What is Request Network (REQ)?
Request Network (REQ) is a decentralized network built on top of Ethereum, which enables anyone, anywhere to request a payment. The request can be detected and paid securely, without the need to involve a third party. The request is saved on an immutable, authentic ledger, which acts as a unique source of truth for accounting and auditing processes.
Request Network (REQ): History
Request Network (REQ) final Whitepaper came to life on October 25, 2017, created by the team behind the Moneytis project – a service that compares transfer fees for international money transfer. The Request Network team is currently being back by Y Combinator, one of the best start-up accelerators in the world who have supported the likes of Coinbase, Reddit, Dropbox, and Airbnb. This lets some way in lending some legitimacy to the project, something that other cryptocurrencies have struggled to achieve.
How Does Request Network (REQ) Work?
Request Network (REQ) does more than a payment system that facilitates payments between individuals. This is the place where the developers can use to build innovative solutions in areas such as finance and accounting. The actual Request Network token is only required by developers who intend to build financial applications on top of the request network platform. For requests made on applications built on top of the platform, an estimated fee between 0.05% and 0.5% of REQ is required in-order to fuel the transaction. The fee is partially burned, which has the added incentive of decreasing the total circulating supply of REQ tokens, hence, causing an upward pressure in its price.
How to Buy Request Network (REQ)?
First of all, you need to create a Request Network (REQ) wallet for storing your coins safe. You can use MyEtherwallet to store your Request Network (REQ) coins as it is the easiest and most convenient wallet for you. Then you are required to set a password for the wallet. If you forget this password, you might lose access to your coins. Then buy Ethereum either by using Coinbase or CEX.IO. Then exchange it for Request Network (REQ).
Request Network (REQ) Price Prediction 2018
REQ can be a profitable investment option. Request Network price equal to 0.4052 USD at 2018-02-01. If you buy Request Network for 100 dollars today, you will get a total of 246.772 REQ. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-28 is 11.878 US Dollars. With a 5-year investment, the revenue is expected to be around +2831.18%. Your current $100 investment may be up to $2931.18 in 2022. Request Network (REQ) price today is $0.405178 and have the current supply of 641,378,269 REQ. The market cap value is $259,872,364 , and the volume is marked as $24,079,800. Request Network (REQ) price today, Request Network (REQ) where to buy, Request Network (REQ) price chart, Request Network (REQ) history, Request Network (REQ) market cap, Request Network (REQ) exchanges, Request Network (REQ) mining, Request Network (REQ) mining software.