What set off REQUEST tokens’ 3500% volume spike?
Request (REQ) token rose more than 60% on Thursday amid a tumbling crypto market.
The price jump follows a 3597% surge in trading volume to US$162.77 million in the last 24
hours. No specific reason could be ascribed to its gains on Thursday.
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REQ token has been in focus following several announcements this month. Let’s explore.
REQ raised US$5.5 million in seed funding led by gaming company Animoca Brands, and
venture capitalists Balderton Capital and XAnge.
Web3 investors such as Sebastien Borget of The Sandbox, Stani Kulechov of Aave, and Julien
Bouteloup, founder of StakeDAO, also participated. The company said it wants to use the fund to simplify
its processes for billings and payments in cryptos.
Ignoring the crypto market crash, REQ even announced hiring for various roles, including
CFO and business and software development.
Request Finance also plans to include Euro Coin on its platform for invoice payments.
Euro Coin is a stablecoin launched by Circle, a blockchain-based financial service and
payment company. The coin was expected to go live on the Ethereum mainnet Thursday,
which will enable users to start minting and redeeming it.
The REQ token advanced 60.02% to US$0.1367 at 4:45 am ET on Thursday. In contrast, the
global crypto market fell 4.18% to US$864.86 billion. Bitcoin (BTC) also sank below
US$20,000. It was trading at 3.71% lower to US$19,327.82.
Let’s understand more about the Request crypto.
What is Request (REQ)?
Request is an Ethereum-based decentralized payment system enabling people to pay or receive
money without intermediaries.
Users can create a payment request mentioning the amount, address, and whom to make the
payment. They can define the terms of payments and convert them into an invoice, which is
shared with a counterparty for payments.
All the steps are documented and stored on the Request Network for accounting purposes.
Request also complies with trade rules in different countries.
REQ token:
REQ is its utility token launched in 2017. Its current market capitalization is US$136.7
million with a circulating supply of 999.8 million. Its total supply is 999.9 million.
The top 100 token holders of the total 40,778 hold 82% of the assets. It can be traded on
Binance, Coinbase, Crypto.com, Bancor, OKX, and KuCoin crypto exchanges.
Bottom line:
The REQ token fell 88.41% from its all-time high of US$1.18 in January 2018. Its [rice
rallied after launching its payment plug-in for the e-commerce company, Shopify. But after
that, the token kept falling, hitting an all-time low of US$0.004651 in March 2020.
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the channel and press the bell icon to be notified of the latest videos for more information
and regular updates please head to the website kalkinemedia.com I’m sage for kalkine media.
OST
REQ raised US$5.5 million in seed funding
Request Finance also plans to include Euro Coin on its platform for invoice payments.
REQ token advanced 60.02% to US$0.1367
Global crypto market fell 4.18% to US$864.86 billion
What is Request (REQ)?
It is an Ethereum-based decentralized payment system
Market capitalization is US$136.7 million
Total supply is 999.9 million.
Trading Platforms:
Binance, Coinbase, Crypto.com, Bancor, OKX, and KuCoin crypto exchanges.
What set off REQUEST tokens’ 3500% volume spike?
Request (REQ) token rose more than 60% on Thursday amid a tumbling crypto market.
The price jump follows a 3597% surge in trading volume to US$162.77 million in the last 24
hours. No specific reason could be ascribed to its gains on Thursday.
Please subscribe to the channel I’m Sage for kalkine media.
REQ token has been in focus following several announcements this month. Let’s explore.
REQ raised US$5.5 million in seed funding led by gaming company Animoca Brands, and
venture capitalists Balderton Capital and XAnge.
Web3 investors such as Sebastien Borget of The Sandbox, Stani Kulechov of Aave, and Julien
Bouteloup, founder of StakeDAO, also participated. The company said it wants to use the fund to simplify
its processes for billings and payments in cryptos.
Ignoring the crypto market crash, REQ even announced hiring for various roles, including
CFO and business and software development.
Request Finance also plans to include Euro Coin on its platform for invoice payments.
Euro Coin is a stablecoin launched by Circle, a blockchain-based financial service and
payment company. The coin was expected to go live on the Ethereum mainnet Thursday,
which will enable users to start minting and redeeming it.
The REQ token advanced 60.02% to US$0.1367 at 4:45 am ET on Thursday. In contrast, the
global crypto market fell 4.18% to US$864.86 billion. Bitcoin (BTC) also sank below
US$20,000. It was trading at 3.71% lower to US$19,327.82.
Let’s understand more about the Request crypto.
What is Request (REQ)?
Request is an Ethereum-based decentralized payment system enabling people to pay or receive
money without intermediaries.
Users can create a payment request mentioning the amount, address, and whom to make the
payment. They can define the terms of payments and convert them into an invoice, which is
shared with a counterparty for payments.
All the steps are documented and stored on the Request Network for accounting purposes.
Request also complies with trade rules in different countries.
REQ token:
REQ is its utility token launched in 2017. Its current market capitalization is US$136.7
million with a circulating supply of 999.8 million. Its total supply is 999.9 million.
The top 100 token holders of the total 40,778 hold 82% of the assets. It can be traded on
Binance, Coinbase, Crypto.com, Bancor, OKX, and KuCoin crypto exchanges.
Bottom line:
The REQ token fell 88.41% from its all-time high of US$1.18 in January 2018. Its [rice
rallied after launching its payment plug-in for the e-commerce company, Shopify. But after
that, the token kept falling, hitting an all-time low of US$0.004651 in March 2020.
If you like this information please like share and comment on the video below subscribe to
the channel and press the bell icon to be notified of the latest videos for more information
and regular updates please head to the website kalkinemedia.com I’m sage for kalkine media.