REQ tokens are ERC20 tokens which are necessary to participate in the network, create advanced Requests and reward various parties who will help build the request ecosystem. When using the network, the participants will need to pay a network fee in REQ which will be burned. Burning the tokens could potentially increase the demand on the remaining REQ tokens.
In world Trading volume, 5 Trillion dollars are exchanged back and forth among the world economy participants every single day and we believe that the Request Network can solve many of the problems faced today by marketplaces, payment providers, audit companies, accounting system, B2B providers and customers.
The token will also be used as a way to be currency agnostic, for governance, technical independence and for Requests compensation (auto settlement process). Read more about the usage in our whitepaper.Legal
The Request Network project will be operated by the “Request Network Foundation”, a Swiss foundation. (same as Ethereum and Tezos Foundations)Secure your token
If you plan to hodl your tokens until our protocol is widely used, you can use a traditional wallet managing ERC20 tokens. REQ tokens are also compatible with the hardware wallet Ledger which is in our opinion one of the best way to secure your funds.[Warning Message]
We will NEVER request public contributions before the token launch date on October 13.
There is ONLY ONE official channel affiliated with Request Network: our slack requestnetwork.slack.com. Our slack is our whitelist, join the slack with this invitation link here.