QNT token: a £100 Overledger licence a year, 14.88 million supply cap

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The QNT token pays the annual licence for Overledger and is to carry the fee for gas and execution in the Fusion Rollup. What it does, where the cap sits and why circulating supply differs by 2.47 million tokens depending on the source.The QNT token is an access right. Anyone using Overledger, the connectivity layer built by the British firm Quant Network, pays an annual licence for it, and that licence is payable in QNT. That is the short answer to what the token is for. The longer answer is more interesting, because it leads to a gap between what the token can do and what it has to do according to the company's own filings. The price stood at $242.50 on Sunday midday, down 3.4 percent in a day and 5.5 percent over the week, which puts QNT 44th by market capitalisation according to CoinPaprika. Our running Quant price prediction places that move in context. This article is about something else: the mechanics behind it. What the QNT token is: an access right without voting power...