What is REQ: A Comprehensive Guide to Requirements Engineering and Management

12-17-2025, 5:41:59 PM
Bitcoin
Article Rating : 4
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What is REQ: A Comprehensive Guide to Requirements Engineering and Management offers an in-depth analysis of Request Network (REQ), a decentralized platform on the Ethereum blockchain. The guide explores how REQ addresses key challenges in enterprise payments by eliminating intermediaries and ensuring secure, transparent, and auditable financial operations. Aimed at businesses seeking efficient cross-border payment solutions, the article details REQ's technical architecture, market performance, and strategic positioning. The structured narrative covers its origins, network operations, and community engagement while maintaining emphasis on keywords like REQ, Ethereum, decentralized payments, and financial auditing.
What is REQ: A Comprehensive Guide to Requirements Engineering and Management

Request (REQ) - Comprehensive Market Analysis Report

Request's Positioning and Significance

Request (REQ) is a decentralized network built on the Ethereum blockchain, designed to address critical challenges in enterprise payment processing, invoicing, and financial auditing. By enabling secure, transparent payment requests across borders without intermediaries, Request provides an infrastructure-level solution for businesses requiring standardized, auditable financial operations.

As of December 2025, Request has established itself as a specialized payment finance platform within the broader cryptocurrency ecosystem, serving as a bridge between traditional financial workflows and blockchain-based settlement. The project boasts an active community of 41,294 token holders and maintains integration across 18 exchange platforms including Gate.com, facilitating global accessibility and liquidity management.

This report provides an in-depth analysis of Request's technical architecture, market dynamics, current valuation metrics, and strategic positioning within the decentralized finance sector.


Origins and Development History

Background and Motivation

Request emerged from the need to streamline enterprise-level payment processes by eliminating intermediaries and creating transparent, immutable financial records. The project addresses fundamental pain points in traditional invoicing and payment systems: high transaction costs, delayed settlement times, limited auditability, and geographical payment barriers.

By leveraging Ethereum's smart contract capabilities and decentralized infrastructure, Request delivers a financial platform where payment requests can be initiated globally, with all transaction data stored in a decentralized ledger. This architecture creates a trustless, standards-based approach to asset invoicing, accounting, auditing, and payment settlements—functions historically dependent on centralized financial institutions.

Network Launch and Key Developments

Request network was established in October 2017, during the initial expansion phase of Ethereum-based applications. The project deployed its core smart contracts on the Ethereum mainnet, enabling the foundational capability for decentralized payment request initiation and processing.

The platform has maintained continuous technical development through iterative improvements to its smart contract infrastructure, as evidenced by ongoing GitHub repository updates and community engagement. The project continues to expand its on-chain functionality while building partnerships and integrations within the decentralized finance ecosystem.


How Request Operates?

Decentralized Infrastructure Without Central Authority

Request operates through a decentralized network of Ethereum nodes that collectively process and validate payment requests without centralized control. This architecture eliminates dependency on traditional financial intermediaries—banks, payment processors, or corporate servers—granting users direct control over their payment workflows and transaction history.

The decentralized approach enhances system resilience by distributing processing across the global Ethereum network. No single entity can arbitrarily halt operations, modify transaction history, or restrict access, providing users with verifiable ownership and operational continuity.

Blockchain-Based Immutable Records

At its core, Request utilizes the Ethereum blockchain as an immutable, publicly verifiable ledger of all payment activities. Each payment request and settlement is cryptographically recorded within Ethereum blocks, creating an audit trail that cannot be retroactively altered or disputed.

The transparency of blockchain records enables:

  • Real-time verification of payment status and history
  • Automatic audit trails for regulatory and accounting compliance
  • Direct settlement between parties without intermediary reconciliation delays
  • Standardized data format enabling seamless integration with enterprise accounting systems

Smart Contract-Driven Verification

Request leverages Ethereum smart contracts to automate payment request creation, execution, and validation. Smart contracts enforce predefined rules—such as payment conditions, recipient verification, and settlement parameters—without requiring manual intervention or trust in third parties.

This verification mechanism prevents fraudulent payment requests and ensures that only legitimate, properly authorized transactions are executed on the network. The Ethereum network's validator ecosystem collectively confirms each transaction, creating Byzantine fault tolerance and protection against double-spending.

Cryptographic Security and Transparency

Request implements industry-standard public-key cryptography to secure payment requests:

  • Private Keys: Used to cryptographically sign and authorize payment requests, ensuring only legitimate account holders can initiate transactions
  • Public Keys: Enable verification that payment requests originate from authentic senders, similar to account identification in traditional banking

This cryptographic framework ensures that payment requests cannot be forged or modified in transit. Combined with Ethereum's transparent blockchain, the system enables pseudonymous transactions—users control identities through cryptographic keys rather than revealing personal information, while maintaining full transaction auditability required for regulatory compliance and financial reporting.


