What is the issuance amount of Request (REQ) coins?

Key Points:

• Request (REQ) is an Ethereum-based ERC-20 utility token that powers the Request Network, a decentralized payment and invoicing platform.
• The REQ token is used to pay for transaction fees, dispute resolution services, and other services on the Request Network.
• The issuance amount of REQ coins is 1,000,000,000.

Issuance Amount of Request (REQ) Coins:

The issuance amount of Request (REQ) coins is 1,000,000,000. Of this total supply, 15% was allocated to the development team, 15% to early contributors, and 70% to a token sale held in 2017.

Token Distribution:

• Development Team: 150 million REQ (15%)
• Early Contributors: 150 million REQ (15%)
• Token Sale: 700 million REQ (70%)

Token Sale:

The Request Network token sale was held from October 18 to October 31, 2017. The sale raised approximately $48 million in ETH and BTC. The tokens were sold at a price of 0.0025 ETH or 0.00025 BTC per REQ.

Token Use Cases:

The REQ token is used for a variety of purposes on the Request Network, including:

• Paying transaction fees
• Paying for dispute resolution services
• Staking to earn rewards
• Governance (in future versions of the Request Network)

FAQs:

• What is the current price of REQ?
  • The current price of REQ can be found on cryptocurrency exchanges such as Binance, Coinbase, and Kraken.
• What is the market capitalization of REQ?
  • The market capitalization of REQ is approximately $100 million.
• What is the future of REQ?
  • The future of REQ depends on the adoption and growth of the Request Network. If the Request Network becomes a widely used platform for payments and invoicing, the value of REQ is likely to increase.