Request Network (REQ) is an innovative crypto project launched in 2017 focused on building a decentralized payment ecosystem powered by blockchain technology. Founded by Christophe Lassuyt and Jérémy Dardenne, the project aims to revolutionize invoicing, payments, and accounting through a transparent, trustless, and scalable platform. The primary mission is to simplify payment requests using smart contracts to enhance security, auditability, and interoperability across multiple blockchains.
Request Network’s overarching goal is to become the global standard for invoicing and payment requests in crypto and fiat, enabling billions of secure transactions with significantly reduced fraud risk and operational costs. The protocol supports Ethereum and extends to other chains, making it versatile for developers and businesses worldwide.
Official Website: https://request.network
Whitepaper & PDF: Request Network Whitepaper (PDF)
Request Network Features & Offerings
Decentralized Payment Requests
Request Network enables users to create immutable and verifiable payment requests recorded on the blockchain, removing intermediaries and increasing trust.
Smart Contract Automation
Utilizing Ethereum smart contracts, Request automates invoicing and payment execution, minimizing human error and delays.
Multi-Currency Support
The project supports both fiat and cryptocurrencies in payments, allowing seamless invoicing across numerous currencies.
Interoperability & Developer Tools
Developers benefit from SDKs and APIs to integrate Request Network’s payment protocol into business applications and wallets.
Why Choose Request Network
Request Network stands out due to its focus on invoice blockchain payments combined with secure smart contracts. Advantages include:
- Transparency: Every payment request is permanently recorded on-chain.
- Security: Trustless contract execution reduces fraud and errors.
- Partnerships: Integrations with top wallets like MetaMask, and collaboration with blockchain platforms expanding its ecosystem.
The project’s unique blend of crypto and traditional finance support provides a bridge for mass adoption.
Technology Specifications of Request Network
Request Network is primarily built on the Ethereum blockchain leveraging ERC-20 token standard for its native token REQ. The protocol employs Layer-2 scaling solutions to optimize transaction throughput and cost efficiency. The network also supports cross-chain interoperability protocols expanding to chains like Binance Smart Chain and Polygon.
Request Network smart contracts handle invoicing logic, payment verification, and dispute resolution mechanisms enhancing usability. The open-source SDK and API toolkit empower developers to customize and build scalable financial solutions based on Request.
Tokenomics of Request Network
| # | Tokenomics Aspect | Details | Remarks |
|---|
| 1 | Total Supply | 999,999,999 REQ | Fixed supply with no inflation |
|---|
| 2 | Circulating Supply | Approx. 800 million REQ | Subject to unlock schedules |
|---|
| 3 | Token Utility | Transactional fees, staking, governance votes | Core to network functioning |
|---|
| 4 | Initial Distribution | Private sale, public ICO, team, advisors, reserves | Diversified allocation supporting project growth |
|---|
Team Information Behind Request Network
The Request Network team comprises seasoned blockchain experts, software engineers, and business strategists. Key members include:
- Christophe Lassuyt – Co-founder & CEO, blockchain visionary with 10+ years of experience.
- Jérémy Dardenne – Co-founder & CTO, specializes in smart contract development and system architecture.
- Biz Dev and Marketing Experts – Supporting ecosystem growth and community engagement worldwide.
The team’s transparency and active GitHub development signify strong commitment and continuous innovation.
Use Cases of Request Network Crypto Project
- Business Invoice Automation: Seamless invoicing and payments with immutable records for suppliers and clients.
- Freelancer Payments: Instant crypto payment requests and settlements reducing payment risks and delays.
- E-commerce Integration: Integration with online stores for blockchain payment gateways.
- Cross-border Remittances: Low-cost, auditable international payments spanning fiat and crypto.
Exchange Listings for Request Network
The REQ token is actively traded on popular crypto exchanges including:
- Binance
- Coinbase Pro
- KuCoin
- Gate.io
- Uniswap (V2 & V3 DEX)
Storage Options for Request Network Tokens
REQ tokens can be securely stored in multiple wallets:
- Hardware wallets: Ledger Nano S, Trezor
- Software wallets: MetaMask, Trust Wallet
- Exchange wallets (not recommended for long-term holding)
Users are advised to use cold storage solutions for maximum safety against hacks.
