The substantial appreciation in QNT’s value was not long-lasting and by December 2021, QNT had experienced a drastic depreciation of more than 50%. Had those same investors sold their holdings at the peak of the market, they would have become millionaires. In September 2021, QNT achieved an all-time high of $393.54, resulting in an astonishing return of more than one million percent for investors that had purchased the coin at launch. Shortly thereafter, traders began to invest and the coin’s value rapidly increased, reaching $2.05 within the first week of 2019 and then surpassing $3 by 2020. Gilbert Verdian founded Quant (QNT) in 2018 at a price of $0.27 per coin. Related: Avalanche Price Analysis: AVAX Targets $17 Resistance Smart Contract – The built-in smart contract functionality in Quant can be used for a variety of use cases, such as creating decentralized exchanges, automating processes, and creating decentralized autonomous organizations (DAOs).Voting – Creating transparent and secure voting systems, therefore ensuring that the results of the voting process are tamper-proof.Identity Management – Quant blockchain can help create secure and decentralized identity management systems, allowing individuals to control their own personal information.
Supply Chain Management – Quant can help track the movement of goods and materials through the supply chain, providing transparency and reducing the risk of fraud.Data storage – Quant’s Proof of Capacity consensus algorithm helps secure and optimize decentralized data storage, hence protecting against data breaches and loss.Tokenization – Quant allows for the issuance and trading of tokens, which business developers implement to represent a variety of assets, such as real estate, art, or even virtual items in a game.Decentralized Applications (dApps) – The platform provides a secure and decentralized infrastructure for developing and deploying dApps across a range of industries, such as finance, gaming, and healthcare.Meanwhile, below are possible real-life applications of the Quant blockchain: The platform is still in its early stages, and many other use cases are also being explored. The Quant blockchain has a wide range of potential use cases, including decentralized finance, supply chain management, gaming, digital identity, real estate, e-voting, and automated processes. QNT is the native token of the Quant blockchain, which secures the network, helps pay for transaction fees and unlocks access to certain features on the platform. Quant also includes built-in smart contract functionality and support for token issuance and trading. It uses a unique consensus algorithm called “Proof of Capacity” which utilizes spare storage space on participating nodes to secure the network, making it more energy-efficient than other algorithms such as Proof of Work. Quant is a blockchain platform that aims to provide a decentralized and secure infrastructure for the development and deployment of decentralized applications ( dApps).
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