Τι είναι το Axie Infinity (AXS);

Το Axie Infinity είναι ένα video game βασισμένο στο blockchain που επιτρέπει στους παίκτες να αναθρέφουν, να εκπαιδεύουν, να μάχονται και να ανταλλάσσουν φανταστικά πλάσματα που ονομάζονται Axies. Εμπνευσμένο από δημοφιλή franchise όπως το Pokémon και το Tamagotchi, το παιχνίδι φέρνει NFTs (μη ανταλλάξιμα tokens) στον κόσμο του gaming.

Στην Tap υποστηρίζουμε πλέον και το AXS token, χάρη στον υψηλό όγκο συναλλαγών του, το φιλόδοξο project που το συνοδεύει και τη δυναμική κοινότητά του. Το Axie Infinity έχει εξελιχθεί σε σημείο αναφοράς για τον χώρο των play-to-earn παιχνιδιών.

Ποιοι δημιούργησαν το Axie Infinity;

Το παιχνίδι ιδρύθηκε το 2018 από τον Trung Nguyen και τον Aleksander Larsen, υπό την ομπρέλα του στούντιο Sky Mavis με έδρα το Βιετνάμ. Σημαντικό ρόλο στην τεχνική υποδομή του project έχει ο Viet Anh Ho, CTO της εταιρείας.

Το project έχει προσελκύσει μεγάλους επενδυτές όπως ο Mark Cuban και έχει αντλήσει εκατομμύρια σε γύρους χρηματοδότησης – με την τελική φάση στο Binance Launchpad να συγκεντρώνει σχεδόν 3 εκατομμύρια δολάρια.

Πώς λειτουργεί το Axie Infinity;

Στο Axie Infinity, κάθε Axie είναι μοναδικό NFT με χαρακτηριστικά που επηρεάζουν τις επιδόσεις του στο παιχνίδι. Τα Axies χωρίζονται σε κατηγορίες όπως Aquatic, Beast, Bird, Plant, Bug και Reptile, ενώ υπάρχουν και “μυστικές” κατηγορίες όπως Mech και Dusk. Κάθε Axie έχει 6 μέρη σώματος και διαφορετικά στατιστικά: Υγεία, Ηθικό, Ικανότητα και Ταχύτητα.

Οι παίκτες μπορούν:

• Να συμμετέχουν σε μάχες (Arena Mode, Adventure Mode, αποστολές).
• Να αποκτούν SLP tokens ως ανταμοιβή.
• Να εκτρέφουν Axies, με περιορισμό έως 7 φορές ανά Axie. Το breeding απαιτεί AXS και SLP.

Επιπλέον, υπάρχει και το Axie Marketplace, όπου οι παίκτες αγοράζουν και πωλούν Axies, καθώς και τα Lunacias, τα εικονικά «οικόπεδα» στο σύμπαν του παιχνιδιού.

Τι είναι το Axie Infinity Shards (AXS);

Το AXS είναι το βασικό token του παιχνιδιού. Χρησιμοποιείται:

• Ως μέσο πληρωμών μέσα στο παιχνίδι.
• Ως token διακυβέρνησης, επιτρέποντας στους κατόχους να συμμετέχουν στις αποφάσεις της κοινότητας.
• Ως εργαλείο staking (στο άμεσο μέλλον).

Παράλληλα, το SLP χρησιμοποιείται αποκλειστικά για το breeding και έχει αποκτήσει αξία τόσο εντός όσο και εκτός του παιχνιδιού.

Μπορώ να κερδίσω χρήματα παίζοντας Axie Infinity;

Το Axie Infinity είναι από τα πρώτα παιχνίδια που άνοιξαν τον δρόμο για το λεγόμενο play-to-earn μοντέλο. Οι παίκτες μπορούν να αποκτούν έσοδα με τρεις βασικούς τρόπους:

1. Πώληση SLP

Κερδίζεις SLP συμμετέχοντας σε μάχες, αποστολές και καθημερινές δραστηριότητες. Τα SLP μπορούν να πωληθούν σε αγορές NFT ή να ανταλλαχθούν σε crypto exchanges.

