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Executive Summary
Overview
Highlights Quant developed a system called
OverLedger, which is an application to run
• Quant Network aims to solve one of the most critical issues, blockchain on top of blockchains with the goal of
technology will have to overcome in order to provide viable use cases for breaking the single-ledger dependency,
businesses and organizations: The lack of Interoperability. one of the significant issues of current
• Quant presents an all-in-one solution that provides simplicity for the end user, Blockchain technology.
which is what is needed to enable mass adoption of blockchain technology.
• Quant developed “the world’s first blockchain operating system. “ Ticker QNT

Price $6,00USD

Pre-Sale Price $0.50 USD

Risk & Concerns Market Cap $58.6 Million

Circulating Supply 14,612,493 QNT

• Investors need to be aware that this type of project will take time to mature
and provide returns, as BaaS (Blockchain as a Service) providers such as Total Supply 14,612,493 QNT
Quant, are highly dependent on overall Blockchain adoption. Token Type ERC20
• We need to stress, again, this is a long term hold. Investors should be
Mainnet No
keeping a close eye on the project's progress over the next few months in
terms of clients and partnerships. Website quant.network

Source: Blockfyre Research | QUANT Network website, Coingecko

What problem does it solve? x

Fundamental Problem: Lack of interoperability

• Currently, there are over 30 different blockchains on the market, and each of them has its own pros and cons. While all of them
represent mostly closed systems, that don’t allow for interoperability.
• While we are experiencing a growing number of use cases for Distributed ledger technology and blockchain, and although these new
environments and applications provide many benefits, they still lack seamless interoperability, internally among ledgers, and externally
with existing networks. This dependence on one single blockchain causes several problems for businesses and users:

• Increased difficulty to choose the appropriate system.

• Meeting technical and business requirements when considering different blockchains for decentralized applications.
• The dependency slows down adoption and scalability of new applications and features.

• From a business perspective, a single-ledger application increases the amount of risk, complexity, and effort needed to adopt multiple
distributed ledger technologies, in many cases, even duplicating resources and investments. Different structures, mechanisms, and
technologies make it hard to build a standard interface, although this is precisely what blockchain technology and its applications
need.
• All challenges listed above, limit widespread adoption of blockchain applications and a foreclose the potential of reaching critical
mass in terms of users and use cases.

Source: Blockfyre Research | QUANT Network website

Quant’s solution x

Solution
• The main project of Quant Network is OverLedger, which is not a new Blockchain but rather an Operating System to
facilitate MAPPS (Multi chain Dapps) to benefit from blockchain interoperability. Overledger is the rails infrastructure to
facilitate the creation of these applications, aiming to break down single-ledger dependency.
• Quant Network essentially has 3 main goals, which all work hand-in-hand to further the mission of a strongly connected
network. The network’s first goal is to develop an interface to connect different blockchains and systems to each other. The
second goal involves bridging existing networks in industries like financial services to blockchains. Finally, they plan on
having OverLedger allow developers to create multi-chain applications while connecting the „old“ Internet to Blockchain
ecosystems.
• Scalability is not a concern when it comes to OverLedger, as the limiting factor of speed lies within the underlying DLT, not
OverLedger itself. For example the team has close ties with the Australian data scienece research network Data61 and
intends to integrate Red Belly Blockchain, which is documented at reaching up to 800k tx/s.

