Key Takeaways: –
- Braintrust is a decentralized talent network that allows hiring managers to find the best talent based on skill set, rates, location, and other factors.
- Braintrust only charges a fee from the recruiter, so freelancers receive the full amount they’ve agreed upon.
- Braintrust is not controlled by a centralized authority, so the token holders have the governance rights to determine the future of the project.
- Braintrust offers multiple grants to attract more users to the platform, including Ambassador Grants, Builder Grants, and Education Grants.
What Problem Does Braintrust Solve?
The freelance industry has been booming for years making it easier for employers to find the best talent while providing equal opportunities for employees to get their desired projects. But there are some problems with the traditional freelancing industry. The users often have to rely on third-party services to get the best results.
The third-party services charge a huge percentage of the total amount from both parties. Similarly, they can’t guarantee high-quality results in most cases. Sometimes, The companies and employees choose the deal with each other directly without the involvement of a third party. But they again have to face payment and quality issues.
Therefore, both parties need a solution that can better accommodate them with a reasonable fee. Braintrust is a decentralized network dedicated to serving employees and companies equally.
Braintrust is a decentralized talent network that allows hiring managers to find the best talent based on skill set, rates, location, and other factors. Unlike traditional hiring talent networks, Braintrust is managed by its network participants. The platform is dedicated to providing ultimate relief to freelancers and hiring authorities alike.
The platform provides more transparency to the entire market while establishing a more inclusive business environment.
Braint Trust offers a satisfactory experience for all parties.
Unlike traditional platforms, Braintrust only charges a fee from the recruiter. The freelancer receives the full amount they’ve agreed upon. For example, if a freelancer and the employer have started a contract for $100, the employer will pay an additional $10 fee to the platform while the freelancer will receive the complete amount, i.e. $100, on the completion of the project.
Thus, the platform encourages top talent to use the platform without any hidden fees.
The best thing about Braintrust is that it’s not controlled by a centralized authority. The token holders have the governance rights to determine the future of the project. Unlike traditional platforms, community members determine the rules that can truly address their problems. Similarly, they don’t have to worry about unnecessary restrictions.
For example, some platforms have banned their services in Russia following the Russia-Ukaraine conflict. It’s damaging the businesses that don’t even support this conflict. It has even created problems for businesses that were working with Russian freelancers. Braintrust can’t imply any such restrictions due to its decentralized nature.
The employers are an essential part of the Braintrust network. Therefore, the platform rewards its users under the Braintrust Connector Program to bring more employers to the network. The platform rewards BTRST tokens as a reward to the referring party.
The platform offers multiple grants to attract more users to the platform.
- Ambassador Grants – The users can indulge in viral campaigns, social advocacy, and other activities to receive Ambassador Grants.
- Builder Grants – The users can contribute to the development of the project to earn these benefits.
- Education Grants – The users can share their knowledge with other members to earn these benefits.
Braintrust Brief History
Braintrust was introduced by Gabriel Luna Ostaseski and Adam Jackson in 2020. The platform was introduced to counter the core problems found in centralized recruitment platforms. The team carried out a strategic funding round in November 2020 and raised around $25 million.
The native token of Braintrust was introduced in September 2021. Before, that the platform was relying on ETH to run its operations. The project now has thousands of members from around the world. Goldman Sachs, Nestle, IBM, Nextdoor, Nike, Porsche, and Intel are some of the leading enterprises that are using this platform.
The platform has a goal of consistently meeting the demands of its users through community governance.
Braintrust is focused on providing a seamless hiring experience with its amazing features.
Braintrust Account – The users can apply to the Braintrust Talent Network by clicking the Join button on the Braintrust website. They’re then authorized to create a Talent Account by verifying their email address. The applicants can make full use of the platform once they’ve completed the stringent vetting process.
Node Program – Braintrust Node Program is primarily designed to facilitate employers. The employers only need to pay 10% of the total amount as network fees. However, the employers can qualify for the referral program once they’ve joined the Node Program.
Braintrust Wallet – The users can use the internal wallet of Braintrust to purchase freelance services or store their funds. However, if they want to participate in staking, voting, or trading, they’re required to connect their own crypto wallet to the platform. MetaMask and WalletConnect are the leading crypto wallets that users can use to access these features.
BTRST is the native token of the Braintrust network that is used to purchase freelance services. The freelancers receive BTRST tokens for their services. The employers get to earn BTRST tokens through the referral program. With a circulating supply of 143.8 million tokens, BTRST has a market cap of $77 million. It has a total supply of 250 million tokens that will be released through the rewarding process over time.
Braintrust is a decentralized talent network that offers a number of benefits for both freelancers and hiring managers. It is a promising platform that has the potential to revolutionize the way that freelance work is done. With its decentralized nature, Braintrust can play a vital role in facilitating freelancers and recruiters.
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