added by sari and · updated 5mo ago
Braintrust: Fighting Capitalism with Capitalism
- Braintrust does have a revenue model in the form of taking a % - they take 10% from employers. The innovation here is replace the middleman with software and use a token to incentivize community behavior like inviting talent, inviting clients. Braintrust doesn't spend $ on marketing - the core innovation is taking cost of acquisition to zero by giv... See more
from Braintrust’s Founders on How to Run a Decentralised Marketplace by Li Jin
sari added
- Braintrust only charges the companies doing the hiring — freelancers won’t have to pay to join or to bid on a project, and Braintrust won’t charge a fee on their project payments. In addition, the startup is using a cryptocurrency token that it calls Btrust to reward users who build the network, for example by inviting new customers or vetting free... See more
from Braintrust raises $18M to build fairer model for freelancers by Anthony Ha
sari added
- It's a flaw in a token economy if you are using your governance token and utility token as a payment layer. If you are being paid for your time on something, assume it will be converted to USD because people can't live off crypto today. With Braintrust, the token is a reward incentive mechanism, not a native form of payment for the work done on the... See more
from Braintrust’s Founders on How to Run a Decentralised Marketplace by Li Jin
sari added