Request
Crypto Overview
Purpose and Utility
Request (REQ) is a decentralized payment system built on Ethereum that aims to modernize payment requests and invoicing. The platform enables users to create, share, and pay invoices using cryptocurrency, serving as a payment protocol for businesses and individuals.
Business Model
Request's business model focuses on facilitating transparent, secure payment requests and invoicing. The platform charges small fees for payment processing, which are partially burned and partially used for network operations. The core functionality doesn't involve interest-based lending or prohibited activities.
Real-World Adoption
Request has secured partnerships with various organizations and is being used by businesses for crypto payments and invoicing. Notable partnerships include integrations with Maker DAO and Aave for payment solutions. The platform processes real transactions, though volume varies.
Development Activity
The project maintains active development, with regular updates to its protocol and products. The team consistently releases new features and improvements, demonstrating ongoing commitment to the platform's utility.
Token Distribution and Vesting
Initial token distribution included allocations for team, advisors, and early investors with vesting periods. While early investors and team members received significant allocations, vesting schedules were implemented to prevent immediate selling.
Technology and Revenue Model
The primary revenue model relies on transaction fees from payment processing, which is permissible under Islamic finance principles as it represents payment for a service rather than interest-based income. The platform doesn't facilitate lending or interest-bearing products.
Crypto Impact
To assign a comfort level investing in Request from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Request.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.