Request
REQ
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Request (REQ) functions as an on-chain invoicing and payment protocol across Ethereum and Polygon. Due to widespread search contamination with unrelated software packages and marketing entities, four of the six evaluation sections suffered from significant data gaps and were assigned -1.0 (Active Development, Community Support, Team & Governance, and Security & Audit History). None of the retrieved sources affirmatively established any qualifying red-flag events, protocol hacks, regulatory actions, or malicious activity. Among the evaluable sections, REQ demonstrates solid tokenomics (7.0/10) characterized by a 100% circulating fixed supply of 1 billion tokens, zero vesting/inflation overhang, and a deflationary fee-burn mechanism. Its market and use-case evaluation (5.5/10) reflects established protocol utility in cross-border crypto invoicing, tempered by strong competition and limited visibility into current market adoption metrics. Excluding data-deficient sections, the proportional weighted score is 6.36/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Request (REQ)
Request (REQ) is the native utility and governance token of Request Network, a decentralized payment protocol operating across Ethereum and Polygon. Launched via an initial coin offering in 2017, the protocol is designed for cryptographically verifiable on-chain invoicing, billing, and accounting for cross-border commerce. It provides an open-source, auditable framework intended to enable automated financial interactions and document management between counterparties.
The REQ token operates with a fixed total supply of 1 billion tokens, which were fully distributed at genesis without ongoing inflation or remaining lockups. The initial distribution allocated 49.97% to the public ICO, 20.01% to early contributors, 18.01% to the team and advisors, and 12.01% to the foundation. Within the protocol, REQ serves governance functions and incorporates a deflationary token-burn mechanism, where transaction fees collected on Gnosis Chain are bridged to the Ethereum mainnet, converted to REQ, and permanently burned.
While the protocol's fixed supply structure removes future vesting or dilution overhang, Request operates within a competitive crypto-invoicing and payments sector. Evaluated data highlights modest demand as reflected in trading activity, alongside visibility constraints regarding overall market participation and real-time adoption metrics across its supported networks.