2. Breeding σπάνιων Axies

Η εκτροφή Axies με μοναδικά χαρακτηριστικά μπορεί να αποδειχθεί ιδιαίτερα προσοδοφόρα. Ένα Axie μπορεί να πωληθεί από 200 έως… δεκάδες χιλιάδες δολάρια. Ένα από τα πιο σπάνια Axies πουλήθηκε έναντι $120.000.

3. AXS staking (σύντομα διαθέσιμο)

Το staking θα επιτρέπει στους χρήστες να κερδίζουν ανταμοιβές διατηρώντας AXS σε συμβόλαια staking.

Πώς να αγοράσω AXS;

Μπορείς να αγοράσεις AXS εύκολα μέσω της εφαρμογής Tap. Δημιούργησε έναν λογαριασμό, ολοκλήρωσε τη γρήγορη επαλήθευση και αγόρασε AXS με κάρτα ή μέσω ανταλλαγής άλλων κρυπτονομισμάτων.

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A platform every sports fan needs to know about, Chiliz is the number one place to go for sports-related fan tokens. CHZ is the token behind the platform, and the platform is the gateway for fans to tap into unique experiences with their favorite sports team. 

What Is The Chiliz Network?

Chiliz is the company that owns Socios.com, CHZ is the token that fuels the platform. Through the Socios NFT marketplace, traders can buy their favorite fan tokens, using CHZ to facilitate all transactions. 

Built on Ethereum, Chiliz provides users with an opportunity to buy branded NFT tokens using the ERC-20 and BEP-20 CHZ tokens. Fans can also earn NFTs through contests or exchange them for team-specific merchandise and benefits. Some fan tokens reward fans with access to meet the players and vote on club decisions. The platform currently supports over 50 different sports and entertainment-specific fan tokens.

Leveraging blockchain technology, Socios directly engages fans with the team/entertainer, a step up from just watching games or buying team merchandise. Chiliz allows each team that partners with them to design unique experiences for their Fan Token holders. These Fans Tokens also give the holder sway over decisions usually left up to the team, like what songs play when a goal is scored, new uniform designs, and even which players start in some games.

Additionally, Chiliz helps sports franchises make money from fans in new ways, while providing unique experiences to their most loyal supporters.

Who Created The Chiliz Network?

Chiliz was founded in 2012 by Alexander Dreyfus, its acting CEO. The company falls under the Mediarex Group, an international sports and entertainment organization, and holds esteemed partners including Sam Li, former Vice President of the NBA, Nicolas Maurer, CEO of esports team Vitality, and Dr. DisRespect, one of the world’s largest video game streamers.

In 2018, the blockchain-based Socios platform was launched, alongside the CHZ token. Following funding of $66 million by Private Placement in 2019, the platform launched its website and app. Today, the company also has offices in France, Turkey, Spain, South Korea, and Brazil.

How Does The Chiliz Network Work?

The CHZ token can be used on both the Ethereum blockchain as an ERC20 token and on the Binance Smart Chain as a BEP2 token. Fans looking to engage on the platform can buy CHZ tokens from Chiliz.net, the platform's own exchange, or from other cryptocurrency platforms like Tap.

Users can then purchase Fan Tokens using CHZ from the Socios marketplace. The platform supports a wide range of sporting teams, from Formula 1 teams to FC Barcelona to Golden State Warriors basketball team. Each team that partners with the platform can dictate the fan tokens prices, distribution and supply as well as unique opportunities they wish to give to fans. Based on the token's performance, they can be burned in order to make a winning team's tokens more valuable. 

As an example of the privileges offered with fan tokens: for eight years, the Juventus soccer club played Chelsea Dagger in the stadium whenever the team scored a goal. Recently, however, fan token holders chose Blur's Song 2 as the new victory song, and Juventus made the switch. The more fan tokens one holds, the bigger their vote.

The blockchain network is built on Ethereum and uses a Socios sidechain to create and verify all fan tokens. This process utilizes the Proof of Authority (PoA) consensus mechanism which relies on a small group of authorized verifiers. This consensus model leans towards business structures looking to be scalable and efficient.

Chiliz is also partnered with the decentralized oracle network Chainlink, through which it creates unique non-fungible tokens (NFTs). These NFTs are used to celebrate special events such as championships or player milestones.

