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Summary of Request (REQ)
Key Points
- REQ is listed on Coinbase, Binance, crypto.com, KuCoin, and other exchanges.
- The REQ token powers the Request Network open-source protocol.
- Request Network is an Ethereum-based decentralized payment system.
- The original whitepaper is available.
- REQ token ensures performance and stability of the Request Network.
Founders and Team
- Founders: Christophe Lassuyt and Etienne Tatur.
- Both are YCombinator alumnis.
- Christophe Lassuyt is president of the board at the Request
About This Request
What is Request (REQ): A Comprehensive Overview
REQ is proudly listed on esteemed exchanges, including Coinbase, Binance, Crypto.com, KuCoin, and numerous others.
The REQ token serves as the driving force behind the Request Network’s open-source protocol, facilitating a multifaceted ecosystem through several key mechanisms: anti-spam protection, governance, staking, discounts, and independence.
The Request (REQ) utility token, introduced in 2017, underpins the seamless operation and stability of the Request Network. This Ethereum-based decentralized payment system empowers anyone to initiate payment requests and receive funds securely. By eliminating the need for intermediaries, it offers a more affordable and secure payment solution, compatible with all global currencies.
The seminal whitepaper that laid the foundation for our project can be accessed
here
.
When a user initiates a payment request, they specify the designated address for allocation and the exact amount. Additionally, they can outline the terms and conditions of the payment, effectively elevating a simple request into a comprehensive invoice. Upon completion, the user can share their request with their counterparty to facilitate payment.
Each step is meticulously documented and securely stored on the Request Network, thereby enabling all parties involved to effortlessly monitor and access a comprehensive record of invoices and payments, facilitating seamless accounting and reconciliation.
In addition to its robust features, our request system is also meticulously aligned with global legislative frameworks, ensuring seamless compliance with the trade laws of every individual country.
The Visionaries Behind Request: Meet the Founders
Request Network is a decentralized protocol, open to collaborative development, where anyone can contribute to its evolution and submit pull requests on Github. Founded by Christophe Lassuyt and Etienne Tatur, this innovative platform embodies the spirit of decentralized collaboration.
Christophe Lassuyt presently serves as President of the Board at the Request Network Foundation, while Etienne Tatur holds the position of Vice-President of the Board. Notably, both esteemed individuals are esteemed alumni of YCombinator. For a comprehensive overview of the current team, please refer to
this page
.
Unveiling the Uniqueness of Request Network
On the Request Network, payments are facilitated through the seamless transmission of invoices via blockchain technology. Upon receipt, the counterparty can effortlessly settle the request with a single click, fostering a peer-to-peer transaction. A key differentiator of Request Network lies in its push-generated payment model, eliminating the need for users to divulge sensitive account information. Furthermore, the integration of blockchain technology obviates the requirement for third-party processors, thereby significantly reducing transaction costs.
Furthermore, applications built on top of the open-source Request Network protocol offer a significant advantage to their users. Specifically, users can seamlessly interact with a comprehensive suite of financial tools that are designed to work in harmony with one another. This collaborative approach stands in stark contrast to the fragmented and proprietary nature of the web2 industry, where apps often operate in isolation. For instance, a company can originate an invoice through one app, which is then received by a second app, enabling payment processing. Subsequently, the invoice can be instantly financed through a third DeFi app, fostering a seamless and interconnected experience.
Request Network harnesses the power of decentralized blockchains, including Ethereum and IPFS, to provide an elevated level of security, privacy, and data ownership for the end-user. The platform does incur transaction fees, a necessary cost to broadcast changes to the blockchain network. These fees serve as an incentive for miners to reach a consensus on the network’s state, ensuring the integrity of the decentralized ecosystem.
REQ can be securely stored in a variety of digital wallets, including Metamask, Argent, MyEtherWallet, Ledger, imToken, Trezor, Atomic Wallet, Jaxx Liberty, and Trust Wallet, among others.
What Is the Circulating Supply of Request (REQ) Coins?
REQ is an ERC-20 token that serves as the gateway to unlocking the vast potential of the Request Network, where it can be utilized to facilitate seamless interactions.
The initial supply of REQ tokens was capped at 1,000,000,000. For the current supply, please refer to the community dashboard.
The REQ tokens are readily available for exchange on prominent open markets through reputable cryptocurrency exchanges. Additionally, decentralized alternatives also provide support for REQ, enabling seamless direct exchange from your personal wallet. It is essential to verify that the REQ address corresponds to this specific one: 0x8f8221afbb33998d8584a2b05749ba73c37a938a. Notably, on Polygon, the address is 0xb25e20de2f2ebb4cffd4d16a55c7b395e8a94762.
Ensuring the Integrity of Request Network: A Multilayered Security Framework
REQ is an ERC-20 token built upon the Ethereum platform, leveraging its robust infrastructure. The requests facilitated by REQ are meticulously recorded on an immutable digital ledger, which concurrently serves as indelible proof for all auditing purposes.
Acquiring Request (REQ): A Comprehensive Guide to Exchanges and Marketplaces
Request (REQ) is widely available for trading on numerous prominent exchanges, including Binance, Coinbase, KuCoin, and many others.