What is Request?
The Request (REQ) token, introduced in 2017, is like a special tool for the Request Network. The Request Network is a safe way to handle payments using a system based on Ethereum. It lets anyone ask for payment and get money in a secure manner. The cool thing is, that it doesn’t need middlemen, making payments cheaper and safer, and it works with money from all around the world.
Imagine you want someone to give you money. With Request Network, you can easily tell them where the money should go and how much. You can also set the rules for the payment, making it like an official request. Once you’ve done this, you just share this with the person who owes you money.
REQ is available on popular platforms like Coinbase, Binance, crypto.com, and others. It’s the special token that makes the Request Network work smoothly. It helps with important things like preventing spam, making decisions, supporting the network, giving discounts, and allowing the network to operate independently.
Request Founders
The Request Network is a special kind of system that doesn’t belong to any single person or group. Anyone can help make it better by suggesting improvements on GitHub. The people who started Request are Christophe Lassuyt and Etienne Tatur.
Christophe Lassuyt is like the leader of the community at Request. He’s got a lot of experience in the crypto and web3 world, being part of a program called Ycombinator and working in this field for more than 8 years.
Etienne Tatur is the top technical person at Request, called the chief technical officer. He’s been part of Ycombinator too, and he’s been working on projects related to web3 since 2014.
Request Smart Contract
PROS
You can buy and sell the token easily. When you buy or sell, there are no fees (0% fees). The contract source is verified, ensuring it’s secure and genuine. The owner or creator only has a tiny portion (0.01%) of the total tokens, and no one else has more than 5%. that’s a good thing!
CONS
The contract has a feature that lets the owner make changes. They haven’t given up this control, which means they could modify how the contract works, like stopping selling, altering fees, or creating more tokens. Also, there isn’t enough locked-in money for a set period. This could allow someone to take out a large amount of funds. and of course, this is not a favorable situation.
Smart Contract Score: 45/100
Request Converter
Conclusion
What sets Request apart is how payments happen. Instead of asking for money, you just send a payment request using the blockchain.
The person you’re asking can easily see it and pay with a click, making it simple and direct. This way, you don’t have to give away any of your account details.
Also, because it uses blockchain, there’s no need for middlemen, making transactions cheaper.
Notice!
It’s really important for people who want to be part of these projects to do a lot of research and understand the risks involved. Talking to a financial expert before deciding to invest is a good idea. Crypto investments can change a lot and have risks, so always be careful and make sure to learn a lot before deciding to invest.
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