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Ever tried decentralized exchange with high liquidity? #DeFi

Unique, blockchain as it is, is broad and multifaceted. With smart contracts came this light bulb moment that everything of value that be tokenized. Tokenization and consequent recording on the blockchain brought about the need of interoperability between different blockchains serving the same purposes.

Introduction

Piquing public interest following listing at Bittrex, the Quant Network’s token, QNT, is special. Geared towards interoperability, the network creators assert that their aim is to tear down walls allowing full exploration of different blockchains by enterprises and developers.

To that end, Quant presents two core products in Overledger and GoVerify. While managing to be as smooth and sleek as possible, they successfully foster interoperability and are intuitive to the end user while presenting an avenue for future proof.

Quant Network describes OverLedger as a blockchain operating system that bridges and allows access to different blockchains and networks. Through it, Quant facilitates the creation of multi-chain applications, or simply, MApps. Meanwhile, GoVerify is more of a verification tool that automatically vets every incoming email, call or any other form of communication assuring enterprises that the message is from a verified, legit source, not scams.

Simply put, it is in Quant Network where enterprises or individuals can securely and easily build multi-network applications. Here, an enterprise or a developer can cherry pick advantages of one blockchain, say speed in Ripple and merge them with the decentralization of Ethereum, perfectly optimizing their blockchain agnostic App(s).

Team

Gilbert Verdian is the CEO. He has over 20 years in network security with several stints in multi-million corporations. Before, he was CISO (Chief Information Security Officer) at Vocalink. Owned by MasterCard, it works towards improving payments within the UK through the Faster Payments project.

Assisting him is Colin Paterson, the CTO (Chief Technical Officer). Like Gilbert, he his vastly experienced in Cybersecurity with a background in AI and IT. Colin is the co-founder of Trudera whose patented tech is used by TrustTag in Go Verify and Sentinel. Other noteworthy developers include Jean-Paul de Jong who is the Chief Architect, Vijay Verma, Rui Wang, Sebastien Bramille and Alexandru Chiriac who are Full Stack Developers.

Advising the team is Paolo Tasca who is a FinTech economist with specialty in P2P financial systems. He also counsels the EU and UN on blockchain matters besides being the founder and Executive Director of the Centre for Blockchain Technologies (UCL CBT) at University College London. Based in London, Chris Adelsbach is the Managing Director of Techstars whose partners include Amazon, Microsoft, Boeing and Ford.

Renier Janse van Rensburg has 20 years experience occupying various roles in advisory, assurance and management. Others advisors include Volker Skwarek and Tariq Khan.

Roadmap

Officially, Quant as a business began in Oct 2017 following the incorporation of Quant Network AG. However, the idea of OverLedger was conceived in 2015 and its operating system conceptualized two years later.

In late 2017, its prototype was developed and by mid-May 2018, their token sale was complete with TrustTag beta release in Q2 2018. Plans for Quant Enterprise MApps (multi-chain applications) and Treaty Contracts are there and there launch is after the Quant App Store aiding in Quant’s progression.

Partnership

Because of their ambitions, Quant has attracted quality and well-oiled partners. In fact, Quant Network is one of the founding members of the International Association for Trusted Blockchain Applications (INATBA) where other members include IOTA, Enterprise Ethereum Alliance, Fujitsu, Ledger and many more. Apart from that it works with Amazon’s webs service as a technology partner.

Furthermore, Quant Network joined the Hyperledger, an open source collaborative effort whose objectives overlap. Like Quant, Hyperledger seeks to advance cross-chain collaboration. Overly, by building and launching robust cross-chain industry specific apps, they hope to eventually roll out an enterprise grade open source distributed framework and code bases.

Additionally, Quant Network was appointed as a guarantor for Pay UK. It is one of the largest payment networks in the United Kingdom alongside other fintechs and banks. Following Quant’s involvement there is more openness and competition. Quant also sets the strategic direction for Payments infrastructure as well as for the adoption of new Payments Architecture.

Other partners include Oracle, Crowdz, AUCloud and UK Cloud, Mobi, Alchemy, Accord Project and many more.

Tokenomics

Over and above everything, Quant Network (QNT) is an Ethereum based token compliant with ERC-20 standard. However, their apps and tokens can be launched on any blockchain. The mildly successful crowdfunding began on April 4, 2018 and ended six weeks later on May 12th, 2018. The hard and soft caps were set at $40.6 and 14.6 million respectively. However, they managed to collect 30 percent of their desired amount.