Comments
• OverLedger is where we see Quant's main advantage and USP. Organizations can keep their existing infrastructure while
connecting to Blockchain where it's needed and where the value will be added through decentralized technology. Quant allows for
this old infrastructure to be connected directly to OverLedger, which takes care of everything from there.
• Big companies want a solution that doesn't force them to change everything about their current workflow in order to go
"decentralized." Source: Blockfyre Research | QUANT Network website
Quant’s solution x

Technological Approach Key features of OverLedger

• Flexibility: The option and ability to move to different
• Where OverLedger differs from existing Blockchain
ledgers if the underlying DLT becomes obsolete or
Interoperability platforms is that it decouples the
transaction fees are too high, ensuring availability and
message layer from the transactional layer of the
saving you money
underlying Blockchain technology, providing flexibility
• Backward Compatibility: The ability to connect data
to move to different ledgers, backward compatibility,
sources or external APIs to Blockchain networks, taking
and simplicity.
advantage of key aspects of the technology
• OverLedger is being positioned as the world’s first
• Simplicity: Easy to use Blockchain Programming Interface
blockchain operating system. It does not only connects
(BPI) and Overledger Software Development Kit (SDK) to
blockchains to one another but also allows existing
produce both cross ledger and standard applications,
networks to leverage benefits of blockchain technology
reducing time to market and democratizing development.
by enabling the creation of internet scale multi-chain
applications, otherwise known as mApps. The
applications will be available in the Quant App Store.
• So far Quant has connected HyperLedger, Ripple,
Ethereum, Corda, and Quorum to OverLedger.

Source: Blockfyre Research | QUANT Network website

Quant’s solution x

The four layers of OverLedger

Filtering and
Ordering Layer
Transaction Layer

Protocol Layer Messaging Layer

• Transaction Layer: This is where transactions and all the relevant • Filtering and ordering layer: This layer takes the messages from
components for the blockchain to reach consensus, are stored. Each the messaging layer, filters them based on predivined rules and
ledger is isolated. orders them into virtual blocks called a verification block (distributes
the hash to all the blockchains involved)

Application Layer
Messaging Layer

Filtering and
Transaction Layer Ordering Layer

• Messaging layer: This layer takes the transaction info from the • Application layer: takes the messages from the filtering an
transactions in the transactions layer and places them into the ordering layer and updates its state. It also defines the rules for how
messaging layer (which is shared). the other layers interact with blockchains.
Source: Blockfyre Research | QUANT Network website
Industries and Use cases x

Quant will develop sector-specific technology, middleware products and enterprise solutions.

Financial Services Government

Goal: Empowering
businesses with
flexibility, allowing
them to connect their
network to blockchains
without being locked
into an existing
technology or vendor.
Source: Blockfyre Research | QUANT Network website
Goal: providing
Solutions that minimize
Healthcare Individuals Supply-Chain
the bureaucracy but
Goal: Increasing the Goal: Providing Goal: Allowing for enhance transparency
security, privacy and individuals with a level interconnectivity and and collaboration
interoperability of of access and control seamless interaction of between governments,
health data and health of their personal global, blockchain based business and citizens.
information exchanges information while supply chain
(HIE) on a global level. increasing usability of management
dApps. applications and data.
 QNT x SIA partnership x

Interoperability for Europe’s financial industry

• SIA is one of the leading companies in the European payment and technological infrastructure sector
• Serving banks and trading venues in more than 50 different countries, SIA managed 51.7 billion financial transactions and carried
1,204 terabytes of data on their network in 2018
• SIAchain by SIA is a private infrastructure that allows SIA’s clients to create their own Business Networks on different private
blockchains such as Corda, Hyperledger or permissioned versions of Ethereum. Within these Business Networks, they can then run
dApps for their specific needs
• SIAchain is currently used by 570
supernodes, all consisting of SIA clients
such as Banks, Trading Venues and Stock
Exchanges
• However, different banks are tackling that
by different approaches on different
blockchains, so there is a big demand for
blockchain interoperability in the financial
sector
• SIA and Quant Network have officially
signed a strategic partnership agreement,
in order to solve this interoperability issue
by applying Overledger to all of SIA’s 570
supernodes
Source: Blockfyre Research | QUANT Network website
Other Products x

• GoVerify tackles Cybercrime attempts and • Atlas is enabling cross border Open Banking.
protects its users from impersonation frauds Open Banking is a secure way for consumers
online. GoVerify is an existing working product and businesses to share bank information,
and is currently being migrated it to use allowing an ecosystem for companies to offer
Overledger as a MAPP. fast and secure payment methods and
• GoVerify allows people to verify and check that innovative banking products.
any email, SMS, letter, or phone call received is
legitimate and actually from the company they
appear to be from.
• It validates that the correspondence is really
from a trusted organization and is genuine
without making users to disclose any personal
information.
• Enabling people to verify communications would
save companies hundreds of billions of dollars a
year through fraud prevention.

