Request Network (REQ)
Request Network is a decentralized network for payment requests.
IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.
REQ tokens are ERC20 tokens which are necessary to participate in the network and create advanced Requests. The REQ will be paid as fees to the validators of the Request Network (i.e. can be anyone staking his request tokens) and to the developers of the extension. As an investor the fee that one will receive is proportional to the use of the Request Network.
What is Request Network
- The request can be detected and paid in a secure way, without the need to involve a third party settings - The request is saved on an immutable, authentic ledger, which acts as a unique source of truth for accounting and auditing processes settings - Request integrates a trade law system and works across every legislation settings - Request works with every global currency settings - Request is designed to be flexible, to last hundreds of years, and to work with IoT, whilst being compatible with any future systems.
DetailsPublic sales: Oct 11, 2017 - Oct 15, 2017
Raised: 32,895,000 USD
Token infoTicker: REQ
Token price in USD: 1 REQ = 0.06 USD
Accepted currencies: TBA
Crowdsale: 50% Early Backers & Investors: 20% Retained by Request and external Development Fund: 15% Team and advisors (current & future): 15% (will be vested for 2 years). Funds allocation: Development: 55% Research: 15% Marketing & Partnerships: 15% Operations & Business: 10% Legal: 5%
Request Network Roadmap
Release final draft of the whitepaper Launch the Request Network website
Token Launch First version of Request working with Ethereum on Test Net Proof of concept : Request Core working with a Bitcoin Oracle Release of the API to create, read and update Requests Release of the technical papers discussing architecture, upgrades, and accounting implementation details
The first iteration of Request working with Ethereum on Main Net Deploy management of crypto-currencies to Request (ERC20 tokens ) Deploy the web site to create, visualize and interact with Requests Add Request management of accounting concepts such as refund, credit note and purchase orders Working on partnerships with Accounting, Payment and Audit firms Launching the "Pay with Request" project: an online button which will offer an alternative to the traditional "Pay with Paypal" and "Pay with credit card" methods Outside audits of the Request Contracts
Proof of concept of Privacy using ZkSnarks Add management of fiat-currencies to Request (USD, EUR, CNY ) Launching the "Request & Transparency" project. We will work with city halls, associations and governments to publish real time information on their budget. Organize discussion groups around Payment Requests with institutions such as Worldbank, IMF, ECB and the UN
Deploy the Escrow extension to allow the release of funds upon delivery or upon satisfaction of other conditions. Deploy the Tax extension to automatically pay taxes in real time Deploy the Down Payment extension to specify an amount to pay and a specific date on which to process it Deploy the Late Fees extension to specify penalties if a Business is not paid on time. Add a Reputation Offchain layer
Deploy a governance system (Vote/Token Chat) Launching the "Internet of Things framework" project Deploy inter-currency settlement through REQ token to facilitate international payments Launching the "Continuous Payment" extension, which will act as a Down payment with an infinity of micro payments