Request Network (REQ): how it works, supply and reviews
In short
- Status
- Live: request.network describes an operating stablecoin payment protocol with an API, dashboard and hosted payment page on 31 October 2026.
- Type
- Payment protocol, not a blockchain; it stores payment requests and reconciles on-chain payments
- Maximum supply
- Fixed supply of 1 billion REQ, all distributed at genesis; no inflation or new issuance
- Risks and caveats
- Request Network says it holds no payments licence or VASP registration because it never holds funds.
- Checked
- 31 October 2026
Visitor ratings: do you like Request Network?
Key facts
- Ticker
- REQ
- Status
- Live: request.network describes an operating stablecoin payment protocol with an API, dashboard and hosted payment page on 31 October 2026.
- Official site
- request.network
Key facts checked on 31 October 2026 against official sources.
What is Request Network
Request Network is a payment protocol for creating, paying and reconciling crypto and stablecoin payment requests directly between wallets. It is stewarded by a Swiss foundation and its token, REQ, is used for governance and is burned when requests are stored on-chain.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Payment protocol, not a blockchain; it stores payment requests and reconciles on-chain payments |
| Runs on | Request contents are stored in IPFS; only the content ID (CID) is written on-chain, on Gnosis Chain |
| Payment chains | Common EVM chains (Ethereum, BNB Chain, Base, Polygon, Arbitrum, Optimism) and Tron; payers can pay in USDC or USDT |
| Custody | Non-custodial: funds move directly from payer to recipient |
| Launched | Live on-chain since 2017 |
| Products | Three products: the Dashboard, the Secure Payment Page and the API |
Supply and issuance
| Parameter | Details |
|---|---|
| Maximum supply | Fixed supply of 1 billion REQ, all distributed at genesis; no inflation or new issuance |
| Initial distribution | Public token sale (2017) 49.97%, early contributors 20.01%, team and advisors 18.01%, foundation 12.01% |
| Fee burn | REQ is burned each time a request is stored on-chain |
| Vesting | No vesting schedule; the full supply is already vested |
What REQ is used for
- Burned when a request is stored on-chain
- Governance over the protocol and the foundation
Who develops and governs Request Network
- Legal entity
- Request Network, a Swiss Stiftung (foundation) in Zug, registered under CHE-422.666.391
- Foundation
- Chairman of the Foundation Board: Christophe Lassuyt
- CEO
- Tristan Wallaert
- Funding
- No venture funds; the foundation is funded through REQ
- Founders
- Founded and incubated at Y Combinator
- Open source
- JavaScript library on GitHub under the MIT licence
History
| Date | Event |
|---|---|
| 2017 | Request Network launches through a token sale that raised approximately 100,000 ETH. |
| 7 November 2017 | The RequestNetwork/requestNetwork code repository is created on GitHub. |
Security and audits
- The hosted Secure Payment Page checks that a transaction targets official Request Network contracts before the payer signs.
- Optional wallet screening checks the paying wallet with Hypernative against sanctions, money-laundering and terror-financing signals.
Security incidents
Incidents are reported by third parties (press, incident databases) but are not confirmed in the company’s own channels, so none is listed here.
Risks and caveats
- Request Network says it holds no payments licence or VASP registration because it never holds funds.
- The 2017 whitepaper is a historical document; parts of the early token design have changed.
- Cross-chain payments are routed through bridges and are not instant; final status comes from the webhook.
Official links
- Website: request.network
- Docs: docs.request.network
- Token: request.network/req-token
- Source code: github.com/RequestNetwork/requestNetwork
- Legal notice: request.network/legal-notice
Questions and answers
What is Request Network?
A payment protocol for creating and paying crypto and stablecoin payment requests directly between wallets, stewarded by a Swiss foundation.
What is the supply of REQ?
REQ has a fixed supply of one billion tokens, all distributed at genesis, with no new issuance; REQ is burned when requests are stored on-chain.
Is Request Network the same as Request Finance?
No. Request's own FAQ says Request Finance is a separate company that built its product on the protocol.
Who is behind Request Network?
Request Network is a Swiss Stiftung in Zug, chaired by Christophe Lassuyt; it was founded in 2017 and incubated at Y Combinator.
Sources
- Request Network — Home
- Request Network — About us
- Request Network — REQ token
- Request Network — Legal notice
- Request Network — llms.txt
- Request Network Docs — FAQ
- Request Network Docs — Secure Payment Pages
- Request Network Docs — llms.txt
- GitHub API — RequestNetwork/requestNetwork
- Request Network Docs — Welcome
More in this section
- LUKSO (LYX)
- Novacoin (NVC)
- Juventus Fan Token (JUV)
- ReddCoin (RDD)
- Gnosis Chain (GNO)
- Electroneum (ETN)
- All Crypto projects →
How voting works
Votes are anonymous and carry no text. Each device has one vote per item; press the same button again to remove it. Cloudflare Turnstile checks that a person is voting. We keep a random device ID in a cookie and a salted hash of the IP address to limit abuse — no names, no accounts. Votes are visitors’ opinions, not investment advice.
Page updated: