Request

Request PriceREQ

A$0.080038
-A$0.000853-1.05%

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Request Price Today

Current REQ/AUD real-time price is A$0.080038, with a 24-hour change rate of -1.05% and a 7-day change rate of +3.20%. REQ currently ranks #422 globally by market cap, with a total market cap of A$65.030203M, a fully diluted valuation (FDV) of A$81.577376M, and a 24-hour trading volume of A$2.141071M. In terms of supply, REQ has a maximum supply of ∞, a current circulating supply of 796.69M, with 79.72% already in circulation and 20.28% remaining to be unlocked.

About Request

What is Request?

Request is a decentralized network built on Ethereum that enables secure and transparent invoicing, accounting, and payments between businesses and individuals.

Key Takeaways

  • Request is an open-source protocol for creating, sharing, and paying invoices directly on the blockchain, eliminating intermediaries.
  • It operates as an ERC-20 utility token on the Ethereum network, with a portion of transaction fees used to buy back and burn REQ tokens.
  • The platform automates accounting and compliance by generating immutable, auditable records of all financial transactions.
  • Its core value lies in streamlining B2B and freelance payments, reducing costs, and preventing fraud through cryptographic proof.
  • REQ tokens are used to pay for services on the network and benefit from a deflationary mechanism through token burns.

Request Key Specifications & Tokenomics

Request is a decentralized application (dApp) protocol designed to revolutionise how invoices and payments are handled by leveraging blockchain technology for trust and automation.

ItemDetails
Name (Ticker)Request (REQ)
Alternative NamesRequest Network
Consensus MechanismEthereum Proof-of-Stake (PoS)
Smart ContractsYes (EVM-Compatible). Primary contract: 0x8f8221afbb33998d8584a2b05749ba73c37a938a
CategoryDeFi, Payments, Invoicing
Hash AlgorithmKeccak-256
Block RewardN/A (ERC-20 token on Ethereum)
Max Supply-- (No hard cap; deflationary model)
TPSDependent on the Ethereum network
Scaling SolutionEthereum Layer 1; compatible with Layer 2 solutions
BlockchainEthereum

Who created Request (REQ)?

The Request Network was founded by Christophe Lassuyt and Etienne Tatur. The project emerged from a successful initial coin offering (ICO) in late 2017. The core team, backed by Request Foundation, consists of developers and entrepreneurs focused on building decentralized financial infrastructure. Their vision was to create a universal protocol for payment requests that could integrate seamlessly into existing business workflows, replacing traditional systems like PayPal or bank transfers with a more efficient, transparent, and global blockchain-based alternative.

How does Request (REQ) work?

The Request Network functions as a layer on top of Ethereum. Users can create a "Request" – essentially a smart contract-based invoice that specifies payment terms between a payer and a payee.

  • Invoice Creation: A user generates a payment request invoice directly on the blockchain. This invoice is cryptographically signed and contains all relevant details like amount, currency (crypto or fiat), due date, and terms.
  • Immutable Record: Once created, the request becomes an immutable record on the Ethereum blockchain, providing a single source of truth for both parties and for audit purposes.
  • Payment & Fulfillment: The payer can fulfill the request by sending the required payment in cryptocurrency. The network supports payments in various tokens.
  • Fee Burning: A small fee is taken from each transaction conducted on the network. A portion of this fee is used to automatically buy REQ tokens from the open market and burn them, reducing the total supply over time.

What makes Request (REQ) unique and valuable?

Request's primary innovation is applying blockchain's trustless and transparent nature to the mundane but critical world of invoicing and B2B payments.

  • Decentralized Invoicing: It removes reliance on centralized payment processors, reducing fees and eliminating single points of failure or censorship.
  • Automated Accounting: Every transaction is recorded on-chain, allowing for real-time, automated accounting and audit trails. This significantly reduces administrative overhead and errors.
  • Deflationary Tokenomics: The REQ token burn mechanism creates a deflationary pressure on its supply, aiming to increase token scarcity as network usage grows.
  • Cross-Border Efficiency: It simplifies international payments and invoicing by using cryptocurrencies, bypassing slow bank transfers and high currency conversion fees.
  • Fraud Prevention: The immutable nature of blockchain records makes it nearly impossible to alter or dispute invoices after creation, reducing payment fraud.

