Braintrust BTRST Price

What is Braintrust (BTRST)?

Braintrust (BTRST) is a decentralized talent network designed to connect skilled professionals with companies looking for talent. It operates on a blockchain-based framework that eliminates traditional middlemen, allowing freelancers and organizations to work directly with one another. Braintrust leverages smart contracts to facilitate transactions and ensure fair compensation for services rendered. The platform is built on Ethereum and uses the BTRST token as its native currency for transactions and governance. As of early 2024, Braintrust has gained significant traction, boasting over 100,000 registered users and hosting thousands of job listings across various sectors, including tech, design, and marketing.

Who are the Founders of Braintrust?

Braintrust was co-founded by Adam Jackson and Gabe Luna-Ostaseski. Adam Jackson is a seasoned entrepreneur with previous experience in building tech companies, including the healthcare platform Doctor On Demand. Gabe Luna-Ostaseski has a background in blockchain technology and product development. Together, they aimed to create a decentralized platform that empowers freelancers and provides companies with access to a diverse talent pool. Their vision is to disrupt traditional recruitment models and ensure that workers retain a larger share of the value they create.

How does Braintrust Work?

Braintrust operates on a unique decentralized model that allows freelancers to create profiles, showcase their skills, and bid on projects posted by companies. The platform utilizes blockchain technology to ensure transparency and security in transactions. Here’s a breakdown of how it works:

• Talent Onboarding: Freelancers sign up and create profiles detailing their skills, experience, and rates. They can also receive endorsements and build a reputation within the network.
• Job Listings: Companies post job requirements on the platform, specifying project details and compensation. These listings are visible to all registered freelancers.
• Smart Contracts: When a freelancer is selected for a project, a smart contract is created. This smart contract outlines the terms of the engagement, including payment conditions, which ensures that both parties are protected.
• Payment in BTRST: Payments are made in BTRST tokens, and freelancers can convert these tokens to other cryptocurrencies or fiat currencies through various exchanges.
• Decentralized Governance: BTRST token holders have a say in the network's governance, allowing them to vote on proposals and changes to the platform.

Top Use Cases of Braintrust

Braintrust caters to various industries and offers numerous use cases, including:

• Freelancing Opportunities: Highly skilled freelancers can find projects that match their expertise without intermediary fees, allowing them to earn more.
• Remote Work: The platform supports remote work arrangements, enabling companies to tap into a global workforce and freelancers to access a broader range of job opportunities.
• Skill-Based Hiring: Companies can conduct targeted searches for freelancers with specific skills, improving the matching process and project outcomes.
• Community Development: Braintrust fosters a community where professionals can collaborate, share knowledge, and support each other’s growth.
• Token Incentives: As a decentralized network, freelancers and companies can earn BTRST tokens through referrals and successful project completions, incentivizing participation.

How to Keep your Braintrust Safe?

To keep your Braintrust account and BTRST tokens safe, consider the following best practices:

• Use Strong Passwords: Create complex passwords for your Braintrust account and change them regularly.
• Enable Two-Factor Authentication: Always enable 2FA for an additional layer of security when logging into your account.
• Secure Your Wallet: Store your BTRST tokens in a secure wallet that you control, preferably a hardware wallet, to protect against hacks.
• Be Wary of Phishing: Always verify URLs and avoid clicking on suspicious links or emails that claim to be from Braintrust.
• Keep Software Updated: Regularly update your devices and software to protect against vulnerabilities that could be exploited by hackers.