Quant (QNT) Team Announced its Airdrop and Application Steps

Quant (QNT) is a cryptocurrency project with the aim of connecting blockchains and networks globally. It was launched in June 2018. It does not compromise the efficiency and interoperability of the network.

It aims to address the interoperability problem with the creation of a blockchain operating system. It is built as an operating system for distributed ledger technology and the Overledger Network. This network is designed to connect different blockchain networks.

QNT is the native cryptocurrency token that powers Quant Network’s Overledger brand of enterprise software solutions. It is an Ethereum-based token that aims to connect public blockchains and private networks.

It allows the creation of mdApps and enables decentralized applications to operate on multiple blockchains at once.

Founders of Quant

Gilbert Verdian and Dr. Paolo Tasca are the founders of Quant Network. Verdian has previously worked as the chief information security officer (CISO) of Vocalink, the chief information officer of NSW Ambulance, the CISO of eHealth NSW, and the security lead of the Ministry of Justice, UK.

Dr. Paola Tasca is an entrepreneur and digital economist with a specialization in distributed systems. He has previously worked as a special advisor on blockchain technologies for the United Nations, the EU Parliament, and various other central banks. He is also a co-author of several pieces of literature on fintech. Apart from this, he is the co-founder and a member of the governing board of the Retail Blockchain Consortium.

Working of Quant

It functions through its Overledger Network, which is designed with the objective of bridging the gap between different blockchains. Overledgers enable developers to build decentralized multi-chain applications (MApps) for their users or customers.

In order to build a Mapp on the network, developers need to hold a certain amount of Quant tokens (QNT). Overledger was created with the intention of enabling blockchain-based projects to access other blockchains. Moreover, it facilitates the interaction of an application with other applications in the same blockchain ecosystem.

The structure of Quant allows apps to interact at different levels, including transactions, messaging, filtering, ordering, and an application for sharing and referencing identical messages related to other applications. 

QNT Token

QNT is the utility token used for payment for Quant services and essentially as a means for Overledger users to pay their fees. Every client and developer must buy a license to use QNT for transaction payments. It requires tokens to be locked up for 12 months.

The cost of running the gateways and performing write/read operations on Overledger requires the use of Qunat tokens.

The current market cap of the QNT token is $1,641,984,371, and its fully diluted valuation is $1,649,697,092. The total and maximum supply are 14,612,493 QNTs. The circulating supply is 14,544,176 QNTs.

The initial supply of tokens was distributed among the ICO public sale, company reserves, research and development, founders, and advisors.

Uses of QNT

Quant’s primary use is to provide a platform for developers to build decentralized mApps. Using Overledger, developers can write smart contracts across a wide variety of chains. It includes those that don’t support currencies, such as Bitcoin.

Developers can use the platform to create and release multi-chain applications. Moreover, the Quant App store can read and monitor transactions across multiple ledgers, providing a comprehensive view of activities across different blockchain networks.

Airdrop

The developers announced an airdrop in December 2023 and they also mentioned the steps to apply for the airdrop.

The Quant $QNT airdrop event is different as it delivers $500 along with government tokens, offering participants input into upcoming project choices. This airdrop is extremely appealing for those eager for decentralized finance and community-focused initiatives.

Step-by-step guide to participating in the Airdrop event

Step 1: Open the Airdrop hidden page

Users are required to visit dAppRadar to begin the airdrop process.

Step 2: Users are required to link wallet

Connect active cryptocurrency wallets. It is to be noted that empty or new wallets are not qualified.

Step 3: Verify participation

Users are required to confirm their participation in the airdrop within the wallet interface.

Step 4: Automatic Redirection

After confirmation, the user will be automatically redirected to a secret Quant $QNT airdrop page.

Step 5: Confirm Receipt of Tokens

On the Quant $QNT airdrop page, users are required to confirm the receipt of tokens into their wallet.

Step 6: Automatic Credit of Tokens

The tokens will automatically be credited to the user’s wallet, completing the process.

Ways to Stay Ahead in Crypto Airdrops

• Actively participating in the crypto community can boost users’ chances of getting more airdrops, i.e., by staying engaged in the process.
• Users are advised to stay informed about the new projects and chances for free tokens.
• Users are advised to ensure that they are following local laws and regulations when joining airdrops.

Conclusion: Benefits of Airdrop

The Quant (QNT) Airdrop is not only about receiving free crypto. Rather, it’s a chance to join a community-led token initiative and help impact the project’s future. To optimize the benefits of this airdrop and to gain other similar opportunities in the future, users need to be updated and they should be actively involved in the crypto community.  

It is critical to be informed and secure in the world of cryptocurrencies. 

FAQs

Where can a user buy Quant?

QNT tokens are traded on centralized crypto exchanges. The most popular exchange is Coinbase, and other exchanges that trade Quant are Bitget and Binance.

Which is the most active trading pair?

The most active trading pair is QNT/USD.

What other assets are similar to Quant?

Assets that have similar market cap to Quant are FTX token, MultiversX, Aave, and many others.

Which wallet is best to store QNT?

The wallets that support the storage of QNT includes trust wallet, Metamask, Ledger, imToken, Tourism Coinbase, TokenPocket, and iToken Wallet.

Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.