QNT · fixed supply, no new tokens, the ledger reads zero.
QNT is the token of Quant Network, the Overledger interoperability platform — a fixed-supply ERC-20 on Ethereum, ~14.54M circulating of a recognized 14.61M cap, with no new issuance.
Sell pressure. No emission, no vesting and no unlocks — nothing creates new QNT, so new supply to market is 0.
Buy pressure. Overledger licence fees are locked in the treasury, not burned, and there is no buyback — zero structural absorption.
Net. Both sides of the ledger are empty — supply is fixed and fully distributed, so net to market is ~0.00% over 90 days (flat).
Fixed supply. No new QNT has been issued since the 2018 token sale — the amount seen on-chain has not changed in years. There is no staking emission, no block reward and no mint.
The 2018 sale's founder and advisor lockups expired years ago. No unlock cliffs remain in the next 90 days or beyond.
A large non-circulating reserve — roughly 30.9M QNT, the gap between the ~45.5M tokens seen on-chain and the ~14.5M recognized as circulating — is held in Quant-controlled and locked wallets, with 9.55M of it inside the token contract itself. It has not moved into the market on any schedule. No release was observed in the window — monitored.
No bankruptcy estate and no distressed-seller schedule attached to QNT.
No buyback program. Quant does not buy QNT on the open market.
Overledger licence fees are locked in the treasury for 12 months, then returned to the treasury — they are not burned, so no supply is destroyed.
No treasury open-market accumulation observed in the window.
Licence-fee locks are internal treasury locks on tokens the company already holds, not new market-removing locks; nothing leaves the circulating float on a fresh schedule.
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