Pound Sterling To Quant Gbp

Further still down the homepage, we find a list of their prestigious partners, such as Oracle, Hyperledger, Nvidia, pay.uk and AWS. There is also a slideshow of recent news events to remain updated and links to the Quant whitepaper and business paper. Given the relatively small size of the group, the activity level is very impressive, as I failed to even keep up with the incoming messages as I scrolled through to discover more about the project. The discussion is truly 24/7, with the community clearly committed to the project and excited about its future. As the project was only launched a little over a year ago, and the token was first listed on exchanges in August 2018, there is only around 9 months of price-history available for QNT. Whilst I shall dive into the details of these 9 months a little later, for now it will suffice to say that QNT formed its all-time high of 160k satoshis in February 2019, which coincided with its all-time high against the Dollar of around $5.90. Quant Network was incorporated in October 2017 in Switzerland, acting as the company overseeing the development of a technology named Overledger.

Meme coin Dogecoin recovered to close on 22c but is 10% down in a week while Cardano is at $1.35, 2c up on Friday but 4% down on last Monday morning. BTC, the world’s most valuable cryptocurrency, is around $34,200 – where it was a week ago, and a $1,200 improvement on Friday.

Quant Network is seeking to utilise its Overledger technology to facilitate seamless communications between different DLTs, functioning as the world’s first blockchain operating system. I think it’s important to begin by mentioning that Quant Network was not actually scheduled to have a report written, as it placed 3rd in the Q2 community poll, behind XDAG and Ryo. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. This website uses cookies to improve your experience while you navigate through the website.

Whilst marginally better than its buy-side counterpart, this still places Quant Network 6th-highest for Circulating Supply Available on Exchanges, indicating that there is not an overwhelming desire to hold QNT at present. Now, I’d like to work through the remaining General metrics, before taking a look at Quant Network’s (non-existent) Supply Emission and concluding this section with some Distribution analysis. Now, I’d like to mention, in case anyone missed the footnote in the relevant section above, that QNT’s on-chain transactional value has been skewed significantly by anomalous activity on the 8th June.

Definition Of The Day

It describes Overledger as the “blockchain Operating System of the future. It empowers applications to function across multiple blockchains.” The key takeaway here is that they are seeking to solve communications problems between networks by facilitating seamless cross-chain interaction. The three use-cases emphasises are multi-chain applications, unlimited access to vendors and cross-chain data transfers, with the ultimate vision being trustless communication.

Thus, ~14.5mn QNT are in existence, with 4.5mn owned by the Quant Network team. For valuations of the top 250 coins by market cap , their market cap plus 24-hour price change and volume traded, see below. The top performer over the past 24-hours has been THORChain, a decentralized liquidity protocol that facilitates the exchange of cryptocurrencies across multiple networks while allowing the token holder to retain full custody of their assets. By clicking “OK” or continuing to use this site, you agree that we may collect and use your personal data and set cookies to improve your experience and customise advertising. To see how, and to learn how to control cookies, please read our Privacy Policy andCookie Policy.

Further, its Average Daily Volume for the past 30 days was $2.7mn, equating to 11.3% of its Average Network Value for the same period. These are impressive figures and indicative of strong speculative interest; however, around half of the volume is likely a symptom of wash-trading on less reliable exchanges like FatBTC and Hotbit. Nonetheless, even with this wash volume accounted for, the figures are strong and the market is clearly interested in Quant. According to EtherScan, QNT experienced an average of 347 transactions per day for the past 7 days, amounting to Average Daily On-Chain Transactional Value of $4.163mn. So huge, in fact, that it gives QNT a 7-day NVT ratio of 8.44; indicative of serious undervaluation, even relative to Bitcoin, which currently has a NVT ratio of about 18.