Raising $11 million from the 31 million QNT tokens, which is 68 percent of the total amount of QNT; this shortness didn’t deflate them. During the pre-sale, each token was sold at $1 or 0.00145600 ETH during the pre-sale with that rising to $1.6 or 0.00230000 ETH during the public sale.

Participants were required to submit their details as the crowd funding was KYC and AML compliant barring investors from China, US and sanctioned countries as Iran and Syria. 31.57 percent of the total tokens in circulation are reserved by the company.

QNT is FiNMA–regulated and a utility token whose ownership provides a digital access to the platform’s apps and other services. Gaining entry to Quant Network’s operating system demands QNT tokens which is relinquished for fiat depending on the need of the requesting party. QNT will be exchanged for annual license, Consumption or platform fees billed in fiat.

Presently, following the token sale, QNT tokens are fixed at 14,612,493 with no plans of minting extra QNTs. This is important especially for QNT investors searching for value and seeking to rake in benefits should Quant Network dominate.

Because of this shift, ROI is superior despite crowd funding in a bearish year. Against the USD, its ROI is 4.19X, 8.63X versus ETH and 2.90X in BTC terms. QNT is currently trading at $6.31 against the USD with a market cap of $59.551 million and daily trading volumes of $7.363 million.

Short Term Catalysts

Competition may be stiff but Quant Network is visible because of what they present to their users. A Network to Network connection and over the transaction level of communication with a two phase connection method, Over Ledger is obviously trumping competitors like Hyperledger, Polkadot and Cosmos.

Add that to their fixed supply and QNT prices won’t be imperiled by extra emissions that heap the asset’s value with sell pressure. Already, there are more than ten QNT trading pairs in liquid exchanges including Bittrex and UpBit.

Traders who prefer DEXs can also trade via IDEX where it is paired against ETH. However, the listing at Next Exchange, which is regulated and a hybrid fiat ramp, will deepen QNT liquidity. At the exchange, it will be listed against five other digital assets including BTC, NEXT and ETH.

But it doesn’t stop there, Quant Network is open for more partners and during the Crypto Valley Conference held in Zug, Switzerland, Quant’s representatives were present to pitch the network’s benefit and purpose to thousands of attendees.

During the conference, there were more than 100 presentations from industry leaders in more than three stages. Here, the discussions circled around technology, economy and finance, and legal and regulation. Attendees were from different start-ups, corporate, academia and governments.

Long Term Catalysts

Accessible through Oracle, Amazon Web Services and collaborating with Crowdz and Alliance Block, Quant Network is an important cog in the interoperability landscape. Ambitious with support across the board, Quant Network recently struck a deal with SIA.

Analysts reckon that this would be game changing since it is one of the largest European fin-tech companies in the payments and infrastructure sectors. The goal is to explore possibilities of further blockchain interoperability including the development of blockchain agnostic applications for financial institutions.

As a result, SIA aims to eventually integrate Quant’s OverLedger into their infrastructure enabling interoperability. The first tests will be executed on the R3 Corda’s and private Ethereum platforms.

Daniele Savarè, Innovation & Business Solutions Director, SIA said:

“We actively continue on our path of innovation and the achievement of a fully interoperable blockchain network is the foremost objective we want to reach with the collaboration of Quant Network and its disruptive vision on DLT.”

All the same, enterprise adoption will make or break blockchain-and Quant by extension. To quantify, this year alone, according to data from International Data Corp, governments and corporate spending on blockchain and DLT reached $2.9 billion, an 89 percent expansion from 2018 and projected to hit $12.4 billion in the next three years.

In one way or another, their funds are funneled towards permissioned and permissionless networks as Ethereum or IOTA for example but OverLedger is the only solution that has the technology to link them all. Quant Atlas for example, allows for interoperable banking via cross border open banking.

Open banking, once mature will drastically change the way funds securely move across the borders. Since Quant is setting the standards, forging relationships with banks and platforms that financial institutions can find use in, one of their partners is SWIFT. It is a network for banks with more than 40 years experience in banking and under pressure to innovate. It is likely that if they interlink more financial platforms, it would be a sort after network benefiting early investors in days ahead.

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Ever tried decentralized exchange with high liquidity? #DeFi