Source: Blockfyre Research | QUANT Network website

 Competition Analysis x

Competition Valuation
• AION $45.526.771
• DOT $1.2 bil (after fundraising)
Polkadot Cosmos • ATOM $1.29 bil
Project Overledger Aion (AION) (DOT) (ATOM) Interledger
• Interleger N/A
• QUANT $76.559.082
Providing a
Payments
Comments
meta-gateway
to connect Solve Transfer assets Overcome across
different Blockchain and data Blockchain different
Purpose
blockchains to isolation (smart limits and payment • The idea of a multi-chain development platform is
blockchains problem contract) transfer assets systems based
not entirely new. There are numerous competitors,
and legacy on DLT
trying to achieve similar goals. Quant Network
networks
operates itself through two main aspects in a
Over the Over the competitive sense:
Layer of communication transaction Protocol based Protocol based Protocol based transaction • No other interoperability platform is doing MAPPs /
level level Treaty contracts, allowing developers to deploy a
single, smart contract to be used across multiple
Protocol Proportional to Notaries / blockchains
Protocol time Protocol time
Connection Speed (flexible) time the validator Entity • Quant is Connecting the Internet to the Blockchain,
depended depended
depended number consensus while also connecting to permissioned and
permissionless blockchains and DAGs as well as
Should
Ledger’s Should connecting and providing interoperability between
Aion implement the Ledgers allow
readability implement IBF legacy networks, all while operating at a layer above
Scalability Polkadot connectors to
and/or - compatible to talk with the blockchains. This makes Quant "future proof" as
security run nodes
writability The Hub it can be adapted to every new Blockchain in the
consensus
future.
Source: Blockfyre Research | QUANT Network website
Quant’s Business Model x

Business Model Partnerships and Clients

• The company is utilizing 4 major revenue streams. First, • Quant has been able to acquire several vital
they will have the Quant App Store, where developers partnerships with over 187 organizations. In our view,
will be able to build MApps and sell them to users. QNT this is crucial for success in terms of implementation and
will be the fuel for MApps, so even if an application is real-world use cases. Quant is operating in a highly
promoted as free by its developer, he will pay the txs competitive space, getting a foot in the door of these
fees for frictionless user experience. big companies is essential.
• The second revenue stream is SaaS products that are • One of the recent Partners is SIA, the leading European
targeted towards specific industries (financial services, hi-tech company in the payment services and
supply chain management, government services, and infrastructures sector.
healthcare). These are all areas where interchain
operability will be a necessity due to the legacy systems,
we expect this to become the mainstream of income in
the future.
• On top of that, Quant offers enterprise and middleware
products that would target certain industries that have a
higher need for connectivity and bridging between
networks. Finally, Quant Network aims to license a lot of
its intellectual property (IP) to blockchain companies
and Internet providers.

Source: Blockfyre Research | QUANT Network website

Tokenomics - QNT x

Token Information Allocation of Funds

Symbol QNT
100 %
Decimals 18
Contract Address 0x4a220e6096b25eadb88358cb44068a3248254675 Administration
Type ERC20 Tech. Infrastructure
Legal/IP
Network Ethereum Business Development
Facilities
Token Swap none, will stay ERC20 Marketing
75 % R&D

Supply
Locked in team wallets
Total Supply 50 %

9.777.236

25 %

14.612.493

0 %

Source: Blockfyre Research | QUANT Business paper

Tokenomics - QNT
Utility
For Developers:
• Developers will be able to obtain an annual license to
develop applications on OverLedger through the purchase
of QNT tokens equivalent to a fixed FIAT amount. These
tokens will be locked and hence decrease the circ supply.
• The license will expire annually and thus must be renewed
using only QNT.
• Consumption fees for reading and writing to OverLedger will
also need to be made in QNT based on a FIAT value. (This
also applies to Enterprise users)
• Developers may choose to monetize their applications and
will have the options to use a payment processor to charge a
subscription, a recurring price, a one off price, or an in-app
fee. This can be charged in FIAT or digital currencies.
x
For Enterprises:
• Enterprises will be able to obtain an annual license to
develop applications on OverLedger. Enterprise license fees
will be determined on the basis of:
- number of users

- number of employees

- types and number of applications

- volume of OverLedger transactions
• Quant Network is working on the pricing model and
strategy which is expected to be finalized by Q2 2019.
• In addition to the license fee, a platform fee calculated as a
percentage of the license fee in QNT will be payable.

Comments
• Quant Network’s business model encourages growth to the platform which drives the demand and the need for QNT tokens.
This is part of the product strategy targeted to developers and businesses, as well as the consulting approach to help
businesses use the platform. The more customers, MApps, and users on the platform, the more demand for tokens.
• Annual licenses will be locked, which will lead to a reduction in the circulating supply.

Source: Blockfyre Research | QUANT Network website

Tokenomics - Wallet Analysis x

QNT ownership Circulating supply

• The total supply of QNT is distributed over 3.826 addresses • The circulating supply is around ~9.7 million QNT
• The address with the most QNT holds ~21% of the supply. • The ownership of QNT is evenly spread out over a large
However this is the token contract, so the funds are number of wallets.
effectively out of circulation and can’t be accessed.
• The second biggest wallet is holding ~5%, followed by only
4 other wallets holding more than 1%

Source: Blockfyre Research | Etherscan, Exchange websites

Exchange listings x

Comments Reported 24h volume (04.07.2019)

• QNT is traded on 6 exchanges < 1 Million USD
• Daily trading volume for QNT is < 1 USD
• The two major exchanges for QNT are FatBTC and Hotbit. However, we have to
make clear, that the trading volume on these exchanges is mostly fake and the
Token was listed withouth the Team's permission, therefore we will focus on IDEX
and Bittrex for thsi analysis.
• The team confirmed that discussions are taking pace with Tier 1 exchanges, as
well as some upcoming exchanges.
• The wallet analysis in combination with the low trading volume indicate that QNT
is mainly held by a relatively larger number of long term investors.

IDEX Bittrex 34%

Type DEX Type CEX

Trading against ETH Trading against BTC 66%
Fees Fees
- Withdrawal Based on set Gas - Withdrawal 0.5 QNT
- Trade (maker) 0.1% - Trade (maker) 0.1%
- Trade (taker) 0.2% - Trade (taker) 0.1%
Website idex.market Website bittrex.com

Source: Blockfyre Research | Coinmarketcap, Exchange websites

Price analysis x

Comments
• Over the last year, QNT has
shown some fairly steady
growth.
• Since its ICO, QNT has increased
3.98x in USD, 3.69x in BTC and
9.01x in ETH, which is, compared
to a lot of other projects which
have been around for such a
long time, still a relatively low
ROI.
• The daily volatility (measured
over the last month) has been
ranging around 5-11% during
the previous month of trading,
before spiking up to 15% shortly
before the price hit its yearly
high.

