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Pantera-supported Braintrust Released Token Across Ethereum Mainnet

By Natalie Wu | September 3, 2021

Decentralized talent network Braintrust has reportedly initiated the official rollout for its BTRST token across the Ethereum main net, paving the way for a new governance framework. 

Specifically, the project was initially released to the general audience in June last year and has managed to accumulate an overall figure of $31 million regarding gross services revenue – a jump from the $3.5 million benchmarks at the time of the revealing, per Braintrust. 

Since June 2020, Braintrust’s community has reportedly experienced a three-fold increase size-wise, catering to large corporations, nominally Goldman Sachs, American Eagle Outfitters, Atlassian, Porsche, Under Armour, and Wayfair. 

The freshly distributed BTRST tokens reportedly equip Braintrust’s clients – which is more than 50,000 – with ownership of the platform in a direct manner, offering incentives for community building and referrals. BTRUST has been minted at a supply locked in at 250 million tokens, per the firm. 

Braintrust is reportedly having goals to gain profit out of shifting labor market trends, during the time of the health crisis happening worldwide, with countries going into lockdown mode for their economies, to minimize the spread, leading to a compulsory change of working style with remote work policies for knowledgeable staff. 

With the economies are gradually moving towards a more decentralized state, blockchain could reportedly play a more increasingly vital role for the establishments that are carrying out the digitization work. 

Regardless of a few nominal instances of Zoom or Slack forced to employ digital solutions, in the long haul, remote work has the ability to introduce a wide range of use cases for permission environments and other forms of decentralized technology.

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