Quant Tokenomics Explained | Is It a Safe Buy?

Researching tokenomics can be a daunting task and is often an area that is skipped over when researching tokens and projects such as Quant. In this article we will help you understand the Quant tokenomics and find out if they make sense or if there is something fishy going on.

Note: At the time of writing this to the best of my knowledge these tokenomics are correct, tokenomics are often subject to change with some projects.

Quant Tokenomics

Quant Logo

Quants native token QNT which is used to participate in Quants Overledger is an ERC-20 token with a max supply of 14.6 million tokens, it is not possible to mint anymore once this max supply is reached. The Quant team claimed just 6% of the circulating supply worth of tokens which is definitely on the lower end compared to other projects, this is a good sign.

QNT Use Case

When it comes to a project token one of the most important questions you should ask is why does this project need a token and what is it used for? In Quants case their native token QNT is used by users, developers and gateway operators to purchase annual licenses to use Quants Overledger network, these QNT tokens which are used are then locked in Quants treasury.

The price of the annual license/fee is a fixed price in FIAT which is converted into QNT based on the current price of the QNT token. Any developer or Enterprise that wants to use Overledger and deploy apps must hold QNT, without it you cannot connect to and use Overledger.

QNT is also used to pay the transaction fees of any transactions made on Overledger, this means that any action whether it be a read or write action on Overlegder requires the user whether it be an enterprise or a developer to spend QNT tokens to process those transactions/actions.

QNT Tokenomics via CoinGecko

How were the QNT tokens allocated/split up?

It is important to know who is holding the QNT tokens and how they were initially sold/allocated. The QNT tokens were divided up in the following way:

  • 9.9 million tokens were sold during the ICO phase to the public
  • 2.6 million tokens were claimed by the company to fund and maintain the company
  • 1.3 million tokens were given to the projects founders
  • 651,000 tokens were given to the company advisors
QNT Tokenomics Graph

This is a good split with a majority of the tokens being sold to the public during the ICO round and only a small amount given to the founders with a majority of the rest of the QNT tokens being used by the company to maintain the project.

Is Quant deflationary?

In a sense, yes. As QNT tokens are locked by users the circulating supply will continue to shrink and these locked tokens leave the circulating supply causing deflationary pressure which can often lead to an increase in price.

How many QNT tokens are left?

Currently the circulating supply is 14,544,190 with a max supply of 14,612,493 giving an estimated 68,303 QNT tokens remaining.

Does Quant have a limited supply?

Yes the QNT supply is capped at 14,612,493 with no new tokens being minted.

Are the QNT tokenomics safe?

With a majority of the tokens being sold at the ICO the QNT tokenomics are pretty good and it clearly has a strong use case. With Overledger having the potential to be one of the biggest platforms used by on-chain and off-chain enterprises to communicate with multiple blockchains the QNT token will be in constant use as transactions are made and licenses are purchased and renewed annually.

With license fees being locked in the treasury for the course of the license (12 months) the QNT circulating supply could be constantly deflating as more enterprises purchase licenses for Overledger and continually renew.

At the time of writing this I am unsure how the founders have used the 1.3 million tokens they received however even if the founders decide to sell these it is only a small percent of the supply in comparison the amount the public received during the ICO round.

Researching tokenomics can be a daunting task and is often an area that is skipped over when researching tokens and projects such as Quant. In this article we will help you understand the Quant tokenomics and find out if they make sense or if there is something fishy going on.

Note: At the time of writing this to the best of my knowledge these tokenomics are correct, tokenomics are often subject to change with some projects.

Quant Tokenomics

Quant Logo

Quants native token QNT which is used to participate in Quants Overledger is an ERC-20 token with a max supply of 14.6 million tokens, it is not possible to mint anymore once this max supply is reached. The Quant team claimed just 6% of the circulating supply worth of tokens which is definitely on the lower end compared to other projects, this is a good sign.

QNT Use Case

When it comes to a project token one of the most important questions you should ask is why does this project need a token and what is it used for? In Quants case their native token QNT is used by users, developers and gateway operators to purchase annual licenses to use Quants Overledger network, these QNT tokens which are used are then locked in Quants treasury.

The price of the annual license/fee is a fixed price in FIAT which is converted into QNT based on the current price of the QNT token. Any developer or Enterprise that wants to use Overledger and deploy apps must hold QNT, without it you cannot connect to and use Overledger.

QNT is also used to pay the transaction fees of any transactions made on Overledger, this means that any action whether it be a read or write action on Overlegder requires the user whether it be an enterprise or a developer to spend QNT tokens to process those transactions/actions.

QNT Tokenomics via CoinGecko

How were the QNT tokens allocated/split up?

It is important to know who is holding the QNT tokens and how they were initially sold/allocated. The QNT tokens were divided up in the following way:

  • 9.9 million tokens were sold during the ICO phase to the public
  • 2.6 million tokens were claimed by the company to fund and maintain the company
  • 1.3 million tokens were given to the projects founders
  • 651,000 tokens were given to the company advisors
QNT Tokenomics Graph

This is a good split with a majority of the tokens being sold to the public during the ICO round and only a small amount given to the founders with a majority of the rest of the QNT tokens being used by the company to maintain the project.

Is Quant deflationary?

In a sense, yes. As QNT tokens are locked by users the circulating supply will continue to shrink and these locked tokens leave the circulating supply causing deflationary pressure which can often lead to an increase in price.

How many QNT tokens are left?

Currently the circulating supply is 14,544,190 with a max supply of 14,612,493 giving an estimated 68,303 QNT tokens remaining.

Does Quant have a limited supply?

Yes the QNT supply is capped at 14,612,493 with no new tokens being minted.

Are the QNT tokenomics safe?

With a majority of the tokens being sold at the ICO the QNT tokenomics are pretty good and it clearly has a strong use case. With Overledger having the potential to be one of the biggest platforms used by on-chain and off-chain enterprises to communicate with multiple blockchains the QNT token will be in constant use as transactions are made and licenses are purchased and renewed annually.

With license fees being locked in the treasury for the course of the license (12 months) the QNT circulating supply could be constantly deflating as more enterprises purchase licenses for Overledger and continually renew.

At the time of writing this I am unsure how the founders have used the 1.3 million tokens they received however even if the founders decide to sell these it is only a small percent of the supply in comparison the amount the public received during the ICO round.

Related Posts

Get the latest Crypto news before anyone else sees it.

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form