What Is CHZ?

CHZ is compatible with both the Ethereum and Binance Smart Chain platforms. The token is used as a medium of exchange on the Socios platform, allowing fans to buy Fan Tokens. 

There is a maximum supply of 8,888,888,888 CHZ in existence, and at the time of writing roughly 70% are in circulation. 

Where Can I Get CHZ?

Users can simply buy /sell CHZ through the Tap app, one of the most secure solutions in the crypto space. Using a range of cryptocurrencies and fiat currencies on offer, users can exchange any of the supported currencies to build a healthy portfolio that can be safely stored in the unique wallet linked to the account. Find links to download the app from the Tap website.

One of the first stablecoins to come into existence, Dai was launched in 2017 and is maintained and regulated by MakerDAO. Using a series of smart contracts, Dai maintains a value of $1, or very close to it. Due to the coin’s soft peg to the US dollar, the Dai stablecoin not only provides a stable long-term store of value but also a strong medium of exchange. 

Let’s explore what Dai is and how it contributes to the crypto ecosystem. 

What Are Dai tokens?

Dai is an ERC-20-based stablecoin pegged to the US dollar. While more stablecoins hold the fiat currency to which they are pegged in reserves, the Dai stablecoin instead uses several cryptocurrencies to ensure it holds its peg. 

Supported cryptocurrencies include Ethereum (ETH), (BAT), USD Coin (USDC), Wrapped Bitcoin (wBTC), Compound (COMP), and many more. With a wide range of collateralized cryptocurrencies, user risk is decreased and Dai's price stability is increased.

Dai is issued and operated by the Maker Protocol and the MakerDAO (decentralized autonomous organization). Designed to provide a means of lending and borrowing crypto assets, the Dai stablecoin was at the forefront of the DeFi revolution. 

Holders of Dai can also earn interest. The platform also has another coin, MKR, which allows holders to set the Dai Savings Rate (DSR) and act as guarantors for Dai. This ensures that MKR tokens can be liquidated if the system fails. This structure motivates guarantors to ensure that the Dai system and its collateralized coins operate properly.

How do you generate Dai?

Users can generate Dai by paying collateral assets. Dai is created when users deposit ETH or any supported cryptocurrency as collateral. The equivalent amount of Dai is then issued and the user will receive Dai tokens.

If the Dai holders want the collateral assets back, the borrowed Dai can be paid back (plus a stability fee) and the collateral assets will be released. This Dai is then removed from circulation.

History of the Dai Stablecoin

The MakerDAO was first launched in 2015 by Rune Christensen and is the longest-running protocol on the Ethereum blockchain to date. It holds more than 2.3 million ETH in its protocol, approximately 2% of Ethereum’s total supply.

When first created, only Ether could be used as collateral, however, in 2019 more cryptocurrencies were added to this list. The Dai price has always been soft pegged to the US dollar.

How Does DAI Work?

The Dai cryptocurrency is an ERC-20 token that can be bought on both centralized and decentralized exchanges (DEXs). Users can also generate and borrow Dai by using MakerDAO's Oasis Borrow dashboard to establish a Maker collateral vault and put Ethereum-based assets in as collateral.

In its original use, the Maker protocol stored collateral in smart contracts known as maker collateral vaults. These smart contracts held collateral in escrow until the borrowed Dai was repaid, also known as collateralized debt positions (CDPs). The value of the security you send always exceeds the amount of DAI you receive otherwise the collateral will be liquidated. 

The Dai platform is one of the most integrated digital assets in the blockchain industry and can be utilized across decentralized finance (DeFi) applications and blockchain-based games, among other places.

The Advantages of DAI

No Minimum Amount Required

There is no minimum account balance required to use DAI, as there is with most other types of money. A lot of people around the world do not have the minimal amount of assets needed in order to qualify for a bank account, but there is no minimum balance requirement for utilizing DAI.

Price Stability

DAI can serve as a safe alternative store of money and access to financial inclusion for people who live in places where the economy is unstable.

Decentralized Financial Inclusion (smart contracts)

As DAI is a transparent and permissionless system, it allows users to have greater freedom over their money. Zimbabwe and Myanmar, for example, have been recognized as countries where people are limited in their ability to access fiat currency due to daily or monthly withdrawal restrictions on bank accounts imposed by the government.

