Braintrust Blog | The Future of Work.

Earn by Referring: Join the BTRST Token Ecosystem

Written by Lauren Alvarez | Jan 29, 2024 11:49:32 PM

Ever wondered how the world of freelancing could be revolutionized through blockchain technology and decentralized governance? Look no further than Braintrust, a groundbreaking decentralized talent network reshaping the freelance landscape.

Ownership and governance in the Braintrust Network is represented by the BTRST token. The token is used as an incentive to reward our community for building the decentralized network, inviting and vetting talent, and referring clients.

What is Braintrust?

Braintrust is a decentralized talent network that connects freelancers with organizations, utilizing blockchain technology for community-driven governance and operation. 

What is BTRST? 

The BTRST token is not just a value-driven token. Its multifaceted utility, from rewarding users to enabling decentralized governance, sets it apart as a driving force behind the Braintrust platform's success in the talent space. The BTRST token powers the talent network, where vetted, skilled freelancers can find roles with reputable clients, facilitating trust and transparency in the freelance economy. 

How can I earn BTRST? 

Enter - the Connector Program! The Braintrust Connector Program was created to build the platform through referrals and leverage the BTRST token as a tool to reward folks who help build the network on both sides of the marketplace: talent and employers. It is currently the primary and most successful way that new clients are added to our marketplace, becoming active clients at a 45% higher rate than the other ways people find their way to Braintrust.  

Sign up for a Talent account (choose: "Get a job" when signing up) to get your unique referral link to share with your network. Whether it's through email, social media, or direct conversations, your link is your gateway to earning potential. 

Need help finding people to refer? We’re here and eager to help! Fill out this form, and one of our Connector Program managers will reach out to schedule time. 

BTRST, a tool for growth

“The last several decades have been an era of highly effective and fast occurring disruptions." says Messari. Messari provides crypto market intelligence products that help professionals navigate crypto and web3. 

Continuing, "Entrepreneurs created companies that enabled individuals to become freelancers (e.g. Fiverr) or monetize their idle resources (i.e. Airbnb, Uber, etc) which replaced existing incumbents like talent agencies, taxi companies, and hotel chains. The proliferation of Web3 into the labor market is the imminent continuation of this innovative tide. The companies like Uber contributed to the democratization of working by dethroning long-lasted kings, which legitimized their relatively higher profit extraction as networks still necessitated centralized controllers for functioning. Web3 networks like Braintrust continue to replace rent-seeking middlemen and further democratize the way individuals work by removing these wardens with immutable and user-owned networks.” 

There are three primary use cases:

1. Transaction and Utility Fees.

BTRST tokens are used to pay for transaction fees and other platform utilities. This ensures that the token remains essential within the ecosystem and continues to gain value. When an employer pays for our marketplace services, we convert that to BTRST via the Braintrust Fee Converter, to facilitate governance and network rewards.

The Fee Converter is a smart contract that was proposed, approved, and built by the Braintrust community. The Fee Converter 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 grants, and to replenish the Braintrust on-chain treasury.

Click here to learn more about the Fee Converter.

2. Governance. 

Holders of BTRST tokens have a say in the decision-making process of the Braintrust network. This decentralized governance model ensures that the community's voice is heard, allowing token holders to influence platform upgrades, policy changes, and more.

3. Network Rewards.

BTRST tokens are used to incentivize talent, clients, and Ambassadors (individuals who refer clients to the platform). When clients pay for services for a referred employer or talent, a percentage of the transaction is rewarded in BTRST tokens.

 

Braintrust also recently shared a partnership announcement with Rise, with Rise, who stated that:

"Braintrust’s unique user-owned infrastructure built on the Ethereum blockchain puts talent in control and removes the costly middleman of hiring through staffing agencies and web2 job marketplaces.

The community that uses Braintrust to connect with work opportunities is the owner, builder, and manager of the network. Braintrust users are incentivized to foster the growth and success of the network through rewards in the form of the governance token BTRST. 

Tokens are received in exchange for building the network, referring and vetting clients, and as a percentage of what referred clients transact. They are also used to govern the platform. Braintrust users can apply their BTRST tokens to unlock special features and rewards."

Share your referral link to earn

Your unique referral link is your gateway to earning BTRST and connecting your network with top-notch talent. Don't forget to include it in your email or message to hiring managers. Get your unique link from the Earn Page on your dashboard and start sharing today! 

Earn 2% of billings in BTRST for each client you refer (up to $100k per client) and 1% of billings for every talent you refer up to $10k per talent to Braintrust!

Together, let's build a thriving Braintrust network that nurtures talent and transforms businesses. Get started with these tips, and watch your impact grow! 

 

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