Request Network
The future of commerce
Summary
Request Network is a decentralized platform built upon Ethereum that allows anyone to request peer-to-peer payments. Its goal is to replace payment systems such as PayPal and make the most advanced payment terms available to everyone.
In the near future, instead of using a third party, you’ll create your request directly on the blockchain which will enable a seamless payment experience.
Information
* Note that all data is static of date of article.
Symbol : REQ
Date Started : 20 October 2017
Age :2 months
Listed Start Price : $0.058464
All time High : $0.369818
Current Price : $0.278384
All time Low : $0.039663
Market Cap : $193 224 678
Circulating Supply: 640 739 733 REQ
Total Supply : 999 999 999 REQ
Mineable : No
Website : request.network
Lifetime Price Percentage : 376.16%
Whitepaper : request_whitepaper.pdf
Rating :
Pros & Cons
| Pros | Cons |
|---|---|
| Independence of other currencies | Young and limited team for now |
| Necessary to share banking information | |
| Simplicity, it requires only to click a button | Strong competition (Pillar, OmiseGO, Status…) |
| Purchases don't require a third party | May face regulatory challenges |
| Online payments | Big coin supply |
| B2B invoicing | Team members working on 2 projects simultaneously |
| Automation of jobs: Accounting, Audit, Expenses | |
| Simplification of commercial tools: Factoring, Escrow | |
| Transparency of institutions | |
| IoT and smart contracts implementation |
Team
The team consists of 6 members and 3 advisors, majority of whom is working together in another project called Moneytis. According to Crunchbase, Moneytis has received $454,220 funding in 6 rounds.
| Christophe Lassuyt | Etienne Tatur | Julien Devoir |
|---|---|---|
| co-founder & CFO | Co-founder & CTO of Moneytis | CMO |
| Serial entrepreneur. | Former lead developer of QOBUZ | Head of Growth of Moneytis |
| Co-founder of Moneytis | CTO of Amaris | Former growth marketer of Molotov TV |
| Former CFO of Virtua S.A | Former growth marketer of Virtua S.A. | |
 | | |
Rewards
Incentive for a secure ecosystem of applications
REQ tokens are ERC20 tokens which are necessary to participate in the network, create advanced Requests and reward various parties who will help build the request ecosystem. When using the network, the participants will need to pay a network fee in REQ which will be burned. Burning the tokens could potentially increase the demand on the remaining REQ tokens.
The fees will be adjusted by the Request Network operators depending on the decreasing supply of REQ and the exchange rate with the different currencies authorized by the network.
As an example, a request at the beginning of the system might burned 10 REQ out of the total supply of 1 000 000 000 REQ. Later, after the system has been used for a while, a Request might burn 0.0001REQ out of a total supply of 100 000 REQ.
The network will have a built in system to reward platforms on top of the protocol who decide to charge a REQ fee. In this way we favorize the creation of an entire financial open platform.
The costs we expect on the platform are 0.05% to 0.5% of the transaction. These costs will then decrease when the volume of the network increases in order to remain competitive and to avoid incentivizing the development of alternatives. With the global market transiting more than $ 5,000 billion a day, minimal fees will become ample when the platform grows to a larger scale.
source white paper pg 15
Community
| Telegram | Slack | Github | ||||
|---|---|---|---|---|---|---|
| Members | 15 100 | 2 274 | 8 482 | 15 579 | ? | 2 |
| Last | 2017/12/28 | 2017/12/22 | 2017/12/28 | 2017/12/28 | 2017/12/28 | 2017/12/18 |
| Links |  |  |  |  |  |  |
Trends
Request Network
Compaired to competitors
Compaired to PayPal
Markets
| Market | Pair |
|---|---|
| Binance | REQ/BTC |
| Binance | REQ/ETH |
| COSS | REQ/BTC |
| COSS | REQ/ETH |
| Decentrex | REQ/ETH |
| EtherDelta | REQ/ETH |
| Gate.io | REQ/USDT |
| Gate.io | REQ/ETH |
| IDEX | REQ/ETH |
| Kucoin | REQ/BTC |
| Kucoin | REQ/ETH |
| Liqui | REQ/BTC |
| Liqui | REQ/ETH |
| Liqui | REQ/USDT |
| Mercatox | REQ/ETH |
| OKEx | REQ/USDT |
| OKEx | REQ/BTC |
| OKEx | REQ/ETH |
Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty… I have never in my life envied a human being who led an easy life. I have envied a great many people who led difficult lives and led them well. - Theodore Roosevelt