Passive Income

Users can use DAI tokens to earn money through lockup and interest generation through the DAI Savings Rate system. Because DAI is based on the Ethereum blockchain, it doesn't have its own staking mechanism.

Owners of DAI tokens, on the other hand, may profit by putting DAI into a MakerDAO smart contract. This unique smart contract system protects the user's money and allows for immediate withdrawal.

Quick And Cost-Effective Transactions

In many cases, international wire transfer fees can be extremely high, and the time it takes to complete a transaction might be inconvenient. Global transactions between two users' wallets are made more transparent and efficient due to DAI's low transfer fees and quick processing times.

Operates 24/7

Traditional financial institutions operate only during "business" hours. As a result, transactions through such organizations may be delayed for days and will only finalize after banking institutions are open and transfers have been completed. Transactions can now be completed at any time of the year and on any day of the week using DAI and the Ethereum blockchain.

Continuously Vetted

The MakerDAO system has been found to conduct thorough checks and studies in order to guarantee the platform's security. Developers formally validate all smart contracts and core protocol elements that make up the system's internal architecture through mathematical analysis. Always DYOR (Do Your Own Research) and fully understand any DeFi protocol before using it.

Ένα από τα κορυφαία DeFi πρωτόκολλα για δανεισμό και απόδοση τόκων σε κρυπτονομίσματα.

Το Aave είναι ένα από τα πιο δημοφιλή πρωτόκολλα αποκεντρωμένης χρηματοδότησης (DeFi), επιτρέποντας στους χρήστες να δανείζουν και να δανείζονται περισσότερα από 20 διαφορετικά κρυπτονομίσματα με ευκολία. Βασισμένο στην κλασική χρηματοοικονομική πρακτική του δανεισμού, προσφέρει στους χρήστες τη δυνατότητα να διαχειρίζονται τα ψηφιακά τους περιουσιακά στοιχεία με αποκεντρωμένο τρόπο.

Το AAVE token επιτρέπει στους κατόχους του να συμμετέχουν στη διακυβέρνηση του πρωτοκόλλου, ψηφίζοντας για το μέλλον και τις αναβαθμίσεις του δικτύου. Τα δικαιώματα ψήφου κατανέμονται βάσει της ποσότητας των token που κατέχει ο κάθε χρήστης.

Πώς λειτουργεί το Aave;

Το Aave δημιουργήθηκε ως απάντηση στην αυξανόμενη ανάγκη για αποκεντρωμένες αγορές χρήματος. Σήμερα βρίσκεται μέσα στα δέκα κορυφαία DeFi πρωτόκολλα. Βασισμένο στο blockchain του Ethereum, επιτρέπει τον δανεισμό και την απόδοση τόκων σε μια μεγάλη ποικιλία κρυπτονομισμάτων, όπως altcoins και stablecoins.

Οι χρήστες καταθέτουν τα περιουσιακά τους στοιχεία σε «πισίνες ρευστότητας» και κερδίζουν τόκους με βάση τη χρήση των κεφαλαίων. Αντίστοιχα, οι δανειολήπτες μπορούν να δανειστούν χρησιμοποιώντας άλλα crypto ως εγγύηση. Το επιτόκιο προσαρμόζεται αυτόματα, ανάλογα με τη ζήτηση – όσο περισσότερα δάνεια υπάρχουν, τόσο μεγαλύτερο το επιτόκιο για τους δανειστές.

Το Aave ξεκίνησε το 2018 με το όνομα ETHLend (και το token LEND), όμως μετονομάστηκε σε Aave κατά την bear market του ίδιου έτους. Το όνομα σημαίνει «φάντασμα» στα φινλανδικά.

Ποιος δημιούργησε το Aave;

Ιδρυτής του Aave είναι ο Stani Kulechov, προγραμματιστής και πρώιμος υποστηρικτής του blockchain. Μαζί με την ομάδα του, ανέπτυξε την πλατφόρμα επειδή απογοητεύτηκε από την έλλειψη λύσεων δανεισμού στο Ethereum. Το πρώτο project τους, ETHLend, έγινε το θεμέλιο για το σημερινό Aave.

