Quant Network was created in June 2018 by cybersecurity expert Gilbert Verdianis. Quant is a blockchain platform looking to connect blockchains around the world. Through its open API gateway called Overledger, Quant Networks aims to facilitate the creation of decentralized applications with multi-chain compatibility, thereby creating a world where the blockchain ecosystem is united. QNT is the native token of the Quant network, used to pay fees on the platform and power the network through its proof-of-stake consensus protocol. If you are wondering how to buy Quant (QNT) in Canada, Netcoins is a publicly-owned, fully regulated crypto trading platform based in Canada. It’s a platform free to fund with e-Transfers, with free cash withdrawals, and live customer support service seven days a week. We make it simple for Canadians to buy Quant and other cryptocurrencies.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
What Is Quant (QNT)
The goal of Quant is simple, to create a world where blockchains can easily communicate with one another. To accomplish this, Quant created the Overledger API gateway, which serves as a simple solution for blockchains and enterprise platforms looking to leverage the possibilities of interoperability through a solution that does not require any additional infrastructure.
Developers around the world have begun to find use cases for blockchain technology in a vast variety of different industries. Quant, through Overledger, aims to be the link between separate blockchains that allows them to operate in cooperation with each other to explore their full potential. Quant describes Overledger as the ecosystem on which the future digital economy ecosystem will be built. Overledger’s emphasis on interoperability is based on the platform’s function that allows developers to build decentralized multi-chain applications (often known as MApps). These MApps can only be built once developers hold a certain amount of QNT tokens, which is at the forefront of the token's functionality.
What Makes Quant Unique
One of the largest problems with blockchain and distributed ledger technology is the lack of seamless interoperability. Quant solves that problem with a solution that is not only easy to incorporate, but also works without sacrificing scalability, transaction costs or speeds.
One of the largest differentiating factors of Quant’s Overledger is its low barrier of entry, which allows it to be integrated into even legacy financial infrastructure. This enables developers around the world to use Quant’s product offering without restriction. On the blockchain side of things, Overledger requires no changes to the existing base chain, making it an easy way for blockchains to leverage interoperability.
Beyond the ability to create blockchain applications that can run quickly and cost-effectively on various chains, Overleadger enables the creation of secure digital tokens, which can be created without writing a single line of code. The platform features a suite of smart contract templates allowing developers to create tokens easily. The potential use cases for these are limitless but include currencies, fractionalized equities, or even NFTs.
If you want to learn more about Blockchains, Bitcoin or Ethereum, follow our educational blog!
How Much QNT Can I Buy
You don’t need to buy a lot of QNT to get started! Our minimum purchase amount is 0.1 QNT. Enabling anyone to gain exposure no matter how many dollars they have to invest.
FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy QNT in Canada.