What is Request (REQ) used for?

The REQ token is the utility and governance fuel for the Request Network ecosystem.

  • Network Access Fee: REQ is used to pay for services on the network, such as creating advanced invoices or accessing premium features.
  • Governance: Token holders can participate in governance votes to decide on the future development and parameters of the Request protocol.
  • Value Accrual: Users and investors hold REQ to benefit from its deflationary model, where increased network activity leads to more tokens being burned.
  • Staking (Potential): Future iterations of the protocol may introduce staking mechanisms to further secure the network or offer rewards.

How Is the Request (REQ) ecosystem developing?

The Request ecosystem focuses on integration and partnership to drive adoption.

  • API and SDKs: The team provides robust tools for developers to integrate Request's invoicing and payment capabilities into their own applications, e-commerce platforms, and accounting software.
  • Partnerships: Request has formed partnerships with accounting software companies and other blockchain projects to embed its technology into existing business tools.
  • Grant Program: The Request Foundation runs a grant program to fund projects that build on top of or integrate with the Request protocol, expanding its use cases.
  • Focus on DeFi and DAOs: There is a growing emphasis on serving decentralized autonomous organizations (DAOs) and the broader DeFi sector, where transparent and automated treasury management is crucial.

How to mine Request (REQ)?

REQ is not a mineable cryptocurrency. It is an ERC-20 utility token issued on the Ethereum blockchain. All REQ tokens were created during its genesis event and initial distribution. New tokens are not generated through mining. The only supply change mechanism is the deflationary burn, which permanently removes tokens from circulation.

How to keep your REQ Coin safe?

As an ERC-20 token, REQ should be stored in secure Ethereum-compatible wallets.

  • Hardware Wallets (Cold Storage): For long-term holding of significant amounts, use a hardware wallet like Ledger or Trezor. These devices store your private keys offline, providing the highest security against online threats.
  • Software Wallets (Hot Wallets): For more frequent access or smaller amounts, reputable mobile or desktop wallets like MetaMask, Trust Wallet, or Coinbase Wallet are suitable. Ensure you keep your recovery phrase (seed phrase) secure and never share it.
  • Exchange Wallets: While convenient for trading, leaving large amounts of REQ on an exchange is not recommended for long-term security. Use exchange wallets only for active trading purposes.

How to buy REQ Coin?

REQ is a cryptocurrency listed on several exchanges. For higher liquidity and a secure trading experience, it is recommended to use a major platform like BTCC.

  1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
  2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. You can follow this guide on how to buy USDT.
  3. Start Trading: Go to the trading page and search for the spot trading pair REQ/USDT or the perpetual contract REQUSDT.
  4. Place an Order: Enter the amount of REQ you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
  5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.

How to Buy and Use Request

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsRequest is instantly credited to your BTCC account, ready for trading at any time.

Related Trading

Choose Request products that suit your trading style

Thank you for your interest in BTCC. Currently, spot and futures trading services for REQ are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.

Request FAQs

Does Request (REQ) use staking or proof-of-stake consensus, and how does REQ token issuance affect its supply and price?

Request (REQ) is not a proof-of-stake blockchain and does not rely on staking to secure a network. It is the utility token of Request Network, an open-source payment protocol built primarily on Ethereum and connected to chains such as Base, Polygon, Arbitrum, Optimism, Tron and BNB Chain. Security comes from those underlying networks, while REQ supports the protocol's governance and long-term economic model.

Supply mechanics matter for price. The total supply is ∞, with a circulating supply of 796.69M. Because there is no staking lock-up, tokens stay liquid and tradable, so demand is driven mainly by real payment volume, adoption and governance participation rather than by yield farming. When usage of Request Network grows, organic demand for REQ can rise; when activity slows, supply on exchanges can weigh on price. Traders can monitor REQ/USDT perpetual contracts on BTCC to react to these shifts.

How do Request Network upgrades and cross-chain stablecoin payment features impact REQ token value and gas fees?

