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

Governance tokens represent percentage ownership over voting rights. It’s difficult for most community members to keep up with the latest developments for specific protocols, so most protocols allow token holders to delegate their votes to trusted representatives.

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

Braintrust’s market cap is $315 million, its fully diluted market cap is $896 million, and in December, it announced a fresh $100 million token sale to Coatue, Tiger, and existing investors to fund grants to grow the ecosystem.  

The core tenet of any web3 project is a token. Operating as the centerpiece of the ecosystem, tokens are the new form of equity. Tokens typically carry governance rights, and allow community members to participate in a product, service or protocol as a co-owner and key decision maker of a shared treasury.S ince 2013, founders have had to think abou

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This means, for the first time ever, we can have community ownership and network alignment completely consistent with capitalism. And this is uniquely unlocked by crypto tokens that enable us to distribute the value of ownership in the same way we distribute information — instantly, to anyone, anywhere in the world.