Ο Kulechov, ο οποίος έχει σπουδάσει νομικά, ξεκίνησε να προγραμματίζει μόνος του από την εφηβεία και θεωρείται σήμερα μια από τις σημαντικές προσωπικότητες στο DeFi οικοσύστημα.

Πώς χρησιμοποιούν οι χρήστες το Aave;

Στην πράξη, το Aave συνδέει δανειστές και δανειολήπτες μέσω ενός αυτοματοποιημένου αλγόριθμου. Όσο περισσότερα crypto χρησιμοποιούνται από τους δανειολήπτες, τόσο αυξάνονται τα επιτόκια που κερδίζουν οι δανειστές. Όταν η χρήση μειώνεται, τα επιτόκια πέφτουν, προσελκύοντας περισσότερους χρήστες.

Οι δανειολήπτες πρέπει να καταθέσουν εγγύηση μεγαλύτερης αξίας από το ποσό που δανείζονται. Αν δεν επιστραφούν τα funds ή πέσει η αξία της εγγύησης κάτω από το επιτρεπτό όριο, ενεργοποιείται η διαδικασία ρευστοποίησης της εγγύησης.

Υπάρχει και η δυνατότητα για flash loans – δηλαδή άτοκα δάνεια χωρίς εγγύηση, αρκεί να επιστραφούν μέσα σε μία μόνο συναλλαγή.

Τι είναι το AAVE token;

Το AAVE είναι ένα ERC-20 token που λειτουργεί ως εργαλείο διακυβέρνησης αλλά και ως προστασία του συστήματος («Safety Module»). Οι κάτοχοι AAVE μπορούν να ψηφίζουν για προτάσεις βελτίωσης και στρατηγικές κινήσεις του πρωτοκόλλου.

Σε περίπτωση έλλειψης ρευστότητας, το AAVE μπορεί να πωληθεί για να καλυφθούν τυχόν ελλείμματα. Οι καταθέτες του Safety Module ανταμείβονται με απόδοση σε AAVE, ως κίνητρο για να κρατούν το σύστημα σταθερό.

Το 80% των τελών που πληρώνουν οι χρήστες χρησιμοποιείται για την επαναγορά και καύση (burn) του token, ενισχύοντας τη σπανιότητα. Η συνολική προσφορά περιορίζεται στα 16 εκατομμύρια AAVE.

Πώς μπορώ να αγοράσω AAVE;

Μπορείς να αποκτήσεις AAVE εύκολα μέσω της εφαρμογής Tap. Είτε χρησιμοποιείς ευρώ είτε άλλα crypto, μπορείς να αγοράσεις και να αποθηκεύσεις AAVE στον ενσωματωμένο σου λογαριασμό με μερικά κλικ. Οι πληρωμές μπορούν να γίνουν με τραπεζικό έμβασμα ή κάρτα, και η εφαρμογή σου παρέχει ένα ασφαλές πορτοφόλι για τη διαχείριση των AAVE σου.

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MKR, the governance token fueling the network, comes from the same platform that created DAI, the algorithmic stablecoin soft-pegged to the US dollar. MKR serves both the decentralized autonomous organization, MakerDAO, and the software platform, Maker Protocol, both built on the Ethereum blockchain. These two platforms generate DAI and allow users to issue and manage the DAI stablecoin. 

What is Maker (MKR)?

Developed in 2015 and officially launched in December 2017, Maker is a revolutionary project that was built to host and generate DAI, a community-managed cryptocurrency that has its value soft pegged to the US dollar. The MakerDAO forms part of the larger Maker Protocol which allows DAI to maintain its value and operate without the need for a third party. The Maker Protocol requires both tokens to operate: DAI and MKR. 

To understand MKR, one must first be familiar with the DAI stablecoin. DAI serves as a loan option for borrowers, with the platform allowing users to take out a loan in DAI tokens by locking another cryptocurrency, such as ETH. When the borrower pays back the DAI that was borrowed, they are able to reclaim the collateral used for their loan. However, if its value drops below a predefined level it could automatically be sold off.

The Maker ecosystem is one of the first DeFi projects to enter the market, years before the movement took off. The DeFi sector revolves around providing decentralized financial products powered by smart contracts to the masses. 

