What are the issue price and issue volume of Quant coin

Quant Coin debuted with an issue price of $0.15 per QNT in a June 2018 private sale, with 14.6 million tokens sold.

Nov 13, 2024 at 07:50 pm

What Are the Issue Price and Issue Volume of Quant Coin?

Understanding the Fundamentals of Quant Coin

1. Overview of Quant Coin:

   Quant Coin (QNT) is a utility token that powers the Quant Network, a blockchain interoperability solution designed to facilitate seamless communication and value transfer across different distributed ledger technologies (DLTs). QNT serves as the network's fuel, enabling users to access various platform services, including the creation and execution of smart contracts across multiple blockchains.

2. Issue Price and Issue Volume:

   Quant Coin was initially issued through a private sale in June 2018 at an issue price of $0.15 per QNT. A total of 14.6 million QNT tokens were issued in this sale, raising approximately $2.2 million.

   Subsequent to the private sale, Quant Coin was listed on public cryptocurrency exchanges in September 2018. The initial listing price on exchanges was significantly higher than the issue price, reflecting strong market demand and anticipation for the project.

3. Token Distribution:

   The total supply of Quant Coin is capped at 146,124,530 QNT. The token distribution is meticulously designed to ensure a balanced allocation among various stakeholders, including:

   • Private Sale (10%): 14.6 million QNT tokens were sold during the private sale, providing early investors with the opportunity to acquire the tokens before the public launch.
   • Team and Advisors (15%): 21.9 million QNT tokens were allocated to the project's core team, advisors, and early contributors, recognizing their invaluable contributions to the development and growth of the Quant Network.
   • Treasury (20%): 29.2 million QNT tokens are held in the treasury, serving as a strategic reserve to support the long-term growth and sustainability of the Quant ecosystem.
   • Public Sale (20%): 29.2 million QNT tokens were offered through a public sale, allowing individuals worldwide to participate in the project and acquire the tokens.
   • Ecosystem and Reserve (35%): 51.2 million QNT tokens are allocated to the ecosystem and reserve, providing flexibility for future development and potential partnerships.

4. Use Cases and Value Proposition:

   Quant Coin plays a pivotal role in the operation and value proposition of the Quant Network:

   • Network Fees: QNT tokens are used to pay for transaction fees on the Quant Network, similar to gas fees on other blockchains. This incentivizes network participation and ensures the efficient allocation of resources.
   • Smart Contract Interoperability: QNT tokens enable the creation and execution of smart contracts that can seamlessly interact with multiple DLTs. This allows developers to build decentralized applications that leverage the strengths of different blockchain platforms.
   • Governance Participation: Holders of QNT tokens are eligible to participate in the governance of the Quant Network through the Quant Governance Council. By staking their tokens, they can influence decision-making and shape the future direction of the project.

5. Market Performance and Future Outlook:

   Since its launch, Quant Coin has experienced significant price fluctuations, reflecting market conditions and the evolving landscape of the blockchain industry. Its value has been influenced by factors such as the adoption of the Quant Network, platform developments, and overall market sentiment.

   Despite market volatility, the long-term prospects for Quant Coin appear promising. The increasing demand for interoperability solutions and the growing adoption of the Quant Network bode well for the token's future value. Additionally, the limited supply of QNT tokens and its use as a network utility add to its scarcity and potential for appreciation.