Jackson: Braintrust fee converter buys BTRST on open market with enterprise fees
Adam Jackson · He Converted SaaS to Blockchain, Now $230m Market Cap to Kill Fiverr · Feb 27, 2022 · at 21:15
Adam Jackson, co-founder of Web3 labor marketplace Braintrust, explains how marketplace activity directly generates buying pressure for the BTRST token.
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“Last week, there was a community protocol upgrade where the community basically said, hey, that 10% fee collected from clients in cash needs to be paid in brain trust token. The community developed a new smart contract called the fee converter, which takes US dollars from clients like Goldman Sachs or Nike and Sends it to that smart contract. That smart contract buys brain trust tokens on the open market, sends it to the doubt and the doubt is used to fund more community development, more protocol development. So that creates a link between activity on the marketplace, IE fees being generated and demand for the brain trust token.”
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