Price Data, Market Cap & News for Request ($REQ) Cryptocurrency

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An Overview of Request

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Overview of Request

Introduction to Request

Request, also known as REQ, is a decentralized payment system that operates on the Ethereum blockchain. Launched in 2017, it offers a secure and cost-effective solution for making payments in all global currencies. It eliminates the need for intermediaries, making transactions cheaper and more secure. The system allows anyone to request a payment and receive money through secure means.

The Creators of Request

The Request Network was created by Christophe Lassuyt and Etienne Tatur. Lassuyt, a Ycombinator Alumni, has been an entrepreneur in the crypto and web3 industries for over eight years and currently serves as the main community manager at Request. Tatur, the chief technical officer of Request, has been creating projects in the web3 industry since 2014.

Token Supply

The REQ token, which powers the Request Network, had an initial supply of 1,000,000,000. As of now, the supply has decreased proportionally to the adoption down to 999,877,117. The tokens are available for exchange on mainstream cryptocurrency exchanges and decentralized alternatives.

Where to Purchase Request

REQ tokens can be purchased on several platforms, including Coinbase, Binance, and Decentralized alternatives also support REQ, allowing you to seamlessly exchange REQ directly from your own wallet.

Common Uses of Request

Request is primarily used for making payments. Users can create a request for payment, define the payment address and amount, and even set the terms and conditions of the payment. This process turns a simple request into an invoice. All transactions are documented and stored on the Request network, making it easy for users to keep track of invoices and payments for accounting purposes.

Latest News and Developments

Request continues to evolve with new developments and advancements. It is integrated with legislation across the world to remain compliant with the trade laws of each individual country. The platform leverages decentralized blockchains such as Ethereum and IPFS for increased security, privacy, and data ownership for the end-user. Transaction fees are used to incentivize miners to reach consensus on the state of the network.

Apps are being built on top of the Request Network open-source protocol, providing users with a suite of financial tools. For example, a company can originate an invoice from an app, a second app receives the payment request, allowing it to be paid, and then the invoice can draw on instant financing on a third DeFi app.

Request's Ecosystem Expansion

Recent news about Request highlights its ecosystem's continuous growth. The Request Fund was relaunched to support early-stage projects promoting transparency and real-time reporting. The total number of wallets using Request also increased. Moreover, Request Finance, the first successful app built on the Request Network protocol, has expanded its services to over 2,000 companies, DAOs, freelancers, and web3 native projects.

Technological Developments

Request has made significant strides in technological development. It introduced public CodeSandBox examples, allowing builders to experiment with the Request Network software without setting up a local test environment. Additionally, Batch Payments were introduced to simplify and streamline multiple payments processing, enhancing user efficiency and flexibility.

Team Expansion and Community Engagement

Request has also expanded its team with new hires, such as Alex Stoicescu as Communications & Community manager and Francisco Pinto as Protocol Lead. The team's expansion aims to inspire more people to embrace decentralized technologies. Furthermore, Request has been actively engaging with its community through AMA sessions, addressing questions about the future of the Request Network protocol.

Request's Market Presence

Request's market presence has grown with its listing on the Polygon network and major exchanges like QuickSwap, ApeSwap, and Uniswap. This development has made it easier for those wondering where to buy Request. Additionally, Request has partnered with The Graph, an indexing protocol for querying blockchain data, further enhancing its services.