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Request

REQ

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Market

Market stats

Market cap

$87.8M

Volume (24h)

$1.5M

Circulating supply

999.7M REQ

Typical hold time

14 days

Popularity

#354

All time high

$1.18

Price change (1h)

+0.23%

Price change (24h)

+2.21%

Price change (7d)

+9.88%

About Request

REQ is an Ethereum token that powers the Request Network, a protocol for creating and requesting payments. Transactions on Request Network are immutably recorded and requests are processed without an intermediary.

What is Request?

Request, symbolized as REQ, is a utility token that powers the Request Network, an open-source protocol. The Request Network is an Ethereum-based decentralized payment system that allows anyone to request a payment and receive funds through secure means. It eliminates the need for third parties, striving to provide a payment solution that aims to be more cost-effective and aims to enhance security. This solution is compatible with all global currencies. The REQ token, launched in 2017, is intended to contribute to the performance and stability of the Request Network. It is used for various purposes within the network, including anti-spam measures, governance, staking, and discounts.

How does Request work?

The Request Network operates by enabling users to create a request for payment, specifying the address for payment allocation and the amount. Users can also define the terms and conditions of the payment, transforming a simple request into an invoice. Once completed, the user can share their request to be paid by their counterparty. Every step is documented and stored on the Request Network, facilitating easy tracking of all invoices and payments for accounting purposes. Payments on Request are performed by sending an invoice through the blockchain, which the counterparty can detect and pay in a peer-to-peer manner.

What are the potential use cases for Request?

Request Network aims to provide a suite of financial tools that interact with each other, aiming to provide a potential advantage to users. For instance, 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. This interoperability contrasts with the siloed nature of traditional web2 industry, where apps often don't work together. The Request Network also integrates with legislation worldwide to ensure compliance with the trade laws of each individual country.

What is the history of Request?

Request Network is a decentralized protocol, open to contributions from anyone for its development. The founders of Request are Christophe Lassuyt and Etienne Tatur. Lassuyt, a Ycombinator Alumni, has experience in the crypto and web3 industries and contributes to the Request community. Tatur, the chief technical officer of Request, also participated in Ycombinator Winter 2017 and has experience in developing projects in the web3 industry. The REQ token was launched in 2017 and is intended to contribute to the performance and stability of the Request Network.

Social

Some highlights about Request on social media

10 unique individuals are talking about Request and it is ranked #830 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Request has an average sentiment score of 3 out of 5. Finally, Request is becoming more newsworthy, with 0 news articles published about Request. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Request. There were 68.75% of tweets with bullish sentiment compared to 6.25% of tweets with a bearish sentiment about Request. 25% of tweets were neutral about Request. These sentiments are based on 16 tweets.

On Reddit, Request was mentioned in 0 Reddit posts and there were 0 comments about Request. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

10 people

Posts

10 posts

Dominance

0%

Volume rank

#830

Average Sentiment

3 out of 5

Twitter

Coinbase Bytes

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Request is on the rise this week.

The price of Request has risen by 9.88% in the past 7 days. The price increased by 2.21% in the last 24 hours. In just the past hour, the price grew by 0.23%. The current price is $0.0879 per REQ. Request is 92.56% below the all time high of $1.18.

The current circulating supply is 999,702,433.346 REQ.

FAQ

What is the current price of Request?

We update our Request to USD currency in real-time. Get the live price of Request on Coinbase.

What is the market cap of Request?

The current market cap of Request is $87.81M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Request?

The all-time high of Request is $1.18. This all-time high is highest price paid for Request since it was launched.

What is the 24 hour trading volume of Request?

Over the last 24 hours, the trading volume of Request is $1.47M.

What other assets are similar to Request?

Assets that have a similar market cap to Request include OMG Network, Dogelon Mars, XYO, and many others. To see a full list, see our comparable market cap assets.

How many Request are there?

The current circulating supply of Request is 1 billion.

What is the typical holding time of Request?

The median time that Coinbase customers hold Request before selling it or sending it to another account or address is 14 days.

What is the relative popularity of Request?

Request ranks 86 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Request?

Currently, 42% of Coinbase users are buying Request. In other words, 42% of Coinbase customers have increased their net position in Request over the past 24 hours through trading.

Can I buy Request on Coinbase?

Yes, Request is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Request guide.

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