Market Performance and Valuation Metrics

Current Market Position

As of December 18, 2025, Request holds the following market metrics:

Metric Value
Current Price $0.10213
24-Hour Change +0.15%
Market Capitalization $76,014,459.47
Fully Diluted Valuation $102,070,431.75
Circulating Supply 744,291,192 REQ (74.43% of max supply)
Total Supply 999,416,741 REQ
Maximum Supply 1,000,000,000 REQ
24-Hour Trading Volume $22,702.98
Market Dominance 0.0032%
Global Ranking #400

Price Dynamics and Historical Performance

Request exhibits moderate volatility consistent with mid-cap cryptocurrency projects:

Price Trends:

  • 1-Hour: +0.55% ($0.000559 increase)
  • 24-Hour: +0.15% ($0.000153 increase)
  • 7-Day: -6.45% ($0.00704 decrease)
  • 30-Day: -15.45% ($0.01866 decrease)
  • 1-Year: -23.91% ($0.03209 decrease)

Historical Range:

  • All-Time High: $1.059 (January 6, 2018)
  • All-Time Low: $0.00454707 (March 13, 2020)
  • 24-Hour Range: $0.10111 - $0.10386

The significant decline from all-time highs reflects broader market dynamics affecting enterprise-focused blockchain projects and evolving market sentiment toward payment solutions in the cryptocurrency sector.


Community and Exchange Integration

Holder Base and Distribution

Request maintains an active community of 41,294 unique token holders, indicating decentralized participation across retail and institutional stakeholders. This distribution demonstrates ongoing community engagement with the project's vision of decentralized payment infrastructure.

Trading and Accessibility

The token is tradable across 18 global exchange platforms, including Gate.com, ensuring liquidity and accessibility for users seeking to acquire, trade, or liquidate REQ holdings. The multi-exchange listing reduces single-point-of-failure risks and enables geographic diversification of trading activity.


Blockchain Integration

Contract Deployment

Request operates its primary smart contracts on the Ethereum blockchain at contract address:
0x8f8221aFbB33998d8584A2B05749bA73c37a938a

Verification and transaction history are available through Etherscan, Ethereum's primary block explorer, providing complete transparency for network participants.


Community Resources and Information Channels

Request maintains active engagement through multiple official channels:


Conclusion

Request represents a specialized but important segment of blockchain-based infrastructure—decentralized, auditable payment and invoicing systems for enterprise users. Its positioning as an Ethereum-based smart contract platform enables standardized financial workflows without intermediaries, addressing genuine inefficiencies in cross-border payments and financial record-keeping.

With stable holder engagement and global exchange accessibility, Request continues to serve the niche market of organizations seeking transparent, blockchain-verified payment and accounting capabilities. The project's enterprise focus positions it differently from retail-oriented payment solutions, targeting institutional adoption where auditability and decentralization create competitive advantages over traditional financial platforms.

Request (REQ) Market Performance Report

Request's Market Performance

Circulation Overview

As of December 18, 2025, Request has a circulating supply of 744,291,192.26 REQ tokens, with a total supply of 999,416,740.93 REQ. The maximum supply is capped at 1,000,000,000 REQ tokens, indicating a fixed supply model that will approach complete circulation.

Currently, approximately 74.43% of the total supply is in circulation, demonstrating a relatively mature distribution phase. The remaining tokens will gradually enter the market, potentially affecting future supply dynamics and token economics.

Price Volatility

Request reached its all-time high of $1.059 on January 6, 2018, during the peak of the early cryptocurrency market expansion when blockchain-based financial platforms gained significant attention and speculative interest.

The token experienced its lowest price of $0.00454707 on March 13, 2020, during the broader market downturn that affected most digital assets. This represents a 99.57% decline from its peak, reflecting the significant volatility inherent in the cryptocurrency market.

As of December 18, 2025, Request is trading at $0.10213, with a 24-hour trading range between $0.10111 and $0.10386. Recent performance shows:

  • 1-hour change: +0.55%
  • 24-hour change: +0.15%
  • 7-day change: -6.45%
  • 30-day change: -15.45%
  • 1-year change: -23.91%

These fluctuations reflect evolving market sentiment regarding enterprise-grade blockchain payment solutions and the broader cryptocurrency landscape.

Check current REQ market price on Gate.com

Market Valuation

Request maintains a market capitalization of $76,014,459.47, ranking #400 by market cap. The fully diluted valuation stands at $102,070,431.75, representing the theoretical value if all tokens were in circulation.

The project commands a 0.0032% market dominance, with a 24-hour trading volume of $22,702.98, indicating moderate liquidity. The token is supported across 18 exchanges, with Gate.com being a primary trading venue.

