FLIP to QNT: Swap Chainflip for Quant on Ethereum, No KYC

Chainflip's FLIP is the bonding token for the validators that run Chainflip's native cross-chain swaps. Quant's QNT is the access token for Overledger, the software Quant licenses to businesses and developers who connect several ledgers together. One token backs a live swap protocol; the other is tied to enterprise licensing and a deliberately small supply.

Holders tend to make this move for one of two reasons. Some are taking profit from a validator or liquidity position and want to park it in a token with a longer enterprise track record. Others simply want to change their mix of Ethereum infrastructure tokens without leaving the chain.

Whatever the reason, the mechanics stay plain. GhostSwap receives an ordinary FLIP transfer and sends back an ordinary QNT transfer. There is no token approval to sign, no smart contract to connect to and no account to open.

FLIP can sit in two places. In an Ethereum wallet it is a normal ERC-20 balance that you can transfer at once. Funded to a Chainflip State Chain account, it is out of your wallet and cannot be sent to any deposit address until you redeem it.

A redemption runs through a waiting period and then has to be executed on Ethereum within a set window, or it lapses. Plan for that before you open the exchange box, because the quote you see is only for FLIP that is already liquid at a 0x address you control.

When the FLIP is back in MetaMask, Rabby or a Ledger, confirm the wallet is on Ethereum mainnet, not a layer 2 view. Then check the ETH balance. The FLIP transfer burns a little ETH as gas, and a wallet with FLIP but no ETH will simply refuse to send it.

QNT arrives as the original ERC-20 token on Ethereum mainnet. Its address format matches FLIP: 0x followed by 40 hexadecimal characters. In practice that means the wallet that sends the FLIP can also be the QNT destination, which removes one copy-and-paste step.

Many wallets hide tokens they have not seen before, so a fresh QNT balance may not show up right away. Paste your address into Etherscan instead. If the incoming QNT transfer is listed there, the tokens are yours; open the token page from that transfer and use its contract link to add QNT as a custom asset in your wallet.

Only paste a receive address from a wallet you hold the keys to. A shared deposit address that belongs to a trading account may credit the QNT late or not at all, because it expects transfers in a particular way.

Sharing a chain removes the classic wrong-network mistake, but it creates a quieter one. Because FLIP and QNT addresses look identical, someone may send FLIP straight to their own QNT address and expect a conversion. That only moves FLIP from one place to another. The conversion happens only when FLIP goes to the one-time deposit address that the swap gives you.

Type a FLIP amount and the box shows how much QNT you get after fees. Pricing comes from aggregated liquidity from leading crypto markets, and the rate floats with the market until your FLIP deposit confirms. The box also lists this pair's minimum and maximum, so check them there rather than guessing.

Your FLIP transfer gets its Ethereum confirmations in about 2 to 5 minutes. From that point, most swaps finish within minutes, and the QNT payout is a second Ethereum transaction that needs another 2 to 5 minutes of confirmations.

No sign-up is part of the process. GhostSwap is a no-KYC crypto exchange: no email, no ID, no account. Ethereum gas swings with demand, so if your FLIP balance is small, a quieter hour can make the deposit noticeably cheaper. The gas fee guide explains how to pick one.

Use an address you control as the sender address. On this pair the cleanest choice is the same 0x wallet that receives the QNT. If a swap cannot be completed, the coins are refunded to the sender address you entered.

Each swap has a status page tied to its swap ID, and Etherscan shows both sides: the FLIP leaving your wallet and the QNT coming back. Match the hash in your wallet history with the one on the status page.

Should the FLIP transfer be confirmed while the status page stays still for a long time, write to support@ghostswap.io with the swap ID and the transaction hash. Do not send a second batch of FLIP to the same deposit address to push things along. When you later want FLIP again, the QNT to FLIP page handles the reverse direction.