Braintrust: Token Economics

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 clear distillation of an incredibly important point: good tokenomics can enhance a strong value proposition, but can’t replace a strong value proposition. 

Braintrust doesn’t pay customer acquisition costs in cash, but it does pay them in tokens. That increases circulating supply. As long as Connectors are willing to accept BTRST tokens for their referrals, the system works; but increase circulating supply too much, too fast, the tokens become worthless, and Connectors stop connecting. It’s a delicate... See more

Personal tokens and community tokens are in the very early stages of experimentation as a new class of investable Internet native assets.

Tokens are pseudo-equity-like instruments. If you are launching a valueless governance token with no real tangible benefits (relying on memetic quality or hopium) to hold it, non-zealots will inevitably dump the token while the value is > 0.