Adam Jackson
๐ค SpeakerAppearances Over Time
Podcast Appearances
There's no reason to do that.
The way our token works and I'll start by saying it is not a payment layer.
All the jobs done when your friend joins from Airbnb and does contracts with Pepsi, that's all done in cash.
OK, we don't need another payment layer right now.
Um, our token, the brain trust token is used as an incentive mechanism.
So we use it to reward people for building our network.
What does that mean?
That could mean actually coding and building the software for brain trust, but more, more likely it's inviting new talent.
helping vet that talent we have a peer-to-peer vetting system so it's not just us vetting everybody and inviting clients so we we've raised a modest seed round we're not you know most companies go raise hundreds of millions of dollars they build out giant sales and marketing and product teams how much we've raised six million so far okay and so we we actually instead of hiring all those people in-house we have our network do it for us refer clients refer talent all those things
And we give them our token in exchange for that.
And so our token is used as an incentive mechanism.
So here's the story.
So let me back out to the real premise that makes us unique and different here.
My co-founder and I, Gabe, we firmly believe that user-owned and controlled networks will grow faster and be more valuable than
than founder and investor owned networks.
OK, so very different ownership paradigm here.
And so how do you allow 10 million people in 50 countries to own and control the network, vote on the rules and all that stuff?
Well, you just can't do it with shares of a Delaware Sea.
It's physically impossible, right?
It's logistically impossible.