Braintrust Launches BTRST Token to Decentralize Ownership, Control, and Governance on the Braintrust Network.

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

-Bid Staking. Clients and Talent can stake BTRST to stand out to the other party and prove that they’re serious; if an applicant no-shows an interview, for example, they lose their tokens. This is the web3 replacement for the advertising models that web2 marketplaces graduate to. -Career Benefits. This one is a little hand-wavey for now, but the Br... See more

What can the BTRUST token be used for?  -Governance. This is the most important. Governance has financial value here because it might mean the difference between paying higher fees or not, or even keeping the network alive or not. At some point, if the token value drops and the network is more reliant on fees, participants may decide it’s actu... See more

Braintrust is a user-owned talent network that is growing fast and reaching real scale just eighteen months after launching the public beta of the protocol last June. $37 million in Gross Service Value (GSV) – what Clients pay Talent – has flowed through the network, with nearly twice that contracted for the coming months.

Braintrust pays for everything the network needs through the money it’s raised, the 10% fee Clients pay, and BTRST tokens from the treasury.

The simple idea behind Braintrust is that it is a talent network that charges Clients an industry-low 10% fee and actually pays Talent a negative take rate by rewarding them with tokens, and that the only way for those things to change is for the users who would be impacted to vote to change them.