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/biz/ - Business & Finance

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File: 76 KB, 1613x444, requestnetworkfebupdate.jpg [View same] [iqdb] [saucenao] [google]
27633556 No.27633556 [Reply] [Original]

What's up everyone? It's your favorite REQ shill in the house bringing you some monthly updates to a /biz "favorite" Request Network.

Updates & News

Price: Currently around .047 cents
https://www.livecoinwatch.com/price/RequestNetwork-REQ

1) Month of January is completed, less transactions than December but 2nd highest all-time. Keep in mind that there was a lot of test transactions in December. Usage is looking good and slowly climbing.

2) Latest public adopter of Request Invoicing technology is Celo Foundation, alongside the previously known Maker Foundation.

3) 0.23123 ETH is currently in the Burner Address. Close to about ~$380 worth of REQ tokens waiting to be burned. About 53,000 REQ tokens were burned early January.
Contract Address: https://etherscan.io/address/0x7b3c4d90e8af6030d66c07f8f815f9505e379d6f

4) Future token usage updates:
-Governance to be added down the line
-Staking to be added

Currently a while away (probably a year at least), but progress is being made.

5) REQ Foundation has an estimated $30+ million ETH left to bankroll operations (although, with ETH's large increase, probably a lot more).

>> No.27634108

Request is literally the definition of token not needed.

>> No.27634229

>>27634108
Guess they better tell MakerDAO to stop using it then

>> No.27634235

You don't need to shill me. Bags are loaded and I'm strapped in!

>> No.27634293

I REQUEST MY MONEY BACK

>> No.27634591

There are 2 types of people:
- the one burned in 2018 by a $1 dca
- all the rest who got cheap req and will get rich

>> No.27634768

Compount intrest with every payment is being worked on too. Awesome feature.

>> No.27634805

Can't wait until they announce the name of that high profile client they've been testing all the volume for back in December!

>> No.27634945

I just bought REQ again.
What the fuck is wrong with me?

>> No.27635202

>>27634108

Every invoice is about .10 cents, if I recall correctly. No matter what, the fees for every invoice is sent to the burner address.

This also prevents spam attacks. Instead of PoW like BTC or ETH, or PoS like Tezos and other cryptos, it uses a Proof or Burn mechanism.

>> No.27635229

Tell us the current burn rate. Nothing else matters

>> No.27635434

>>27635229

The image literally shows you. It's based off the # of invoices (which charge .10 cents) per invoice. December is an all-time high, but spiked heavily due to tests.

This fee is stored in ETH, so the ETH <-> REQ ratio obviously changes depending on when the burner contract is called.

>> No.27636663

>>27635434
You think this weird and creepy thing can get to ATH?

>> No.27637357

>>27636663
It's a long way there still but if the team keeps delivering like it is now then I think it's got a fair shot

>> No.27638795

>>27633556

stop shilling it. Im not done accumulating. 500k here goal is 1 Million.

>> No.27638899
File: 598 KB, 967x1145, EA5EEAC7-3E81-4BA8-B13F-97328C058602.png [View same] [iqdb] [saucenao] [google]
27638899

Load up boyos

>> No.27639315

aaaaaaaaand massive dump

>> No.27639422

Shut the fuck up OP. I need more time.

>> No.27639601
File: 245 KB, 1000x1159, 1605930023655.jpg [View same] [iqdb] [saucenao] [google]
27639601

Glad I wasn't retarded and sold my req for link back in 18' when I realized this shitcoin doesn't even need a token to fucking function

>> No.27640044

>>27639601
It does though? Do you read well?

I hear Derrick Zoolander has a school for people like you.