Braintrust is a decentralized talent network that connects highly skilled technical freelancers with reputable brands. It uses blockchain technology to transparently distribute control of its network to community members, who earn and use the BTRST token to govern and grow the network. This token incentivizes users to contribute to the network's success, aligning their interests with the platform's growth.
Braintrust (BTRST) is used in various ways within the decentralized talent network. It is the token that fuels decentralization on the platform, giving governance to users who transact on the marketplace. Here are some key uses of BTRST:
- Governance and Voting: BTRST holders can discuss ideas for improvements to the network, propose changes, and vote on change proposals. One token represents one vote on key network decisions.
- Staking: BTRST can be staked as collateral to make job offers and bids more competitive.
- Earning and Referrals: The BTRST token is programmatically earned by referring and screening new Talent and clients to the network. Connectors who refer new Talent or clients receive a portion of each future transaction their referrals make on the network in BTRST tokens.
- Network Growth: BTRST can also be earned by contributing to the growth of the network.
These uses align incentives on the talent network, ensuring that users are incentivized to make decisions that help the network grow, as they reap the rewards of its success in the form of BTRST tokens.
To store Braintrust (BTRST) tokens, you have two options:
Braintrust Platform Wallet: Braintrust holds your BTRST tokens for you on a wallet hosted at an insured, qualified custodian. This wallet is accessible through your Braintrust account and dashboard. The platform keeps track of the tokens you earn and stores them securely.
External Wallet: You can withdraw your BTRST tokens to an external wallet of your choice. This is recommended if you want to use your tokens for voting, staking, or exchanging, as external wallets need to be ERC-20 compatible. Be sure to follow best practices for securing your external wallet and be aware that once the tokens leave the Braintrust platform, they are your responsibility.
To buy Braintrust (BTRST) tokens, follow these steps:
Create an Account:
- Download the Coinbase app or visit Coinbase.com.
- Sign up for an account, providing a valid ID and proof of address if required.
Add a Payment Method:
- Connect a payment method such as a bank account, debit card, or initiate a wire transfer.
Search and Select Braintrust:
- On Coinbase.com, select "Buy & Sell" and then choose Braintrust from the list of assets.
- On the Coinbase mobile app, search for Braintrust and tap it to open the purchase screen.
Enter the Purchase Amount:
- Use the number pad to input the amount you want to spend in your local currency. The app will automatically convert it to BTRST.
Finalize the Purchase:
- Tap "Preview buy" and review the purchase details.
- Confirm your purchase by clicking "Buy now".
Alternatively, you can also use a decentralized exchange (DEX) by following these steps:
Download a Crypto Wallet:
- Download a wallet like Trust Wallet, which supports the Ethereum network.
Buy ETH as a Base Currency:
- Buy Ethereum (ETH) on Binance or another exchange.
Send ETH to Your Wallet:
- Withdraw the ETH to your Trust Wallet.
Choose a DEX:
- Select a DEX that supports your wallet, such as 1inch.
Connect Your Wallet:
- Connect your Trust Wallet to the DEX using your wallet address.
Trade ETH for BTRST:
- Select ETH as the payment and BTRST as the coin you want to acquire.
- Apply the Swap:
- Click the Swap button to complete the transaction.
Please note that cryptocurrency prices are subject to high market risk and price volatility. It is essential to understand the associated risks and consider your investment experience, financial situation, and risk tolerance before making any investment.