The QNT smart contract displays a theoretical maximum supply of 45,467,000 tokens. However, as clarified by the Quant team, this number was never actually minted or issued. It represents the forecasted supply outlined in their business paper, not the real-world token supply. The team explicitly stated that they only created tokens necessary for the Token Generation Event (TGE) and the reserve allocation, leaving the remainder uncreated and permanently inaccessible.

Following the TGE, the Quant team reported a total issued supply of 24,431,259 QNT, including tokens sold to the public (9,964,259 QNT) and company reserves (14,467,000 QNT). As part of their process, they did not mint unsold tokens, ensuring that the theoretical maximum supply would remain higher than the actual supply.

In our calculations conducted in November 2022, we identified a total of 24,400,000 QNT tokens existing across all wallets. This figure, referred to as the issued supply, aligns closely with the team's statements and forms the basis of our current reporting. From this issued supply, we subtract the burned tokens to calculate the updated total supply.

The discrepancy between the theoretical supply on the contract and the actual issued supply results from the Quant team’s decision to limit token creation during the TGE. While the smart contract cannot be updated to reflect this, our methodology ensures that only the accurate, real-world token supply is presented, offering transparency and clarity to the community.