Community Trust ScoreVerified
The global pandemic demonstrated that remote work is possible on a mass scale. Efficient workers are unwinding out of traditional employment arrangements to become their own nodes of work from freelance networks.
“Talent are charged no fee. They are paid their full contracted rate.”
Onboarding to the Brain Trust Token Economy:
Talent Journey: Talent creates account; community screens talent, earns BTRST; Talent becomes approved, earns (BTRST).
Connector Journey: Connector creates account, gets unique code; invites talent and client; Award BTRST to user who invited talent; Award BTRST to user who invited client.
Client Journey: Client creates account; client posts jobs (ASK); Stakes BTRST to attract more applicants.
Braintrust have partnered with Consensys, Harmony Protocol, and SkaleNetwork. They are adding Grants as a new job type on the platform along with new full and part-time jobs in Web3.
Braintrust, is a user-owned talent network, where the talent gets the freelance work and gets compensated without zero commission on the talent’s earnings.
It is basically Fiverr, or Upwork but way way better for both talent and the client. At its core lies the Brainstrust fee convertor which helps in managing the economy of the protocol.
Braintrust fee converter has 2 components: 1. The smart contract: Executes the contract. 2. The front end: Helps nodes interact with the smart contract and help them with suggestion and adjusting the slippage on transaction.
How does the Braintrust fee converter work? After the talent and client are matched. 1. First the client deposits the money in USDC in the protocol. 2. Then the smart contract swaps it on Uniswap to BTRST, which later are deposited in Brainstrust treasury.
3.The front end helps in checking the slippage and the transaction is executed by the node 4. After a talent finishes the work, he issues the invoice which is to be paid by the client. 5. Suppose the talent issues the invoice of $10000, the client has to pay:
The invoice amount + 10% of the invoice amount. So, in this case: $10000+$1000. 6. The talent gets their total invoice of $10000 with 0% commission. 7. The extra 10% is deposited in the Braintrust treasury as the service cost to support the Braintrust community development.
The Braintrust treasury is used to pay all community rewards and incentives out of its own treasury. Braintrust’s thesis is simple: the least extractive networks will win, and user-owned networks are more likely to be less extractive.
Why Braintrust you may ask? Isn’t it obvious? 1. They take 10% commission from clients which is industry low. 2. Above all the independent talent which is usually exploited and under-compensated when levied with the high commission is dropped down to zero.
Braintrust is a great talent network with a very strong foundation. It is a purely community focussed protocol that will be one of the leading market changers in upcoming times.
