Request Network (REQ Token) Review

Decentralised News

26 minutes ago

Transcript

00:00oh welcome back to decentralized news i'm back with another banger guys out in the wild outdoor

00:06edition here we go what are we looking at today request so this is a project that has a token

00:12with the ticker req you can find it it's available on some different platforms including the major

00:20exchanges out there binance okx bybit zb cool coin etc so go check out all the best cryptocurrency

00:27exchange reviews d5 platform reviews and all of that good stuff on our main site decentralized

00:33news don't forget to give me a like and a share and a subscribe go check out the telegram channel

00:37and also the discord server i need some people in there man it's not looking good guys i put in so

00:44much work support i love y'all but anyway yeah so what is request request is really just a token that

00:51is listed on all these different exchanges of course crypto.com binance coinbase

00:56banco and many other exchanges but of course it is supposed to power the request or the request

01:02network open source protocol via a few mechanisms they say they are focused on anti-spam governance

01:08staking discounts uh independency etc request.network is the website so request req is the utility token

01:17it launched back in 2017 actually currently trading at about 11 cents or so which is not bad you know if

01:24you think about some of these uh old tokens have been around for a while they're even failing to reach

01:29some of these levels in these current market conditions but of course they're saying that

01:33you know it's supposed to ensure that the performance and stability of the request network

01:38is on point and that's the utility of the token and the request network itself is actually an ethereum

01:45based decentralized payment system where anyone can request a payment effectively and receive money through secure means

01:52so it removes the requirement for third parties in order to provide a cheaper more secure payment

01:58solution that works with all global currencies effectively so when a user creates a request for

02:04payment they define um to which address the payment needs to be allocated and what the amount is and the

02:10user can actually also define the terms and conditions of the payment upgrading a simple request into an invoice

02:17and once this is completed then the user can share their request and be paid by their counterparty

02:22every step is documented and stored on the request network allowing those who are involved to actually

02:28keep track of all the invoices and payments for accounting purposes it is also integrated with the

02:33legislation across the world to sort of remain compliant with the trade laws in individual countries this

02:40is what they say and uh you know they say that the unique proposition there is that the payments on

02:45requests are performed by simply sending an invoice through a blockchain and the counterparty can then

02:50detect the request and then pay it with one click in a peer-to-peer manner the fact that the payments are

02:57push generated instead of pool generated is one of the key advantages there's no need for users to share

03:03their account information they use the blockchain technology which also in eliminates the need for the

03:09third-party processes resulting in a reduction of transaction costs and additionally apps building stuff

03:15people want on top of our request network open source protocol provide a key benefit to users

03:20according to the team indeed users can also interact with a suite of financial tools which work with

03:26each other it's the opposite of a capitalistic and siloed web2 industry because they say that

03:32they at request apps work with each other for example a company uh can uh pretty much originate an invoice

03:38in uh one app a second app receives the request and it will be paid and then the invoice can actually

03:44draw on instant financing on a third d5 platform as well so the request network itself leverages a

03:49decentralized blockchain such as ethereum and ipfs for security privacy and data uh ownership for the

03:56end user so check it out man they are you know on metamask agent maitha wallet ledger and all of these

04:03and they have an erc20 token if you want to trade it it's all on these major exchanges go to our

04:08ecosystems tab one decentralized use you'll be able to find where we have all of these best platforms

04:15for you to trade on and the ones that we actually recommend i'm out of here guys i'm uh just uh going

04:20to finish up my hike get home and get me some nice dinner and watch the sunset for my apartment i love you

04:28and uh take care be safe and i'll see you in the next

Request Network (REQ Token) Review

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