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Braintrust

BTRST

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About Braintrust

BTRST is an Ethereum token that powers Braintrust, a decentralized talent network connecting freelancers with organizations. BTRST is used to govern the network and also as an incentive to refer new users.

Braintrust, represented by its native BTRST token, is a decentralized talent network that seeks to connect highly skilled knowledge workers with leading global companies. Unlike traditional platforms, Braintrust is owned and built by the community that uses it, aligning the network's interests with its users. The BTRST token serves as a means of ownership and control, rewarding contributors for their efforts in growing and improving the network. Braintrust's unique model allows talent to retain all of their earnings, while organizations can assemble flexible, skilled teams on-demand at a fraction of the cost of conventional staffing firms.

Braintrust operates by leveraging blockchain technology to distribute control of its network to its community members. This model allows the network to grow rapidly while ensuring that it serves the needs of its users. The BTRST token is used as an incentive to reward community members for their contributions to the network, such as referring and vetting talent, and referring clients. Braintrust's AI and expert team strive to match top professionals with projects within 48 hours, simplifying the process of onboarding, invoicing, compliance, and more. The BTRST token also enables its holders to influence the network's future, deciding on expansion categories, dispute resolution methods, platform fees, and other governance topics.

Braintrust aims to disrupt the traditional staffing industry by providing a platform where talent can retain 100% of their earnings and organizations can assemble skilled teams on-demand at a lower cost. The BTRST token can be used to unlock special perks exclusive to the Braintrust community, such as exclusive software, products, career resources, and community perks. Additionally, token holders can use their BTRST tokens to vote on network governance topics, giving them a say in the platform's rules, fees, and expansion plans. Braintrust also provides opportunities for its community members to receive BTRST tokens by referring other talent to the network, inviting employers to hire talent on the network, and completing peer-to-peer vetting.

Braintrust was launched with the intention of creating a decentralized talent network that benefits both skilled knowledge workers and global enterprises. The network's unique business model, which allows talent to retain all of their earnings and gives control to the community, is enabled by the BTRST token. Since its inception, Braintrust has grown to over 50,000 community members and is used by global enterprises including Nestle, Porsche, Atlassian, Goldman Sachs, and Nike. The BTRST token was launched on the Ethereum mainnet on September 1, 2021, and has a fixed supply of 250 million tokens. Braintrust's growth and development are influenced by its community, with token holders having the power to influence the network's trajectory.

The BTRST token plays a role in the development of a decentralized, user-owned network on the Braintrust platform. It seeks to align the interests of all network participants by programmatically returning value to the users who create it. The token serves as a governance tool, with each token representing one vote on key network decisions. Users can propose ideas for improvements and vote on them, making the platform user-driven. The BTRST token aims to incentivize network growth. Users receive tokens as non-monetary rewards for referring and screening new talent and clients to the network, meaning those who contribute more to the network's growth have a greater influence on its direction. This token-based incentive system encourages active participation and collaboration, contributing to a user-driven talent network.

Braintrust uses a native token called BTRST, which users receive by introducing and onboarding clients and talent to the network. This decentralized approach seeks to replace the traditional, fragmented labor market with a more transparent and equitable system. Braintrust's governance protocol allows for a one-token, one-vote system, giving token holders proportional control over how the network is governed. This ensures that the network's decisions are made collectively by its users, promoting fairness and transparency. Braintrust's model and talent retain all non-monetary rewards, as there are no fees charged to them. This is a departure from traditional talent networks, which often impose high fees on their users. The network's transparency also extends to its job matching process, where clients and talent are matched based on parameters such as skillset, geography, and rates. This allows for efficient price discovery and equitable recognition for freelancers.

Braintrust strives to offer a unique business model where talent retains 100% of their non-monetary rewards, and organizations can assemble flexible, skilled teams on-demand with a different cost structure compared to traditional staffing firms. This model is enabled by a blockchain token, which allows for transparent distribution of network control to community members. Braintrust's blockchain-powered model aligns the incentives of the network with the people building it, rather than relying on a centralized platform that would extract high fees from its knowledge workers. This approach seeks to reduce costs for employers and aims to provide non-monetary benefits for talent. It also intends to engage with skilled talent and aims to distribute non-monetary rewards more equally within the network. Braintrust's talent community primarily focuses on large, complex technology and design projects, providing a wide range of specialized skills to meet client needs.

