Live Request price

What Is Request (REQ)

Definition of Request (REQ)

Request (REQ) is a utility token that powers the Request Network, an Ethereum-based decentralized payment system designed for secure, low-cost transactions across global currencies. Request (REQ) originated in 2017 as part of the Request Network protocol, founded by a team including Christophe Lassuyt and Etienne Tatur. The core concept revolves around creating a decentralized platform for invoicing and payments, eliminating third-party intermediaries. It builds on Ethereum's blockchain for transparency and security. The ecosystem includes tools for generating invoices, tracking payments, and integrating with DeFi apps, fostering interoperability among financial applications.

How Does Request (REQ) Work

Operational Mechanisms

Request (REQ) operates on the Ethereum blockchain, using smart contracts to facilitate peer-to-peer payments. Users create payment requests as invoices, which are stored on the blockchain for immutable records.

Consensus and Technical Principles

It leverages Ethereum's Proof-of-Stake (PoS) consensus for validation. Public keys allow users to receive payments without sharing private account details, while private keys secure transactions. The protocol uses IPFS for data storage, enhancing privacy and reducing costs by pushing payments instead of pulling them, minimizing third-party involvement.

How Is New Request (REQ) Created

Issuance and Supply Model

REQ was pre-mined with a total supply of 1,000,000,000 tokens, distributed during its 2017 launch. No new tokens are created through mining.

Mechanisms and Rewards

It doesn't use traditional mining or staking for creation. Instead, tokens are used for anti-spam fees, governance, and staking to participate in network decisions. The model is deflationary in practice due to token burns from fees, with no inflation mechanisms. Rewards come from network participation, like discounts on transactions for holders.

The Use Cases of Request (REQ)

Payments and Invoicing

REQ enables seamless cross-border payments and invoice creation, compliant with global trade laws, ideal for businesses needing secure, documented transactions.

DeFi and Governance

In DeFi, it supports integrated financial tools like instant financing on invoices. Users stake REQ for governance voting, influencing protocol updates. It also powers anti-spam measures and offers discounts, extending to ecosystems involving NFTs or value transfers without intermediaries.

Buy, Send, or Store Request (REQ)

Purchasing Channels

You can buy REQ on platforms like WEEX Exchange or through over-the-counter (OTC) trades. WEEX offers a trusted spot for trading cryptocurrencies with user-friendly features.

Wallets and Security

Store REQ in hot wallets like MetaMask for quick access or cold wallets like Ledger for enhanced security. To send, use a compatible wallet: enter the recipient's address, confirm the amount, and sign with your private key. Always enable two-factor authentication and avoid sharing seed phrases. Register on WEEX Exchange to earn a free 20 USDT bonus, making it a reliable choice for starting your REQ trades. https://www.weex.com/how-to-buy

Pros & Cons / Risks

Advantages

- Decentralization reduces reliance on third parties, lowering costs. - High security through blockchain and smart contracts. - Fast, global payments with invoice tracking. - Interoperability with DeFi apps for broader financial tools.

Risks and Disadvantages

- Price volatility common in crypto markets. - Regulatory uncertainties could impact adoption. - Dependence on Ethereum network fees and congestion. - Technical risks like smart contract vulnerabilities.

Comparison (optional)

REQ vs. Major Alternatives

Compared to Bitcoin, REQ focuses on utility for payments rather than pure value storage, offering invoice features Bitcoin lacks. Versus Ethereum's ETH, REQ specializes in payment protocols, providing niche tools like anti-spam staking, while ETH powers a broader smart contract ecosystem. This positions REQ as a targeted solution for decentralized finance and invoicing.

Conclusion / Next Steps

Future Potential

Request (REQ) shows promise in evolving decentralized payments, with potential growth through DeFi integrations and global adoption. Its focus on secure, efficient transactions could drive value as crypto matures.

Practical Suggestions

Review the original whitepaper for deeper insights. Check the roadmap and join community discussions. For hands-on experience, sign up on WEEX to explore trading—learn more about getting started today.

Market & Ecosystem

Market Cap & Trading Volume

As of September 8, 2025, Request (REQ) has a market cap of $101,708,966 USD and a 24-hour trading volume of $2,693,589 USD, with a recent 0.62% price increase.

Exchanges Where It’s Listed

REQ is available on trusted platforms like WEEX Exchange, offering secure trading options.

Community Size & Activity

The Request community is active on Twitter, Reddit, and Telegram, with discussions around protocol updates and integrations. Engagement remains steady, supporting user-driven development.

Ecosystem Growth

Growth includes partnerships for DeFi tools and increasing developer activity building on the open-source protocol, enhancing interoperability across financial apps.