Binance Coin And Bitcoin Boosted Over Weekend

Overledger was conceptualised in March 2017 as a blockchain operating system, facilitating communication between multiple blockchains. The overall market cap of the approximate 10,800 coins is at $1.42 trillion, a 2% rise in 24 hours. MoneySense MoneySense is an financial education programme from NatWest designed to help young people towards a better financial future. According to data from Cointelegraph Markets Pro, market conditions for QNT have been favorable for some time. The views expressed on this blog are based on personal opinion and experience, and should not be considered as professional financial investment advice.

Below are listed a number of important metrics, all of which are accurate as of 10th June 2019. For anyone reading this who has yet to read a Coin Report, it might be worth reading this section of the first report, where any potentially unfamiliar terms are explained.

There are also numerous press releases regarding the partnership posted to the Telegram. The pinned message contains all relevant resources for new users, with links to exchanges and the latest news, as well as social links and token information. It also mentions that the Quant Network team join the group once fortnightly to answer community questions. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity. Quant Network traded ~$4m of Exchange Volume over the past 24 hours, equating to 11.38% of its Network Value; a monumental figure.

Further, Etherscan does not account for the change in supply to QNT’s current total supply of 14.6mn. Looking at the Quant Network rich-list, I found that the top 10 addresses control 36.49% of the original maximum supply of ~45.7mn QNT; the top 20 control 39.85%; and the top 100 control 45.94%. With regards to QNT’s supply emission, in short, there is none, as tends to be the case with ICO’d ERC-20 tokens. Thus, annual inflation is a wonderful 0%; great for the speculator.

The project itself launched with an ICO in Q1 2018, during which QNT – an ERC-20 token – was created. This ICO raised $11m and 9.7mn QNT of an available 31mn QNT were distributed to retail and institutional investors. Originally, the QNT token was set to have a maximum supply of 45.467mn QNT, but around 30mn QNT have been burned, comprising of unsold tokens from the ICO and a partial burning of founders’ funds amounting to 9.5mn QNT in September 2018.

In Q3 2018, the Quant SaaS product was set to be released, with some patents filed. In Q1 2019, there is a mention of the Quant App Store, plus the Open Source SDK, but little else is mentioned. Finally, in Q3 2019, there is a mention of the Quant Enterprise Mapps (multi-chain applications) and Treaty Contracts.

Market Outlook #120

Federal Reserve Chair Jerome Powell suggest that loose monetary policies willremain in place for the foreseeable future. Meet this years 100 most influential people in crypto – An eclectic mix of hackers, academics, engineers, and journalists – all of whom are intensely focused on driving the cryptocurrency movement forward. If you are the site owner , please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details , so we can assist you in troubleshooting the issue. This website is purely for informational and entertainment purposes and is not financial advice. Seek a duly licensed financial advisor prior to making any investment decisions. If you’ve enjoyed this post and want to receive new posts straight to your inbox, I’ve set up a RSS-to-Email feed that will be sent out weekly; every Monday, 12pm.

This is, as I mentioned, skewed by the unusually high transactional volume on the 8th June. If I discount that day of data, the Average Daily On-Chain Transactional Value amounts to a still-impressive $1.037mn, which would give QNT a NVT ratio of about 35. Clearly, there is a great deal of non-speculative interest in the project, at present. However, having done preliminary research on XDAG for its report, I found there to be numerous gaps that would have necessitated a very low rating, despite potential fundamental soundness. In short , the project lacked any degree of liquidity or trade volume and was not listed on any recognised exchanges.

What I do like is that there is a native blog that is regularly updated with all manner of relevant information regarding the project. It would be helpful as a potential new user or investor to have this information readily accessible. In fact, there is almost too much for an individual to grasp without considerable hours spent researching; not a bad problem to have as a pioneering project, of course. As usual, I will be using RivalIQ‘s social benchmark report for evaluation purposes. The top 10 control 49.29% of the current total supply of 14.6mn QNT; the top 20 control 58.96%; and the top 100 control 77.49%. Looking at the sell-side, I calculated there to be 202,086 QNT available for purchase on the orderbooks, equating to 2.07% of the circulating supply.

