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Request Network

REQ

    Established Year
    2017
    Operating Status
    Active
    Ecosystem
    EthereumPolygonFantomNearGnosis ChainCelo
    Request is an open and unique database for payment requests, including invoices and individual payment requests. The Request Protocol is the core of Request and defines and handles the data of a request, persisting it to a distributed ledger to make Request open, trustless, secure, and resilient. Crypto organizations and freelancers can use the Request App for invoices, expenses, payroll, and accounting.

    Frequently Asked Questions

    What Is Request (REQ)?

    REQ is listed on Coinbase, Binance, crypto.com, Bancor and many other exchanges. The REQ token powers the Request Network open-source protocol via a few mechanisms: anti-spam; governance; staking; discounts; independency. The Request (REQ) utility token, launched in 2017, ensures the performance and stability of the Request Network. The Request Network itself is an [Ethereum](https://www.coinlive.com/coin/ethereum)-based 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.