What is REQ: Understanding the Fundamentals of Request Network's Cryptocurrency Token

Request's Positioning and Significance

In 2017, the Request team launched Request (REQ), aiming to solve issues such as inefficient cross-border payments and financial transparency. As a decentralized network built on Ethereum, Request plays a key role in enterprise-level payment and financial auditing based on cryptocurrency and blockchain technology.

As of 2025, Request has become an important asset in the decentralized finance ecosystem, with 41,342 holders and an active developer community. This article will analyze its technical architecture, market performance, and future potential in depth.

Origins and Development History

Birth Background

Request was created by the Request team in 2017, aiming to address the challenges of cross-border payments and financial transparency. It was born during the blockchain technology boom, with the goal of changing the status quo by providing secure payment methods and creating a standardized financial platform for asset invoices, accounting, auditing, and payments.

Request's launch brought new possibilities for businesses and individuals seeking more efficient and transparent financial operations.

Important Milestones

• 2017: Mainnet launch, enabling decentralized payment requests and secure transactions.
• 2018: The price reached its all-time high of $1.059 on January 6th.
• 2020: Experienced its all-time low of $0.00454707 on March 13th, showing resilience during market downturns.
• 2025: The ecosystem continues to grow, with the project maintaining its position in the cryptocurrency market.

With the support of its community and the Request Foundation, Request continues to optimize its technology, security, and real-world applications.

How Does Request Work?

No Central Control

Request operates on a decentralized network of computers (nodes) spread across the globe, free from control by banks or governments. These nodes collaborate to validate transactions, ensuring system transparency and attack resistance, granting users greater autonomy and enhancing network resilience.

Blockchain Core

Request's blockchain is a public, immutable digital ledger that records every transaction. Transactions are grouped into blocks and linked through cryptographic hashes to form a secure chain. Anyone can view the records, establishing trust without intermediaries. Built on the Ethereum network, Request leverages its infrastructure while focusing on specific use cases related to payments and financial operations.

Ensuring Fairness

Request utilizes Ethereum's consensus mechanism to validate transactions and prevent fraudulent activities such as double-spending. Participants in the Ethereum network maintain network security through their activities and are rewarded accordingly. Request's innovation lies in its focus on creating a standardized platform for financial operations within this ecosystem.

Secure Transactions

Request uses public-private key encryption technology to protect transactions:

• Private keys (similar to secret passwords) are used to sign transactions
• Public keys (similar to account numbers) are used to verify ownership

This mechanism ensures fund security, with transactions maintaining a level of pseudonymity. Request's additional security features include its focus on creating auditable and transparent financial records while maintaining user privacy.

REQ's Market Performance

Circulation Overview

As of November 16, 2025, REQ's circulating supply is 744,291,192.2591633 tokens, with a total supply of 999,417,153.8325051 tokens. The maximum supply is capped at 1,000,000,000 tokens, indicating a fixed supply model.

Price Fluctuations

REQ reached its all-time high of $1.059 on January 6, 2018, likely driven by the overall cryptocurrency market bull run during that period.

Its lowest price was $0.00454707, recorded on March 13, 2020, possibly due to the global market crash associated with the onset of the COVID-19 pandemic.

These fluctuations reflect market sentiment, adoption trends, and external factors affecting the cryptocurrency space.

Click to view the current market price of REQ

On-Chain Metrics

• Number of Holders: 41,342 (indicating the level of distribution among users)

Request Ecosystem Applications and Partnerships

Core Use Cases

Request's ecosystem supports various applications:

• Payment Solutions: Request Network facilitates secure and decentralized payment requests and invoicing.
• Financial Management: The platform offers tools for accounting, auditing, and payment standardization.

Strategic Partnerships

Request has established collaborations with blockchain and financial technology companies to enhance its capabilities and market presence. These partnerships provide a solid foundation for Request's ecosystem expansion.

Controversies and Challenges

Request faces the following challenges:

• Technical Hurdles: Scaling the network to handle increased transaction volume.
• Regulatory Uncertainties: Navigating the evolving landscape of cryptocurrency regulations.
• Competitive Pressure: Standing out in the crowded field of blockchain-based financial platforms.

These issues have sparked discussions within the community and market, driving continuous innovation for Request.

Request Community and Social Media Atmosphere

Fan Enthusiasm

Request's community shows engagement, with active discussions on various platforms. On X, posts and hashtags related to Request generate interest among crypto enthusiasts. New feature releases and partnerships often ignite community excitement.

Social Media Sentiment

Sentiment on X presents a mixed picture:

• Supporters praise Request's decentralized payment solutions and financial management tools.
• Critics focus on adoption challenges and competition from established financial systems.

Recent trends show cautious optimism about Request's potential in the blockchain-based financial services sector.

Hot Topics

X users actively discuss Request's role in modernizing payment systems, integration with existing financial infrastructure, and potential for cross-border transactions, highlighting both its transformative potential and the hurdles it faces in achieving mainstream adoption.

More Information Sources for Request

• Official Website: Visit Request's official website for features, use cases, and latest updates.
• Whitepaper: The Request whitepaper details its technical architecture, goals, and vision.
• X Updates: On X, Request uses @RequestNetwork, with posts covering technical updates, community events, and partnership news.

Request Future Roadmap

• Ecosystem Goals: Expand adoption of Request's payment and financial management solutions.
• Long-term Vision: Become a standard for decentralized payment requests and financial auditing in the blockchain space.

How to Participate in Request?

1. Purchase Channels: Buy REQ on Gate.com
2. Storage Solutions: Use secure wallets compatible with ERC-20 tokens
3. Governance Participation: Engage in community decisions through the Request governance system
4. Ecosystem Building: Visit the Request developer documentation to contribute to the network's growth

Summary

Request redefines digital currency transactions through blockchain technology, offering transparency, security, and efficient payment solutions. Its active community, rich resources, and market presence make it stand out in the cryptocurrency field. Despite facing regulatory and adoption challenges, Request's innovative spirit and clear roadmap position it as a notable player in the future of decentralized finance. Whether you're a newcomer or an experienced user, Request is worth watching and participating in.

FAQ

What does "req" mean?

"REQ" stands for Request, the native token of the Request Network, a decentralized payment system built on Ethereum.

What is a req in business?

In business, REQ typically stands for 'Request'. It can refer to various types of requests such as purchase requests, information requests, or change requests, depending on the specific context and industry.

What does req do?

REQ is a decentralized payment network that enables secure and efficient transactions in cryptocurrencies and fiat currencies.

What is the full form of req in medical terms?

REQ in medical terms typically stands for 'Request'. It's often used in medical records or prescriptions to indicate a requested test, procedure, or medication.