Quant Network In-depth Report Generated by AI - For further details, please review:

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1)What is QNT?

Quant Network (QNT) is a blockchain interoperability platform launched in 2018, aiming to globally connect different blockchains and networks while maintaining efficiency. It utilizes distributed ledger technologies to achieve the traditional internet's goal of a decentralized network. The native cryptocurrency, QNT, is an ERC-20 token, blockchain-independent, and regulated by the Swiss Financial Market Supervisory Authority (FINMA). QNT tokens are necessary for developers to build on the Overledger platform, with payments made in fiat currency converted to QNT by the Quant Treasury.

Overledger, the core technology of Quant Network, is an API gateway that links various blockchain networks, overcoming technical differences between them. The network comprises the Overledger Network and Overledger OS, supporting the creation and access of multi-chain applications (mApps) that operate on different blockchains using treaty contracts.

Quant also supports Multi-ledger tokens (MLTs), backed by fiat funds, facilitating functionalities like cross-border transfers, stablecoins, and micropayments. Founded by Gilbert Verdian in 2015, with over $11 million raised in an ICO in April 2018, Quant Network's total maximum supply of QNT tokens is 14,612,493, with 12,072,738 currently in circulation.

2)Which sector does QNT belong to?

Quant Network (QNT) is primarily part of the blockchain infrastructure sector. It focuses on interoperability within the blockchain ecosystem, connecting various distributed ledger networks and providing infrastructure for efficient data transfer across multiple blockchains.

The current situation and development prospects of the blockchain infrastructure sector are robust and rapidly evolving. In 2023, the market size for blockchain technology is expected to reach $23.3 billion, driven by increased investment, reduced operating costs, and growing demand in logistics and commerce. Big capital has been actively investing in blockchain projects since 2020, with many industry leaders establishing blockchain labs.

Significant improvements in blockchain technology include private and trusted networks, technological advancements in self-executing contracts, new cryptography methods, and the development of compatible and efficient DLT platforms like Polkadot and Cosmos. Blockchain technology is being adopted in various sectors, including finance, payment systems, retail, international trade, and logistics, due to its ability to simplify processes, automate transactions, and enhance transparency.

3)What is tokenomics of QNT (includes allocation and supply schedule)?

Token QNT was launched in Apr 2018. The initial supply is 14.6 million, the current circulation is 14.6 million, the circulation accounts for 100%, the market value is 1.47 billion US dollars, and the FDV is 1.47 billion US dollars. The token has increased 200 times since its launch

Token Allocation

• Total Supply: The total supply of QNT tokens is fixed at 14.6 million, meaning there is no inflation and no new tokens can enter the market to erode the value of existing token holders.
• Distribution:

* 9.9 million tokens were sold to the public during the ICO.

* 2.6 million tokens were allocated to the company reserve.

* 1.3 million tokens were reserved for the company founders.

* 651,000 tokens were assigned to company advisors.

Token Utility and Usage:

• Enterprises can use the Overledger Network by paying in fiat, which is then used by the Quant Network treasury to purchase QNT tokens. These tokens are used to power the services required by enterprises.
• A license must be purchased to develop on the Overledger Platform, requiring tokens to be locked up for 12 months.
• Overledger read and write activities by developers require QNT tokens.
• There is an annual cost for running Gateways on the network, initially proposed to be 500 QNT.
• Every participant in the Overledger ecosystem will be required to hold a minimum amount of QNT.

4)What about the team and the investors of QNT?

Team Behind QNT

• Founder and CEO: Gilbert Verdian is the Founder and CEO of Quant Network. He is an early blockchain pioneer with extensive experience in technology and security sectors. Prior to Quant, he held managing and C-level roles at companies such as PricewaterhouseCoopers, BP, and Vocalink (a Mastercard company). Verdian also founded the Blockchain ISO Standard TC307.
• Other Key Executives: The team includes Martin Hargreaves (Chief Product Officer), Lara Verdian (Chief Operating Officer), Andrew Carrier (Chief Marketing Officer), Helen Kemmitt (General Counsel), Neil Smit (Director), and Guy Dietrich (Director). Colin Paterson and Paolo Tasca were among the founders but are no longer with the company.

Funding History

• Total Funds Raised: Quant Network has raised a total of $11,000,000. The latest funding round was on July 21, 2020, and was a strategic round that raised $11M.
• Initial Coin Offering (ICO): In an ICO held in 2018, Quant Network raised $11 million (out of a $36.9 million hard cap).
• Investors: Quant is backed by investors such as Eden Block and Alpha Sigma Capital.

5)What is the development history of QNT?

Significant Milestones in QNT's Development（updated to 2023）

1. Early Career of Founder Gilbert Verdian: Verdian, a key figure in the cryptocurrency industry, has held prestigious positions at companies like Ernst & Young, HSBC, BP Oil, and worked with Her Majesty’s Treasury, the UK Ministry of Justice, the Bank of England, and the Federal Reserve. He also developed the Blockchain ISO Standard TC307, now used in nearly 60 countries.

2. Official Launch of Quant Network: In December 2017, Gilbert Verdian and a team of developers officially launched the Quant Network.

3. Release of Overledger: Less than a year later, Quant Network unveiled its blockchain operating system Overledger at an inaugural Quant X event in London, England.

4. Quant Network ICO: In May 2018, Quant Network held an ICO for its QNT token. The ICO raised $11 million, which was less than its soft cap of around $16 million and substantially less than the hard cap of $40 million.

5. Recognition in Crypto Valley: In 2019, Quant Network was named one of Crypto Valley’s Top 50 Companies for Q1 2019 by CV VC in collaboration with PwC.

