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Investing In BrainTrust (BTRST) – Everything You Need to Know

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BrainTrust (BTRST) operates as a next-gen talent network. The platform combines a decentralized protocol, community governance, a custom cryptocurrency, and more to help businesses build teams more efficiently. The system enables talent to secure market value and connect with companies in a streamlined manner.

BrainTrust has secured a community that includes +700,000 members and hundreds of companies. The network organizes these participants via a non-profit marketplace. BrainTrust has had strong investor support since its launch in 2018. The firm secured backing from Tiger Global, Coinbase Ventures, Pantera, Multicoin, Variant, Blockchange, and ACME.

BrainTrust (BTRST) - Twitter

BrainTrust (BTRST) – Twitter

What Problems Does BrainTrust (BTRST) Solve?

BrainTrust was designed to provide relief to both freelancers and those seeking talent. The protocol tackles one of the biggest problems in the market, centralization. Currently, large firms like Upwork.com or Freelancer are the dominant forces in the market. They can charge users and companies high fees due to their positioning.

BrainTrust provides users with a viable alternative. The network leverages Ethereum’s decentralized blockchain and a community governance system to create a more inclusive business environment. As such, the protocol provides more transparency to the entire market.

High Fees

Talent can pay up to 25% using today’s centralized systems. These fees can extend for the life of projects and cost talent thousands in profits. Worst of all, talent and talent seekers have no way to avoid or reduce these fees.  These high fees leave users at a major disadvantage compared to direct hires.

BrainTrust charges zero fees from talent. This talent-centric approach empowers users to secure fair prices for their skills. It also provides talent seekers with more bang for their buck. In this way, BrainTrust provides a more efficient way for team builders to create diverse and specialized teams.

Team Creation

Creating a team of high-quality workers on short notice can be difficult and expensive. Traditional staffing firms hold all the cards in a centralized setup. BrainTrust flips this model on its head. It incorporates peer-to-peer vetting to ensure all talent is up to par. Teams can create flexible, skilled, and customized on-demand.

Paid in Crypto

During the company’s final voting session, the community opted to enable crypto payments. Now users will be able to get paid directly in BTRST for their services. Users can take these funds and convert them to their favorite crypto using any ERC-compatible DEX (decentralized exchange). DEXs provide a peer-to-peer, non-custodial, platform for users to securely swap assets in a responsive manner.

Benefits of BrainTrust (BTRST)

BrainTrust introduces a lot of benefits to the market. It connects freelancers with organizations and provides users with real earning opportunities. The system empowers you with a variety of ways to earn BTRST and redeem tokens. It utilizes an easy-to-navigate interface to streamline user onboarding. This system was designed from the start to ensure that anyone could easily sort through the talent to find the specialists they need to meet their needs.

BrainTrust (BTRST) - Benefits

BrainTrust (BTRST) – Benefits

Fair Rates

Talent can secure pure market rates using BrainTrust. They can decide their rates based on their skill level and experience. You can also charge per hour using the system. This flexible approach makes it easy for talent to earn what they want.

Referrals

Another benefit worth mentioning is the referral program. BrainTrust pays users for securing new companies and talent. By incentivizing growth, the network drives blockchain adoption and provides users with another way to generate wealth.

Grants

Another major benefit of BrainTrust is its current grant programs. Users can become a member of the first Ethereum-based decentralized talent network and help to develop new Web3 opportunities.

How Does BrainTrust (BTRST) Work

BrainTrust uses a decentralized network of nodes to accomplish the tasks of centralized systems. The protocol rewards users, talent, companies, and other contributors in the form of BTRST. Users can also secure free and discounted software, products, career resources, and community perks when they participate in the BrainTrust community.

BrainTrust Account

Signing up for a BrainTrust account is easy. Users can fill out their personal information, experience, and even add a portfolio of their past projects. Hirers can sort through these accounts to find the talent they need. Each account has a score associated with its past performance. Gain extra rewards by maintaining a top score and get the best opportunities.

BrainTrust Nodes

BrainTrust has a variety of network participants that work together to make the system run smoothly. The system incorperates vetted nodes hosted by Freelance Labs, SnowFork, Accelerated Labs, Distributed Labs, HexOcean, and Muses.

Charges

There’s a 10% service charge put forth to talent seekers. These fees go to platform maintenance and expanding the network and its services.

Governance

BrainTrust is a community governed network. Users can steer the direction of the company via a voting system. Notably, every BTRST token represents a single vote. This approach ensures that the people who are invested in the company have the most say in the firm’s direction.

BTRST - CoinGecko

BTRST – CoinGecko

BTRST

BTRST is the main utility token for the BrainTrust network. It’s an Ethereum-based token that meets the ERC-20 standard for interoperability. BTRST launched on September 1, 2021, with a fixed supply of 250 million tokens.

History of BrainTrust (BTRST)

BrainTrust was developed by Freelance Labs, a tech firm out based out of Cincinnati, OH. It was founded in 2018 as an IT consulting firm. The company specializes in software development, system engineering, and decentralized technologies. The protocol was founded by Adam Jackson and Gabriel Luna-Ostaseski.

How to Buy Brain Trust (BTRST)

Brain Trust (BTRST) is available on the following exchanges: 

Poloniex was founded in the United States in 2014.  It has quickly risen to become a very popular exchange of choice for crypto traders looking to combine a wide range of assets

Gate.io – This exchange was established in 2013, and is one of the more popular & reputable exchanges. Gate.io currently accepts most international jurisdictions including Australia & the UK.  Canada & USA Residents are prohibited.

Use Your BrainTrust (BTRST) and Prosper

BrainTrust fills a viable niche in the talent market. Users are eager for better earning opportunities and more say in their financial future. BrainTrust provides all of these requirements and more. As such, BrainTrust has the potential to upend the market in exciting ways.

David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com

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