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Adam Jackson

๐Ÿ‘ค Speaker
632 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

Then COVID hit, remote work became the new normal.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

The brain trust model became really in demand.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

And then fast forward to September of 2021, last year, our token hit the Ethereum mainnet.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

Sure.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

Yeah.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

It just means the brain trust token, BTRST, is now live on the blockchain and can be given to anyone who helps the network.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

It can be bought and sold on Coinbase.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

It's a live token ecosystem.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

It's not a test net anymore.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

Yeah, it's totally market driven.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

So it's just, you know, total supply and demand dynamics.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

When they were minted before the network, when they were IOUs, they had no cash value whatsoever.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

um and there you know it's it's a governance token so there's uh there's a few different uses for it but it's one token one vote on the system so all the all the rules of the network like how many what fees should talent and clients pay what should the product roadmap be you know what should we build next those are all sort of determined through token voting so it's a governance token and then a recent protocol upgrade the tokens actually used uh they were the pro the

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

network requires clients to pay their network fees in the Braintrust token.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

So you have the protocol going out and buying its own token.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

Well, crypto is really volatile.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

I mean, it's just such a nascent asset class that I think these tokens, people are still figuring out what they're worth to folks on the network.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

To make a clear distinction, the cash value of the brain trust token is actually not relevant to the network.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

It's one token, one vote.

SaaS Interviews with CEOs, Startups, Founders
He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr

The more tokens you have, the more influence you have over the network.