This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The first place to start is the Braintrust website, here and the Braintrust blog.Another great resource to learn about BTRST is through the Braintrust community itself, and the Braintrust Discord server. It all starts with an idea that materializes into a “proposal,” which is a write-up of the idea in more detail with some description and argumentation to make the case. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page.
- There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
- The Fee Converter Protocol upgrade (approved by the community in February 2022) ensures we won’t exhaust the Treasury and the flywheel will keep turning.
- Instead, they are incentivized through the network’s infrastructure, receiving payment in its native cryptocurrency BTRST — which they can hold, or convert to fiat or other cryptocurrencies.
- As a decentralized network, Braintrust community members have total freedom and ownership of their BTRST.
- Members from the community then express their opinion on the proposal by voting on it with the BTRST tokens that they hold in their crypto wallet, which will act as votes signaling voting power to their vote.
Redeem tokens for special perks created exclusively for the Braintrust community such as free and discounted software, products, career resources, and community perks. And we’re continually adding new ways for Talent to use BTRST, so you’ll always have options. Not only does this put more control in the hands of the community, it helps grow the network rapidly.
How do I get access to BTRST?
The more BTRST tokens you have, the more voting power you will have when casting your vote. Braintrust’s protocol was developed with many built-in incentives for both the talent and companies that use its services, as it was designed to leverage the recruitment industry by removing cost and efficiency barriers. Braintrust vets all talent in its system to ensure accurate, high-quality matches for companies and hiring managers on its platform. As it was developed on the Ethereum blockchain network, it now uses a proof-of-stake (PoS) consensus mechanism (due to the Ethereum Merge). Additionally, BTRST is an ERC-20 token, as well as a governance token. As such, Braintrust’s talent has the opportunity to participate in decisions that influence the future of the network.
What does the BTRST token do? What’s its utility?
Please be vigilant to ensure that the BTRST tokens you are purchasing are in fact legitimate. You can also earn BTRST tokens through community perks and bounties. It is up to you to determine how you would like to store your BTRST tokens. If you don’t feel comfortable storing your own BTRST tokens, you can leave them on the Braintrust platform, which uses Coinbase and Anchorage to store tokens.
The token is used as an incentive to reward our community for building the decentralized network, inviting and vetting talent, and referring clients. The fixed amount ensures there is no dilution of the token over time. The Fee Converter Protocol upgrade (approved by the community in February 2022) ensures we won’t exhaust the Treasury and the flywheel will btrst price keep turning. Client fees processed by the fee converter send BTRST to the on-chain DAO which can then be used to continue to fund community/referral rewards. Yes, anyone can absolutely earn BTRST, including freelance talent and enterprise clients. BTRST can be earned by contributing to the platform by referring talent, vetting talent, or referring clients.
By helping that peer in their search for skilled knowledge workers, the original client could receive BTRST when the new client successfully brings on Braintrust talent. The 15% service charge that clients pay is used to fund community programs. The price of Braintrust in the IEO was $ 1.00 and the token sale ended on Sep 9, 2021. Since then, BTRST price increased 1.39x against US Dollar, increased 2.08x against Ethereum and increased 1.50x against Bitcoin. It has a fixed supply of 250 million tokens, meaning the total number of tokens in circulation can never surpass that amount. Braintrust does not control when and if exchanges will pick up BTRST.
Braintrust price in US Dollar has increased by 82.55% in the last 1 month. BTRST is up 78.67% against Ethereum and up 80.44% against Bitcoin in the last 1 month.
Are there any examples of governance proposals?
Braintrust’s unique business model allows talent to retain 100% of their earnings and enables organizations to spin up flexible, skilled teams on-demand at a fraction of the cost of traditional staffing firms. This new business model that limits fee extraction and enables community ownership is uniquely enabled by a blockchain token. Ownership and governance in the Braintrust Network is represented by the BTRST token.
54% of total token supply is reserved for community rewards and are programmatically granted by the referral engine, community perks, and bounties. When a client remits a fee payment, it is sent to the Fee Converter, which is a smart contract that was proposed, approved, and built by the Braintrust community. The Fee Converter then converts the payment into BTRST, and directs it to the Braintrust DAO where it is used to fund community programs such as referral rewards, community https://cryptolisting.org/ grants, and to replenish the Braintrust on-chain treasury. As a decentralized network, Braintrust community members have total freedom and ownership of their BTRST. They can choose to keep the tokens in their Braintrust wallets, or move them to a wallet of their choosing. Members from the community then express their opinion on the proposal by voting on it with the BTRST tokens that they hold in their crypto wallet, which will act as votes signaling voting power to their vote.
Braintrust uses blockchain technology to transparently distribute control of its network to the community members who contribute to building it. Braintrust is the first decentralized talent network that connects skilled, vetted knowledge workers with the world’s leading companies. The community that relies on Braintrust to find work are the same people who own and build it, ensuring the network always serves the needs of its users, instead of a centrally-controlled corporation. Braintrust is the first decentralized talent network that connects highly skilled technical freelancers with the world’s most reputable brands like Nestle, Porsche, Atlassian, Goldman Sachs and Nike.
Instead, they are incentivized through the network’s infrastructure, receiving payment in its native cryptocurrency BTRST — which they can hold, or convert to fiat or other cryptocurrencies. This also allows the network to offer companies better rates for the services it provides, since it doesn’t take a significant cut of the pay earned by its talent. Braintrust is a decentralized talent platform where companies seeking tech talent are able to connect with said talent. The platform is known for taking an active interest in securing talent by providing its services at no cost to them. The Braintrust Token is an ERC-20 token issued on the Ethereum blockchain network by the Braintrust Technology Foundation, a nonprofit foundation.
The latest BTRST token supply and allocation can be referenced in the Network Dashboard. 54% of the token supply is reserved for Community Incentives and Rewards. Token holders’ votes count as their tokens unlock, as with all token holders’ votes.
It’s not a form of equity, and it’s not a dividend or profit return mechanism. Its value is in its utility on the Braintrust network, providing its holders and the Braintrust community control and ownership of the network itself. When you withdraw your tokens from Braintrust, you may do whatever you like with them. Some people choose to keep them on Braintrust so they can use them on the platform for project staking, unlocking Academy courses, mentor hours, and other utility purposes. A perfect example of how a client could earn BTRST is by referring a counterpart at another organization to Braintrust.