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Adam Jackson

๐Ÿ‘ค Speaker
632 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

And that's exactly, it's basically what you just described.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

It's this wallet that

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

nobody can touch that only the smart contract can give out to people who who help build the network and we basically distribute those tokens as bonuses for people who refer business so nathan if you refer microsoft to brain trust and you use your unique code and microsoft that product manager signs up at microsoft and um and starts microsoft starts paying invoices

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

Our protocol is going to reward you some percentage of that invoice as a bonus in perpetuity.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

For as long as Microsoft transacts, you're going to get that bonus every month paid in token by our smart contracts.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

Exactly right.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

So what you're getting at here is if we're giving, let's say, 1% of all transactions on the person you referred, let's say 1% belongs to you, the person who referred, that 1%, that comes in as cash because Microsoft's paying its bills in US dollars.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

And so let's just say for round numbers, it's a $10,000 bonus that you're owed.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

The protocol will actually buy $10,000 worth of Braintrust token on the open market and

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

and send it to you in the form of token.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

Now, so it doesn't matter what the price of B-Trust is, right?

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

If the market determines that, right?

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

So you may get a lot of B-Trust or a few B-Trust, but you're always going to get a reward denominated in US dollars.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

Ultimately, and the market will ultimately decide what that day one price is, the money we raised last year in 2018, we raised $6 million.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

It's on a convertible instrument, so it hasn't been priced yet.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

The cap is $0.33 per token, and so times $250 million, so about an $83 million network cap.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

And you know the reason for that is because you can never be diluted, right?

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

So this is a fixed supply of tokens that we can never print any more of them.

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

So crypto investors are like, well, if this labor marketplace is going to enable this whole new

SaaS Interviews with CEOs, Startups, Founders
BrainTrust is Fiverr Owned by The Talent via Crypto Token

set of transactions that could never touch a traditional high fee marketplace, you know, like maybe that's interesting, right?