Project Overview

Request is a decentralized network built on the Ethereum blockchain that enables anyone to initiate and receive secure payment requests from anywhere in the world. The platform stores all transaction data in a decentralized ledger, creating a comprehensive financial infrastructure for invoicing, accounting, auditing, and payment standardization.

Designed as an enterprise-level payment and financial audit platform, Request leverages cryptocurrency and blockchain technology to provide transparent, secure, and efficient financial operations for businesses of all sizes.

Community Engagement

Request maintains an active community across multiple platforms:

The project has 41,294 token holders, demonstrating a distributed holder base typical of established blockchain projects.

Request (REQ) - Comprehensive Market Analysis Report

Overview

Request is a decentralized network built on the Ethereum blockchain that enables anyone to initiate payment requests anywhere and provides secure payment methods to recipients. All data is stored in a decentralized ledger, creating a financial platform for asset invoices, accounting, auditing, and payment standards. It represents an enterprise-grade payment and financial audit platform based on cryptocurrency and blockchain technology.

Key Market Data (as of December 18, 2025)

Metric Value
Current Price $0.10213
Market Capitalization $102,070,431.75
Circulating Supply 744,291,192.26 REQ
Total Supply 999,416,740.93 REQ
Max Supply 1,000,000,000 REQ
24H Trading Volume $22,702.98
Market Ranking #400
Market Dominance 0.0032%
Circulating/Total Supply Ratio 74.43%

Price Performance Analysis

REQ has demonstrated the following price movements:

Timeframe Change Amount
1 Hour +0.55% +$0.0005586
24 Hours +0.15% +$0.0001530
7 Days -6.45% -$0.0070416
30 Days -15.45% -$0.0186624
1 Year -23.91% -$0.0320926

Historical Price Milestones

  • All-Time High: $1.059 (January 6, 2018)
  • All-Time Low: $0.00454707 (March 13, 2020)
  • 24H High: $0.10386
  • 24H Low: $0.10111

The significant gap between the all-time high and current price reflects the challenges faced by many early-stage blockchain projects during market cycles.

Market Position & Statistics

Request currently ranks #400 on the global cryptocurrency market, with a fully diluted valuation of approximately $102 million. The project maintains a circulating market cap of $76,014,459.46, representing 74.43% of its total supply. With 41,294 token holders and availability on 18 exchanges, REQ demonstrates a moderate level of market accessibility.

The market capitalization to fully diluted valuation ratio of 74.43% indicates that the majority of tokens are already in circulation, reducing potential dilution concerns for existing holders.

Project History & Launch

Request was published on October 20, 2017, with an initial price of $0.066. The project emerged during the early blockchain expansion period and has since evolved to establish itself as a specialized payment and financial audit platform on Ethereum.

Blockchain Integration

Network: Ethereum (ETH) Contract Address: 0x8f8221aFbB33998d8584A2B05749bA73c37a938a Verification: View on Etherscan

How to Engage with Request (REQ)

Trading & Purchase

REQ is available on multiple cryptocurrency exchanges including Gate.com, providing liquidity for users seeking to acquire or trade the token. The 24-hour trading volume of approximately $22,702 indicates the current market activity level.

Community & Information Resources

Conclusion

Request represents a focused approach to decentralized payment infrastructure on the Ethereum network, specializing in enterprise-grade financial audit and invoicing solutions. With over 41,000 token holders and presence on 18 exchanges, the project maintains an active ecosystem despite the broader market challenges reflected in its long-term price performance.

The project's specialization in payment requests and financial auditing differentiates it within the blockchain space, offering practical applications beyond speculative trading. Investors and users considering involvement with REQ should evaluate both the project's technical architecture and its market positioning relative to other blockchain-based payment solutions.

For further information, interested parties are encouraged to review the official website, monitor social media channels for updates, and examine the GitHub repositories for technical specifications and development progress.

FAQ

What does "req" mean?

REQ is the token symbol for Request Network, a blockchain-based payment protocol enabling decentralized invoicing and payment requests. It facilitates peer-to-peer transactions with automated settlement and transparency features.

What is a req in business?

In business, a req is an internal job order that initiates the hiring process when a manager receives approval to recruit for a new position. It represents the official authorization to begin recruitment for a specific role.

What does req mean in texting?

In texting, req is an abbreviation meaning request. It's a shorthand way to ask for something or request information from someone. Though not commonly used in casual messaging, it remains a recognized text abbreviation.

What is the full form of req in medical terms?

In medical terms, REQ stands for requisition. It is commonly used in medical and radiology settings to request supplies, services, or diagnostic procedures. This abbreviation streamlines communication within healthcare facilities.

* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
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