What is Quant?
Quant is meeting the interoperability needs of an interdependent world by building interoperability for networks. Quant has already developed the world’s first blockchain operating system that interconnects blockchains but also legacy networks to blockchain. One of the biggest problems in the adoption is the poor connectivity between the old and new systems, hindering adoption. Quant and the Overledger network may be the solution. Quant technology provides access to multiple blockchains – with just 3 lines of code.
The Ethereum-based QNT is a utility token. This unique ERC-20 token supports Overledger blockchain OS and allows developers to create decentralized apps. QNT is not used as bitcoin or other cryptocurrencies – for settlement.
Currently, the Overledger system is operating in about 570 banks in Europe – via the partnership with SIA.
For more information on Quant, you can visit their official website here.
How to Deposit QNT Into Your Coinmetro Account
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts, or use a full ETH wallet as an intermediary.
Note: As Coinmetro uses smart contracts for ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk for loss of assets caused by a too low gas limit.
How to Withdraw QNT From Your Coinmetro Account
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be cancelled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be cancelled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
If you are withdrawing to an external wallet such as MetaMask, please ensure that you have added QNT as a custom token on the wallet.