BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

BITCOIN

₹63,18,405.14

0.808%

ETHEREUM

₹3,26,189.46

0.487%

TETHER USDT

₹93.02

0.027%

BNB

₹55,690.96

0.347%

SOLANA

₹16,694.50

3.267%

USDC

₹92.98

0.014%

XRP

₹55.23

0.167%

DOGECOIN

₹12.76

1.651%

CARDANO

₹40.00

1.641%

AVALANCHE

₹2,997.25

11.931%

TRON

₹12.49

0.245%

SHIBA INU

₹0.001681

0.913%

POLKADOT

₹589.81

0.076%

CHAINLINK

₹1,360.38

2.261%

BITCOIN CASH

₹36,547.45

1.217%

NEAR PROTOCOL

₹579.96

0.83%

LITECOIN

₹6,840.62

0.042%

POLYGON

₹50.26

0.048%

PEPE

₹0.001143

0.298%

INTERNET COMPUTER

₹963.48

0.655%

Home

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Coins

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Request

REQ

Request Network

REQ

₹10.67

LIVE

24H Low ₹10.36

24H High ₹10.78

Price of REQ today

The current live price of REQ today is ₹10.67, with a 24-hour trading volume of ₹9,32,89,959.12. Our REQ to INR price is updated in real-time. REQ has seen a decrease of -1.49% in the last 24 hours. With a live market cap of ₹10,61,47,91,664.54 , the circulating supply is at 999,653,403 REQ coins, with a maximum supply of 999,653,404REQ coins.

Request Network Price History

Date ComparisonAmount Change% Change
Today-₹0.10

0.95%

7 Days₹0.76

7.69%

30 Days₹0.37

3.61%

1 Year₹3.52

49.09%

Request Network Price Information

Price Change (1hr)

2%

Price Change (24hr)

0.95%

Price Change (7d)

7.69%

Request Network Market Stats

Market Cap

₹10,61,47,91,664.54

Fully Diluted Market Cap

₹10,61,47,91,673.84

24hr Volume

₹9,32,89,959.12

12.66%

Circulating Supply

999653403.29 REQ

Total Supply

999653404.13 REQ

Things to know about Request Network

What is Request (REQ)?

Request (REQ) is a utility token that powers the Request Network, an Ethereum-based decentralized payment system. The network allows anyone, anywhere, to request a payment, removing the need for third parties and providing a cheaper, more secure payment solution that works with all global currencies. The REQ token is used for anti-spam, governance, staking, discounts, and ensuring the independence and stability of the network. It also facilitates the documentation and storage of payment requests and invoices for accounting purposes and is compliant with international trade laws.

Tokenomics

  • Token Type:

  • REQ is a utility token built on the Ethereum blockchain, facilitating operations within the Request Network ecosystem.

  • Total Supply:

  • The maximum number of REQ tokens that are coded to exist is 1,000,000,000 REQ.

  • Circulating Supply:

  • As of the latest data, the circulating supply is approximately 999,681,755.638 REQ, which accounts for nearly the entire total supply.

  • Token Sale Price:

  • During its ICO, which took place from October 12 to October 16, 2017, the price of Request Network was $0.0672 per REQ.

  • Usage:

  • REQ tokens are used for various purposes within the Request Network ecosystem, including but not limited to payment requests, invoicing, and accessing a multitude of invoice-related services.

  • Burn Mechanism:

  • Part of the REQ token’s utility includes a burn mechanism, where tokens are burned as part of the transaction process, reducing the total supply over time. This is implied by the difference between the total and circulating supply.

  • Utility and Ecosystem:

  • REQ tokens facilitate operations such as secure, fast, and easy invoice issuance, integration with Web3 accounting platforms, and access to blockchain-based automated audits and tax reports. The token also enables users to selectively share their financial data with third parties for purposes like risk assessment, lending, and insurance.

