UNKNOWN COLLAR w/ ICY & FLAME🧊🔥 - $QNT

Yo, what's up everyone welcome back to unknown color with icy and flame. How's everyone doing this Sunday? Yeah, yep. Thank you. I see I'll be last flame. We lost our co-hosts. Yo Good Sunday for crypto great Sunday for crypto. I'd say we're not red Yo who in here who in here actually got into quant? Did anyone get into quant before it? You got in Devon. Yeah, shout out. Shout out Leo Bluewater for Leo got you in that When did you get in Devon? Well, I was first in like back in 2020, but then I got rid of it all like last year Uh, and then Leo reminded me about it like three days ago You were in quant in 2020? Yeah, there was like six months He's like some social media influencer was talking about it a lot Back in the day and I literally fell for everything you're saying Well, dude, he was right I sold it sometimes and I got bad news for you Devon. He was right, man Well, no, I mean, I got back in, you know, thankfully we got some We got some really smart people in this community Yeah, so for those of you who don't know this week The quant network They signed a deal with the clearinghouse which is the us banks payment processor And basically what that gives them the authority to do is partner with these banks And connects them directly with basically any any blockchain that they want to partner with So if a bank is trying to transact in eth or soul or xrp even instead of having to develop the framework for Those three blockchains separately They connect directly to What's it called? What's their product called it's called Overledger yep over ledger They can connect directly to over ledger and over ledger will basically connect those banks Directly to any blockchain. It's like the middleman kind of You in that you in that as well, day right? Yeah, and in quant. Yeah, I just wanted to clarify that the banks have had a relationship with quant for two years now and the pump happened after the birth mortgage was put on the blockchain and the regulated liability network through the quant network Yep and the initiative with With the clearinghouse was just announced a couple days ago, right 24th No, they've had Well Was that publicly announced recently? They've they've they've had a relationship with quant for some time through hackathons and rfes which is public knowledge I believe and That information has been public for a couple of years now but they're the relationship I don't know when they made their public announcement regarding the clearinghouse relationship. I just know that uh Like two or so days after or maybe the day after I was in Feebospace They did their first mortgage and I think their first loan on the rln which was facilitated by quant Yeah, yep. I'm reading here the The on-chain money initiative with clearinghouse and quant was announced September 24th, so I'm sure I'm sure those two events were related the first mortgage and that and that the opening sign but super super bullish news Another interesting thing I read is that I think like 80% of the token is actually held by quant right now Not sure how that's gonna. I mean it definitely makes it easy for for squeezes like this to happen on bullish news But I don't know how that how that will take to long-term sustainability What's up? The So the relationship between the token and like its value with uh, yep. Yeah. Yeah, so as As more bandwidth comes through on the quant network the banks are paying a licensing fee quant and Facilitate essentially It you have to use quant as gas so to facilitate a cross-chain Payload you have to pay in quant and as you You're you know facilitating more transactions tend receive as more clients um and consumer clients have their Assets whether or not they even know it they're all of their assets will be on chain and the relationship between their on-chain assets and Like the billions of users in the rlm All of that bandwidth is going to drive the price of quant up because you're essentially paying for a license to use quant To facilitate cross-chain messaging and you know, we saw the token pump from 80 dollars on shebo space to today. I think it's like three or four hundred dollars Uh, and that's just seeing one or two users have their assets on chain But the rlm has billions and billions of users and tens and tens of trillions of dollars under management So what will see happen is we'll see all of those assets come on chain and then lending will be Facilitated through the quant network with the banks paying for the over ledger Set in receive function in quant which will drive the price of quant up as more users come on the network Yep, so the light the licensing fee itself also has to be paid in quant so it's it's got a Pre-determined fiat value, so Whatever that is is converted into quant and then used to pay for the license itself and I guess now Like dick said the gas is also being paid in quant Uh, which makes sense, but the total supply of quant is is 14.88 million and Given the potential for the volume of transactions that it's basically built for and intended for Uh, if that is realized that basically means that this token could Be the highest value token Right. Yeah, it is by a long shot the entire clearinghouse is about to be facilitated to an on chain connection through quant Like the entire clearinghouse we're talking You know trillions hot no hundreds of trillions like yeah, it's it's basically Yeah, it's it's gonna be it's gonna get a send I mean Not financial