Quant
Crypto Overview
Overview
Quant (QNT) is the native token of the Quant Network, which operates Overledger, the world's first blockchain operating system designed to connect different blockchain networks and facilitate interoperability between them. The project was founded in 2018 by Gilbert Verdian, who previously worked in cybersecurity roles for the UK Government, Bank of England, and Federal Reserve.
Intended Utility
QNT serves multiple purposes within the Overledger ecosystem: It's required for licensing fees to access the Overledger network, developers must hold QNT to create and deploy multi-chain applications (mDapps), and enterprises need QNT tokens to pay for platform usage. The token follows a utility-based model where its value is directly tied to network usage.
Actual Utility Assessment
Quant has demonstrated significant real-world adoption through partnerships with major financial institutions and organizations including Oracle, SIA, PayThink, and various central banks. The network has maintained consistent development activity, with regular updates to the Overledger platform and expanding enterprise solutions.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation: 45% was sold in the ICO, 15% reserved for the team (with multi-year vesting), 20% for ecosystem development, and 20% for future network development. The team's tokens are subject to long-term vesting schedules, reducing the risk of founder enrichment schemes.
Technology and Revenue Model
Quant's revenue model is based on licensing fees and transaction fees paid in QNT, not on interest or lending mechanisms. The platform focuses on enterprise blockchain solutions and interoperability services, avoiding involvement in prohibited activities like gambling or interest-based lending.
Crypto Impact
To assign a comfort level investing in Quant from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Quant.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.