Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

chill guy, chillguy.png

Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

Advanced

Zircuit.png

What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

1.png

Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

block-scholes-x-bybit-report.jpeg

Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

Bybit Learn

DeFi

Braintrust is a DeFi talent network that matches employers to vetted knowledge workers based on rates, skill set and location. Read about how it works here.

BTRST_Tokenomics.png

The challenge of connecting respected employers with top talent in the tech industry has persisted for years. Using third-party agencies has proven to be costly and tedious for many companies and job seekers. 

 platform that connects tech talent with hiring managers for a transparent, hassle-free experience on both sides. From speeding up the hiring process to guaranteeing quality work and payments, Braintrust has been changing the landscape for its many clients. So what exactly can you expect from Braintrust?

In the recruitment and crowdsourcing industry, numerous online job posting platforms seemingly provide an easy way for employers to connect with talent. However, these are generally ineffective, expensive platforms that are cumbersome to use. Braintrust is a network marketplace that is governed by its network participants. It’s designed as a liquid environment that’s controlled by algorithms, and it brings true benefits to both IT talents and employers.

 and Gabriel Luna-Ostaseski, originally identified core issues with existing recruitment and crowdsourcing platforms. The concept of Braintrust as a decentralized network marketplace was born to counter those core issues. Braintrust debuted its public beta in June 2020, and it has grown substantially over its relatively short history, thanks to the hard work of its co-founders, developers and other critical contributors. It managed to raise $25 million during a strategic funding round held in November 2020, eventually launching its public network and releasing BTRST, its native token, in September 2021.

, including project contributors and knowledge workers located around the world. Notably, the businesses that make regular use of Braintrust’s extensive features and benefits also play a firm role in building its community. This innovative approach ensures that users’ needs are consistently met, and that the platform won’t lose touch with either employers or talent. Ownership is granted through Braintrust’s token, BTRST. Some of its many notable members within the 

 include Nike, Goldman Sachs, Intel, IBM, Porsche, Nestlé, Nextdoor, Deloitte and many of the world's leading enterprises.

While there are many talented tech professionals who are actively seeking work with respected companies, connecting with those individuals and companies has proven to be stressful and time-consuming for both employers and talents respectively. 

Despite the availability of many recruitment platforms online, some of these platforms may be riddled with undesirable features and rigorous challenges. For example, they’re generally expensive to use, with considerable fees. Often, these are hidden fees that add to the employers’ recruitment expenses and/or detract from the talent’s compensation. In addition, job seekers are often concerned about where they’ll find their next gig, due to the slow process, and whether they’ll get paid in a timely manner.

When Braintrust was initially conceptualized and developed, the goal was to overcome these challenges with a more innovative, productive platform. Clients and users become owners in the space by holding BTRST tokens and taking on governance responsibilities. They steer the direction of Braintrust’s continued development so that the platform is consistently evolving to meet their needs and deliver a superior experience. 

Owing to this aspect of Braintrust’s design, it eliminates middlemen who may be out of touch with users’ needs — and who may inflate the process with unnecessary fees. In addition, the platform makes it much faster and easier for talent to connect with employers. In some cases, using the platform can shave weeks or even months off of the hiring process timeline. Braintrust’s innovative design elevates the experience of parties on both sides to enhance productivity and profitability.

Braintrust is a comprehensive, well-designed platform that specifically benefits parties on both sides of the IT recruitment equation. 

 by opening a new online account with Braintrust. They are then prompted to create a talent profile that outlines their professional experience and background. Once the profile has been completed, with their work history and other essential details that are pertinent to hiring managers, job seekers can start reviewing the online listings. 

Listings provide detailed requirements and responsibilities for each available position. Job seekers bid on the projects that they’re interested in. With Braintrust, talent can take ownership and governance roles. They can keep all of the money they earn, without having to cover hiring fees and other expenses. Job seekers are matched with projects suitable for their interests and skills, so that the overall process of finding the next gig can be completed quickly. In addition, talent is guaranteed to receive compensation. They also receive 

Braintrust’s excellent design and features are 

. After an employer goes through the quick process of establishing an account on the platform, they can post a job listing at no cost. Braintrust uses advanced algorithms to quickly identify talent that may be a great fit for that job listing. Within 48 hours, enterprise clients may be matched with well-qualified individuals who are eager to get to work. 