6. Launch of the Overledger Network: In June 2020, Quant launched the Overledger Network, which uses QNT to confirm transactions and ensure coverage of network fees and participation rewards.

7. Funding from Alpha Sigma Capital: In July 2020, Quant Network received an undisclosed amount of funding from Alpha Sigma Capital, aiding in the beta testing of its technologies.

8. Integration of Multiple Cryptocurrency Blockchains: Quant Network aims to integrate multiple cryptocurrency blockchains into its Overledger Network, supporting blockchains like Bitcoin, Ethereum, XRP, Binance Chain, Stellar, EOS, IOTA, and others.

6)What is the progress and future roadmap of it?

• Future Roadmap and Developments

Quant Network (QNT) has made significant progress in 2023 and has a well-defined future roadmap. The key developments and future plans for Quant Network include:

1. Development of International Standards for Crypto Bridges: Quant is actively working on developing international standards for crypto bridges. These bridges are solutions that allow tokens to be used on blockchains other than the ones they were created on.

2. Focus on Security and Regulations: The founder and CEO of Quant, Gilbert Verdian, has indicated that the most important developments this year are expected to come from the area of security and regulations.

3. Increased Focus on CBDCs: Quant Network is also increasing its focus on Central Bank Digital Currencies (CBDCs), despite the ongoing politicization of these initiatives.

4. Tokenization: Tokenization is another key area of focus for Quant Network.

5. Active Project Development: Despite the bear market in the previous year, Quant Network remains very active, particularly in bridge development and in producing and publishing analyses and descriptions of what is happening in the crypto world.

6. Enhancing Interoperability Among Blockchain Systems: In 2023, Quant made significant strides in enhancing interoperability among blockchain systems, enabling seamless connections between different blockchains and access to necessary services without network switching.

7. Release of Overledger 2.0.5: A major development was the release of Overledger 2.0.5, which bridges stablecoin, NFT, and DeFi ecosystems with blockchain payments. This update significantly enhances interoperability and supports over 25 digital assets for ERC20 token production and a range of assets for ERC20 Sandbox and ER721 production.

8. Quant Utility and Governance Token: The native token of the Quant protocol, QNT, continues to play a dual role as both a utility and governance token within the Quant ecosystem. It is built on the Ethereum Blockchain as an ERC-20 token and can be switched to any other blockchain at any time.

9. Resilience in Market Performance: Despite market volatility, Quant demonstrated resilience and demand growth in 2023, with the QNT currency experiencing a significant recovery from lower values in the previous year.

10. Future Roadmap: Quant’s future updates aim to build upon the capabilities introduced in their latest releases. The focus is on enabling institutions and developers to issue fungible and non-fungible tokens on the Quant platform. Plans also include supporting the creation and management of interoperable stablecoins, digital currencies, and tokenized assets, positioning Quant as a rapidly growing network in the blockchain interoperability sector

7)List all important links related to QNT

The Cryptonomist article discussing Quant Network's progress:

https://en.cryptonomist.ch/2023/09/23/the-quant-network-qnt-crypto-continues-to-rise/

CryptoMode's article on major developments for Quant in 2023:

https://cryptomode.com/5-major-developments-for-quant-qnt-in-2023/

8)Bullishness index for this token from the perspective of token valuation and future potential from Chatgpt 4

Quant Network (QNT) has shown considerable growth and potential, with various predictions and analyses highlighting its future prospects: Valuation and Price Predictions:

Valuation and Price Predictions:

• 2023 Predictions: For 2023, QNT is expected to reach a maximum price of $219.34 and an average price of $193.29, with a minimum price of $187.96.
• 2024-2025 Forecasts: The forecast for 2024 suggests an average price of $286.36, reaching a maximum of $328.59. By 2025, an average price of $412.05 and a maximum price of $466.34 is expected.
• 2026-2028 Outlook: In 2026, prices could reach a maximum of $701.03, and by 2028, they might hit a maximum of $1,493.38.
• Long-term Predictions (2029-2032): For 2029, the average price prediction is $1,868.61, and by 2032, it could reach a maximum of $6,048.58. Other sources like Price Prediction net and TechnewsLeader have also given bullish outlooks, with predictions reaching up to $4,374.51 by 2031.

Future Prospects:

• Overledger's Role: Quant's Overledger operating system acts as a bridge between traditional corporations and blockchain technology, addressing the rapid development pace in the DLT industry.
• Interoperability: Overledger's interoperability is a key selling point, approved by many corporations, including big names like SIA in European payment infrastructure.
• Compatibility and Vision: Overledger is compatible with major public and permissioned blockchain networks, envisioning a network of networks for a hyper-connected world.
• Token Utility: QNT tokens are crucial for accessing Overledger and its multi-chain applications (MApps), offering a unique utility within the Quant ecosystem.

Team and Investment Analysis:

• Team Competence: The team's competence is crucial for the project's future, with the Quant Network team having a strong background and corporate connections.
• Future-Proofing and Roadblocks: Quant Network is considered one of the most future-proof blockchain interoperability projects. However, potential roadblocks include competition from other operating systems and the mainstream adoption of blockchain technology.
• Impact of Bitcoin: The Bitcoin price significantly influences altcoin prices, including QNT, which is an important factor to consider in investment decisions.

In summary, Quant Network (QNT) shows a bullish trend in its valuation and price predictions for the coming years. Its Overledger operating system offers a unique solution to the interoperability challenge in blockchain technology, gaining traction among corporations. The Quant Network team's strong background and the unique utility of QNT tokens add to the positive outlook. However, potential roadblocks and the influence of Bitcoin's price on the overall crypto market are important considerations for potential investors.