• 1 Braintrust is a decentralized talent network that seeks to connect highly skilled knowledge workers with leading global companies.
• 2 BTRST is an Ethereum token and it is used to govern the network.
• 3 The community using it owns and manages the network without any intermediaries.

Braintrust (BTRST) is the world’s first decentralized talent network. It connects skilled, vetted knowledge workers with the world’s leading companies. The community that relies on Braintrust to find work is made up of the same people who own and build it.

It ensures that the network always serves the needs of its users, instead of being a centrally controlled corporation. Its talent and client pool have enough work and enough workers to enable capital-efficient price discovery. 

The BTRST token is the native token of the Braintrust community. The members of the community, such as knowledge workers and contributors, gain ownership and control of Braintrust with this token.

It also supports the growth of the network; new talent and jobs have participated in the network at record speeds.

It has over 50,000 community members, including knowledge workers and project contributors across the world. Users of Braintrust include Nestle, Porsche, Atlassian, Goldman Sachs, and Nike.

Working of Braintrust

Braintrust operates by leveraging blockchain technology to distribute control of its network to community members. This model enables the network to grow rapidly while simultaneously ensuring that it serves the needs of its users.

The BTRST tokens are used as an incentive to reward community members for their contributions to the network, such as referring and vetting talent and also referring clients.

Braintrust’s AI and expert team strive to match top professionals with projects within 48 hours, simplifying the process of on-boarding, in-voicing, compliance, and more. 

The token also allows its holders to influence the network’s future, deciding on expansion categories, dispute resolution methods, platform fees, and other governance topics.

Features of Braintrust Network

It’s a Connector Network Built on Crypto

Braintrust’s use of crypto is essential to its success in achieving the desired decentralization. The blockchain is immutable, and it provides a record that cannot be changed over time. It is a permissionless system with an internet connection, and no prior authorization is required.

Power of Decentralized Price Discovery

In a decentralized network, users are able to track in real-time the true market value of assets, including human resources. Here, the valuation and supply/demand of listed digital assets are easily observable. Because they have earned a critical mass of buyers and sellers, a fair market price is indisputably produced through the price discovery activities on these networks.

Factors driving adoption of Braintrust

Users of a talent network like Braintrust must align on three factors:

Price

It is an hourly or project proposed rate and, like other networks, plays a significant role in determining the eventual transaction value.

Skills

Companies also factor in the skills of the talent they contract to ensure a quality return on their investment. Talent is defined by the breadth of their abilities, proven proficiency, experience in the specific skills related to the job, and fluency in the language the job requires.

The above mentioned factors affect talent and enterprise clients in different ways:

Talent Placing bids

It affects them by submitting proposals that must thoroughly list skills (profile completeness), set competitive prices (posted hourly rate), and ensure that locations align with existing client demand.

Clients placing asks

It is affected by posting a job that must offer competitive pay and keep the required skills and experience as broad as possible to avoid unnecessarily discouraging bids. The expansion of acceptable time zones for talent is likely to increase their success in filling their orders.

Braintrust Token (BTRST)

The BTRST token launched on the Ethereum mainnet. It was launched on September 1, 2021, using the ERC-20 standard. The token powers the entire decentralized network’s governance, incentivizing the community to build through referring clients as well as by screening new talent. 

Token Distribution

The total initial supply of tokens is distributed through community incentives and rewards, early token purchasers, early contributors, and token sales.

Uses of the BTRST token

Governance

BTRST token holders can discuss ideas for improvements, propose changes, and vote on governance proposals. Because each token represents one vote, users who hold more tokens have a greater say in how the network develops.

Bid Staking

In a competitive market, talent may stake tokens to stand out, offering their tokens as collateral, which they would lose if they failed to deliver on the contract. Clients can also stake tokens, which go to qualified applicants if the clients do not go forward with the task. Token bid staking helps un-stick or reduce friction in the network. It helps keep it more transparent and addresses mismatches between supply and demand.

Career Benefits

The tokens are expected to be redeemable, as other community participants offer special perks. These perks are exclusive to the Braintrust community; they include free and discounted software, products, and career resources.

Conclusion: Token Information and Expectations

The BTRST token has a total and maximum supply of 250,000,000 tokens, and the circulating supply is 215,082,513 tokens. BTRST traded at an all-time low of $0.0000 on October 19, 2021, just one month after it marked an all-time high of $46.82 on September 16, 2021.

Looking at the current charts of the token, there has not been much movement in the prices of the BTRST in 2022 and 2023, and it is expected to be flat in 2024 as well. Not many buyers are interested currently because of the low price movement and volatility.

FAQs

Which is the most preferred exchange to buy BrainTrust?

BTRST tokens are traded on decentralized and centralized exchanges. The most popular exchange is Uniswap V3.

Which is the most active trading pair?

The most active trading pair is BTRST/USDC.

What are the other assets similar to Braintrust?

Assets with a similar market cap as BTRST include Vulcan Forged PYR, Decentralized Social, Venus BTC, and many others.