Question 1

Has the price of Request (REQ) seen any changes recently?

Accepted Answer

Today, the price of Request (REQ) is ADA 0.29643588, representing a +0.49% trend in the last 24 hours.

Question 2

What exactly is Request (REQ)?

Accepted Answer

Request (REQ) is a utility token used within the Ethereum-based Request Network. The network acts as a decentralized payment system, allowing users to request payments and transfer funds securely, without the involvement of any third parties. Payment requests can be created by defining the payee, the payment amount, and, if necessary, attaching the terms and conditions. Request network maintains a complete record of all transactions, making accounting a breeze for all involved parties. The platform is designed to comply with international trade laws, hence compatible with legislation across different countries.

Question 3

Who established Request Network?

Accepted Answer

Request Network was founded by Christophe Lassuyt and Etienne Tatur. Both Lassuyt, now the chief financial officer at Request, and Tatur, the current chief technical officer, were former co-founders of MONEYTIS. Tatur also held a lead developer post at a music streaming service called QOBUZ.

Question 4

What makes Request (REQ) unique?

Accepted Answer

The unique selling point of Request is its secure, peer-to-peer invoicing capability that eliminates the need to share personal account information. Invoices are sent via blockchain, and the recipient can detect and pay them easily. This differs from traditional systems where payments are 'pulled,' adding an extra layer of financial privacy to the Request Network. Furthermore, Request Network leverages blockchains such as Ethereum and IPFS to provide robust security, privacy, and data ownership control to end-users. Although the platform has transaction fees, these costs are used to incentivize miners to maintain the network's state consensus. Users can store REQ tokens in wallets such as Metamask, MyEtherWallet, Ledger, imToken, Trezor, Atomic Wallet, Jaxx Liberty, and Trust Wallet.

Question 5

How much Request (REQ) is currently in circulation?

Accepted Answer

Request’s (REQ) circulating supply is around 744.3M, and it has a maximum supply limit of 999.4M tokens.

Question 6

How does the Request Network ensure security?

Accepted Answer

Request (REQ) is built on the Ethereum platform and adheres to the ERC-20 token standard. All transactions conducted using the REQ token are kept on an immutable blockchain ledger which not only enhances security but also serves as an auditable archive for every transaction.

Convert REQ to ADA

Try our Crypto Pro app