Though the DAI stablecoin is best known as a service offered by the Maker Protocol, the MKR token is actually the crypto asset that secures changes to maintain its functioning. The governance token MKR gives holders voting rights over the Maker Protocol's development, such as what cryptocurrencies can be accepted as collateral and the price at which these assets will be sold if liquidation is to occur. The MKR price appreciates in value based on the success of DAI. 

The Maker protocol accepts a range of cryptocurrencies, including ETH, MANA, and BAT, as collateral.

Who created the Maker platform?

Established in 2015, the Maker Protocol was developed by a team of tech-savvy developers spearheaded by Rune Christensen. As time progressed, this collective eventually organized and formed into an official entity known as the Maker Foundation, a corporation located in the Cayman Islands.

In 2017, the Maker team raised a remarkable $12 million in funding by selling MKR tokens to some of the most influential venture capital firms at the time including Andreessen Horowitz, Polychain Capital, and 1Confirmation. A year later, another $15 million worth of MKR tokens were bought by Andreessen Horowitz, who expressed the intention to help govern the DAI system by participating in the MakerDAO. 

In 2019, the project raised another $27.5 million from venture firms Paradigm and Dragonfly Capital Partners for expansion to Asia. 

How does the Maker Protocol work?

When the Maker Protocol launched, 1 million MKR tokens were created. These tokens gave holders voting rights on key decisions through a process called Executive Voting.

First, the sentiment of MKR holders is measured on a new proposal through Proposal Polling before committing any changes to the software. The Executive Vote then takes place, and once the highest amount of MKR token holders commits to a proposal and the vote is passed, the winning proposal is implemented into the Maker Protocol. The number of tokens holds more president than the number of token holders, i.e. 10 holders with 1,000 tokens each will outvote 100 token holders with 50 tokens each. 

Non-MKR holders also have the opportunity to participate in the vote via threads in the MakerDAO forum however the MKR holders have the final say.

DAI Savings Rate

MKR holders also have a say in how much DAI holders can earn if they save DAI tokens on the platform, known as the DAI Savings Rate. In previous years this amount has varied between 0% and 8.75%. Following the recent market crash, MKR holders voted to make the DAI Savings Rate zero to encourage holders to sell their DAI and bring the price back into equilibrium.

When the DAI price drops below $1, MKR holders can vote to raise the DAI Savings Rate to encourage more users to hold DAI which increases the price.

What is MKR?

MKR is an ERC-20 token and acts as a governance and utility token to the Maker Protocol with no fixed supply. The token gains value as the use of the Maker Protocol increases as the supply is reduced when the Protocol is working effectively and increased when governed poorly. MKR tokens are created or destroyed through surplus auctions and debt auctions.

Surplus Auctions

The Maker system holds a Surplus Auction when the fees collected exceed an amount decided by MKR holders. DAI that surpasses this threshold must be purchased with MKR in order to settle the auction. This MKR is then destroyed reducing the total supply and thus increasing the token price.

Debt Auctions

Conversely, if the Maker system is underperforming its locked coins are sold for a lower value than before, causing it to raise capital via a Debt Auction. Through this process, new MKR tokens are created and auctioned for DAI. This in turn increases the MKR tokens and reduces the price. 

In this light, MKR holders are incentivized to keep the platform performing optimally in order for it to generate more fees and thereby reduce the MKR supply.

How can I buy Maker (MKR) tokens?

Anyone looking to add Maker MKR tokens to their crypto portfolio can securely purchase Maker tokens through the Tap app. The mobile app allows anyone with an account to conveniently and safely purchase cryptocurrencies through an effortless trading experience. 

Users can buy /sell Maker MKR tokens using both crypto or fiat currencies, and safely store the tokens in the unique crypto wallet integrated into the app. Download the Tap app today to tap into the Maker ecosystem today.

Made up of the Overledger blockchain operating system and QNT token, the goal of the Quant Network is to allow multiple blockchains to work together and to give more flexibility when it comes to linking different global networks, services, and chains. With an impressive founder and resilience to the bear market, QNT has made a considerable impression in the industry.

What Is The Quant Network?