Request Network upgrades focus on making crypto payments practical at global scale. Its core feature is cross-chain stablecoin payments: with a single integration, businesses can access 95% of global stablecoin supply across Ethereum, Base, Polygon, Arbitrum, Optimism, Tron and BNB Chain. Payers use the assets they already hold, while recipients receive the token and settlement chain they prefer, and the non-custodial design means funds never transit through the protocol.

These features reduce friction such as bridging, swaps and gas management, and enable gasless payment experiences and batch payouts. As more merchants and payment providers integrate, cumulative volume (already over $2 billion since 2017) can grow, strengthening demand for Request (REQ) within its governance and economic model. Gas fees are paid on the underlying chains rather than to REQ itself, so lower-cost chains and L2s improve the user experience and can indirectly support REQ's value by driving adoption. On BTCC, traders can express this outlook via REQ/USDT perpetual contracts.

Will a Request (REQ) spot ETF or rising institutional adoption drive institutional money into REQ?

A spot ETF would be a regulated fund holding the underlying asset, letting traditional investors gain exposure through standard brokerage accounts without managing wallets or private keys. For a mid-cap token like Request (REQ), no such product is confirmed, so institutional access currently comes through exchanges, custody solutions and direct over-the-counter purchases rather than an ETF wrapper.

If institutional adoption increases, the typical effects are higher liquidity, deeper order books and greater legitimacy, which can raise the price floor and reduce volatility over time. Sustained inflows would also tighten available supply on exchanges. However, REQ remains a smaller-cap asset with a market cap of A$65.030203M, so institutional flows could move price sharply in either direction. Investors should track real adoption metrics, such as payment volume and integrations, rather than speculation, and can hedge or trade the trend on BTCC's REQ/USDT perpetual contracts.

Request (REQ) vs Bitcoin: how do the two differ for crypto payment and investment use cases?

Request (REQ) and Bitcoin (BTC) serve very different roles. BTC is a decentralized store of value and settlement network, while REQ is the utility token of Request Network, a payment protocol focused on cross-chain stablecoin payments and payouts. The table below summarises the key differences.

DimensionRequest (REQ)Bitcoin (BTC)
Core PositioningPayment protocol utility tokenDigital store of value
Supply ModelFixed total supply, no miningCapped 21M, halving issuance
ConsensusRuns on Ethereum and other chainsProof of Work
Main Use CasesCross-chain stablecoin payments, payouts, governanceSettlement, value storage, collateral

For investors, BTC is typically a lower-volatility macro asset, while REQ is a smaller-cap, adoption-driven token with a market cap of A$65.030203M. Both can be traded on BTCC.

How do I set stop-loss and take-profit orders when trading REQ futures?

On BTCC, you can attach stop-loss (SL) and take-profit (TP) orders to any REQ/USDT perpetual contract position. The goal is to cap downside and lock in gains automatically.

  • Long position: place the SL below a key support level, the recent swing low, or a moving average; place the TP near a known resistance zone or the previous high.
  • Short position: place the SL above a key resistance level; place the TP near a support zone or the recent low.
  • Trailing stop: use it to lock in profits as price moves in your favour, and move the SL to break-even once the trade is in profit.

Always size positions so a single stop-out does not damage your account, and avoid placing stops too close to current price, where normal volatility can trigger them prematurely. BTCC supports SL/TP and trailing stop tools directly on the REQ/USDT trading page.

What is the current price, market cap, and 24-hour trading volume of Request (REQ)?

The current price of Request (REQ) is A$0.080038, with a market cap of A$65.030203M and 24h trading volume of A$2.141071M. The circulating supply is 796.69M (max supply ∞).

These figures update in real time, so short-term moves can be sharp, especially for a mid-cap token. For the most accurate live data, open the REQ/USDT perpetual contract page on BTCC, where you can view the live order book, recent trades, funding rate and open interest. Monitoring volume alongside price helps confirm whether a move is backed by real participation or is simply thin-market noise.

What are the core drivers behind Request (REQ) price movements?

