Few projects survive the harsh conditions of a true crypto winter bear market.
But one project seems to not only be surviving but thriving amidst these harsh conditions.
Its name is Quant.
And it is up 70% in one month.
It's been managing to melt faces even during a crypto winter.
But the question is, why?
Is it legit?
Or is it just a flash in the pan?
We're going to tell you today.
Let's get it!
Welcome to BitBoy Crypto!
My name is Ben.
Today, we're going to be discussing your favorite project Quant.
We know it's definitely one of ours.
It has consistently been in the green.
But let's find out what this project is exactly.
Like my ancestors,
Quant was founded and developed in the UK.
This project actually started back in 2018,
the last time we're in the midst of a bear winter.
So this might be confusing for some people, but Quant actually isn't a blockchain.
It's more of a software.
It's dubbed itself the first operating system for blockchain tech.
It has four layers---
transaction layer,
a message layer,
a filtering and ordering layer,
and, of course, the application layer.
Now, Quant can be used for anything that needs interoperability,
such as tokenization of real world assets,
stablecoins, financial messaging and public access to CBDCs.
Now, the QNT token specifically, here's what it does.
It pays for the Overledger license, other fees and, of course, transaction costs.
Now, of course, if you do want to stack the QNT token,
make sure you're doing it safely and not on a third party exchange.
If you guys want to stack it on a Ledger, you guys can go down below in the description.
We've got a link for you guys so you can have your crypto stored safely in cold storage.
So let's look at the progress Quant made at Sibos.
They talked about how blockchain technology can improve mainstream finance
and how to bridge cryptocurrencies with CBDCs.
So, what is Sibos?
It's a financial services event organized by SWIFT.
It was in Amsterdam from October 10-13 this year,
with 9,300 participants.
This year, they focused on how digital services can impact the financial sector
and all the challenges that it presents.
We're going through a true digital transformation.
That's what they were there to talk about.
Now, while at Sibos, Quant published something pretty cool.
It was a guide called "Digital assets- Ready for center stage."
It aims to work with financial institutions,
governments, multinational companies and fintech developers.
They want to create better regulation.
They want to figure out how to use distributed ledger technology, or DLT,
in mainstream financial operations.
And they want to develop crypto-friendly CBDCs.
So one thing that Quant believes and I also believe is essential to this digital transformation.
One thing that's key to the digital asset system is, of course, interoperability.
Right now, digital assets and financial products are being developed in walled gardens.
They're siloed away from everything else.
By using Quant,
this makes blockchains interoperable with one another,
and applications from one chain can sync up with applications on another.
These might include things like health care and, of course, finance.
So right now, even though a lot of people think
interoperability is one of the big problems with blockchain,
right now, technically, it's already feasible.
Now, one reason people love Quant
is because it's part of the exciting listing of coins that are potentially ISO 20022-compliant.
Let's see what that means.
This is going to modernize interbank payments on the SWIFT system through financial messaging.
There's going to be faster speeds, new capabilities, fraud detection and prevention with ISO 20022.
The way that Quant bridges digital assets and financial infrastructure,
well, this could lead to a crazy amount of crypto adoption very soon.
The ISO standard is going to bring digital assets to the main stage.
Assets, securities and financial messaging represented on blockchain.
Blockchain is faster and more secure.
However, the lack of interoperability means it's not ready.
Quant fixes this.
Then you have the tokenization of physical and financial assets.
It's a large untapped market and could reach $16 trillion by 2030 alone.
Now, Bloomberg recently had a lot of things to say on metaverse.
They believe it's going to become an $80 billion industry just by next year.
And Quant believes it's the key to make that happen.
There are walled ecosystems and metaverses everywhere.
When people think about the metaverse, they think of one go-to place.
But that may not actually be what it ends up looking like.
A decentralized metaverse or a decentralized Web3 platform,
well, it's only truly decentralized if it's interoperable.
This interoperability allows you to move goods and money between ecosystems.
Also, it can be done with Quant.
Quant's Overledger tokenized API creates digital assets designed for interoperability.
A Quant suite is going to create institutional grade tokens
without having to write, yes, even one single line of code.
So let's check out where Quant is right now price-wise.
Of course, none of this is financial advice.
Right now, the price is about $180, up over $100 from where it was a month ago.
It has a 14 million max supply.
That's right. Smaller than even that of Bitcoin.
But it wasn't always the case.
At one point, the original supply was 45.5 million tokens.
The remaining supply was burned in September of 2018,
leaving only 14 million.
Guys, Quant is here to stay.
It's got the right team and the right tech.
It's not only going to be a good performer here in the bear market,
but wait to see what it's going to do in the bull run.
That's why we are big believers in any coin that is ISO 20022-compliant.
Nothing fits the bill better than QNT.
That's all I got.
Be blessed.
BitBoy out.