- What Is Request REQThe Request REQ utility token, launched in 2017, ensures the performance and stability of the Request Network. - The Request Network itself is an Ethereumbased decentralized payment system where anyone can request a payment and receive money through secure means. - It removes the requirement for third parties in order to provide a cheaper, more secure payment solution that works with all global currencies.When a user creates a request for payment, they define to which address the payment needs to be allocated and what the amount is. - The user can also define the terms and conditions of the payment, upgrading a simple request into an invoice. - Once this is completed, the user can share their request to be paid by their counterparty.Every step is documented and stored on the Request network, allowing everyone involved to easily keep track of all the invoices and payments for accounting purposes.Request is also integrated with legislation across the world to remain compliant with the trade laws of each individual country.Who Are the Founders of RequestThe founders of Request are Christophe Lassuyt and Etienne Tatur.Christophe Lassuyt is currently the chief financial officer at Request. - Before this position, he cofounded MONEYTIS.Etienne Tatur is the chief technical officer of Request. - Prior to this, he also cofounded MONEYTIS and worked as a lead developer at QOBUZ, a music streaming service.What Makes Request UniqueThe payments on Request are performed by simply sending an invoice through the blockchain; the counterparty can then detect the request and pay it with one click in a peertopeer manner. - The fact that the payments are pushgenerated instead of pullgenerated is one of Request’s key advantages. - There is no need for users to share their account information. - The use of blockchain technology also eliminates the need for thirdparty processors, resulting in a reduction in transaction costs.The Request Network leverages decentralized blockchains such as Ethereum and IPFS for an increased level of security, #privacy and data ownership for the enduser. - The platform does have transaction fees, which is a cost that is required to broadcast a change to the blockchain network. - The transaction fees are used to incentivize miners to reach consensus on the state of the network.REQ can be stored on wallets such as Metamask, MyEtherWallet, Ledger, imToken, Trezor, Atomic Wallet, Jaxx Liberty and Trust Wallet.How Many Request REQ Coins Are There in CirculationREQ is an ERC20 token that can be spent to use the Request Network.A portion of the REQ fee is burned at a rate that is determined by the current supply and the exchange rate with other currencies.Request’s REQ circulating supply is at 999,912,165 REQ as of February 2021 and the maximum supply is 999,983,984 tokens.How Is the Request Network SecuredREQ is an ERC20 token based on the Ethereum platform. - The requests made with REQ are stored on an immutable digital ledger. - This ledger also serves as proof for all auditing purposes..
Summary of the coin Request
market value (Market Capital) Ranked 469
Current Price: 0.13 $USD (-6.17%) highest price statistics: 1.06 $USD total number of coins(Supply): 1,000,000,000.00 coin circulated (Circulated): 768,744,112.15 coin
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