QNT · a 2018 token that was issued once and has never moved since — but the mint switch was parked, not thrown away.
QNT is an Ethereum token issued in a single 2018 sale — 14.54M circulating, with no emission curve, no staking rewards and no schedule of any kind. Quant sells Overledger licences to banks and invoices them in pounds, so the business runs beside the token rather than through it.
Sell pressure. Zero — and measured rather than assumed. Every transfer QNT has ever emitted was replayed: the only 608 that created new tokens all landed in July 2018, and none in these 90 days.
Buy pressure. Zero as well. There is no buyback, the contract has no burn entry point, and the licence-locking treasury contracts are live but empty at both ends of the window.
Net. 0.00% — flat, not shrinking. Two things keep this from being a settled story: the 2018 mint function is still callable behind a closed sale contract, and about 68,317 QNT of company reserve is counted as held back without any wallet ever being published.
Quant has no issuance. Every transfer the token has ever emitted was replayed from block 5,000,000 to today, and the only 608 that created new QNT all landed inside two days of July 2018. Nothing has been created in the 90 days to Aug 26 2026, and nothing is scheduled. The mint entry point does still sit in the deployed code behind the closed 2018 sale contract, so this row is re-read from the chain on every rebuild rather than written off.
The only lock QNT ever had was a 12 month schedule for staff and managers after the 2018 sale, and it finished in 2019. There is no vesting contract on the chain, no cliff calendar and no locked tranche left to release, so there is nothing here to unlock in this window or any future one.
No public evidence of release in window — monitored. The company reserve is real but unlocated: the published supply implies about 68,317 QNT held back and sellable at any time, yet no wallet is disclosed, and the one address the chain can tie to Quant — the address that received the 14.467M company allocation in 2018 and sent the 9.55M write-off — holds 1 QNT at both ends of the window. Every transfer in the window was traced by sender rather than by balance, and the largest net sellers are exchange and unidentified wallets, none of them Quant.
There is no estate, no trustee and no court-ordered distribution attached to QNT.
Overledger licences are invoiced in pounds and the fee is company revenue, not a token flow. Quant's own disclosure states plainly that holders have no claim on revenue and that no mechanism routes any of it back to the token, so there is nothing to buy back with.
The deployed token has no burn entry point at all — the verified source is a fixed 2018 contract with transfer, approve and mint and nothing else, and it is not upgradeable, so a burn cannot be added to it. The one thing that acts like a burn is accidental: 9.55M QNT sits inside the token's own address with no way out, and users quietly added another 11.8 to it over these 90 days.
No public evidence of release in window — monitored. No Quant wallet is published and no dated purchase could be confirmed from a primary source, so no figure is claimed here.
The licence model is supposed to lock QNT in on-chain treasury contracts, and those contracts exist and are readable. They are also empty: at both ends of the window the factory counts zero gateways and zero applications, and all four treasury addresses hold nothing. Node staking is on the roadmap with no published stake size and no deployed contract, so nothing is booked in advance of it.
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