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.
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.
It’s easy. Today you can earn tokens by:
Multi-Sig wallets are held at Coinbase and Anchorage Institutional Custody.
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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. 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.
The Braintrust whitepaper can be found here: https://www.usebraintrust.com/hubfs/%5BWhitepaper%5D%20Braintrust_The_Decentralized_Talent_Network_9_2_21.pdf
Braintrust tokenomics can be found here: https://www.usebraintrust.com/hubfs/Braintrust_Token_Economics_9_2_21.pdf
Braintrust uses blockchain technology to transparently distribute control of its network to the community members who contribute to building it. By distributing control globally based on user contributions (like referring talent, vetting talent, and referring clients), Braintrust’s blockchain-powered model aligns the incentives of the network itself with the people building it, rather than relying on a centralized platform that would otherwise extract disproportionate value in the form of high fees from its knowledge workers.
Not only does this put more control in the hands of the community, it helps grow the network rapidly.
Braintrust is built on Ethereum blockchain.
Yes! Join The Professional Network to get updates!
Braintrust clients are proud of the work Braintrust talent do for them, and they’ve been sharing that message. Please take a look at client stories, case studies, and press from various outlets: New York Times, Forbes, TechCrunch, and more mentioning the type of clients on the platform: https://www.usebraintrust.com/clients
The various core teams each maintain their own public roadmap. Each team will publish their roadmap on their own cadence. New features can be proposed on Frill.
The 15% service charge that clients pay is used to fund community programs.
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 grants, and to replenish the Braintrust on-chain treasury.
Click here to learn more about the Fee Converter.
Governance at Braintrust is a system and process that allows anyone from the community to propose an idea that can improve Braintrust (Here's a fun example: changing payment providers for payment processing).
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.
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. The more BTRST tokens you have, the more voting power you will have when casting your vote.
If the results of the voting process for a proposal are favorable, the proposal gets executed via code on the blockchain and a new governance of Braintrust goes live!
You can learn more about Governance here.
BTRST token holders, through voting with their tokens, are able to control the future of the network, decide which categories it expands into, how disputes should be resolved, what platform fees should be, what the platform rules should be, and other network governance topics. Read more about network governance here: https://www.usebraintrust.com/governance
BTRST is not designed to be a payment layer. Currently, all services on Braintrust are paid for in USD.
BTRST is listed on a variety of exchanges, including Coinbase.
BTRST can also be earned on the Braintrust network through a number of different contributions, including building out a talent profile (work history, reputation, skill certifications, etc.), referring new talent, referring new clients and helping to vet and curate the talent pool.
There are lots of opportunities to earn BTRST:
More information on how to earn BTRST here: https://www.usebraintrust.com/btrst-token
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.
A perfect example of how a client could earn BTRST is by referring a counterpart at another organization to Braintrust. 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 best way to access your BTRST is through your Braintrust account and your BTRST wallet. From there, the decision will be yours to move your BTRST to a third party wallet of your choosing, or keep it in your wallet.
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.
Community tokens can be withdrawn at any time.
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.
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.
BTRST is listed across a variety of exchanges. Additionally, CoinList held a token sale that took place on September 9: https://coinlist.co/braintrust.
You can also earn BTRST tokens through community perks and bounties.
No. Token holders can do anything they like with the token. The BTRST token is a utility token and the people who earned it on the platform recognize its value on the Braintrust platform. They can use the token for governance (1 BTRST = 1 vote), unlocking time with talent mentors, and many other community programs.
BTRST is not stock and is qualitatively different from stock. 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 it comes to governance and control, BTRST does have some distinct advantages over stock:
It’s instantaneously global: BTRST’s utility extends beyond any particular company or organization, and is tied to the decentralized talent network it supports. Anyone around the world can earn and hold BTRST tokens.
There are a number of great resources to learn more about BTRST! 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.
Contract address: https://etherscan.io/address/0x799ebfabe77a6e34311eeee9825190b9ece32824
More information on the BTRST token can be found here: https://www.usebraintrust.com/btrst-token
There is a fixed supply of 250M BTRST tokens. 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 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. This is all under the control of the token holders.
The BTRST token launched on the Ethereum mainnet on September 1, 2021 using the ERC-20 standard.
It has a fixed supply of 250 million tokens, meaning the total number of tokens in circulation can never surpass that amount.
(Ticker: BTRST, Standard: ERC-20, Max Supply: 250,000,000)
Contract address: https://etherscan.io/address/0x799ebfabe77a6e34311eeee9825190b9ece32824
Early backers include: Tiger Global, Coinbase Ventures, Pantera, Multicoin, Variant, Blockchange, and ACME. To see the full list, please visit Braintrust’s home page and scroll to the bottom: https://www.usebraintrust.com/
Please visit Messari to find token backer pricing information: https://messari.io/asset/braintrust/profile/launch-an-initial-token-distribution
Please see CoinMarketCap for the latest information.
54% of total token supply is reserved for community rewards and are programmatically granted by the referral engine, community perks, and bounties.
On September 15, Coinbase announced its intention to list BTRST: https://blog.coinbase.com/braintrust-btrst-is-launching-on-coinbase-pro-5df2f72d2c2
Braintrust does not control when and if exchanges will pick up BTRST. Please be vigilant to ensure that the BTRST tokens you are purchasing are in fact legitimate.
Here’s how you can check to confirm the legitimacy of any BTRST token listing. Simply make sure the token’s contract address is the one for this project: 0x799ebfABE77a6E34311eeEe9825190B9ECe32824
The CoinList sale occurred on September 9. Any questions on the CoinList sale should be directed to CoinList. The sale announcement is here: https://blog.coinlist.co/announcing-the-braintrust-token-sale-on-coinlist/.
CoinList held a private sale on September 9: https://coinlist.co/braintrust.
Please be aware of scam sales by checking the Discord channel.
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.
The Braintrust Token is an ERC-20 token issued on the Ethereum blockchain network by the Braintrust Technology Foundation, a nonprofit foundation. Braintrust Tokens do not represent any right to or claim on the Braintrust network or any other person or entity, and has been adopted by the Braintrust network and users for various activities on the network only, such as for staking, governance, voting and payment purposes.
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