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What is Request (REQ)?

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Name:Request
Ticker:
Introduction:

What is Request (REQ)?

REQ is a widely recognized cryptocurrency that can be found on various reputable exchanges such as Coinbase, Binance, crypto.com, and Bancor, among others. The REQ token serves as the driving force behind the Request Network open-source protocol, which employs a number of mechanisms such as anti-spam, governance, staking, discounts, and independency to ensure smooth and secure transactions.

The Request Network is a decentralized payment system that allows anyone to request and receive payments securely without the need for third-party intermediaries. The Request (REQ) token, launched in 2017, serves as the backbone of the network, ensuring its performance and stability. Users can create payment requests and define the payment terms and conditions, which can then be upgraded into invoices. Every step of the process is documented and stored on the Request network for easy accounting and tracking purposes. The network is also compliant with legislation in different countries.

Who are the Founders of Request?

Request Network is a decentralized protocol that allows anyone to contribute to its development. Pull requests can be submitted on Github. The team behind Request includes Christophe Lassuyt, who is currently the main community manager. He has been an entrepreneur in crypto and web3 industries for over eight years and is also a Ycombinator Alumni. Meanwhile, Etienne Tatur is the chief technical officer of Request. He participated in Ycombinator Winter 2017 and has been creating projects in the web3 industry since 2014.

How does Request (REQ) Work?

Sending payments on Request is as simple as sending an invoice through the blockchain. The counterparty can then detect the request and pay it with one click in a peer-to-peer manner. This push-generated approach eliminates the need for users to share their account information and reduces transaction costs by eliminating third-party processors.

In addition to this, apps built on top of Request Network's open-source protocol offer users a suite of financial tools that work with each other. This collaborative approach is the opposite of the capitalistic and siloed web2 industry. For instance, a company can create an invoice from an app, a second app can receive the payment request and allow it to be paid, and a third DeFi app can provide instant financing for the invoice.

Request Network leverages decentralized blockchains such as Ethereum and IPFS for enhanced security, privacy, and data ownership for the end-user. The platform does have transaction fees, which incentivize miners to reach consensus on the network's state. REQ can be stored on various wallets, including Metamask, Argent, MyEtherWallet, Ledger, imToken, Trezor, Atomic Wallet, Jaxx Liberty, and Trust Wallet.

How is the Request Network Secured?

REQ is an ERC-20 token that operates on the Ethereum platform. When requests are made with REQ, they are recorded on an immutable digital ledger, which serves as proof for all auditing purposes.

Conclusion

In conclusion, Request (REQ) is a promising cryptocurrency that offers a decentralized payment system with enhanced security and transparency. With its ability to eliminate intermediaries and reduce transaction costs, REQ provides a versatile option for decentralized transactions that can be stored in various wallets.

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Current price:
All-time high:$1.18
All-time low:$0.004651

REQ supply and tokenomics

Circulating supply:769,291,200 REQ
Total supply:999,514,641.12 REQ
Max supply:0 REQ
Market cap:$88.22M
Fully diluted market cap:$114.62M

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What is the development prospect and future value of REQ?

The market value of REQ currently stands at $88.22M, and its market ranking is #491. The value of REQ is not widely recognized by the market. When the bull market comes, the market value of REQ may have great growth potential.

As a new type of currency with innovative technology and unique use cases, REQ has broad market potential and significant room for development. The distinctiveness and appeal of REQ may attract the interest of specific groups, thereby driving up its market value.

What will the price of REQ be in 2025?
Based on REQ's historical price performance prediction model, the price of REQ is projected to reach $0.1508 in 2025.
What will the price of REQ be in 2030?
In 2030, the REQ price is expected to change by -15.00%. By the end of 2030, the REQ price is projected to reach $0.2896, with a cumulative ROI of +155.00%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of REQ and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is REQ worth investing or holding? How to buy REQ from a crypto exchange?

If you want to buy REQ, the following information may be helpful for your investment decisions:
In the last 7 days, the price of REQ has fallen by -18.03%, leading to negative returns for most REQ investors. The market is currently pessimistic about the price trend of REQ.
It is important to note that the current price of REQ has retreated by -90.32% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether REQ is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in REQ or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of REQ, if you want to buy or sell REQ, you can consider Bitget for your trading needs. The best place to buy REQ is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Request has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Request. Here's a step-by-step guide on how to buy Request on Bitget.

How to get Request through other methods?

Using cash to buy Request is not the only way to obtain Request. If you have the time to spare, you can get Request for free.
Learn how to earn Request for free through the Learn2Earn promotion.
Earn free Request by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Request airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Request through Bitget Convert, Bitget Swap, or spot trading.

What is Request used for and how to use Request?

The use case of Request may expand as the crypto market and the project itself develop. Currently, you can use REQ to achieve the following goals:
Arbitrage by trading REQ: Since REQ is a frequently traded cryptocurrency, the price of REQ is always fluctuating. Earn more REQ by buying low and selling high on the exchange. Bitget spot market provides a variety of REQ trading pairs to fully meet your needs.
Earn by staking REQ: You can also generate income through financial management methods such as staking REQ or lending REQ. Bitget Earn offers a variety of financial products designed to help you earn more income from your REQ.
Send or pay REQ: If you want to give REQ to your friends, a charity, or a fundraiser, or you want to pay someone with REQ, you can quickly and easily send REQ to the recipient through their payment address.
You can also go to the official website of the Request project to learn more about the use cases of REQ. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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REQ resources

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REQ price calculator

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REQ
USD
1 REQ = 0.1146 USD
Last updated (UTC-0)
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