[Crypto projects](https://revain.org/projects/) › Request Network

# 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

## 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](https://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](https://request.network/)
- Docs: [docs.request.network](https://docs.request.network/)
- Token: [request.network/req-token](https://request.network/req-token/)
- Source code: [github.com/RequestNetwork/requestNetwork](https://github.com/RequestNetwork/requestNetwork)
- Legal notice: [request.network/legal-notice](https://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](https://request.network/)
- [Request Network — About us](https://request.network/about-us/)
- [Request Network — REQ token](https://request.network/req-token/)
- [Request Network — Legal notice](https://request.network/legal-notice/)
- [Request Network — llms.txt](https://request.network/llms.txt)
- [Request Network Docs — FAQ](https://docs.request.network/faq)
- [Request Network Docs — Secure Payment Pages](https://docs.request.network/api-features/secure-payment-pages)
- [Request Network Docs — llms.txt](https://docs.request.network/llms.txt)
- [GitHub API — RequestNetwork/requestNetwork](https://github.com/RequestNetwork/requestNetwork)
- [Request Network Docs — Welcome](https://docs.request.network/use-cases/welcome)

## More in this section

- [LUKSO (LYX)](https://revain.org/projects/lukso/)
- [Novacoin (NVC)](https://revain.org/projects/novacoin/)
- [Juventus Fan Token (JUV)](https://revain.org/projects/juventus-fan-token/)
- [ReddCoin (RDD)](https://revain.org/projects/reddcoin/)
- [Gnosis Chain (GNO)](https://revain.org/projects/gnosis-chain/)
- [Electroneum (ETN)](https://revain.org/projects/electroneum/)
- [All Crypto projects →](https://revain.org/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: 2026-11-01

---
Source: https://revain.org/projects/request-network/