Quanto

As of November 12th, trading on Quanto will halt as we take time to transition into a new product suite. All open positions and pending orders will be closed and canceled at 05:30 UTC. This also means QTO debt will be settled; the settlement price of all QTO debt will be $0.0012. After trading halts, the site will be live with full withdrawal functionality at https://t.co/p7Eq05AFLO, allowing users to claim deposits. This is a strategic decision to rebuild the product into a more sustainable model with stronger product market fit. Despite the attention Quanto received over the past four months, platform volumes and user growth have remained below expectations. Even with innovative features such as multi-collateral trading, NFT & LP collateralization, and memecoin perpetuals, adoption did not reach the level needed for long-term scalability. The decision follows a period of review in which we observed strong community engagement but limited trading retention and liquidity depth, prompting a pivot toward a design that better aligns incentives between traders, LPs, and token holders. We remain committed to the vision of bringing the most flexible exchange model available to the industry. The team remains available at: Twitter: @quanto Support: https://t.co/ZmZGWTaLLq Discord: https://t.co/mQq4fT76ha We sincerely thank every trader, supporter, and partner who’s been part of the journey. More updates to come. Thank you. Note: During the processes outlined above there may be some downtime.