Market Analysis of Request Network Crypto
| # | Metric | Value | Remarks |
|---|
| 1 | Current Price (2024) | $0.05 USD | Market dependent |
|---|
| 2 | Market Cap | $40M USD | Mid-cap token |
|---|
| 3 | 24h Volume | $3M USD | Moderate liquidity |
|---|
| 4 | Circulating Supply | ~800M REQ | Majority unlocked |
|---|
Analysis shows steady adoption driven by real-world payment use cases. Volatility remains typical for crypto assets, but the project’s utility supports medium to long-term value.
Latest News on Request Network
- 2024-Q1: Release of v2.0 protocol upgrade improving multi-chain support.
- 2023-Q4: Partnership announced with major DeFi platform for payment integration.
- 2023-Q3: SDK improvements increase developer adoption by 35%.
Educational Content for Request Network
To help new users and developers, Request Network provides comprehensive tutorials, developer guides, and community webinars accessible on its official website and YouTube channel. These resources cover:
- How to create payment requests on Ethereum.
- Integrating Request Network API with apps.
- Best security practices for wallet management.
Request Network Investor & User Reviews
Here are five sample reviews reflecting user and investor experiences:
- Samuel T. (4/5): "Reliable and innovative platform, helped me automate invoices. The learning curve was moderate but worth it."
- Priya M. (5/5): "REQ’s smart contract system is transparent and secure—ideal for freelancers seeking trustless payments."
- Luis F. (3/5): "Good project, but exchange liquidity can be further improved. I remain optimistic."
- Anna R. (5/5): "Excellent developer tools and active community support. Definitely a crypto project to watch."
- Marcus B. (4/5): "The tokenomics are solid, with clear use cases. Some pricing volatility as expected."
AverageRating: 4.2
Pros and Cons of Request Network
Pros
- Decentralized, trustless invoicing with blockchain transparency.
- Wide support for fiat and crypto payments.
- Open-source developer resources and multi-chain roadmap.
- Strong community engagement and team reputation.
Cons
- Dependent on Ethereum gas fees which can be volatile.
- Liquidity on smaller exchanges sometimes thin.
- Learning curve for non-technical users remains moderate.
- Market competition from other payment protocols.
Tips for Request Network Users & Investors
- Always use hardware wallets for storing REQ tokens securely.
- Research exchange listing liquidity before making large trades.
- Stay updated with protocol upgrades announced via official channels.
- Participate in community forums to learn best practices and latest use cases.
- Consider diversification; never invest more than you can afford to lose.
Request Network FAQs
What is Request Network (REQ) and how does it work?Request Network is a decentralized blockchain payment and invoicing protocol enabling smart contract-based payment requests. Users can securely request, send, and receive payments in crypto or fiat through transparent, immutable transactions recorded on the blockchain.
Is investing in Request Network safe?While Request Network offers strong technology and an active team, all crypto investments carry risk due to market volatility. Always conduct your own research (DYOR) and use secure wallets when handling REQ tokens.
Which wallets support Request Network tokens?REQ tokens are ERC-20 compatible and supported by hardware wallets like Ledger and Trezor, and software wallets such as MetaMask and Trust Wallet. Avoid keeping tokens on exchanges for long-term security.
Where can I buy and trade Request Network tokens?REQ is listed on exchanges like Binance, Coinbase Pro, KuCoin, and decentralized exchanges such as Uniswap. Check exchange volumes and fees before purchasing.
What are the key partnerships of Request Network?Request Network collaborates with major blockchain platforms and wallet providers to expand usability. Noteworthy partnerships include integrations with MetaMask and DeFi protocols enhancing payment options.
If you find the details according to you and your things fulfilled by a company, then give a review.
ClipsTrust Expert Note
Request Network exemplifies a practical blockchain project addressing real-world invoicing and payment needs. Its transparent smart contract framework paired with a committed development team builds user confidence. At ClipsTrust, we regard Request Network as a promising crypto project with solid fundamentals, backed by significant community and developer engagement. We encourage users to DYOR and share their authentic reviews on ClipsTrust to maintain ecosystem transparency and trust.
Explore trusted business videos and authentic reviews on the official ClipsTrust YouTube channel and connect with us on our socials:
