Request Price

Request (REQ) is a cryptocurrency that powers the Request Network, a decentralized payment system built on blockchain technology. Currently ranked #461 on CoinMarketCap, Request facilitates financial transactions without intermediaries. The token is primarily used for: • Network governance • Transaction fee payments • Staking to secure the network • Incentivizing participants Request operates on the Ethereum blockchain as an ERC-20 token and has expanded to the Polygon ecosystem. With a current price of $0.07062 and a market cap of $52.56M, Request has seen +0.77% change in the last 24 hours. The token has a total supply of 999,433,594 REQ with 824,211,684 tokens in circulation. Request is particularly focused on payment solutions in the DeFi space, allowing businesses to request payments and issue invoices on the blockchain.

Request was created on September 12, 2017. It was launched as an ERC20 token on the Ethereum blockchain, designed to facilitate payment requests and financial transactions in a decentralized manner. Request serves as the utility token for the Request Network, which aims to modernize payment systems and financial processes through blockchain technology. Since its creation, Request has evolved to support various use cases in the DeFi ecosystem, particularly in payment processing and invoicing solutions.

Request was founded by Christophe Lassuyt and Etienne Tatur, who established the Request Network Foundation in 2017. These entrepreneurs previously co-founded Moneytis, a money transfer comparison service, which gave them valuable experience in financial technology before launching Request. The project officially launched on the Ethereum blockchain in October 2017 following a successful ICO. The founding team's vision was to create a decentralized network for payment requests that would simplify and secure financial transactions in the cryptocurrency space.

Request operates as a decentralized payment protocol built on the Ethereum blockchain. The system allows users to request and receive payments in various cryptocurrencies through a simple request-based framework. When using Request, a user creates a payment request specifying the recipient's wallet address, amount, and preferred cryptocurrency. The recipient receives this request and can approve the transaction, which is then executed on the blockchain. REQ tokens serve multiple functions within the ecosystem: - Transaction fees: Users pay network fees with REQ - Governance: Token holders can vote on protocol upgrades - Collateral: In certain DeFi applications within the ecosystem The protocol supports cross-currency payments, allowing requests in one cryptocurrency to be paid in another. With a current price of $0.07062 and market cap of $52.56M, Request has established itself as a payment solution focusing on invoicing, accounting integration, and business transactions in the Web3 space. The network's smart contracts are audited for security, and the protocol continues to expand its features and partnerships across the DeFi ecosystem.

Request operates on a multi-layered technical architecture built primarily on the Ethereum blockchain. At its core, it uses ERC-20 smart contracts for token functionality and transaction processing. The architecture consists of: 1. Core Layer: Handles the fundamental protocol logic, request creation, and payment processing 2. Request Logic Layer: Manages the business rules and payment request workflows 3. Action Layer: Executes specific operations based on payment status 4. Extension Layer: Allows for additional functionality through modular components Request also supports cross-chain functionality with implementation on Polygon, enabling lower transaction costs and faster processing. The network uses a decentralized oracle system to verify off-chain data and employs IPFS for storing larger data components. This architecture enables Request to function as a decentralized payment request system with robust financial automation capabilities.

Request has a promising future with a clear roadmap focused on expanding its payment request ecosystem. The project aims to enhance its decentralized network capabilities while improving cross-chain functionality. By 2027, Request plans to implement advanced smart contract features and expand its enterprise solutions. The team is working on strengthening partnerships with major payment processors and e-commerce platforms to increase adoption. The roadmap includes technical upgrades to improve transaction speeds and reduce fees, making Request more competitive in the DeFi and payments space. With its current price at $0.07062 and market cap of $52.56M, Request is positioned to grow as it implements these developments. The protocol will continue focusing on its core mission of simplifying payment requests while expanding into new use cases across the Ethereum and Polygon ecosystems.