The Quant Network was designed to connect blockchains and networks on a global scale, prioritising interoperability and trust functions between them using the Overledger operating system, the first OS built for blockchains.

The Overledger network acts as the backbone of the project and is not a blockchain but rather an Application Programming Interface (API) gateway that allows developers to build decentralised multi-chain applications (known as Mapps) and bridges the gap between various blockchain networks.

The Quant project believes that this technology will be the foundation on which the future digital economy will be built. In light of this, the network has been working with central banks in the US and UK to build Central Bank Digital Currencies (CDBCs).

Founded in 2015 the platform officially launched in 2018 following a successful ICO earlier that year. July 2020 marks the launch of the world’s first blockchain operating system in July 2020, Version 1.0.

Who Created The Quant Network?

Quant was founded by Gilbert Verdian, a cybersecurity expert who has held government-level positions around the world. These positions include the UK Treasury, the Australian Department of Health, and the US Federal Reserve, and private sector roles at HSBC Bank, Mastercard’s Vocalink, BP, and more. 

With over two decades of experience in the cybersecurity space, Verdian learned the power that blockchain technology holds when it comes to solving a plethora of security problems related to the exchange of digital assets and information on a global level. 

Verdian sits as the chair of the UK Blockchain and Distributed Ledger Technology committee and is a member of the EU’s Blockchain Observatory and the Federal Reserve. 

In 2017, Colin Paterson and Paolo Tasca joined the project as co-founders, each bringing their own impressive experience. Paterson, acting Chief Technology Officer, is a cybersecurity expert having worked with Deutsche Bank and Vocalink and acted as the chief information officer of NSW Ambulance, the CISO of eHealth NSW, and the security lead of the Ministry of Justice, UK, prior to joining the project. 

Tasca, Chief Strategist, serves as the Executive Director of the University College London (UCL) Centre for Blockchain Technologies, Executive Board Member of the DEC Institute, and as Co-Chair of the Hedera Treasury Management and Token Economics Committee.

How Does The Quant Network Work?

The Quant network is centred around the Overledger feature. With Overledger, businesses can connect their preexisting technology infrastructures with a number of blockchain ledgers using an easy-to-use API.

APIs are software that creates or processes requests between two programs, acting as an intermediary. Many online applications rely on APIs, including finance trading software and social media sites.

The Overledger operating system lets developers launch Mapps, which are decentralised applications that work with numerous existing blockchains. Overledger operates in a similar manner to Windows, Android, or Macintosh OS in that it allows applications to run on it. The technology sits between underlying blockchain infrastructure and allows the Mapps to communicate seamlessly with multiple blockchains.

In order to access Overledger and build Mapps on the network, developers are required to hold QNT tokens and use these tokens to pay transaction fees, as well as a fiat-based annual licence. The platform also allows developers to create their own tokens using its QRC-20 token standards (similar to Ethereum ERC-20 tokens) as well as create QRC-20 smart contracts. These functionalities were created in a drag-and-drop style so that anyone with no prior experience can create them.

As an example, a developer within the ecosystem could create a smart contract that incorporates both the Bitcoin and Ethereum networks. The interconnected smart contract could stipulate that Jane will pay Sandy 1 BTC only once Paul has paid Jane 1 ETH.

What Is QNT?

QNT is an ERC-20 token that is used to access the Overledger network and validate transactions on the network. There is a maximum supply of 14.6 million QNT tokens, of which over 80% are in circulation (at the time of writing).

All product users, developers, and gateway operators are required to purchase annual licences, used to maintain platform efficiency. These licence fees are converted to QNT and locked up in the Quant treasury. If a user does not renew their licence, they forfeit their fees, discouraging them from dumping tokens on the market if the price increases.

Transaction fees for using Overledger are paid for in QNT to gateway operators. Since its launch in August 2018, QNT has seen consistent price growth and activity on the network.

Where Can I Get QNT?

You can simply buy / sell QNT through the Tap app, one of the most secure solutions in the crypto space as being a fully regulated crypto fintech. Using a range of cryptocurrencies and fiat currencies on offer, users can exchange any of the supported currencies to build a healthy portfolio that can be safely stored in its unique wallet linked to your account. Find links to download the app from the Tap website.