” Unfortunately, it doesn’t contain any basic information regarding the QNT token itself or the team, with no sign of any FAQ for potential new users. The Quant Network BitcoinTalk thread was created on March 26th, 2018, and has since generated 322 posts spanning 17 pages in 441 days. However, in the past 90 days, the thread has had 15 posts via 7 individual posters, giving an average of 0.17 posts per day; a significant decline on an already low level of engagement. With regards to the activity of these large holders, 10 of the top 20 were inactive in the past 90 days, and the 4th and 8th-richest addresses belong to IDEX and Bittrex, respectively. The 2nd-richest added 2.6mn QNT in the past 3 days; the 3rd-richest added 1mn in the past 3 days; the 9th-richest added 4.5k; the 11th-richest added 70k; the 12th-richest distributed 1k; the 13th-richest distributed 2.5k; and the 14th-richest added 40k. Overall, there is clearly buying taking place amongst the larger holders. Now, whilst it may seem rather concentrated within the top 10 and yet strangely decentralised amongst the top 100, the reason for this is simply that the #1 richest address is the burn address of the Quant Network team, equating to 9.5mn QNT.

  • Nonetheless, even with this wash volume accounted for, the figures are strong and the market is clearly interested in Quant.
  • Nonetheless, it seems clear that a new cycle has begun, and that we are currently seeing the disbelief phase play out.
  • By clicking “OK” or continuing to use this site, you agree that we may collect and use your personal data and set cookies to improve your experience and customise advertising.
  • Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.

That said, those seeking to enter a position can do so here, with a stop-loss on a daily close below 36k satoshis (~20-25% of risk). More risk-averse speculators can enter with a stop at the 23k support level, though this presents 50% of downside risk. Over the past week or so of discussion, I found that Quant Network has recently partnered with SIA to deliver interoperability to banks and financial institutions by integrating Overledger into their private infrastructure network connecting 570 banks. This is huge news for the legitimacy and longevity of the project and its technology. It is also huge for the value of the QNT token, as use of Overledger technology necessitates the purchase of QNT.

For our live charts & news, we’re using the awesome APIs from CryptoComapreandCryptopanic. Tokenomics is one of the meatier sections of the document, with details provided of the proposed token sale that took place in Q1 2018, as detailed earlier in this report. Here, readers can find the initial allocation figures, though these are outdated following the supply burn of September 2018. Most significantly, the problem being solved is emphasised, and that is the inability for blockchains to communicate with one another. The announcement asks the question, “Why can’t a smart contract executed on Ethereum be recognised by the Hyperledger blockchain?

Coin Report #37: Ocean Protocol

The second-largest gainer in the past 24-hours was Quant , a project focused on interoperability between different blockchain networks. RUNE price has been hammered in recent weeks after a series of protocol exploits resulted in $7.6 million worth of funds being drained from the platform, but it appears as if the fallout from that has now subsided. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for RUNE on July 24, prior to the recent price rise. Bitcoin bulls are locked in a battle with bears in order to take control of the $40,000 level and dovish comments from U.S.

Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. But opting out of some of these cookies may affect your browsing experience. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Telcoin and Synthetix were the big winners in the last 24 hours, rising 23% and 22% respectively.

For any terms or metrics specific to this post, I will provide explanations besides the figures. Thus, the report will now be written on Quant Network; a project that has a great deal of support on Twitter but one that I, until completing my research, had little clue about. To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here. Ether enjoyed a slight increase to just short of $2,150, which puts it down 5% in a week, while Ripple’s XRP coin is at 65 cents after surging 4% in the last 24 hours – putting it 3c higher than Friday but 4% lower than its position a week ago. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for PERP on July 25, prior to the recent price rise. Perpetual Protocol, a decentralized perpetual contracts protocol that includes an on-chain DEX and up to10x leverage, also broke out today.

It is provided in text form within the Business Paper, with a historical timeline of events since the project’s inception, along with an indication as to the future vision of the project. From a user perspective, this could be made more accessible and more informative by simply having the roadmap native to the website and providing some sort of progression measure, as well as links to further information.