How to Buy Quant (QNT) in Australia

Quant (QNT) is a project focused on blockchain interoperability: the ability for different blockchains and existing IT systems to talk to one another. Its main product is Overledger, an API-based gateway that lets developers build applications spanning several blockchains at once, without each network having to change how it works. Quant describes Overledger as an operating system for blockchains, sitting above them as a connecting layer.

The QNT token is an ERC-20 token on the Ethereum network, which means it settles under Ethereum's proof-of-stake consensus rather than on a chain of Quant's own. QNT works as a licence and access token: developers and enterprises need it to use Overledger's services. On Digital Surge, QNT is categorised as a Real World Assets coin and is tradeable and swaps-enabled.

• Token type: an ERC-20 token on Ethereum (QNT is a token, not its own chain).
• Product: Overledger, a gateway connecting different blockchains and systems.
• Purpose: interoperability, so multi-chain applications can run through one interface.
• Token role: QNT is required to access and pay for Overledger services.
• Founded: by Quant Network in 2018, led by Gilbert Verdian.

Who created Quant?

Quant was built by Quant Network, a company founded in 2018 by Gilbert Verdian, its chief executive, along with co-founders Colin Paterson and Paolo Tasca. Verdian has a background in standards and security, and set up the international blockchain-standards committee at the ISO in 2015. The QNT token was first sold in Quant Network's 2018 token sale, and the company has since worked with established technology and finance names, including partnerships with SIA and Oracle to connect existing systems to blockchain networks.

How does Overledger work?

Overledger is interoperability software rather than a blockchain in its own right. It acts as a gateway that sits on top of existing networks, letting an application read from and write to several blockchains through a single interface, without altering the underlying chains. This lets developers build multi-chain applications, sometimes called mApps, that are not tied to one network. Because QNT itself is an ERC-20 token, it stays on Ethereum for trading, deposits and withdrawals, while Overledger handles the connections between chains.

What is QNT used for?

QNT is the access token for the Overledger ecosystem. Developers and organisations that want to use Overledger need QNT to pay for and unlock its services, which ties demand for the token to how much the platform is used. Quant has aimed its technology at enterprises and public institutions: in 2023 it was named a technology vendor for Project Rosalind, a retail central bank digital currency pilot run by the Bank of England and the Bank for International Settlements Innovation Hub. This is general information only, not advice.

Can you stake QNT?

QNT is not a staking coin in the usual sense, and staking is not offered for QNT on Digital Surge. Its role is to provide access to Overledger rather than to secure a network through staking, and because it is an ERC-20 token, the Ethereum network it lives on is secured by Ethereum's own validators. On Digital Surge, QNT is tradeable and swaps-enabled, but not available for staking.

Things to consider before buying Quant

Cryptocurrency is volatile, and the AUD value of QNT can rise or fall sharply over short periods, so the value of what you hold may change quickly. The token's usefulness is tied closely to adoption of Overledger, which can be uncertain, and digital assets are not covered by government guarantees the way bank deposits are. This is general information only and not a recommendation. Consider your own circumstances, do your own research, and speak to a qualified professional about tax before buying.

Why Buy Quant?

Many Australians hold Quant because it targets a real problem, connecting separate blockchains and existing systems, its Overledger technology has been trialled in enterprise and public-sector settings, and QNT is the token that unlocks those services. Digital Surge lets you buy QNT with AUD via PayID or bank transfer, with Australian-based support. This is general information only and not a recommendation; consider your own circumstances before buying any cryptocurrency.

Buying Quant in Australia: the quick recap

To buy Quant in Australia on Digital Surge: create a free account, verify your ID, deposit AUD via PayID or bank transfer, then buy Quant. The whole process takes about five minutes, and your Quant is held safely in your Digital Surge wallet.

Learn more about Quant

On Digital Surge you can see the live Quant price and QNT to AUD converter, see other coins in the Real World Assets category, or read what cryptocurrency is before you buy Quant in Australia.