Request Coin is the functional token of the Request Network and ensures the network’s performance and stability. The Request (REQ) is a network that allows anyone to easily create, share, or fulfill a payment request.
When creating a payment request, the user defines which address the request should be allocated to and how much payment should be made. Optionally, the user can set terms and conditions for the payment request and turn a simple request into an invoice payment.
Once the request is created, the user can share this payment/invoice request with the other party to ensure payment. All of these steps are documented and stored on the Request network, allowing everyone involved in the transaction to easily track invoices, receipts, and payments for personal accounting purposes.
Moreover, the Request network uses decentralized networks like Ethereum and IPFS, which provides users with increased security, privacy, and data ownership, and therefore small fees are required in transaction steps. These costs are generally referred to as transaction fees and are used to incentivize blockchain operators, i.e., miners, to reach a consensus on the state of the network.
When a payment request is created and published on the network, an additional fee is required. Once published, this fee is sent to a smart contract called “Burner” on Ethereum, and all fees paid to create the request are collected here.
The advantages of Request Coin are listed as follows: Anti Spam, Governance, Staking, Discounts, and Independence.
Under the headline of REQ Coin Analysis, it is stated that the Request platform is promising, but REQ has not attracted much attention from investors, although this situation does not affect the reality that it attracted great interest in the initial stages. Furthermore, with the recent rise in cryptocurrency prices, an increase in the value of REQ coin is observed, but investors seem relatively hesitant about REQ coin.
Information on how to purchase REQ Coin is provided, and it is stated that it can be reliably and easily obtained through Binance.