Braintrust

What is Braintrust (BTRST)?

Braintrust is a user-controlled decentralized talent network designed to serve the interests of its users. By offering a blockchain-based alternative, Braintrust aims to address the shortcomings of traditional freelance platforms by aligning the incentives of both users and clients for mutual benefit.

In the Braintrust ecosystem, users, referred to as "talent," enjoy increased flexibility and specialization by having the ability to select projects that suit them. Companies can scale their workforce according to demand without being hindered by the profit-maximizing motives of centralized networks. This approach allows for value to be redirected back to the talent and companies, who enjoy no fees (talent) or significantly lower fees (companies) compared to traditional platforms.

The reduced operational costs in this approach are believed to help businesses save around 50-75%. This saved amount is then reallocated to the network's stakeholders, who are its users.

You can also buy BTRST coins on Binance, BTCEX, CoinTiger, Gate.io, and BitForex if you want to add this project to your portfolio.

Who founded Braintrust?

Braintrust was established in May 2018 by co-founders Adam Jackson and Gabriel Luna-Ostaseski. Jackson is an experienced entrepreneur and technology investor, having previously created venture capital-funded businesses and a blockchain-focused asset management company. Luna-Ostaseski has provided advisory services to a variety of tech-oriented firms, including Lending Home, Quartzy, and YPO. A dedicated team of 30 individuals supports the leadership at Braintrust.

What Sets Braintrust Apart?

The key value proposition of Braintrust lies in its efficient price discovery, made possible by its decentralized nature. Companies often lack the time and resources to hire staff at their perceived market value, forcing them to acquire talent from middlemen like consulting firms at a significant markup.

On Braintrust, a talent's price is determined by their rate, skills, and location. Talent placing bids must thoroughly list skills, set competitive prices, and ensure their location aligns with existing client demand. Clients placing asks must offer competitive pay while keeping required skills and experience broad enough to find a sufficient pool of matching talent. Broadening the range of appropriate time zones can enhance the likelihood of success.

In contrast to centralized platforms, Braintrust refrains from imposing fees on its skilled users. Instead, customers are required to pay 10% of the overall contract value, which helps to finance the expenses associated with running the network. Token holders vote on governance proposals, deciding the incentive structure for talent, allowing them to retain between 20% and 45% more of their earnings compared to traditional platforms.

Clients benefit from Braintrust's community-driven screening process and can flexibly adjust to market demand by hiring skilled freelancers rather than full-time employees. According to Braintrust, this approach saves clients between 50% and 75% compared to sourcing talent from external providers. Linkers are incentivized to introduce their current pool of skilled professionals to the platform, as they gain a progressively larger portion of the invoice payments for accomplished projects generated by those they referred.

Braintrust Pros and Cons

Pros:

• Braintrust decentralizes the talent network, aligning incentives for users and clients.
• Talent retains more of their earnings compared to traditional platforms.
• Clients save on costs by using Braintrust's community-driven screening process.
• No security issues detected

Cons:

• Braintrust's success relies on attracting and retaining both talent and clients.
• The adoption and growth of the platform depend on the widespread acceptance of decentralized solutions.

Braintrust Crypto Review

Braintrust Crypto offers a promising solution to the challenges faced by traditional freelance platforms by decentralizing the talent network and aligning user and client incentives. The project's success will depend on its ability to attract and retain talent and clients, as well as the wider acceptance of decentralized solutions in the market. We also found no significant security risks on the project after doing a review of its smart contract.

Is Braintrust Crypto a Scam?

There seems to be no evidence to suggest that Braintrust Crypto is a scam. The project is pioneering a unique idea of creating a decentralized talent network. By eliminating middlemen, Braintrust aims to create a fairer and more transparent talent marketplace, allowing professionals to retain more of their earnings and organizations to access talent at a lower cost.

But as you already know with any investment venture, prospective users and investors should make a habit of conducting their own research (DYOR). Ensuring you have thoroughly reviewed the project, the team, and their objectives will help you gauge and mitigate risks before committing financially. The existence of scams in the cryptocurrency sector highlights the necessity of these practices in avoiding suboptimal investments.

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