What is QNT?
QNT is a cryptocurrency with its own blockchain. The token will be used for monetizing the QuantaGrid DSP and for rewarding participants in the QuantaGrid research grid, as well as providing QNT tokens to all other QuantaGrid service users. QNT token is an ERC-20 token based on the Ethereum blockchain. Any Ethereum wallet can be used to store QNT tokens. All services using the QuantaGrid infrastructure will automatically use the QNT token as a means of payment. Any external partner can use QNT tokens as a means of payment on any service provided by QuantaGrid.
What is QNT used for?
Participation in the QuantaGrid research grid will require QNT tokens. In addition, QNT tokens can be used for purchasing and renting DSP computing power from the QuantaGrid computing center. In addition, partners of the QuantaGrid project can use the token to pay for their services within the closed beta version or Intelligrid services based on this DSP architecture. The total number of tokens will be limited by design and will not be increased after creation.
What is QuantaGrid?
QuantaGrid is a program for secure and reliable cloud computing on the basis of DSP. The project was developed by the Russian RRC-QITI. The project involves the development, launch and operation of a distributed computing platform that allows users to rent processing power from data storage systems (DSP) from all over the world. In addition, it allows you to exchange tokens of this platform for renting DSPs for cryptocurrency mining. QuantaGrid provides efficient and safe solutions for working with DSPs at distances of up to 1,500 km from the main facilities using WAN technologies and also in isolated areas using satellite communications.
Why is QNT needed?
All participants in the QuantaGrid platform exchange tokens on the basis of a free-market design, according to the rate that is being paid for DSP computing power. The rate for DSP computing power can vary from time to time. If the rate for DSP computing power grows, then the number of tokens available for sale will grow by itself. Token price is determined not only by market forces but also by a design that ensures that it does not exceed a certain level determined by the project development team. This mechanism ensures that token price will always be stable and predictable and not fluctuate too much on any one particular day.
What is the potential price of QNT?
Since QNT is the internal currency of QuantaGrid, it will gain in value in several ways. First, the number of QNT tokens is limited, which means that its price will continue to grow as more users join and exchange their computing power for tokens. Second, we expect people to use token to purchase services from QuantaGrid (or from our partners who become a part of QuantaGrid) – this makes QNT more valuable. Third, we expect the use of the token for exchanging DSPs to be used for cryptocurrency mining also make QNT more valuable.
What is the initial price and the total number of tokens?
The token was created to be the internal currency for QuantaGrid. The software will automatically pay for services with QNT, but any user can also use QNT to pay for services provided by QuantaGrid. In addition, partners that use the services of QuantaGrid can also freely exchange their tokens back and forth as they wish. The initial price of QNT will be established by free market rules based on supply and demand once the QuantaGrid network is launched. The number of tokens is limited, so there will be a constant tendency toward growth in value as more people purchase products and services using the token.
