Thread by @TheQuantKing

$QNT confirmed to be working with the Bank of International Settlements & the Bank of England on a CBDC 🔥🔥🔥

This could lead TRILLIONS of dollars into the Quant Overledger, which needs $QNT token for account creation & transactions.

Here is what you need to know 🧵👇

The Bank for International Settlements (BIS) is piloting a joint initiative with the Bank of England named Project Rosiland.

Project Rosiland is looking to lay the foundation for creating and implementing CBDCs.

Quant CEO @gverdian was recently on stage with @bankofengland Tom Mutton, where he confirmed that "@gverdian and Quant were important participants in Project Rosiland".

Given what Quant's Overledger technology is capable of, it is no wonder the BIS/BoE is keen on working with @quant_network.

Here is an example of the use cases for Quant OL to tokenize different assets for governments & financial institutions 👇

Also worth noting that $QNT OL supports some of the biggest blockchains including:

#BTC
$ETH
$XRP
$MATIC
$DOT
#AVAX

"Connect your app to the chain(s) of your choice to build mDApps".

Another $QNT innovation, mDApps are cross-platform, multi-DLT, & no longer bound to just 1 blockchain.

This is HUGE as the first goal listed by Project Rosiland is "interoperability between systems and different forms of money."

So what does this mean for the $QNT token?

$QNT is a utility token that is used as a form of payment for @quant_network services, most notably as a way for Overledger users to pay their fees. Greater adoption of OL = more demand for $QNT token...

Huge total addressable market for governments & financial institutions + 14.88 mil total supply leads me to believe we WILL see a supply shock for $QNT in the future.

$10,000 $QNT incoming 💥🚀