Quant (QNT) a Cryptocurrency for Big Finance | by Daniel G. Jennings | Oct, 2022

Quant (QNT) is a cryptocurrency and blockchain platform being built for big finance. Quant is being built for financial institutions, enterprises, partners, and developers.

Quant is building a suite of products designed to connect large financial institutions to the blockchain. In particular, they are offering several Overledger application programming interfaces (APIs) to financial institutions.

For example, the Overledger Intergate is an API that will users to create blockchain applications to run on any blockchain without specialist development staff.

Hence, banks could use the Intergate to build blockchain apps without hiring blockchain developers. In particular, you could use Intergate the blockchain into a bank’s systems or enterprise stacks.

The Overledger Tokenise is a build your own cryptocurrency kit. They claim Tokenise can create secure digital tokens without a single line of code.

In addition, the Overledger 2.2.11 connects to the Hyperledger Fabric. Hyperledger is an effort to build a global ecosystem for enterprise grade blockchain technologies.

Notably, they do not say what blockchain networks the Overledger and Intergate connect to. For instance, does the Overledger work with Binance (BNB) or Ethereum (ETH)?

Quant claims enterprise blockchain projects normally cost £500,000 ($552.867.60) to £3 million ($3.32 million) each and take 25 months to complete. Moreover, Quant claims only 1% of developers have the specialist knowledge to work with distributed ledger technologies. They also claim a distributed ledger expert’s salary can cost a company £200,000 ($221,147) a year.

The hope at Quant is that Intergrate can replace the need for expensive experts and giant projects. Quant is a British company targeting the City of London as its main business market. Sectors Quant is targeting include cryptocurrency, payments, capital markets, supply chain, trade finance, compliance, and insurance.

This could be a poor strategy with British financial institutions such as pension funds in collapse or near collapse and the United Kingdom on the brink of a financial crisis.

However, there is no evidence that any of Quant’s APIs works or even exist. Instead, I think Quant is a business plan with a cryptocurrency. It’s an impressive plan, but everything at Quant appears to exist only in theory.

Conversely, Mr. Market gives Quant some value. Quant (QNT) was CoinMarketCap’s 9th most trending cryptocurrency, with a $159.42 Coin Price on 12 October 2022. CoinMarketCap gave Quant a $1.925 billion Market Cap, a $2.30 billion Fully Diluted Market Cap, and a $92.532 million 24-Hour Market Cap on 12 October 2022.

They base those numbers on a 12.073 QNT Circulating Supply and a 14.612 million QNT Total Supply. Quant was CoinMarketCap’s 31st ranked cryptocurrency on 12 October 2022.

Similarly, CoinGecko named Quant, its 32nd ranked cryptocurrency with a $159.90 Coin Price on 12 October 2022. CoinGecko gave Quant a $2.145 billion Market Cap, an $83.339 million 24-Hour Trading Volume, and a $2.337 million Fully Diluted Valuation on 12 October 2022. They base those numbers on a Circulating Supply of 13.414 million QNT and a Total Supply of 14.612 million QNT.