The Braintrust (BTRST) token underwent a blockbuster listing on Coinbase Pro shooting nearly 200% in a day’s time. The Braintrust platform aims to transform the gig economy using the power of decentralization.
BrainTrust, the world’s first decentralized talent network launched its native token BTRST on the Coinbase Pro platform on Wednesday, September 15. As of press time, the BTRST has gained a staggering 180% in the last 24 hours. The official announcement from Coinbase read:
“Starting today, Wednesday, September 15, we will begin accepting inbound transfers of BTRST to Coinbase Pro. Trading will begin later today if liquidity conditions are met”.
As of press time, BTRST is trading at a price of $32.1 with trading volumes nearing 2 million. Coinbase Pro is currently offering BrainTrust trading pairs like BTRST-USD, BTRST-USDT, BTRST-EUR, BTRST-GBP and BTRST-BTC.
For most of the trading pairs, trading is available for the limit-only mode. However, the BTRST-USD order book is now available in full-trading mode. Note that the BTRST trading is only available on Coinbase Pro and not on Coinbase.com or through its consumer mobile apps.
Braintrust (BTRST) is a decentralized Ethereum token powering the talent network Braintrust. It helps to incentivize on-demand workers and freelancers.
As said, Braintrust is a decentralized talent network connecting freelancers to organizations worldwide. The demand for skilled freelancers by enterprises has shot up worldwide. Braintrust helps to meet the enterprise demand by connecting the top talent with organizations.
The great part is that it allows freelancers to keep 1005 of their earnings while eliminating the middleman. The platform developers noted:
“Braintrust is a live, self-governing decentralized network with tens of thousands of talent participants and hundreds of Fortune 1000 enterprises including Nestle, Porsche, Atlassian, Goldman Sachs, and Nike processing millions of dollars in transactions each month. All of the development and maintenance of the network has been done by a global network of contributors on the Braintrust network.”
Furthermore, Braintrust has a sound business model. While it charges nothing from the freelancers, it takes a 10% cut from the enterprises. In comparison to other Web 2.0 marketplaces, Braintrust helps to save 70% of fees on both sides.
Braintrust launched the BTRST token earlier this week on September 1, 2021. The launch took place on the Ethereum mainnet with the BTRST token following ERC20 standards. The supply of BTRST tokens has been capped at 250 million tokens. Thus, the total number of BTRST tokens in circulation can never surpass this number.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.