advice, you know my position which is based on fundamental Technology understanding and banking relationships and financial markets is Just that you know quant is gonna get this and because It's the clearing house. It's like you're taking the clearinghouse and you're putting it on chain Well, where are you putting it on chain through quant? Oh, okay, so quant is the new Web three version of clearinghouse and You know banks will have their own networks. They'll control their own nodes But outside messaging in and out of that bank is gonna be facilitated through quant Yeah, absolutely and even if I mean you look back to 2021 Quant actually saw higher prices than we're seeing right now And its capabilities aren't nearly what it is today. So definitely definitely a huge huge potential here. I'm just confused why the total Why would you build something that's that's meant to be uh, you know such a significant Financial instrument and only have 14 million supply. I don't know It seems kind of Conner is why drives the price of the underlining token up So with a lower supply the demand going up especially the bandwidth the man going up That's gonna drive the licensing fees off that's gonna drive less negotiations and you know certain commitments Anybody who's operating a node for quant that's facilitating Payloads for the clearinghouse is gonna be driving the price of quant up because there's such a Low supply sign and the demand is about to be the entire planet Right, so if if every single bank At least for now in in the US and then eventually you know further Is gonna want you know their own supply of quant then why would it be limited at 14 million like XRPs? You know the supply is significantly higher Well, it doesn't really matter why it's more you know understand It's like more important to understand that a it's gonna happen and then be what does that relationship mean for the token itself Right, so basically you would need an insanely high Price of an individual token and then these transactions would be done and and just fractions of a token Yeah exactly You see the decimal move if the decimal moves on the The price of the the token and I mean just as that decimal moves one decimal Moving is is basically giga-send territory. I mean the clearinghouse is no joke you that's like how many Assets go through the clearinghouse a day like a trillion or so. I mean, it's it's a big Yeah, it's 1.8 trillion a day a day. That's the entire crypto market moving through the clearinghouse a day except Exchange clearinghouse now with quann so that limited supplies Is gonna go nutty which it is going nutty already and it's only been three people who have been on the network It's still it's still in an early developmental Period where you know like we're still 18 months away from banks having their ledger systems on chain But when they come on chain those you know on chain banks at least the rl that which by the way is mostly European bank is gonna be Going through quann so they've already they've already got transactions going in Europe as well Yeah, so the rl and the regulated liability network which is a conglomeration of like 10 or so banks that All have their own trillions of dollars under management are your is basically through the Central bank the I forget the name of the grapefruit the grapefruit and central bank, but The central bank has a relationship with the commercial banks and the commercial banks are in a group of the rl And they do technology development together as like a cohort and that cohort has decided on doing transactions Not only through quann but primarily through quann as a sort of interoperator of Solana aetherium like any chain that exists can run through quann Like you can if it doesn't already exist you could build it so That rl and european banking conglomeration is bringing billions of users and You know hundreds of trillions of dollars eventually online through Quann network as I understand it Yeah, so Thank you've been in in quant for a while it seems um, so you've got the rl and in the uk europe And now you've got the clearinghouse in the us Uh using um quann Are they looking to kind of Take not take over but get into the territory that swift is currently operating so cross border payments, you know well the clearinghouse and swift interoperate so uh, I believe those entities are coming online and it seems like now uh america's banking infrastructure is going to be operating on quann and we already have The rl and Network operating in europe so Basically the biggest financial sectors in the world are going to be running technology through Quann which is in my opinion gigabolish Yeah, that that is gigabolish um the first question that comes to my mind is This kind of seems like um What xrp not exactly was trying to do but um well xrp has a sense of domain xrp has a central bank Relationships so central banks communicating to central banks use xrp's ledger commercial banks, which is the rl and And now america is Is using or excuse me these are at least for the rl and is a commercial bank related so Bank to consumer so they're different banking segments in the banking apparatus one is Central bank to central bank the other is commercial bank to consumer and commercial bank to business So do you do you think that this movement and this the recent news for quann affects xrp at all? Is it is it bullish for xrp in your opinion? Is it is it barish or does it not really affect it much? I'm not too dialed