The Braintrust Reputation System is an integral part of the Braintrust network, a decentralized talent network that connects highly skilled technical freelancers with various brands. This system, built on blockchain technology, provides transparent and immutable records of a freelancer's work history, skills, and reputation. This transparency aims to foster trust within the freelancing community by ensuring that all information is accurate and unalterable. The Braintrust Reputation System is designed to acknowledge network participants for their contributions to the network. These contributions include building a talent profile, referring new talent, bringing in new clients, and assisting in vetting and curating the talent pool. By acknowledging these contributions with Braintrust tokens (BTRST), the system encourages active participation and high-quality work, and strives to enhance trust within the community.

Braintrust aims to foster a supportive and collaborative environment for freelancers and clients by implementing a decentralized and user-controlled model. This model enables freelancers to retain all their non-monetary rewards and allows organizations to form flexible, skilled teams on-demand. Braintrust uses blockchain technology to distribute control of its network to community members who contribute to its growth. This approach seeks to align the incentives of the network with the people building it, rather than relying on a centralized platform. Braintrust has a unique token system, where community members may receive tokens by building out a talent profile, referring new talent, referring new clients, and helping to vet and curate the talent pool. Braintrust aims to offer health, dental, and vision insurance options, career mentorship, and training opportunities to its community members. This seeks to foster a sense of security and support within the community.

Decentralized identity verification plays a crucial role in the onboarding process for Braintrust users. It is intended to address aspects of security, identity verification processes, cost factors, and user experience. In the context of Braintrust, a decentralized talent network, the onboarding process involves Know Your Customer (KYC) checks to verify contractor identity and compliance. This process is facilitated by a partner that provides blockchain-based services for streamlining identity verification and global crypto payments. Each user is granted a unique, self-sovereign, on-chain identity that is owned by the user's wallet of choice. This identity leverages a specific token standard and enables contractors and organizations to identify themselves and authenticate transactions. This approach to identity verification is intended to authenticate identities in an efficient manner, with the goal of improving the overall user experience and potentially reducing the likelihood of users abandoning the onboarding process.

Market

Market stats

Market cap

$186.1M

Volume (24h)

$204,671.37

Circulating supply

224.3M BTRST

Typical hold time

7 days

Popularity

#295

All time high

$49.51

Price change (1h)

-0.7%

Price change (24h)

-4.19%

Price change (7d)

-5.84%

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Social

Some highlights about Braintrust on social media

265 unique individuals are talking about Braintrust and it is ranked #548 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Braintrust has an average sentiment score of 3.3 out of 5. Finally, Braintrust is becoming more newsworthy, with 2 news articles published about Braintrust. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Braintrust. There were 50.88% of tweets with bullish sentiment compared to 22.81% of tweets with a bearish sentiment about Braintrust. 26.32% of tweets were neutral about Braintrust. These sentiments are based on 57 tweets.

On Reddit, Braintrust was mentioned in 147 Reddit posts and there were 292 comments about Braintrust. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Powered by LunarCrush

Overview

Contributors

265 people

Volume rank

#548

Average Sentiment

3.3 out of 5

News Articles

2

Twitter

Reddit

Posts

147

Comments

292

Post Score

166,663

Comment Score

178,313

Coinbase Bytes

Coinbase Bytes

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Braintrust is on the decline this week.

The price of Braintrust has decreased by 0.70% in the last hour and decreased by 4.19% in the past 24 hours. Braintrust’s price has also fallen by 5.84% in the past week. The current price is $0.82 per BTRST with a 24-hour trading volume of $204.67K. Currently, Braintrust is valued at 98.34% below its all time high of $49.51. This all-time high was the highest price paid for Braintrust since its launch.

The current circulating supply of Braintrust is 224,274,024 BTRST which means that Braintrust has as total market cap of 224,274,024.

FAQ

What is the current price of Braintrust?

We update our Braintrust to USD currency in real-time. Get the live price of Braintrust on Coinbase.

What is the market cap of Braintrust?

The current market cap of Braintrust is $186.08M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Braintrust?

The all-time high of Braintrust is $49.51. This all-time high is highest price paid for Braintrust since it was launched.

What is the 24 hour trading volume of Braintrust?

Over the last 24 hours, the trading volume of Braintrust is $204.67K.

What other assets are similar to Braintrust?

Assets that have a similar market cap to Braintrust include Gains Network, WeBuy, Bounce Token, and many others. To see a full list, see our comparable market cap assets.

How many Braintrust are there?

The current circulating supply of Braintrust is 224 million.

What is the typical holding time of Braintrust?

The median time that Coinbase customers hold Braintrust before selling it or sending it to another account or address is 7 days.

What is the relative popularity of Braintrust?

Braintrust ranks 169 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Braintrust?

Currently, 100% of Coinbase users are buying Braintrust. In other words, 100% of Coinbase customers have increased their net position in Braintrust over the past 24 hours through trading.

Can I buy Braintrust on Coinbase?

Yes, Braintrust is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Braintrust guide.