The Request Network token launch ended successfully with 100% of the tokens distributed. We are glad to have received positive feedbacks from the community and that the event happened in a smooth way.

The fundraising was capped at 100,000 ETH for 500,000,000 REQ and we limited the number of approved registrants at 14,895.

Every participant had an individual cap of 6.713ETH for the first day which increased by 6.713 the 2nd day and doubled every day after. This way we allowed everyone to participate without rush.

To protect contributors from phishing we created google ads, always communicated in advance on how and where we would communicate and reported instantly every phishing website to EtherAddressLookup.

Despite the recent political announcements from China and South Korea and the Ethereum fork, the event has been successful in less than 3 days. 100% of the tokens have been distributed to our community of contributors.

Thanks to this support, our next milestone for the end of the year is Request Colossus (see our roadmap here)

Number of contributors and amounts contributed

Our team made huge efforts to allow everyone to participate and to have a fair distribution with as few institutional contributors and duplicate accounts as possible. That’s why we were strict on the KYC process. We also prevented most changes after the registration in order to avoid the fundraising of Request KYC accounts. By doing so, we keep a strong community of contributors. Out of the 14'895 approved registrants, 11'467 have participated, i.e. 77% of the total. Also, the slow increase of the individual cap allowed a participation without rush.

Number of participants by day

11,077 people participated the first day, 3,300 the 2nd day and 1,502 the 3rd day.

Average individual contribution by day

On day 1, the average individual contribution was 5.6 ETH, it was 5.4 ETH on day 2 and 7.6 ETH on day 3.

Amounts contributed

22.3% of the participants (2,563 persons) contributed for less than 6.713 ETH. 67.6% (7,758 persons) contributed between 6.713 and 13.426 ETH. And 10% (1,146 persons) contributed between 13.426 and 26.852 ETH.

Contributions Distribution

The event ended the 3rd day with the following token distribution:

66.6% were sold on day 1,

19.4% on day 2,

and the remaining 14% on the third day.

Nationalities breakdown

The participation rate varies depending on the nationalities. Of the most represented nationalities of the whitelist, the Chinese have a high participation rate while the South Koreans have finally contributed to 58%.

135 different nationalities have participated. The top 5 contributors are China, South Korea, Russia, France and Canada.

We’re proud to be supported by such a diversified community.

We are looking forward to launching the first version of Request on the main net and will invite you to test as soon as available.

We will keep communicating every 2 weeks about development updates. Feel free to take a look at our roadmap at https://request.network.

Follow us on Twitter, Slack, Telegram and Reddit to be the firsts notified!