REQ
the token of the Request Network ecosystem
Request Network is a payment protocol. Live on-chain since 2017, used to settle stablecoin payments directly between wallets. Open and community-owned. REQ powers it through two functions: governance, exercised by holders over the protocol and the foundation, and a burn mechanism that fires on every request stored on-chain.
Trade REQ on
Binance
Coinbase
MEXC
KuCoin
WEEX
Crypto.com
Kraken
Bitvavo
Gate.io
Where utility meets governance
Utility
REQ is burned each time a transaction is stored on-chain, so the token is tied to real use of the network.
Governance
REQ holders have a say over the direction of the protocol and the foundation that stewards it.
Community-owned
No venture funds and no single company in control. The foundation is funded through REQ.
Proven
A live, working product, not a whitepaper promise. In use since 2017, with more than $2 billion settled wallet-to-wallet.
History
The beginning.
In 2017, a small team made a large wager. Financial infrastructure could be rebuilt from scratch. Open, permanent, owned by no one. Every payment, every invoice, every settlement on-chain, with no intermediary taking a cut and no single company controlling the rails. The protocol launched through one of the largest token sales of that year, raising approximately 100,000 ETH.
The hard lesson.
The team built invoicing. Businesses used it. But invoicing without payment volume doesn't compound. And a network that doesn't grow doesn't survive. Crypto payments were growing, but in the wrong direction: through exchanges, custodians, centralised intermediaries. The wallet-to-wallet future the whitepaper described was stalling, not because businesses didn't want it, but because nobody had made it work well enough. No seamless flow across chains. No built-in compliance. Reconciliation left as a manual problem. The vision was right. The usability wasn't there.
Starting over with the right foundation.
Payments first. Everything else follows. The focus narrowed to where crypto payments already existed: industries underserved by traditional finance, where users already transact on-chain, where the friction is real and immediate. Then the scope expanded: wallet screening before funds move, reconciliation automatic. The full experience was rebuilt until it was simpler than what came before.
Today.
Request Network is what it was always building toward. A complete payment product, direct wallet to wallet, any chain, any token, with no intermediary in the middle and no extractive fee at the end. Over $2B processed. A protocol that's been live and running since the beginning.
Market data
Market data provided by CoinGecko. Updated every 5 minutes.
Token allocation
A fixed supply of one billion REQ, distributed at genesis. No inflation, no new issuance.
The full supply was distributed at genesis. There is no vesting schedule — everything is already vested.
Frequently asked questions
REQ is the native token of Request Network, an open-source, community-owned payment protocol founded in 2017.
Two things. It is burned as the network is used, which ties it to real activity, and it carries governance rights over the protocol and the foundation behind it.
No. Request Finance is a separate company that built its product on the protocol. Request Network is the open protocol and its community-owned foundation. They are not the same entity.
No venture fund or single company. The protocol is stewarded by a community-owned foundation, funded through REQ, and steered through governance in which REQ holders take part.
A portion of REQ is removed from circulating supply each time a request is stored on-chain. It is a function of how the network is used.
REQ holders can take part in decisions about the protocol's direction and the foundation. Proposals and discussion happen on the official governance forum: https://discord.com/invite/rGwS8YmJ
REQ is listed on multiple exchanges and brokers worldwide. See the exchange listing on this page. Availability varies by region and platform.
Always use the official addresses listed in the Request Network documentation. Do not trust addresses from any other source.
The whitepaper is a historical document. Some of what it describes about the token's early design has since changed as the protocol focused on payments.
Official resources
Documentation, governance forum, whitepaper, and verified contract addresses.