Request

Request (REQ) is an Ethereum-based decentralized payment protocol that aims to provide a secure and efficient alternative to traditional payment systems. The REQ token is the utility token that powers the Request Network and is used to incentivize and facilitate the network's operations. The Request Network allows users to create and share payment requests, known as "invoices," without the need for third-party intermediaries. These invoices can include detailed terms and conditions, and the entire payment process is recorded on the Ethereum blockchain, providing transparency and traceability. One of the key features of the Request Network is its push-based payment model, where the recipient of the payment request can detect and pay the invoice with a single click, without needing to share their account information. This eliminates the need for traditional pull-based payment systems, which can be more vulnerable to fraud and security issues. The REQ token is used for various purposes on the Request Network, such as anti-spam measures, governance, staking, and discounts. The decentralized nature of the network also allows for increased security, privacy, and data ownership for the end-users. The Request Network was founded by Christophe Lassuyt and Etienne Tatur, who are both alumni of the Y Combinator startup accelerator program. The project aims to disrupt the traditional payment industry by providing a more efficient, secure, and cost-effective solution for businesses and individuals.