$0.117460

24H %

-2.01%

24H Low

$0.11

24H High

$0.12
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About Request

Category


Request Value Proposition


REQ is the native cryptocurrency of the Request project.

Request is an Ethereum-based decentralized payment system that facilitates the exchange of money without third parties. Transactions on the Request Network are immutably recorded, and users can pay and/or get paid in digital currencies of many other networks, according to the company’s website.

REQ price

REQ is the utility token that powers the Request Network. It was launched in 2017 and is intended to ensure the performance and stability of the network. Miners are charged a fee when a payment is created, which is then stored on an Ethereum smart contract.

The fees, paid out in REQ, are burned periodically to lower the amount of REQ in existence. Theoretically, the controlled supply and network demand (via potential use cases) could justify the value of the token.

A total of 999,876,008.01 REQ are in circulation out of a maximum supply of 999,877,117 REQ.

On its Oct. 20, 2017, launch, REQ changed hands at $0.05684.

Prices for REQ reached an all-time high of $1.18 on Jan. 6, 2018, and collapsed to just slightly above $0.02 a year later. It suffered an all-time low of $0.004651 on March 13, 2020, during the COVID-19 panic selling on that day. It subsequently rebounded to as high as $1.08 on Nov. 25, 2021.

How does Request work?

Over 1,000 companies and decentralized autonomous organizations (DAOs) use Request to facilitate decentralized payments, according to the company’s website. The system also automates real-time global accounting, replaces an entire branch of the audit, eliminates manual tax collection and simplifies international payments, according to Request’s whitepaper.

The whitepaper also states that Request “replaces payment systems such as PayPal.” Automation and efficient invoicing are the main value propositions for Request.

Key events and management

Christophe Lassuyt, who is chief financial officer, and Etienne Tatur, who serves as chief technology officer, are the founders of Request.


Request Market Cap

$117.44M

Request 24H Volume

$2.32M


Request Price

24H Open
$0.119994
24H Change
$-0.002415
52 Week Low
$0.050742
52 Week High
$0.789139
All Time High
$1.06
Returns (YTD)
-69.47%

Request Market Stats

Total Supply
999.85M
Max Supply
1.00B
24H Value Transacted
N/A
30D Volatility
1.50
24H Transaction Count
N/A
24H Average Transaction Fee
N/A

About Request

Category


Request Value Proposition


REQ is the native cryptocurrency of the Request project.

Request is an Ethereum-based decentralized payment system that facilitates the exchange of money without third parties. Transactions on the Request Network are immutably recorded, and users can pay and/or get paid in digital currencies of many other networks, according to the company’s website.

REQ price

REQ is the utility token that powers the Request Network. It was launched in 2017 and is intended to ensure the performance and stability of the network. Miners are charged a fee when a payment is created, which is then stored on an Ethereum smart contract.

The fees, paid out in REQ, are burned periodically to lower the amount of REQ in existence. Theoretically, the controlled supply and network demand (via potential use cases) could justify the value of the token.

A total of 999,876,008.01 REQ are in circulation out of a maximum supply of 999,877,117 REQ.

On its Oct. 20, 2017, launch, REQ changed hands at $0.05684.

Prices for REQ reached an all-time high of $1.18 on Jan. 6, 2018, and collapsed to just slightly above $0.02 a year later. It suffered an all-time low of $0.004651 on March 13, 2020, during the COVID-19 panic selling on that day. It subsequently rebounded to as high as $1.08 on Nov. 25, 2021.

How does Request work?

Over 1,000 companies and decentralized autonomous organizations (DAOs) use Request to facilitate decentralized payments, according to the company’s website. The system also automates real-time global accounting, replaces an entire branch of the audit, eliminates manual tax collection and simplifies international payments, according to Request’s whitepaper.

The whitepaper also states that Request “replaces payment systems such as PayPal.” Automation and efficient invoicing are the main value propositions for Request.

Key events and management

Christophe Lassuyt, who is chief financial officer, and Etienne Tatur, who serves as chief technology officer, are the founders of Request.


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Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.