First published 23 April 2020. Expanded in October 2026 so a licence token is not described as a blockchain. Quant Network is a company, founded by Gilbert Verdian, that sells software for moving messages and transactions across existing ledgers. The product name is Overledger. QNT is the token the company uses to charge for access. It is an ERC-20 on Ethereum. It is not the native coin of a Quant chain, because that chain is not what you are holding.
Ethereum without the jargon is the ledger the token sits on. This page is the token, and the category error that treats it as fuel for every chain Overledger mentions.
The sale fixed the supply
Quant Network AG, in Zug, sold QNT in 2018. The sale papers said the tokens created then were the supply, and that no more would be minted after the sale. That supply is on the order of 14.6 million. Nothing is mined. A later unlock of staff tokens was a release of coins that already existed, not a new issue. A market-cap widget that invents a future supply is inventing it.
The token does not govern the company. A vote of QNT holders is not how Overledger’s road map is adopted, unless the company separately says so. Shares, if any, are a different instrument. QNT is not stock in Quant.
What the token is for
Overledger is a gateway. A developer pays the company, in QNT, for a licence to use it. The price of that licence is a price list. It has been a modest annual fee in some releases and can be something else in the next one. Paying it does not buy you a seat as a validator on Bitcoin or Ethereum.
When Overledger sends a transaction onto some other chain, that chain still charges its own fee, in its own coin. QNT does not pay Bitcoin miners, and it does not pay Ethereum gas. A tutorial that says “buy QNT to pay for the cross-chain transfer” has skipped the destination’s fee. The wrong network is still the wrong city, and here the wrong coin is the one in the pitch.
The company has also described a later rollup that would use QNT for fees and for staking by its operators. That is a product design. It is not the ERC-20 you already hold, and it is not live merely because a page says “will”. Read whether you are being asked to lock tokens into a contract the company named, or into a site that appeared this week.
QNT moves like any other Ethereum token. A copycat can reuse the ticker. Match the contract a long-standing explorer shows, not a logo in a chat. Nothing here is an instruction to buy QNT or to buy a licence.
