What is Request (REQ)?

Deep Dive

1. Purpose & Value Proposition

Request Network eliminates intermediaries in payment processing, allowing users to create, send, and track invoices/payments directly on-chain. It automates recurring transactions (e.g., payroll, subscriptions) and supports crypto-to-fiat conversions, targeting businesses and DAOs seeking transparent, low-cost financial operations. By storing data immutably, it simplifies accounting and compliance across 25+ blockchains.

2. Technology & Architecture

Built on Ethereum, Request uses smart contracts to handle payment requests. Its API offers 7 payment types—including cross-chain swaps, batch transfers, and recurring flows—enabling seamless integration for developers. Recent upgrades to its Checkout and Payment Widget enhance customization, while partnerships (e.g., Aleo) add privacy features for confidential transactions.

3. Tokenomics & Governance

The REQ token (ERC-20) has a fixed supply of ~999M, with ~581k tokens burned to date. It serves three core functions:
- Anti-spam: Fees for creating payment requests.
- Governance: Holders vote on protocol upgrades via Discord.
- Staking/Discounts: Reduces service fees and secures the network.

Conclusion

Request Network fundamentally reimagines payment infrastructure by merging blockchain transparency with automated financial workflows. How might its API-driven approach accelerate adoption beyond crypto-native businesses into traditional finance?