Quant
Crypto Overview
Project Overview
Quant Network is a technology company that has developed Overledger, an operating system designed to connect different blockchains and networks globally. The QNT token serves as the utility token for accessing and licensing the Overledger network.
Intended Utility
The QNT token is primarily used for: 1) Paying license fees for using the Overledger network, 2) Staking requirements for running gateways, and 3) Payment for network usage and API calls.
Actual Utility and Adoption
Quant has established significant partnerships with major financial institutions and enterprises, including Oracle, SIA, and various central banks. The network is actively being used for enterprise blockchain solutions, with real transaction volume and API usage.
Token Distribution and Governance
Initial token distribution allocated 46.8% to public sale, 9.7% to seed investors, and 20% to the company treasury. The team and advisors received 23.5%. Vesting periods were implemented for team and advisor allocations. Current statistics show a well-distributed token supply without concerning concentration.
Technology and Development
The project maintains active development with regular GitHub updates. The Overledger platform has gone through multiple versions and continues to evolve with new features and improvements. The technology focuses on interoperability solutions without involving any interest-bearing mechanisms or prohibited activities.
Revenue Model
Revenue is generated through legitimate business activities: licensing fees, gateway operations, and API usage payments. The model does not involve interest (riba) or gambling-like mechanisms.
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”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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