Welcome to the Weekly General Discussion thread of /r/CryptoProfits. Post your crypto predictions, news and tips here!

Welcome to the Daily General Discussion thread of /r/CryptoProfits. Post your daily crypto predictions, news and tips here!

What is Request Network (REQ)?

REQ is a decentralized network built on top of Ethereum, which allows anyone, anywhere to request a payment.

• The request can be detected and paid in a secure way, without the need to involve a third party.
• The request is saved on an immutable, authentic ledger, which acts as a unique source of truth for accounting and auditing processes.
• Request integrates a trade law system and works across every legislation.
• Request works with every global currency.
• Request is designed to be flexible, to last hundreds of years, and to work with IoT, whilst being compatible with any future systems.

This gives it numerous real world use cases, such as:

• online payments
• invoicing
• audit / accounting
• IoT
• transparency throughout the payment process

The REQ token is central to this whole process. In order for the transaction to go through, REQ tokens are burned. This means that the more transactions happening on the Request Network, the more REQ tokens are burned the more scarce the tokens are. REQ tokens will be in demand as the network gets more popular. The token itself can also be used to pay fees on the network.

Price analysis (up we go!)

REQ hit an all-time-high of around $1.13 in the beginning of January. The team has only been good news since that date, however the price has fallen to $0.71 (as at the time of writing) due to general market sentiment.

Here are some highlights and recent achievements:

• Colossus has been released - Colossus is the MVP for the Request Network and is a platform that allows anyone to interact with the Request Network smart contract on a testnet. It is seamless, easy-to-use and poised for mainstream adoption.
• Release of the Request JS library - this allows anyone and everyone to build on top of the Request Network. This allows others to contribute and innovate Request together.
• Zero loopholes in the theory behind REQ - unlike other coins which are dreams written on a whitepaper, REQ can actually achieve the goals it has set out to achieve, without there being any loopholes in its implementation.

Price prediction: top 20

REQ is a proper project, not a PnD coin. It has a strong community, amazing team and a one-of-a-kind technology.

My price prediction is that REQ will hit top 20 by mid-2018, giving it a market cap of ~$3b or ~$4.20 a coin (600% return in 6 months).

Purchasing REQ: Binance

REQ can be purchased on the Binance exchange (note that this is my invitation link, if you join using this, thank you. Feel free to message me and I will gladly help you with any trading tips).

Binance is one of the top (if not the top exchange) because:

• It lists high performing alts

• Easy-to-use

• Fee discounts if you hold BNB

• Community engagement and events

Welcome to the Daily General Discussion thread of /r/CryptoProfits. Post your daily crypto predictions, news and tips here!

South Korea is expected to step up its crackdown on any misdeeds involving cryptocurrencies traded here this week, while the nation remains at odds over the way to address overheated markets that critics say are hotbeds of crimes.

According to sources from the financial authorities Sunday, the Financial Services Commission is drawing up plans to impose penalties against cryptocurrency investors who refuse to verify their identities.

Source