Request

Request (REQ) is a utility token launched in October 2017 that powers the Request Network, a decentralized payment system built on Ethereum. The network lets anyone create a payment request directed to a specific address for a specific amount, optionally structured as a full invoice with terms and conditions. It is designed for individuals and businesses that want to send or receive money across borders without relying on a traditional financial intermediary.

The Request Network runs on Ethereum and is also present in the Polygon ecosystem, meaning transactions and data are recorded on those public blockchains rather than on a dedicated chain of its own, which is why no block time or independent consensus algorithm is stored for it. When a payment request is created, every step — the payee address, the amount, and any invoice terms — is written to the network so that all parties have a shared, auditable record for accounting purposes. The REQ token is described as a utility token that supports the performance and stability of the network, though the specific on-chain mechanics by which it does so are not detailed in the data held here.

The data stored for Request does not include a fee revenue stream, so no figures are available for fees collected, who pays them, or who receives them. This absence means that fee-based valuation measures that this site might calculate for other assets cannot be meaningfully applied here. What the data does show is a circulating supply of 796,694,831 REQ against a maximum supply of 1,000,000,000 REQ, leaving a dilution overhang of approximately 25.45 percent of the maximum supply still to enter circulation at the point-in-time this snapshot was taken. The ratio of fully diluted value to market capitalisation stands at 1.254454, reflecting that remaining unissued supply.