What is Request (REQ)?

Deep Dive

1. Purpose & Value Proposition

Request Network eliminates financial intermediaries by enabling direct, programmable payments on-chain. Its core use cases include:
- Invoicing: Immutable records of payment requests, terms, and settlements stored on Ethereum (Request Whitepaper).
- Recurring payments: Supports subscriptions, payroll, and DAO treasury disbursements via API integrations like Kryptos.
- Compliance: Adapts to global trade laws, offering audit trails for businesses and institutions.

2. Technology & Architecture

• Built as an Ethereum Layer 2 solution, with Polygon compatibility for cheaper transactions.
• Uses ERC-20 tokens (REQ) to pay network fees, stake for governance, and prevent spam.
• Recent upgrades introduced seven payment types, including crypto-to-fiat conversions and batch payouts (Request Network API).

3. Tokenomics & Governance

• Fixed supply: 1 billion REQ initially, with burns reducing circulation (581,199 tokens burned as of July 2025).
• Utility: Staking grants voting rights on protocol upgrades and fee adjustments.
• Anti-inflationary: Transaction fees are partially burned, aligning token scarcity with network usage.

Conclusion

Request reimagines financial infrastructure by merging blockchain’s transparency with enterprise-grade payment automation. Its modular API and multi-chain design position it as a bridge between crypto and traditional finance. Can Request’s compliance tools and developer-friendly design outpace rivals in the race for real-world crypto adoption?