Market Data

As of today #{today’s date}, the price of Request Network is ₹10.67 INR or 0.1147 USD, with a 24-hour trading volume of 1003117.84 USD. The market capitalization for Request Network is 114137544.78USD. The circulating supply is 999653403.29 Request Network, with the total supply also being 999653404.13 Request Network.

Token Pros and Cons

Pros:

  • Decentralized Payments:

  • REQ enables decentralized invoicing and payment processing, reducing reliance on traditional financial institutions.

  • Compliance:

  • The network is designed to comply with international trade laws, which may facilitate wider adoption.

  • Versatility:

  • It supports a variety of use cases, including invoicing, payroll, and lending, making it a versatile tool for businesses.

  • Integration:

  • Request Network can be integrated with other payment systems and Web3 accounting platforms, enhancing its utility.

  • Transparency:

  • Every transaction is documented, providing a clear audit trail for accounting and compliance purposes.

Cons:

  • Market Volatility:

  • As with all cryptocurrencies, REQ is subject to market volatility, which can affect its value.

  • Adoption Rates:

  • The success of REQ depends on widespread adoption within the payment and invoicing industry.

  • Regulatory Risks:

  • Changes in regulatory landscapes could impact the use and acceptance of REQ tokens.

  • Technical Complexity:

  • The technical nature of blockchain and cryptocurrencies may be a barrier to entry for some potential users.

  • Competition:

  • REQ faces competition from other payment and invoicing solutions, both traditional and blockchain-based.

Why Should You Invest in the Coin?

  • Innovative Payment Solution:

  • REQ offers a novel approach to payment requests and invoicing, which could disrupt traditional financial systems.

  • Growing Ecosystem:

  • The Request Network is continuously evolving, with new templates and support for non-EVM chains planned for the future.

  • Processed Volume:

  • The network has already processed over $600 million, indicating a level of market trust and utility.

  • Strategic Partnerships:

  • Integration with major payment systems and Web3 platforms could drive further adoption.

  • Community and Governance:

  • Holding REQ tokens allows participation in the governance of the network, giving investors a say in its future development.

USP of the coin

  • Financial Data Ownership:

  • Request Network emphasizes default financial data ownership and selective sharing, which is a unique approach compared to traditional financial systems.

  • Web3 Integration:

  • The network’s seamless integration with Web3 accounting platforms and services positions it at the forefront of the decentralized finance movement.

  • Automated Compliance:

  • The ability to tap into blockchain-based automated audits and tax reports offers a significant advantage for businesses looking to streamline their financial operations.

Problem the coin is solving

Request (REQ) is addressing the need for a more transparent, secure, and efficient way to handle payment requests and invoicing without the need for intermediaries. It aims to simplify financial operations for businesses and individuals by leveraging blockchain technology to provide a decentralized payment solution.

Founder and team background

Christophe Lassuyt, serving as the Chief Financial Officer, and Etienne Tatur, who holds the position of Chief Technology Officer, co-founded Request.

ICO Price

  • Token Sale Dates:

  • 13th Oct - 16th Oct 2017

  • Ticker:

  • REQ

  • Token Type:

  • ERC20

  • ICO Token Price:

  • 5000 REQ = 1 ETH

  • Fundraising Goal:

  • Denominated in ETH

  • Total Tokens:

  • 1,000,000,000

  • Available for Token Sale:

  • 70%

  • Amount Raised:

  • $33.60M

  • Token Price at Sale:

  • $0.0672

Risks Associated in Investing in the Coin

  • Regulatory Uncertainty:

  • The evolving regulatory environment for cryptocurrencies could threaten REQ’s operation and value.

  • Market Competition:

  • REQ operates in a competitive space with numerous other payment solutions vying for market share.

  • Technology Risk:

  • As a technology-dependent platform, any failures or bugs could negatively impact the network and token value.

  • Adoption Risk:

  • The potential for widespread adoption is uncertain and could affect the long-term viability of REQ.

  • Economic Factors:

  • Broader economic factors and shifts in the cryptocurrency market could adversely affect REQ’s price and demand.

