Triaconta Weekly #235

The following topics will be addressed in this weekly:

  • Bundle performance
  • Revision
  • What is Quant ?

Bundle performance
It’s December already. The inflation peak seems to be behind us with declining prices in the Netherlands, Germany and Belgium. The U.S. Fed is also more positive about the economy for the first time and sees room to moderate the pace of interest rate hikes. The crypto market as a whole is rising for a second week although there are many variations. Bundles are benefiting from their diversified investment and rising modestly. DeFi benefits substantially from the confidence in Fantom, which we added to this bundle in September.

Big3:
1 Month: -21.39% | 7D: 1.87% | 24H: -1.93%

Top30:
1 Month: -22.56% | 7D: 3.23% | 24H: -0.78%

Penny:
1 Month: -26.04% | 7D: 2.45% | 24H: -1.07%

DeFi:
1 Month: -22.53% | 7D: 9.00% | 24H: 0.76%

Revision
The crypto market is constantly changing and Triaconta is therefore changing the composition of the standard bundles next week. If you enabled automatic revision on your bundle, the changes below will also be applied to your bundle. Stay up to date and enable revision on your bundle as well.

We are saying goodbye to the gaming tokens Axie Infinity and Decetraland for the time being. The number of users is declining and revenue is falling, which drops them out of the Top 30. The new rising star is Quant which has been around since 2018 but has been rising remarkably since May this year, gaining a place in the Top 30. More about Quant below.

The World Cup in full swing is finally pushing Chiliz up enough for a place among the best 30. Chiliz is the in-house currency of the Socios fan engagement platform. Socios is a highly successful marketplace for fan tokens that connect you to your favorite (soccer) team, athlete, or entertainer.

The Penny Stock bundle gets R.E.E.F., a Reliable, Extensible, Efficient, and Fast blockchain that has a lot of volume with a still low market capitalization. An ideal asset for this bundle. Reef runs on its own network but is compatible with the Ethereum Virtual Machine and can run all of Ethereum’s smart contracts cheaper and faster. High volume also means increasing blockchain usage. This unfortunately applies in the opposite sense to the Spell token, which is leaving the bundle as a result.

In the DeFi bundle there is only room for the top 10 so Lido DAO has to make way for an old favorite Synthetix. Until October 2021, this token was already part of this bundle once. Since leaving the bundle, the price of SNX has dropped more than 80% but the project has grown considerably. They now partner with Thorchain, work with Curve Finance and use Chainlink oracles for their stablecoin. The SNX token got a final push down due to the fall of the FTX exchange and now looks very attractively priced.

What is Quant ?
Quant Network is the inventor of Overledger OS, a blockchain operating system that allows users to interact with multiple different blockchains at once. Overledger OS is intended to become the Windows or macOS of the future network of blockchains. Overledger OS can also connect existing business administrations to blockchains. Quant is one of the few tokens that already meets the ISO 20022 standard for financial data exchange, which will be the successor to the current SWIFT from 2025 and is absolutely necessary to communicate with all current financial systems.

Who is Quant?
Founder Gilbert Verdian (CEO) has been in the security industry for over two decades for Mastercard, the Federal Reserve, BP and HSBC bank. He is also the founder of the Blockchain ISO Standard TC307, adopted in 57 countries, for standardization and thus simplified interoperability of blockchain technology. He got the idea for Quant while working in healthcare and seeing the problems caused by patient data. that were spread over too many different systems at insurers, hospitals and local healthcare providers.

Why Quant?
The Quant Network is now seen by many as the ideal place for Stablecoins and CDBCs – digital euros, dollars and other currencies as will be issued by central banks in the future. Quant presented this application in October at Sibos, the largest conference for financial services providers, and has been testing a CDBC with the Bank of England since January this year. And there are not only benefits for the banks. With Quant it is possible to collect all the information necessary for money laundering regulations and “know your customer”, while the transactions are anonymized, so that the customer’s privacy is not compromised.

Quant tokenomics?
Quant has a limited supply of only 14.6 million tokens of which 90% are already in circulation. To use the Overledger OS, you have to pay in Quant for every interaction, which creates value for the Quant token. Unique to Quant Network are the licenses for using Overledger OS. These must also be paid for with the Quant token and will remain blocked, which will reduce the available number of tokens. Finally, Quant tokens in the treasury are controlled by the token holders themselves and not founders or developers.

Quant future?
Development of so-called Multi-Chain applications is more difficult than the current decentralized Apps that only function on 1 blockchain. However, the possibilities are enormous for all applications that require integration of data and services from different systems. The partnership with Oracle and Amazon WS gives Quant access to the large group of companies that can benefit from the Quant Network. Quant is integrated into the Oracle Blockchain Platform. The emphasis on compliance with global financial regulations from the FATF in particular fuels rumors that Quant is already working with the US government on the digital dollar. Unfortunately we cannot confirm this yet.