What is Request Network? Request is a decentralized network that allows anyone to request a payment (a Request Invoice) for which the recipientShow more [+] can pay in a secure way. All of the information is stored in a decentralized authentic ledger. This results in cheaper, easier, and more secure payments, and it allows for a wide range of automation possibilities. Request can be seen as a layer on top of Ethereum, which allows requests for payments that satisfy a legal framework. It is also possible to see currencies as tools to complete Request transactions. In this sense, Request is more global than any currency.
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.