Quant is a decentralized network, meaning that it is not controlled by any central authority or entity. This ensures that the network is resilient and resistant to censorship.
Community-driven: Quant has a strong community of developers and users who are passionate about the project and actively contribute to its development and growth.
Use cases: Quant has a wide range of potential use cases, including in industries such as finance, healthcare, supply chain management, and more. This makes it a versatile and valuable tool for businesses and organizations looking to leverage blockchain technology.

Overall, Quant’s focus on interoperability and cross-chain communication makes it a unique cryptocurrency with the potential to drive innovation and create new opportunities in the blockchain space.

How Many Quant (QNT) Tokens Are There in Circulation?

Enterprises do not need to purchase the QNT tokens in order to use the Quant Network. However, they need the QNT tokens to use the network.

A developer has to purchase a license (in QNT) to create anything on the platform. This requires tokens to be locked up for 12 months. The cost of running the Gateways and performing read/write operations on Overledger requires the use of the QNT tokens.

The max supply of QNT tokens is set at 14,612,493 tokens. The QNT tokens were split in the following way:

9.9 million QNT tokens were sold to the public during the ICO;
2.6 million QNT tokens were assigned to the company reserve, to keep the project running;
1.3 million QNT tokens were reserved for the company founders;
651,000 QNT tokens were issued to the company advisors.

Currently, the circulating supply of the token is 12,072,738 QNT. The extra 2 million tokens are held by the company. These tokens are unlocked and could be sold or issued at any time.

How Is Quant Secured?

Quant (QNT) is secured through a combination of cryptographic algorithms, decentralized consensus mechanisms, and network governance. Here are some of the key security features of the Quant network:

Consensus mechanism: Quant uses a proof-of-stake consensus mechanism, which means that validators are chosen based on the amount of QNT they hold and stake. This ensures that the network is secure and resistant to attacks by malicious actors.
Encryption: All transactions on the Quant network are encrypted using advanced cryptographic algorithms, which ensures that they are secure and private.
Overledger technology: Quant’s Overledger technology enables the network to communicate and interact with different blockchain networks, which helps to prevent the risk of a single point of failure.
Decentralization: Quant is a decentralized network, meaning that it is not controlled by any central authority or entity. This makes it more resilient to attacks and ensures that it cannot be easily manipulated.
Governance: The Quant network is governed by a community of users and developers, who are responsible for making decisions about the network’s development and growth. This ensures that the network is transparent, democratic, and responsive to the needs of its users.

Overall, the combination of advanced cryptography, decentralized consensus mechanisms, and community governance make the Quant network a secure and reliable platform for storing and transferring value.

Where Can You Buy Quant ?

Quant (QNT) can be bought and traded on several cryptocurrency exchanges. Here are some popular exchanges where you can buy and trade QNT:

Binance: Binance is one of the largest cryptocurrency exchanges in the world and offers QNT trading pairs with several cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
Bitfinex: Bitfinex is a popular cryptocurrency exchange that offers QNT trading pairs with BTC and USD.
BitMax: BitMax is a cryptocurrency exchange that offers QNT trading pairs with several cryptocurrencies including BTC, ETH, and USDT.
Huobi: Huobi is a cryptocurrency exchange that offers QNT trading pairs with several cryptocurrencies including BTC, ETH, and USDT.
Uniswap: Uniswap is a decentralized exchange that enables peer-to-peer trading of QNT and other cryptocurrencies.

It’s important to note that buying and trading cryptocurrencies carries risks, and it’s recommended to do your own research and understand the risks involved before investing in any cryptocurrency. It’s also recommended to store your QNT in a secure wallet, such as a hardware wallet, to ensure the safety of your funds.