Braintrust also has advantageous features that support hassle-free onboarding, compliance measures and invoicing. And because the hired talent keeps 100% of their earnings, without a cut for the middleman, employers can offer a more competitive net wage to attract leading talent.

Braintrust aptly uses blockchain technology to change the landscape of IT headhunting. Its decentralized platform specifically puts knowledge workers and employers in the driver’s seat. This enhances worker freedom and profitability, while granting ownership of the platform. In short, Braintrust has been expertly developed with numerous features to achieve what other recruitment platforms have failed to do.

To join the Braintrust talent community, individuals must first apply to the 

. Then, they’ll be prompted to create a Talent Account, through which users can access their Braintrust wallet and manage their BTRST tokens. These accounts are specifically for members of the community who want to use the platform to search for employment. Applicants must progress through a stringent vetting process before they can start their job search and make full use of the platform.

 is designed for employers who want to take full advantage of the functionality and benefits offered through the Braintrust network. Specifically, participants can earn BTRST tokens with a 20% discount, while paying only 10% of their revenue as a network fee. By doing so, Node participants gain access to thousands of vetted IT professionals who are eager to start working on new projects. 

 qualifies employers for a competition for each referral they successfully execute. One winner is selected each month, to be awarded 1% of the total node 

 (or GSV) contributions. This will be paid in BTRST, up to a $10,000 value.

All token-holding participants in the Braintrust network can 

 to help steer the direction of the platform’s future development. Off-chain and on-chain voting methods are used together to promote discussions and simplify voting on proposals. 

Off-chain voting includes a basic “yes or no” poll, referred to as a Temperature Check. This is followed by a Consensus Check, which is a more formal polling procedure. 

For on-chain voting, formal proposals must be created before they go through a formal voting process. Only projects that pass through all steps successfully are then executed and brought to fruition.

 is open to all of the platform’s participants. It enables participants to earn BTRST tokens as a reward for successful referrals. The amount of tokens earned depends upon the number of connections between job seekers and employers that the referral generates. 

The maximum earning per referral is $10,000, which is payable in BTRST tokens. Participants can profit financially, while also helping the network expand its reach to better serve highly skilled technical talents.

, participants in the Braintrust network will need access to their own 

 if they want to participate in voting, staking or trading. 

Numerous wallets are available that accommodate BTRST tokens. Participants can connect an existing wallet that supports BTRST tokens to their accounts. Otherwise, they’ll need to register for a new wallet in order to benefit financially from their BTRST tokens. 

 are only two of the options available for Braintrust users to consider.

There are numerous recruitment platforms that appeal to IT talent, and to employers seeking their skilled labor. However, Braintrust is the first decentralized talent network that makes use of blockchain technology to deliver a superior experience for all parties. What are the specific benefits that IT professionals and employers can enjoy by being active on Braintrust?

Braintrust has an established community of users and contributors, each of whom participates in the functionality and continued development of the platform. All token holders can participate in community discussions to explore and debate new ideas for future development. 

Governance is a multi-layered process that gives all of the community’s members and owners the ability to participate and contribute to the future of the platform. This is unlike other recruitment platforms, some of which are entirely steered by corporate ownership and may thus lose touch with what’s important to the people and companies whom they serve.

 with a simplified fee structure. With each invoice paid, the employer pays a flat fee of 10% to Braintrust. The tech talent isn’t responsible for any fees, so each worker receives the full amount of compensation that’s agreed upon at the start of the contract. This stands apart from the rate structure for other popular recruitment platforms. Commonly, other platforms have hidden fees that may be difficult to identify, which can detract from workers’ earnings at a relatively high rate. This makes the use of such platforms less appealing to the top talent whom employers are trying to attract.

Braintrust is committed to being the most robust and advantageous recruitment platform available. A solid portion of its success is rooted in the employers who use the platform. As part of Braintrust’s continued efforts to expand, it actively solicits referrals from its participants through its Braintrust Connector Program. As a result, a referring party can receive BTRST tokens as a reward for a successful employer referral. The specific value of a referral is based on several factors, including how many connections occur as a result, and the maximum value of each referral is $10,000.

, each of which has a different purpose. 

