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](https://request.network/#) Lifetime Price Percentage : 376.16% Whitepaper : [request_whitepaper.pdf](https://request.network/assets/pdf/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

	Twitter	Facebook	Telegram	Reddit	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