What Is Quant? Should You Invest In QNT And Where To Buy It?

Last Updated October 25th 2022

22 Min Read

The cryptocurrency market has grown beyond expectations. At the moment, there are thousands of cryptocurrency projects tackling different problems in the blockchain industry and beyond. This also means there are several coins you can invest in if you are interested in cryptocurrency investment. Of course, not all these coins are great, which means you need to do your homework before buying any.

Quant is one of the cryptocurrencies you can invest in to make money. Many have already invested in the asset and made profits, just as many must have lost money by doing it the wrong way. But then, what is Quant? Should you invest in Quant (QNT)? And where can you buy Quant (QNT)? You may have several other questions regarding this digital asset, and we will attempt to answer the most important ones.

We can't overemphasise the need for cryptocurrency traders to learn every important thing about a digital asset before investing. You need to understand the purpose of a cryptocurrency project and consider the history of a network before deciding to buy its token. Good knowledge of the fundamentals of a digital currency will help you manage the risks of investing in the volatile market.

Before we delve fully into discussing Quant and its suitability as an investment vehicle, it is important to note that we will not offer direct investment advice. It is critical you read through this post carefully as we will provide crucial information that will help you answer the key questions yourself and make a sound decision about Quant.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Content:

What is Quant?
A Brief History Of Quant
What Makes Quant Unique?
More about The Quant Token
Should You Invest In Quant?
Is Quant A Safe Investment?
Major Reasons to Invest In Quant
Reasons to Think Twice About Investing In Quant
Where Can You Buy QNT?
Best Platform to Buy QNT
What Next after Buying QNT?
Key Points to Keep In Mind
Final Words

What Is Quant?

Quant is a cryptocurrency project that offers multiple services to individuals and businesses. The project was launched in 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is recognized as the very first cryptocurrency project to tackle the problem of interoperability by creating the first-ever blockchain operating system.

In addition to bringing universal interoperability to the market, Quant improves the experiences of businesses and individuals in the cryptocurrency space. One of such services is the ability to exchange assets across a secure and cost-effective network. With its proprietary operating system called Overledger, Quant can efficiently bridge the gap that exists between any two blockchains. Overledger also allows developers to build multi-chain applications (MApps) on the network.

For investment reasons, we can easily define Quant as the cryptocurrency that powers the Quant network. Like other crypto projects, Quant has a native currency that powers the network, and that is the digital asset you will need to buy to invest in the network. While this article will look at the entire Quant ecosystem, the native currency will be the focal point. Activities on the ecosystem will majorly affect investors by improving or decreasing the value of the currency.

Back to Quant as a network, it is one of the projects that is facilitating the adoption of blockchain technology across different industries. It has the necessary infrastructure to help individuals and businesses to connect to the digital economy without investing so much in building individual infrastructure. The latest version of Overledger, for instance, supports blockchain payments. Different assets can be used on the network to settle transactions, but the native token (QNT) is the most important asset on the network.

A Brief History Of Quant

Though Quant was officially launched in 2018, the journey started a few years before that. It is said that the principal founder, Gilbert Verdian, had the idea of the project while he was still working in the healthcare sector. The project was actually started around 2015 when the founder discovered how Distributed Ledger Technology (DLT) can be very impactful in the future. He understood that to improve the industry, DLTs will need to work together.

Gilbert Verdian did not start the Quant project alone. He worked with Dr Paolo Tasca, who is a known entrepreneur and digital economist. The project came to life after the cofounders created Overledger, the OS that changed the game in the cryptocurrency universe.

Over the years, Quant has grown significantly, expanding its infrastructure at the same time. The company has released a handful of updates. The 1.5 update released in January 2021 opened Bitcoin, Ethereum, and Ripple Ledgers to the network. At the moment, Overledger has the capacity to unlock and distribute value and applications across current and future blockchains.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What Makes Quant Unique?

The value of most cryptocurrencies lies in what they offer to the blockchain industry and their uniqueness. Quant is not like any other crypto project out there. As stated earlier, it is the first project to solve the problem of interoperability by introducing an operating system for blockchains. By building bridges across different blockchains, it opened several opportunities in the sector.

Quant operating system, Overledger, is one of the things that makes the network unique. It serves as a reliable gateway for any blockchain project to access other blockchains for positive interactions. It helps to connect different applications on either the same ecosystem (e.g. Ethereum) or different blockchain ecosystems (e.g. Ethereum and Ripple).

Quant is a complete utility ecosystem that facilitates all manners of interactions on the blockchain universe. It offers different layers for transactions, messaging, filtering, and ordering. There is also an application for sharing and referencing identical messages from different applications.

Another thing that makes Quant unique is its App Store. This highly functional App Store can monitor transactions across several ledgers. Of course, it is home to several multi-chain applications (MApps) that are created by developers and used by individuals and businesses for several helpful interactions and transactions.

More About The Quant Token (QNT)

As stated already, Quant has a native token that powers the network. You should also know at this point that this native currency is the primary asset you will need to buy to invest in the Quant. So, what do you need to know about this token?

One of the first things to know about Quant is that it is an ERC-20 token built on Ethereum. It is the primary token used to pay for services on the network. It is also useful in validating transactions sent on Overledger. Quant trades on many exchanges under the ticker symbol “QNT.”

At the time of writing this piece, Quant was trading for $178 per token. Its market capitalization is $2.15 billion making it the #30 ranked cryptocurrency in the world. Currently, there are 12,072,738.00 QNT in circulation, and that is approximately 83% of the expected total/maximum supply of 14,612,493 QNT.

Should You Invest In Quant?

Quant is currently used by many individuals and businesses in the cryptocurrency space. It is regarded as a very successful project and has huge potentials. Does that mean you should invest in Quant right away? Not so fast.

There are different things to consider before investing in a cryptocurrency. As you should know, all cryptocurrencies are volatile, which means you must be careful when investing. Though Quant looks very much like a project that will grow even bigger in the future, you need to consider several things before buying the token.

You will have to decide whether to buy Quant or not. To help you make a sound decision, we will discuss some of the most important things you need to consider.

Check Out: Is Quant A Good Investment?

Is Quant A Safe Investment?

One of the first important factors to consider before buying any cryptocurrency is the safety of your investment. In many ways, this depends on how secure the platform is. So, how is Quant secured and is investing in QNT really safe?

From what we have discussed already, you can tell that Overledger is an important part of the Quant ecosystem. Actually, it is the backbone of the network because it facilitates communicability among the different DLTs and also interacts with the other blockchains it helps to bring together.

Though it links different blockchains, Overledger does not create room for compromise. In some ways, it is similar to Ethereum’s proof-of-stake protocol, with the Quant Network community handling treasury and smart contracts.

Overall, Quant is regarded as a highly secured network. It has never been hacked in the past. Quant is also known for being an innovative network that releases upgrades regularly. These upgrades come with additional security features, so Quant is secured. Your investment, also, should be safe and secured.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Major Reasons To Invest In Quant

Already, we have discussed several positive things about Quant. If you have been following, you will have some good things to say about the network and the entire ecosystem. But what are the concrete reasons to choose QNT among several other digital coins? Here are some of the most concrete reasons to invest:

✅ Quant is an innovative cryptocurrency project that solves an important problem

Though cryptocurrencies are often referred to as speculative assets, many are native currencies to protocols or platforms that solve important problems. Quant is one of such cryptocurrencies. The Quant ecosystem solves the problem of interoperability. It is an important project within the blockchain industry and beyond. Since the network is valuable, the token is also valuable which means it can perform better in the future.

✅ Quant is designed to serve both current and future blockchains

One of the most spectacular things about Quant is that its infrastructure is designed to work with existing and future blockchains. This means that the network will continue to be relevant, even as the blockchain industry continues to grow and change. It is a project for the present and the future.

✅ Quant does not compete with other networks but works with them closely

One of the issues with many new cryptocurrency projects is that they address the same issues in similar ways. This creates unnecessary competition in the industry. This is not the case with Quant. It is a unique cryptocurrency network that works seamlessly with different blockchains. Instead of being in competition with any other project, it can help said project to interact with others and gain the benefits that come with it.

✅ Quant does not focus on the blockchain industry alone

There are many cryptocurrency projects that address problems beyond the blockchain industry and Quant is one of them. The cofounder came about the idea after noticing inefficiencies in the Australian healthcare system. At the moment, Quant has been adopted by several other industries and many more will still benefit from it in the future.

✅ Quant has been adopted by many businesses already

Quant has already won the hearts of many and is being used by individuals and business entities. Wide adoption is one of the important qualities of a good cryptocurrency. It is a sign of value and will often reflect on the performance of the token in the long run. Many more businesses will get to use Quant in the future, which means it will continue to grow in terms of value.

✅ Quant has notable partners

Another way to distinguish valuable cryptocurrency projects from those that are of little value is the number of partnerships they have. Quant has more partners than a vast majority of other cryptocurrencies. Some of its most notable partners include the AUCloud, Fractal Wealth, MIT, SIA Europe, Constellation, Amazon Partner Network, EU’s International Association for Trusted Blockchain Applications, Pay.UK, and many others.

✅ Quant Play Store is growing fast

Overledger, the OS that serves as the backbone of the Quant network, allows developers to develop multi-chain applications that are available on the networks Play Store. This Play Store is bubbling, which is an indication of how well the network has been accepted by businesses and individual cryptocurrency enthusiasts. It is also an interesting hub for blockchain developers.

✅ Quant is always improving its services and offerings

One of the reasons Quant has remained one of the favorite platforms for informed blockchain enthusiasts is the fact that it keeps improving. The network has offered several upgrades and is always providing additional services for users. We also believe that it will continue to improve in the future, and that will definitely reflect on the value of its token.

✅ Quant (QNT) has performed relatively well over the years

Quant was launched in June 2018, which means it has been around for a little over three years. In that time, it has grown significantly. The price of the token has grown so much and it is currently selling for more than $178 per token. More growth is expected in the future.

✅ Quant is easily available in many exchanges

It is always better to buy a cryptocurrency that is tradable on many exchanges – it is a sign of high liquidity. Quant is easily available across different platforms, which means you will have no trouble buying and selling it. Your only headache will be to determine the best platform to buy from and where/when to sell.

Reasons to Think Twice About Investing In Quant

While there are several positive things about Quant and its native token, there are things that may also make you regret investing in the coin. Here are some reasons to think twice before deciding to invest in Quant:

❌ Quant is a volatile asset

Many people avoid the cryptocurrency market because of its volatile nature. As wonderful as Quant investment may sound, you should always remember that the coin is volatile. The implication is that it is easy to record losses just as it is easy to make profits. If you don’t have the stomach for the volatile nature of the market then Quant may not be the investment for you.

❌ The price of Quant is already high

Ideally, investing in cryptocurrencies in the early days is one of the best ways to generate huge profits when you decide to sell. Quant is relatively new, but the price of the token has already gone up. No one is certain of how higher it could go, so the risks of investing are higher. Though it is still possible to invest and generate profit, potential investors need higher capital to get started.

Where Can You Buy Quant (QNT)?

Buying cryptocurrencies and similar digital assets are easier than it used to be a few years ago. There are several platforms where you can buy Quant (QNT) and other cryptos from. This doesn’t mean you should choose randomly. It is possible to fall victim to scammers if you don’t choose where to buy from carefully.

Basically, there are three categories of platforms to buy Quant and other digital assets from. The first and commonest choices for most people are cryptocurrency exchanges. There are many cryptocurrency exchanges and they have similar characteristics.

You can also buy cryptocurrencies from brokerage firms. Several brokerages now understand that cryptocurrencies have come to stay. Many of the most progressive and innovative ones have opened their doors to cryptocurrency investors. These brokerages offer several cryptocurrencies in addition to other financial vehicles like stock, options, ETFs, and more.

Besides cryptocurrency exchanges and brokerages, you can also buy Quant and other cryptocurrencies from apps that are either designated investment or trading platforms. While some of the apps may be dedicated to cryptocurrencies alone, some also deal on other items of value.

Don't Miss: Quant Price Predictions

Best Platform To Buy Quant (QNT)

Knowing that there are three categories of platforms you can buy Quant from, the next important thing is to be able to understand these platforms and know the right one to buy from when it is time to invest.

Cryptocurrency exchanges may be the commonest platforms for buying and selling cryptocurrencies, but not the absolute best for most people. The best thing about exchanges is that they always have a wide range of coins you can buy. On the flip side, they do not offer any reasonable extra value. Again, it is not safe to leave your digital asset on an exchange. Some of the biggest exchanges have been hacked in the past, and there are chances that some will still be hacked in the future.

Cryptocurrency exchanges may not be the best platforms for some cryptocurrency investors, but they are still miles ahead of regular apps that are neither exchanges nor brokerages. Many of the so-called trading and investment platforms that offer cryptocurrencies are owned by scammers and businesses with questionable ethics. Some are run by scammers who will not hesitate to disappear with your investment.

From the two paragraphs above, you can tell that we are convinced that brokerages are the best platforms for the average cryptocurrency investor. Brokerage firms are mostly run by experts who understand the ins and outs of investing. Brokerage firms design and run their platforms in ways that improve the experience of investors and improve their chances of making reasonable profits.

There are different brokerage firms that offer Quants and other cryptocurrencies. However, eToro is recognized as one of the very best options and is commonly used by experienced investors/traders. It has been called the number one social trading platform because of the perks it offers. The best part of the story is that it is great for users of all experience levels.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What Next After Buying QNT?

Buying Quant is just the first stage of investing in the coin. Depending on your investment strategy and other factors, you may have to keep the token for a while before selling. It can take anything between minutes and years to hold a digital asset before selling. Keeping your assets safe should be a priority.

Cryptocurrencies are stored in digital assets and choosing the right wallet is one of the most important steps towards profitable cryptocurrency investing. There are key considerations to make while choosing a digital wallet for your crypto assets. Multi-token wallets are always the best, but you must be sure that the security features are satisfactory. This is another area eToro favours serious investors – it offers a great digital wallet you can use to keep your assets safe for as long as possible.

Key Points To Keep In Mind

We have discussed the important things you need to know about Quant as well as the information you need to determine whether it is an asset you will like to invest in. To wrap it up and help you remember the most important things, we will highlight the key points you need to keep in mind while making a decision below:

Quant is an incredibly useful cryptocurrency project – it is the first project to solve the problem of interoperability by creating an operating system (OS) for blockchains.
Quant is designed to work seamlessly with current and future blockchains, connecting different distributed ledgers, platforms, networks, and applications.
Quant offers several services to individuals and businesses within and outside the blockchain industry.
Quant has been widely adopted and is used in multiple industries.
Quant has attracted several meaningful partnerships which have positioned it for a bright future.
Quant does not compete with other cryptocurrency platforms, rather it works with as many networks as possible to satisfy users.
Quant is a highly secured platform, thanks to the Overledger network and other wonderful infrastructure.
Quant allows for the creation of multi-chain apps known as MApps, and the App Store is booming.
Quant's native currency and the primary digital asset is an ER-20 token and trades under the ticker symbol QNT.
Quant is always improving and adding additional helpful features that improve its overall value.
Quant can be bought from different platforms, but eToro appears to be the best platform for many concrete reasons.
You will need to keep your QNT in a secure digital wallet pending the time you want to sell.
Quant is volatile like other cryptocurrencies, so it is considered a risky investment.

Final Words

Investing in cryptocurrencies can be very risky, though the rewards can significantly outweigh the risks when they come. It is not proper to go into such a risky market without doing your homework properly. We often recommend that cryptocurrency investors and potential investors should read up on any coin they intend to invest in. Here, we have discussed Quant (QNT) in a manner that can help even a novice to make an informed decision about investing or ignoring it.

Remember that where you buy your digital asset matters a lot. Choosing the right platform to buy from will make your investment journey smoother and increase your chances of having an overall good experience. You can also notice that we suggested eToro as the best platform to buy Quant. This is primarily because eToro has solidified its position as the number one social trading platform, and offers its users lots of perks. Invest the smart way, and the reward may change your life.