, for example, promote brand awareness through a variety of marketing avenues, which include social advocacy, viral campaigns and more. 

 are open to project managers, designers and developers who want to make technical contributions to the continued development of the platform. 

 serve the important purpose of growing available content in the 

. For instance, this content may cover interview training, proposal generation and other key topics relevant to the hiring process. These and other grants are accessed via Braintrust’s 

The insightful concept of Braintrust was formed in August 2018. The network was developed in the months that followed, but it remained in stealth mode until it officially launched in 2020. In between these important milestones, the company raised approximately $5 million in funding from a seed round held in November 2018. After a private beta launch in June 2019, Braintrust attracted partnerships with RocketSpace, Silicon Foundry, IDEO and others.

After the official public beta launch, Braintrust obtained another $25 million in funding in November 2020. Shortly afterward, it passed the milestone of $5 million in GSV. Its governance came online in May 2021. The token was officially launched to the public in September 2021, after which GSV grew at a monthly average rate of 34% for a period of time. By the end of 2021, it reached $31 million in GSV. 

More than that, Braintrust’s unique, no-fee design has expanded the hourly rate for individual talent to almost $100. At the same time, it’s grown its referral program — through which it currently acquires more than half of its new clients. Impressively, the average size of its projects is $57,000. Since 2021, the number of job opportunities listed on its platform has tripled.

Going forward, Braintrust will continue to function on community governance. Its community members will devise, discuss and vote on key changes to the community in order to promote its growth. In addition, Braintrust will continue to focus on expanding its reach in the recruitment industry by attracting even more employers and IT talent to use the platform.

Demand for the native BTRST token that drives Braintrust is BTRST, is introduced by onboarding new clients. Supply is generated through talent. Specifically, clients utilize BTRST to make enhancements to their job listings. 

Job seekers use their tokens to take courses through the Braintrust Academy. They can stake their BTRST, or use their tokens to vote on proposals. Tokens can also be used by IT talent to access various discounts, perks and other resources. In addition to these uses, parties can earn more BTRST through the peer-vetting process, and by referring other talent and employers to the platform.

Most BTRST are allocated for the development of the network. This includes 54% of the coins, which are used for network rewards and community incentives. Up to 22% have been allocated to the network’s initial investors. Another 19% are held by early contributors. Only 5% will be listed for public sale via CoinList. The total available supply of tokens is 250 million, and the current circulating supply is just under 120 million.

Many people want to know if they should build up a supply of BTRST tokens in their wallet, or convert any extra tokens to fiat through an exchange. A look at the historical performance of the token price and what it may do in the future is essential. In September 2021, the price of BTRST was close to $30. As of September 2022, the token’s price is at $2.40. Cryptocurrencies have taken a hit across the board in recent months, so this downward trend in BTRST’s price should be considered a reflection of market conditions rather than the inherent value of the token. It has strong fundamentals with critical functionality on a well-designed, growing network.

As of this writing (Sept. 28, 2022), BTRST has a market cap of around $290 million. In addition, it can be adopted by numerous major companies, which may lift the price further. According to 

, it’s unlikely that BTRST will reach $30 per token soon. However, according to 

, it may be reasonable to expect it to hit a double-digit price by 2026.

Braintrust has already gained significant momentum since its launch, and it continues to expand its reach in the recruitment space. More than that, it stands apart from other recruitment platforms through its innovative fee structure and decentralized design. The price of cryptocurrencies is volatile across the board, so short-term holds could see small gains. However, because the potential for substantial gains in the long term is significant, BTRST may also be suitable for those who are interested in a solid long position.

Since its launch, Braintrust has been changing the landscape of IT recruitment. It empowers its users through direct ownership while maintaining a great fee structure with full transparency. It also offers educational resources for talent to take advantage of. Looking forward, Braintrust can continue to develop through user-controlled governance, which will effectively steer the platform toward purposeful evolution that is purposeful. In addition, the platform will continue to expand its reach, relying heavily on referrals to connect more job seekers with employers.

Braintrust runs off of the power of the BTRST token, enabling job seekers and employers to earn tokens and use them effectively. With a limited number of tokens available, and with a small allotment for public investments, BTRST offers considerable upside potential and exceptional functionality. Both IT professionals and employers are encouraged to explore Braintrust in greater detail and to take advantage of its continually evolving features.

Braintrust (BTRST): A Next-Generation DeFi Talent Network

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards