QUANT NETWORK AMA: 12 DEC 2018

Q U E S T I O N (S)

A N S W E R (S)

Q U E S T I O N (S)  &  A N S W E R (S)

HIGHLIGHTS ARE MARKED WITH BLUE STRIPES

Question(s):

Information / Announcement

Answer(s):

Hi All, thought to pop in and discuss our plan until next year.

Going to have the next AMA on the 14th January, when we're all back in the office and I'm back in London. Before then will be dropping in every now and then also. Wanted to also share that we've solved our tokenomics approach and Treasury. We're going to publish the details in the new year before the end of January.

Question(s):

Information / Announcement

Answer(s):

To summarise: - We have an Enterprise and Community approach to the utility of the tokens. - Each developer and enterprise needs to hold QNT as a license to be able to develop and publish mApps - End-users will also need to hold QNT to be able to run mApps and access the Overledger ecosystem. - Charging for the use of mApps is up to the developer or enterprise on how to do it but they can charge using fiat or in QNT, so users can pay for the use of a mApp with QNT and it can be one off, a recurring subscription or in-app. The QNT amount is spent. - QNT is also paid for the amount of volume that is transacted through Overledger for read and write transactions. - Gas fees for permissionless blockchains can be all handled by the developer or we can help manage that for them. - This is all handled in our Treasury which will have a payment processor engine to facilitate this. - We’ll have more detail published in January

We feel this is good approach that helps Enterprise and Developers, and for users to be able to pay in QNT. We're finalising the last bits of the model and will have it ready for publishing in Jan.

Question(s):

If users can pay in fiat, what will be the bebefits of holding qnt?

Answer(s):

Chris
If users can pay in fiat, what will be the bebefits of holding qnt?
They need to have QNT to run mApps and access Overledger. At QuantX we demoed a frictionless way for users to have wallets created for them and they didn't have to go through the process themselves. This is part of the approach to simplify it for users

Gilbert Verdian
They need to have QNT to run mApps and access Overledger. At QuantX we demoed a frictionless way for users to have wallets created for them and they didn't have to go through the process themselves. This is part of the approach to simplify it for users
We're also making it cheaper to pay for the service in QNT rather than fiat to further power the ecosystem

Question(s):

So their fiat payment will be converted to qnt seamlessly based on market prices?

Answer(s):

Chris
So their fiat payment will be converted to qnt seamlessly based on market prices?
For Enterprise, yes.

Question(s):

Will overledger be able to utilize tokenization, such as through a mApp over Stellar, for real world assets such as stocks, gold, etc?

Answer(s):

NomNomCoins
Will overledger be able to utilize tokenization, such as through a mApp over Stellar, for real world assets such as stocks, gold, etc?
We have our TrustTag technology which we're already using to tokenise different types of data. No reason why we can't digitise assets.

Question(s):

Thanks for informing us Gilbert. At first blush it looks like a great model. Are you planning to peg the license costs in fiat?

Answer(s):

Pablo
Thanks for informing us Gilbert. At first blush it looks like a great model. Are you planning to peg the license costs in fiat?
Thank you Pablo. License costs can be both in fiat or QNT for developers

Question(s):

Information / Announcement

Answer(s):

It's taken us a good solid 4 months to work on this to get it right for Enterprise, Developers, End Users and our community.

Question(s):

Gilbert Verdian
We have our TrustTag technology which we're already using to tokenise different types of data. No reason why we can't digitise assets.
Intriguing. Thank you, I'll take a look into your TrustTag tech. We really appreciate your work to flesh out the details for QNT, as well as your connection with the community

You've all done a great job. I am proud that I can contribute to such an amazing, world changing and futuristic project. You may all be very proud of yourself, and I am looking forward to keep supporting Quant in the future.

Answer(s):

Thank you. We love delivering and being so close to our community. We really value everyone's ideas and feedback and are always listening to your suggestions

Question(s):

Big exchange as a Christmas present next 😏😀

Josh
Big exchange as a Christmas present next 😏😀
Who knows

Answer(s):

We've got the exchanges lined up as I mentioned a couple of weeks ago. We felt it better to have the listing dates in January and the new year being weary of the market in December. Happy to explain in more detail if you need.

Question(s):

Gilbert Verdian
We've got the exchanges lined up as I mentioned a couple of weeks ago. We felt it better to have the listing dates in January and the new year being weary of the market in December. Happy to explain in more detail if you need.
Just to explain to people. The listings will be delayed to January because of the market conditions. This because of the weary market. (this is a question we get a lot haha)

Answer(s):

The Eye of QNT -NEVER PM FOR FUNDS-
Just to explain to people. The listings will be delayed to January because of the market conditions. This because of the weary market. (this is a question we get a lot haha)
We felt it best to protect the community from the market conditions. We haven't cancelled listings.

