Braintrust is the world’s first decentralized talent network.
That means Braintrust is owned and controlled by its users rather than a central corporation. Its talent (job seekers) and client (companies) pool have enough work and enough workers to enable capital-efficient price discovery.
This is a key benefit of the Braintrust network, its ability to discover and provide an efficient price for the services sought by companies or provided by freelancers.
Employers
Are you an employer searching for the perfect candidate, or to source highly skilled freelance talent?
Job seekers
Are you a job seeker, or a freelancer who are looking for your next remote work opportunity?
Continue reading to find out
how this decentralised talent network will work for you.
How does Braintrust work?
When you join a talent network like Braintrust, you need to align on three factors:
- Price: This is the hourly or project proposal rate which talent may bid on while proposing their own rates.
- Skills: Companies contract specific skills to ensure quality return on their investment. Talent is defined by the breadth of their abilities, proven proficiency, experience in the specific skills related to the job, and fluency in the language the job requires.
- Location: With most freelance work moving remote and online, the physical proximity of talent to employers is often less critical: what usually matters is whether their time zones will allow them to properly interface and collaborate.
Clients/companies posting a job, must offer competitive pay and keep the required skills and experience as broad as possible to avoid unnecessarily discouraging bids. They also explain acceptable time zones.
Talent /job seekers place bids by submitting proposals which thoroughly list skills (profile completeness), set competitive prices (posted hourly rate), and ensure locations align with existing client demand (time zones supported).
The decentralization and price discovery mechanisms of the Braintrust network create a system that is better for both talent (the supply) and clients (demand).
Benefits of joining Braintrust
Talent are charged no fees
Talent (freelancers) are charged no fees: they are paid their full contracted rate, whether that be per hour or per project.
Clients are charged 10% of the total contract value, an amount that is significantly less than in other networks and consulting firms. That fee is used to pay the costs of network operations.
Instant matching on the Braintrust network gives talent greater choice over the work they do, eliminating bureaucracy that bogs down traditional bid processes. Talent on the Braintrust network own their reputation, ratings, and work history — all of which are stored securely on the public blockchain.
The bid and ask matching process significantly decreases the time to hire for companies that need top talent quickly. Companies that use Braintrust save, on average, between 50% to 75% over traditional recruitment agencies and staffing firms. That average doesn’t account for the additional financial benefit of being able to quickly capitalize on market opportunities.
Braintrust Token – BTRST
BTRST token launched on Ethereum Sept. 1, 2021
The token powers the entire decentralized network’s governance, incentivizing the community to build the network through referring clients, as well as screening new talent.
It has a fixed supply of 250 million tokens, meaning the total number of tokens in circulation can never surpass that amount.
There are a few ways to earn BTRST tokens:
- Community users screen talent
- Users can take courses on the Braintrust Academy
- Talent becomes approved
- Talent earns tokens for 5-star reviews
- Referral of new talent to the Braintrust network
- Referral of new clients to the Braintrust network
What can Braintrust Tokens be used for?
- Governance: BTRST token holders can discuss ideas for improvements, propose changes, and vote on governance proposals. Because each token represents one vote, users who hold more tokens have greater say in how the network develops.
- Bid Staking: In a competitive market, talent may stake tokens to stand out, offering their tokens as collateral, which they would lose if they fail to deliver on the contract (based on community-based adjudication). Clients can also stake tokens, which go to qualified applicants if the clients don’t go forward with the job — encouraging talent to apply knowing they will be compensated for the time they spend crafting a proposal.
- Career Benefits: The tokens are also expected to be redeemable for special perks offered by other community participants exclusive to the Braintrust community. This includes free and discounted software, products, and career resources. Users can also earn tokens by taking courses on Braintrust Academy, an independent community-run organization which teaches talent valuable skills to help them earn more on the network.
Sign up today
Job seekers (talent), sign up today on Braintrust and do a proposal for that job you have always dreamed of, or for the next contract! A remote opportunity could be with a company on the other side of the world.
Employers (clients), to register on Braintrust and enjoy the benefits of a innovative talent network, like finding quality screened talent at a far reduced rate and with great speed, please contact linky@virtualprojectconsulting.com for assistance.