Request (REQ) price movements come from three main layers:

  • Supply side: exchange reserves and how many tokens are actively traded; because there is no staking lock-up, liquid supply can pressure price during sell-offs.
  • Ecosystem: real payment volume through Request Network, cross-chain stablecoin adoption, integrations across Ethereum, Base, Polygon, Arbitrum, Optimism, Tron and BNB Chain, plus governance activity tied to REQ.
  • Macro: Federal Reserve rate decisions, global liquidity conditions, institutional flows into crypto, and regulatory news, which often move the entire market including REQ.

Since more than $2 billion has already moved through Request Network technology since 2017, adoption metrics are a useful long-term signal. Traders can act on these drivers through REQ/USDT perpetual contracts on BTCC.

What is Request (REQ)'s all-time high and all-time low price?

The all-time high of Request (REQ) is A$1.685585, reached on 2018-01-06 06:55; the all-time low is A$0.006621, recorded on 2020-03-13 02:30.

Comparing the current price with these extremes helps frame where REQ sits in its market cycle. A token far below its ATH may still carry heavy overhead resistance, while a price well above its ATL shows long-term recovery. For a full view, open the REQ/USDT chart on BTCC and inspect the complete cycle, including volume and key support and resistance zones, before planning any trade.

How do I read Request (REQ) candlestick charts for futures trading?

Reading Request (REQ) candlesticks starts with the basics:

  • Candle anatomy: each candle shows open, high, low and close. The body is the range between open and close; the wicks show the extremes.
  • Support and resistance: horizontal zones where price has repeatedly reversed or stalled; these are natural entry, stop and target areas.
  • Moving averages: MA and EMA lines smooth price and reveal trend direction; price above a rising MA suggests strength.
  • RSI: above 70 signals overbought conditions, below 30 signals oversold; useful for spotting exhaustion.
  • Volume: a breakout is more reliable when confirmed by rising volume.

Combine these signals on the REQ/USDT chart on BTCC, and always confirm with a stop-loss before entering a trade.

How can I profit when the Request (REQ) price drops by short selling?

You can profit from falling Request (REQ) prices without holding spot tokens by shorting REQ/USDT perpetual contracts on BTCC. The mechanics are simple: open a short position at a higher price, then close it (buy back) at a lower price to lock in the price difference as profit.

This gives traders a two-way opportunity, so bear markets and pullbacks are tradable, not just rallies. Shorting also lets you hedge a spot holding during downturns. Key risk controls include setting a stop-loss above key resistance, using modest leverage, and watching funding rates, which can cost or pay depending on market positioning. Always confirm the trend and volume before entering, and keep position size within your risk tolerance.

Can I trade Request (REQ) perpetual contracts with high leverage?

Yes. BTCC offers flexible leverage on REQ/USDT perpetual contracts, up to 50x, subject to platform risk rules and position limits. Leverage lets you control a larger position with less capital, which can amplify returns when the market moves in your favour.

However, leverage magnifies both gains and losses, and high leverage can trigger liquidation quickly during volatile moves. Beginners should start at 2x to 10x and always use a strict stop-loss. As experience grows, leverage can be adjusted gradually. Before trading, review the margin mode, maintenance margin and liquidation price on the REQ/USDT page, and never risk more than you can afford to lose.

How do I practise Request (REQ) trading with a free demo account?

After registering on BTCC, you can switch to Demo Trading mode and receive virtual funds, such as 100,000 USDT, to practise without risking real capital. The demo environment uses real Request (REQ) market data, so the experience closely mirrors live conditions.

In demo mode you can practise adjusting leverage, placing market and limit orders, and setting take-profit and stop-loss levels on REQ/USDT perpetual contracts. This is a safe way to test strategies, learn how funding rates and liquidation prices work, and build discipline before going live. Once comfortable, you can move to real trading with the same interface and tools.

How do I buy and trade Request (REQ) step by step?

Follow these four steps to buy and trade Request (REQ) on BTCC:

  1. Register on BTCC and complete KYC verification.
  2. Deposit USDT via card or an external wallet.
  3. Go to the REQ/USDT perpetual contract page.
  4. Set margin mode and leverage, choose Long or Short, set your stop-loss and take-profit, then confirm the order.

Start with small size and modest leverage while you learn how the market behaves. Review the live order book, funding rate and open interest before each trade, and always use risk controls. BTCC also offers a demo account with virtual funds if you want to practise the full flow first.

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