Source: Blockfyre Research | QUANT Network website, Coincodex

Team
Description
• Before the Quant Network, the team members were not working
together and had no mutual projects. However, Quant has been
around sine 2016.
• Safe to say that a project with such a large scale of potential
applications requires a strong Team, Quant definitely has a very
experienced team, both inside and outside the blockchain space.
• The team has strong links to Government Bodies, National Agencies,
and various industries.
• Colin Paterson & Gilbert Verdian have a common past, they have been
in a business partnership for over 12 years (Trudera Ltd.)
x
• Gilbert Verdian is the chairman for the ISO TC 307 Working Group
for Interoperability of blockchain and distributed ledger
technology systems. The ISO TC 307 is for blockchain as a whole
not just specifically Interoperability.
• Quants Advisory board includes: Chris Adelsbach, London-based
entrepreneur, FinTech investor, advisor, and mentor. He is a
Managing Director at Techstars
• Renier Janse van Rensburg, who has Over 20 years of
management experience in governance and compliance.

Gilbert Verdian Paolo Tasca Colin Paterson

• Co-founder & CEO
• Has been working in Cybersecurity for 20
years, in various industries
• Founder of the Blockchain ISO Standard
TC307
• Founder of Trudera Ltd, working on
bringing intelligent AI to Enterprise
• Co-founder & Chief Strategist
• Head of the Centre for Blockchain
Technologies at University College London
• Digital Economist with an economics
background in central banks.
• He now acts as an advisor to the team.
• Co-founder & CTO
• 20-year background in Information and
Cybersecurity
• Experience in Financial Services for
Deutsche Bank, Nationwide, BT, CSC, NHS,
QCDA
Source: Blockfyre Research | QUANT Network website
Quant Rating x

Product 10/15 Community 11/15 Traction 8/9 Team 3/3 Trading 9/12 Network 10/15

Whitepaper Website Development Status Background Team Profit (1 month) Google Trends

Competition Social Media Number of txs Profit (1 year) News Mentions

Speed Communication Partnerships Exchanges Twitter Follower

Value Advisors Token distribution Telegram Follower

Roadmap Influencers Reddit Follower

Total score: 51 / 69 = good investment opportunity

Conclusion x

General opinion about Quant

Other interoperability project forces clients to use at least one particular blockchain, Quant has virtually no
limitations in this regard. Flexibility and fast implementation are fundamental aspects for big business’s, and
Quant definitely emphasizes their ability to potentially cut out the need for the development of new systems or
perform complete overhauls of existing networks.

High upside potential

If the team successfully solves the single-ledger dependency problem, there will be enormous use for
the OverLedger, as multi-ledger applications are built and used on top of the OverLedger technology.
The Token economics and wide-ranging business models are perfectly alined, in our opinion.

Long-term investment
Over the long term, Quant has the chance to become the standard for blockchain interoperability.
Therefore, Quant is highly depended on the success and rate of Blockchain adoption in general. This
process will take time. One thing we have noticed is the vast community support behind this Project,
which is always a significant factor when evaluating long term Investments.

Risk & Concerns

Although the market potential seems to be huge, we still expect the interoperability space to be in a make or break
situation, where one big player will become the go-to solution. Quant seems to be positioned very well for this
task, but unpredictable factors are playing a significant role here. Quant remains a high risk/high reward
investment. This is not a huge concern but Quant is missing an updated roadmap.
Technical Analysis (June 27 2019)
x

• Quant has shown great strength throughout the month of June despite Bitcoin showing complete dominance over alt coins. Price
has respected key levels and I’m hoping this continues.

• Price has breached the uptrend today

which isn’t the best sign but there is still
plenty of chance that we see a higher low
as sell volume continues to decrease.
Failing a higher low, I’ll be watching for
support to hold strong at around 41,000
sats. Breaching this support would
invalidate the set up but it’s advised to
watch out for a stop hunt before rushing
to sell your position or write off an entry.
• If price does bounce at 41,000 then first
target for me would be resistance at
70,000 and breaking this level could see
further upside to another key level at
80,000. Please keep in mind that this is on
the daily timeframe and won’t happen
over night!
• This is my unprofessional opinion of
$QNT and should not be considered as
financial advice. @crypt_malone
Blockfyre x

Disclaimer
💰 We are currently holding QNT.
👥 We have not been in contact with the team
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