Question(s):

Gilbert Verdian
We've got the exchanges lined up as I mentioned a couple of weeks ago. We felt it better to have the listing dates in January and the new year being weary of the market in December. Happy to explain in more detail if you need.
Awesome news! But what if the market gets even worse in January?

Answer(s):

A A
Awesome news! But what if the market gets even worse in January?
To be fair, we're quite positive about the conditions from what we can gather.

Question(s):

Answer(s):

JacoVaper
Pretty disappointing. Delay after delay
That's a bit harsh JacoVaper. We've been delivering real technology, ahead of schedule and before the announced milestones all year.

Question(s):

Nice surprise update, thanks, GV. Any chance you all were able to check out the dual tokenomic model I posted a while back? Sounds like you chose a different direction.

Answer(s):

Ghost of St. Miklos
Nice surprise update, thanks, GV. Any chance you all were able to check out the dual tokenomic model I posted a while back? Sounds like you chose a different direction.
Thank you Ghost, We have that approach being worked out for the Overledger gateways, to incentivise people to host Overledger gateways and be rewarded for the volume that goes through it

Question(s):

Gilbert Verdian
Thank you Ghost, We have that approach being worked out for the Overledger gateways, to incentivise people to host Overledger gateways and be rewarded for the volume that goes through it
Oh this is massive

Answer(s):

Ghost of St. Miklos
Oh this is massive
It's our approach to decentralise Overledger to be multi-cloud first, then multi-blockchain in a phased way.

Answer(s):

Ghost of St. Miklos
Why didnt you mention this before hehe
It's a bit complicated and we've now delivered Overledger as a blackbox deployment which can be dropped in and placed anywhere.

Question(s):

Sorry to ask the question again on the tokenomics given it will be likely answered in Jan. But is it a declining supply over time?

Answer(s):

VV Enth
Sorry to ask the question again on the tokenomics given it will be likely answered in Jan. But is it a declining supply over time?
It really is driven by supply and demand in the ecosystem. The supply will decrease as more is spent

Question(s):

Any possibility of the tokens also coming with an underlying equity share?

Answer(s):

VV Enth
Any possibility of the tokens also coming with an underlying equity share?
No, we can not link to equity as it will make it a security and not in line with FINMA regulation.

Question(s):

Got it - so right now no plans to convert from utility to a security token. I guess my concern is as supply decreases and fiat gateways are open, how do you drive institutions and users to buy quant

Answer(s):

VV Enth
Got it - so right now no plans to convert from utility to a security token. I guess my concern is as supply decreases and fiat gateways are open, how do you drive institutions and users to buy quant
We don't have plans to convert to a security token. We've always been a utility token

Question(s):

Hi Gil.. Are you guys also holding off on clients and announcements until the new year?

Understand that is a bit more out of your control

Answer(s):

Yes, we have quite a few client announcements coming up in the new year.

Question(s):

Hi Gilbert Can we expect any announcements on exchanges, or new partnerships before Xmas? Thank you

Answer(s):

Dorris Wells
Hi Gilbert Can we expect any announcements on exchanges, or new partnerships before Xmas? Thank you
We should be able to announce some more partnerships by the end of this year. Meeting a new partner this afternoon who is already developing mApps for clients

Answer(s):

We are meeting Data61 next week when I'm in Sydney 🙂

Question(s):

In relation to exchange listings and announcements.. Are you not worried that the market conditions could take a while to improve?

Answer(s):

DreadBongo
In relation to exchange listings and announcements.. Are you not worried that the market conditions could take a while to improve?
No, from our understanding we're positive about where the market is heading in Q1 2019.

Question(s):

Answer(s):

AJ
Fabian, Simon Taylor
We are going to meet with the 11FS teams. Simon and I have spoken at the same conferences and panels, just need to coordinate our diaries!

Question(s):

Gilbert Whats your thoughts on mastercard private blockchain ann and do you see Quant supporting privacy?

Answer(s):

COBRA ( Mr Salty )
Gilbert Whats your thoughts on mastercard private blockchain ann and do you see Quant supporting privacy?
We like what mastercard are doing and advancing blockchain technology for banks. Positive for the industry.

Question(s):

Information / Announcement

Answer(s):

thank you all! Looking forward to dropping by again and doing the next AMA on the 14th Jan.

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