1D
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Request Network (REQ)REQ
$0.55219
3.98%
Request Network (REQ)
REQ Price
$0.55219
3.98%
Rank
#170
Market Cap (24H)
$426.18M
3.98%
Volume (24H)
$130.87M
30.14%
Circulating Supply
771,800,862
Transp. Vol.
75%
Grade
B gradeB grade
1H1D1W1M1Y
-1.83%+3.98%+22.55%+149.82%+2,140.78%
ETH0x8f822...37a938a
ETH
Verify address & DYOR
Contract
ETH0x8f822...37a938a
ETH
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttps://request.network/
CommunityTwitterRedditTelegramGithubFacebook
Request, formerly called Request Network, (REQ) is a decentralized platform for transaction requests. Anyone will be ab...Read more
Request Network logo
REQ
United States Dollar logo
USD

Request Network Price (REQ)

REQ Daily Performance

Today's Request Network price is $0.55219, which is up 4% over the last 24 hours. Request Network's market cap is $426.18M. 24 hour REQ volume is $130.87M. It has a market cap rank of 170 with a circulating supply of 771,800,862 and max supply of 999,877,116. Request Network is traded on exchanges. Request Network had an all-time high of $0.971556 almost 4 years ago. Over the last day, Request Network has had 75% transparent volume and has been trading on 120 active markets with its highest volume trading pairs being .

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Request Network Statistics

Summary
Request Network Price (24hr)$0.55219 (3.98%)
Market Cap$426.18M (3.98%)
Trading Volume (24hr)$130.87M (30.14%)
Transparent Vol. (24hr)
$98.04M75% (29.86%)
Transparency GradeB gradeB grade(Good)
Circulating Supply771,800,862 (77.19%)
7D Price Prediction
N/A
API Coverage
1st 1D CandleOct '17
1st TradeOct '17
1st OrderbookAug '18
Exchanges44
Trading Pairs120
Updated50 seconds

Price

$0.55219
Price Change
$0.021129 (3.98%)

All-Time High

$0.971556
Date of ATH1/6/2018
Days Since ATH1431
% of ATH56.84%
Price vs ATH

Market Cap

$426.18M
Mkt Cap Change
$16.31M$16,307,536 (3.98%)
Mkt Cap Rank170
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

771,800,862
Max Supply999,877,116
% in Circulation77.19%
% in Circulation

Volume

$130.87M$130,867,188
Vol. Change
$30.31M$30,307,082 (30.14%)
Exchange VolumeUnknown

Transparent Volume

75%
Transparent Volume (Δ)
29.86%
Transparent Volume
A - 75%
B - 4%
C - 15%
D - 6%

About Request Network

Request, formerly called Request Network, (REQ) is a decentralized platform for transaction requests. Anyone will be able to create, store, and access invoices and receipts using the Request protocol. To participate in the Request network, users must use the REQ ERC-20 token built on the Ethereum blockchain. REQ tokens can also be used to create advanced requests on the network as well as reward parties who help build the Request ecosystem. According to the white paper, the ambitious goals of the project are to automate real-time global accounting, eliminate manual tax collection, simplify international payments, allow machines to communicate using the same decentralized ledger, and replace payment systems such as Paypal. The project claims to be cheaper, faster, and more secure than centralized payment processors.

Christopher Lassuyt and Etienne Tatur founded Request in 2017 after leaving Moneytis, a global money transfer platform that they co-founded in 2015. While working on Moneytis, Lassuyt and Tatur found that invoices were the majority of cross country money transfers. They believed that blockchain technology could simplify the process so they pivoted and created Request. The company is registered in Singapore but is headquartered in Berlin, Germany.

The Request protocol consists of 3 layers. The core layer holds the basic smart contracts used to create and detect payment requests. The extensions layer is an open layer that allows for various payment conditions (e.g., payment terms, advances, escrows, and taxes). Finally, the application layer is the outermost layer which takes place outside the blockchain. Here, the various systems from different financial organizations can connect to the Request network to obtain invoices and facilitate payments.

The protocol works as follows: a payee makes a payment request via the network. The payer, upon accepting the request, pays the payee through the same network. Both the request and payment are registered as a single ledger entry on the blockchain. While all data is saved on a public blockchain, it is secured using elliptic-curve encryption so that it can only be read by the parties involved in the transaction. Because payment information is never shared between the two parties, sensitive financial information is not at risk of being stolen.

Request uses a proof-of-stake (PoS) consensus algorithm to secure its blockchain. The REQ token will act as an intermediary for cross-currency exchanges and will also be used to form governance for the decentralized platform.

The project completed their ICO on October 2017 and raised $33 million. 50 percent of the total supply were given to participating investors. Early backers and contributors received 20 percent. Request retained 15 percent of the total supply which will be used for further protocol development. The last 15 percent was allocated to the team and advisors with a 2-year lock-up period.

In March 2018, the Request Protocol officially launched on the Ethereum mainnet. In addition, the team also released a JavaScript library so that developers could expand coin support to include Bitcoin and all other ERC-20 tokens.

In June 2019, Request released the Request API which will allow developers to use the core Request protocol functionality without learning any new development skills. This lowers the entry point for developers to connect their product or service to the Request network.

In August 2019, the project launched version 2 of the Request Protocol on the Ethereum mainnet.

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Request Network Markets

(Top 10)
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Request Network Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current Request Network price? How much is 1 Request Network worth?

    The price of 1 Request Network is $0.55219. Over the last 24 hours, a Request Network is worth 3.98% more. Visit our currency converter page to convert REQ prices to currencies other than USD.
  • When did Request Network start?

    The earliest trading data for Request Network is on October of 2017 (based on current exchange data).
  • How high can the Request Network price go?

    Request Network’s price has gone as high as $0.971556 (which is REQ’s all-time high). It achieved this price almost 4 years ago. Speculations abound for how high Request Network’s price will get in the future.
  • What's the smart contract address for Request Network?

    Request Network's smart contract address is 0x8f8221afbb33998d8584a2b05749ba73c37a938a.

Today's REQ / Request Network News for December 7, 2021

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