The Quant Network is made up of the Overledger OS and the Overledger Network. The Overledger OS sits on top of multiple blockchains to allow for building multi-chain applications, meaning applications built on top of multiple blockchains rather than just one. The Overledger OS has many benefits, including easy adoption, interoperability, flexibility, and compliance with security and regulation. The Overledger Network enables users to share data, apps, and resources and make money. The QNT token has various use cases, including enterprise and developer licenses, platform fees, identity and account, transaction processing, application users, and gateways and staking. It has less supply than Bitcoin and a more diversified and useful use case making it a better investment option.
Explaining the Quant Network and the qnt Token
The Quant Network
In this video, we will explore what the Quant network is all about. The Quant network comprises two main components, the Over Ledger OS and the Over Ledger Network. The Over Ledger OS is not a blockchain but sits on top of multiple blockchains. It allows individuals and institutions to build multi-chain applications.
A multi-chain application leverages the strengths of multiple blockchains instead of just one. For instance, an application built using the Over Ledger OS can take advantage of both the speed of the Stellar blockchain and the security of the Bitcoin blockchain. The Over Ledger OS allows for individuals and institutions to build multi-chain applications, avoiding being stuck building an application on a single blockchain.
Over Ledger OS Benefits
The Over Ledger OS provides amazing and beneficial qualities to individuals and institutions by allowing the use of blockchain with just three lines of code. It offers choice interoperability, flexibility, and avoids buying additional infrastructure while complying with security and regulatory standards.
Over Ledger Network
The Over Ledger Network is made up of the Over Ledger OS users who can share their data, apps, and resources and monetize them.
QNT Token Use Case
We will now explore the QNT token’s use case, which has multiple benefits, including:
QNT Tokens are exchanged for an annual income price of the access that will be fixed in Fiat.
Developers can obtain an annual license to develop applications on Over Ledger through the purchase of QNT tokens equivalent to a fixed Fiat amount.
A platform fee calculated as a percentage of the license fee in QNT will be payable by all users and developers.
Identity and Account
A minimum QNT holding is put in place for every participant of the Over Ledger ecosystem. The wallet store in QNT is the identity, the private key is the password, and with the license fee, a BPI key is assigned.
QNT tokens are used to validate, sign, and encrypt every transaction that flows through Over Ledger.
Users will need to hold QNT tokens to run multi-chain applications. The license key will expire annually and must be renewed with more tokens.
Gateways and Staking
To run a Gateway, there is an annual fee fixed in Fiat to be paid in QNT tokens. Gateways earn QNT for transaction processing, and tokens can be staked to increase the gateway’s capacity.
The QNT token has a very diversified and good use case, making it a much better choice than Bitcoin. It has less of a supply than Bitcoin, making it more rare. It is a fantastic and wonderful token with a lot of potential.