Request Network - Paypal meets blockchain.

in #cryptocurrency7 years ago (edited)

Request Network

The future of commerce

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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


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* 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
Lifetime Price Percentage : 376.16%
Whitepaper : request_whitepaper.pdf
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Pros & Cons

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ProsCons
Independence of other currenciesYoung and limited team for now
Necessary to share banking information
Simplicity, it requires only to click a buttonStrong competition (Pillar, OmiseGO, Status…)
Purchases don't require a third partyMay face regulatory challenges
Online paymentsBig coin supply
B2B invoicingTeam 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

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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 LassuytEtienne TaturJulien Devoir
co-founder & CFOCo-founder & CTO of MoneytisCMO
Serial entrepreneur.Former lead developer of QOBUZHead of Growth of Moneytis
Co-founder of Moneytis CTO of AmarisFormer growth marketer of Molotov TV
Former CFO of Virtua S.A Former growth marketer of Virtua S.A.
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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

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Members15 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
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Trends

Request Network

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Compaired to competitors

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Compaired to PayPal

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Markets

MarketPair
BinanceREQ/BTC
BinanceREQ/ETH
COSSREQ/BTC
COSSREQ/ETH
DecentrexREQ/ETH
EtherDeltaREQ/ETH
Gate.ioREQ/USDT
Gate.ioREQ/ETH
IDEXREQ/ETH
KucoinREQ/BTC
KucoinREQ/ETH
LiquiREQ/BTC
LiquiREQ/ETH
LiquiREQ/USDT
MercatoxREQ/ETH
OKExREQ/USDT
OKExREQ/BTC
OKExREQ/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

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RequestNetwork Request Network tweeted @ 28 Dec 2017 - 12:02 UTC

Congrats! Request Network Community is Growing! +15'000 💪🏽

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