Request REQ

What REQ actually is on-chain

Request is an ERC-20 deployed on Ethereum, at contract address 0x8f8221afbb33998d8584a2b05749ba73c37a938a. That address, not the ticker REQ, is what uniquely identifies this asset: anyone can deploy a second token calling itself REQ, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, REQ is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in REQ itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For REQ the project publishes a whitepaper, a public source repository and an active account as @requestnetwork. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where REQ sits in the market

#497 places Request in the bottom of the mid-cap band. At this end of the mid-cap band listing status is not a fixed property. Exchanges review names like REQ on volume grounds, and a delisting notice repricing the asset faster than any chart pattern is a more realistic tail risk than anything in the indicator set.

CryptoPingAi is currently streaming 4 live REQ order books (Binance, Gate.io, HTX, Bithumb). That is coverage in line with a #497 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

REQ against its all-time high

REQ is down more than 95% from its $1.06 peak (on 2018-01-06), leaving a 21.2x gap to reclaim. A drawdown this deep strips the record of analytical use: the supply structure, the holder base and usually the market cycle behind that print no longer exist. For REQ the informative reference is the downside, which makes the range section below more relevant than this one. It was set 9 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

REQ across its historical range

REQ has traded across a 233x range, between $0.00454707 and $1.06. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

Spot is about 11.0x above the all-time low of $0.00454707 (on 2020-03-13) — a substantial recovery, but one where a meaningful share of the holder base still has a cost basis within the visible range rather than far beneath it.

REQ supply structure

REQ is capped at 1.00 billion REQ, of which only 744.3 million is circulating — 74.4% issued, leaving 255.7 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset REQ is

Request trades primarily as an ecosystem asset rather than as a base-layer network of its own, which means it carries a beta to its host chain. When the host chain's native asset rallies, tokens in its ecosystem typically amplify the move in both directions, and liquidity for them is concentrated on that chain's venues.

CoinGecko files REQ under 3 categories, including Polygon Ecosystem, Ethereum Ecosystem, Payment Solutions. CoinGecko also records deployments on Polygon (531 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Request alert that is worth receiving

Request is the ERC-20 at 0x8f82…938a on Ethereum — quoted on 4 venues we stream — high dated 2018-01-06 — rank #497. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →