What does Request Network project do & its REQ token?

March 24, 2022 07:58 PM AEDT | By Ankit Sethi
Follow us on Google News:


  • The Request Network crypto has appreciated lately, but its price has fluctuated widely in the past
  • The project claims to help businesses in adopting crypto payment infrastructure
  • The REQ token was in the top 200 crypto assets by market cap at the time of writing

Some experts say that if at all cryptocurrencies have to become a mainstream form of money, there has to be a proper network in place. But critics say cryptos might not move from being speculative tradable assets to being a reliable form of money.

The debate about cryptos’ success or failure aside, one project is claiming to provide the infrastructure for integrating cryptos with any business’s payroll and accounting. Let’s know more.

What is the Request Network?

The project has an app, which is said to provide tools to businesses to manage transactions in cryptos. Besides, the network enables its users to add a plugin, WooReq, which it claims make it easy to accept payments in cryptocurrencies.

Also read: Bombcrypto game: How has BCOIN token fared so far in 2022?

The Request Network mentions support for cryptos of projects like Ethereum, Fantom, and Polygon. In its primary offering, Request Finance, the project is betting on streamlining financial tasks like invoices and salary disbursements in cryptocurrencies. On its website, the project says it supports over 70 crypto assets and even over 10 fiat currencies.

Request crypto (REQ)

Listed on exchanges like Binance, the REQ token can be used for staking, besides its use as a utility token. The token, the Request Network claims, enables network participants to vote on critical decisions that make the ecosystem decentralized.

Also read: Can PancakeSwap (CAKE) token sustain its rally?

Request crypto’s price

As of writing, the REQ token was one of the top 200 crypto assets on the CoinMarketCap list. With a market cap of over US$235 million, REQ was trading at nearly US$0.23. Over 999.8 million tokens are in supply

The trading volume of the REQ token had gained by over 500 per cent over the past 24 hours. But it is notable that Request crypto’s price had reached nearly US$0.4 in mid-January this year, before entering a bearish phase. The price even peaked to US$0.7 in November last year as a result of a sharp, but short-lived rally.


Since the token has remained very volatile, Request crypto’s price prediction for the near-to-medium term is not possible.

 Request crypto price fluctuation

Data provided by CoinMarketCap.com

Also read: Is Grayscale’s new fund behind Cardano’s ADA recent rally?

Bottom line

The Request Network project claims to offer an ecosystem that can help businesses to integrate crypto payments. The REQ token is native to the project. It has remained volatile with respect to its price, similar to other cryptocurrencies including ETH and BTC.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK