Adam Jackson

They're all earning credits.

credits that will convert into this token when we launch next year.

So when we launch, a big portion of the tokens will already have been spoken for and will be distributed to these folks that have been helping us for two years now.

The rest that have been unallocated will sit in treasury.

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

It's this wallet that

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

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

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

Exactly right.

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.

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

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

and send it to you in the form of token.

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

If the market determines that, right?

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.

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.

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

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