Quant Network (QNT) Price

QNT

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Before trading any crypto assets it is important to understand the risks. This overview summarizes certain risks associated with QNT. 

No securities regulatory authority has expressed an opinion about QNT, including an opinion that QNT itself is not a security and/or derivative.

Token Description & Project Background

The Quant Network is an enterprise focused multi-chain ledger solution.

Their primary product is OverLedger which acts as a common bridge to multiple underlying chains. OverLedger exposes a common set of internal APIs for building DApps (decentralized applications) that span multiple chains with primarily business use cases.

The Quant Network was founded by Gilbert Verdian in late 2017, formerly Chief Information Security Officer at Vocalink, MasterCard's UK-based payments systems provider. 

The network launched in 2020.

QNT is the network’s utility token.

Risks of QNT

Like an investment in other crypto assets, there are some general risks to investing in QNT. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with QNT. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The QNT community and the Quant Network’s core team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of QNT  have no recourse to the Quant Network’s core team, developers, or Uphold if QNT declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing QNT on the Uphold Platform, Uphold performed due diligence on QNT and determined that QNT is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of QNT, including ensuring the source code being open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of QNT.
  • Marketing materials put forward by the QNT social team including, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with QNT, including any code defects, security breaches and other threats concerning QNT and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with QNT, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of QNT. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 2, 2023.

How to buy Quant Network (QNT)

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