Summary of the Whitepaper

The Request Network whitepaper, titled “The Future of Commerce: A Decentralized Network for Payment Requests,” outlines the foundation and aspirations of the Request Network as a decentralized platform that aims to revolutionize the way payments and invoices are processed. Dated March 16, 2018, the document provides a comprehensive overview of the platform, its ecosystem, use cases, tokenomics, and the technical architecture that underpins it.

Executive Summary

Request Network is introduced as a decentralized system enabling anyone to request a payment (Request Invoice) in a secure manner, with all information stored on a decentralized authentic ledger. This innovation promises cheaper, easier, and more secure payments alongside a broad spectrum of automation possibilities. The network aspires to be the backbone of world trade by integrating a universal, smart general ledger that supports 100% of global transactions, irrespective of currency, legislation, or language. It is built on Ethereum, offering a layer that facilitates payment requests within a legal framework, aiming to surpass the globality of any single currency.

The Platform

The platform allows anyone to create a Request for Payment on the Request Ledger, which can then be detected and paid by the recipient with a single click, updating the network. This process considers applicable trade laws and taxes for each request. The system emphasizes security by eliminating the need to share banking information, simplicity through easy payment processing, and cost savings by removing third-party intermediaries like PayPal.

The Ecosystem

The ecosystem is structured into three layers: the Core layer, the Extensions layer, and the Applications layer. The Core layer manages consensus over the ledger and state transitions, including creating payment requests and detecting completed payments. It operates on the Ethereum blockchain, benefiting from its security and the automatic detection of ERC20-labeled invoices. The Extensions layer adds functionality for complex payment requests, including tax calculation, payment terms, and escrows. The Applications layer encompasses user-facing applications that interact with the Request Network.

Use Cases

The whitepaper outlines several use cases for the Request Network, including B2B invoicing, online payments, and the automation of accounting, auditing, and expense reporting. It also discusses the simplification of commercial tools like factoring and escrow, the potential for increased transparency in institutions, and the integration with IoT and smart contracts for machine-to-machine transactions.

Token

The REQ token incentivizes a secure ecosystem of applications, facilitates governance, ensures independence from other currencies, provides technical independence, and simplifies cross-currency exchanges.

Roadmap and Team

While specific details of the roadmap and core team are not summarized here, the whitepaper indicates a commitment to developing the Request Network and nurturing its ecosystem through community engagement and decentralization.

Technical Architecture

The whitepaper delves into technical considerations and the smart contract architecture that supports the Request Network, emphasizing security, scalability, and interoperability.

In summary, the Request Network whitepaper presents a vision for a decentralized payment request platform that aims to streamline and secure the process of requesting and making payments globally. By leveraging blockchain technology, the network seeks to address inefficiencies in the current financial system, offering a more transparent, efficient, and user-friendly alternative.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9300

0%

REQ to Converter

Quantity

REQ

REQ

Price

fiat

Price as per 08:44 PM • 21 Jul 2024

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Have a question not answered?

You can contact us at help@mudrex.com

What is the price of Request Network (REQ)?

The current price of Request Network (REQ) in INR is ₹10.67 INR.

What is the current REQ market cap?

The current market capitalization of Request Network (REQ) is ₹10,61,47,91,664.54 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of REQ by the number of coins in circulation.

What is the current supply of Request Network (REQ)?

The current supply of Request Network (REQ) is 999653403.29 REQ. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Request Network (REQ)?

The 24-hour trading volume of Request Network (REQ) in INR is ₹9,32,89,959.12. This figure represents the total value of all REQ transactions across various exchanges within the last 24 hours.

How to Buy Request Network (REQ) in India?

To buy Request Network (REQ) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in REQ.

Can I buy Request Network (REQ) with UPI?

Yes, you can buy Request Network (REQ) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Request Network (REQ) to Indian Rupee (INR)?

To convert Request Network (REQ) to Indian Rupee (INR), you can use our REQ/INR conversion rates in real time.

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