Content on this page was provided by the Braintrust team
The first decentralized talent network that connects highly skilled tech freelancers with the innovative companies in need of their skills
Content on this page was provided by the Braintrust team
In a world where corporations grow richer and richer by sharing less and less of the value their workers help to create, Braintrust is the first decentralized talent network enabled by a blockchain token that aligns the interests of both talent and enterprises. The community that relies on Braintrust to find work are the same people who build and benefit from it, ensuring the network always serves the needs of its users, instead of a centrally-controlled corporation. Unlike other marketplaces that take 20% to 40% of talent earnings, Braintrust allows talent to keep 100% of earnings and enables clients to make their budgets go further by cutting out the unnecessary middle men.
Braintrust is a live, self-governing decentralized network with tens of thousands of talent participants and hundreds of Fortune 1000 enterprises including Nestle, Porsche, Atlassian, Goldman Sachs, and Nike processing millions of dollars in transactions each month. All of the development and maintenance of the network has been done by a global network of contributors on the Braintrust network.
Existing talent marketplaces are broken - they are extractionary and disenfranchise the worker - Braintrust is changing that by aligning the incentives between employers and talent.
Algorithmic rewards engine Instead of wasting money on expensive marketing campaigns; Braintrust rewards its users with its native token, BTRST, for helping grow the network. Anyone can join and start earning BTRST by inviting clients and talent that eventually transact on the network. Rewards are paid out dynamically based on contributions to the network.
Talent pays 0% fees Braintrust’s novel business model of charging talent 0% and enterprises 10% saves both sides up to 70% in fees compared to traditional Web 2.0 talent marketplaces. This attracts high-quality enterprises with large, ongoing jobs like Nestle, Porsche, NASA, Nike, Allstate and Goldman Sachs, to continue to grow their use of the network.
Aligned incentives Braintrust is the first decentralized talent network operated by the users of the network. Unlike traditional Web 2.0 marketplaces where users are taken advantage of, each user on Braintrust has a voice in the development of the network. This keeps incentives aligned and users engaged in the long term success of the network.
CoinList users may register to purchase BTRST tokens under the two options below. Users can register for one or both options. For more information, please visit the Braintrust FAQ.
| Option 1 | Option 2 | |
| Sale Dates | September 9, 2021 at 19:00 UTC | September 9, 2021 at 23:00 UTC |
| Lockup/Release | 3-mo linear release starting on / around Oct 20, 2021 | 6-mo linear release starting on / around Oct 20, 2021 |
| Token Price | $0.996 | $0.664 |
| Purchase Limits | $100 min $500 max |
$100 min $500 max |
| Token Allocation for Sale | 9,000,000 tokens | 3,500,000 tokens |
| % of Total Supply | 3.6% | 1.4% |
| Funding Methods | USDT, USDC, ETH, BTC | USDT, USDC, ETH, BTC |
| Eligible Participants | Excluded jurisdictions include the United States, Canada, China, and CoinList’s other unsupported jurisdictions | Excluded jurisdictions include the United States, Canada, China, and CoinList’s other unsupported jurisdictions |
| Registration Deadline | Sept 7, 2021 at 11:59 UTC | Sept 7, 2021 at 11:59 UTC |
* CoinList may in its sole and absolute discretion adjust the parameters of the CoinList website and/or access systems to prioritize access to the Braintrust sale or the processing of token purchases for certain high-quality users with demonstrated histories of positively contributing to token networks or otherwise evidencing indicia of crypto-savvy future users of Braintrust. Stay tuned for more information.
Ownership and governance in the Braintrust Network is represented by the BTRST token. The BTRST token is used as an incentive to reward the Braintrust community for building the decentralized network, inviting and vetting talent, and referring clients.
The BTRST token launched on the Ethereum mainnet on September 1, 2021 using the ERC-20 standard. It has a fixed supply of 250 million tokens, meaning the total number of tokens in circulation can never surpass that amount.
| Segment | Allocation (% of total supply) | Release Schedule |
| Community Incentives and Rewards | 54% | > Unlocked at network launch in Sept 2021 and distributed over time in accordance with community incentive and reward programs |
| Early Contributors | 19% | > 4 year release > 1 year cliff, then monthly release starting on / around Jan 1, 2021 |
| Early Token Purchasers | 22% | > 2 year release > 1 year cliff, then monthly release starting on / around Sept 1, 2021 |
| CoinList Sale | 5% | > Option 1 Sale: 3 mo linear release starting on / around Oct 20, 2021 > Option 2 Sale: 6 mo linear release starting on / around Oct 20, 2021 |
> GovernanceBTRST token holders can discuss ideas for improvements, propose changes and vote on governance proposals. Each token represents one vote and anyone that holds BTRST can propose changes to the protocol such as fee structure, category expansion and product improvements. Users must hold BTRST to propose and vote.
> Bid StakingTalent and clients can stake tokens to stand out. For example, if a talent stakes tokens on a job and is then a “no-show”, those staked tokens may be forfeit to the client. Additionally, if a client stakes tokens on a job posting, all qualified applicants will earn tokens in the event the client doesn’t select one of the applicants for the job. Token bid staking helps “un-stick,” or reduce friction, in the marketplace, emphasizing transparency by addressing mismatches of supply and demand.
> Career BenefitsUsers can also earn tokens by taking courses on Braintrust Academy where they can take courses ranging from Web 3.0 to becoming a senior product manager. This enables talent in the Braintrust network to uplevel their skills, earn certifications and increase their earnings over time.
A critical innovation of the Braintrust Protocol is the ability to programmatically distribute tokens and thus control of the network to those who contribute to its growth, in a fully permissionless way. The Braintrust talent network implements this primarily through its referral engine. Anyone in the world can create what is called a “Connector Account”, obtain a unique referral code, and share it with new talent or clients that could serve as supply or demand on the network. When those referred parties join the network and start transacting, the protocol rewards the referring party with tokens, in proportion to the transaction value their referrals drove.
Braintrust has adopted a truly decentralized approach since day one. Everyone who has built the Braintrust marketplace over the years has been an independent contractor working on projects within the network, making it the cumulative achievement of not just a single core team but of dozens of teams across the globe. The same talent who find work on the network are also the ones building, supporting, governing, and, ultimately, owning it.
