Description
Talent Protocol leverages onchain technology to create visible, verifiable professional reputations, simplifying talent discovery and candidate assessment. Through aggregating data across platforms, it reduces hiring friction and opens avenues for innovative applications like under-collateralized lending. The $TALENT token supports the ecosystem by incentivizing users to maintain verified data, usable for visibility boosts, onchain services, and earning rewards. With 600 million tokens, Talent Protocol is backed by $3.5 million from investors like Protocol Labs and GSR.
Value Proposition
Talent Protocol leverages onchain data to make reputation visible online and verifiable, so that anyone can easily find and reward talent. By aggregating reputation data across various platforms, Talent Protocol streamlines talent discovery, simplifies candidate assessments, and supports applications like under-collateralized lending. By aggregating reputation data across platforms, it streamlines talent discovery, simplifies candidate assessments, and supports applications like under-collateralized lending. This open, transparent approach reduces hiring friction and ensures that individuals' skills and potential are easily accessible and authentically represented, fostering recognition and rewards across sectors.
Governance
Currently, Talent Protocol it doesn't have a formal governance structure, but is exploring to develop a governance system where members with Builder Score > “X” or holders of certain credentials, can have more voting power.
Tokenomics
Talent Protocol’s $TALENT token is structured to support its ecosystem of verified reputation data. With a fixed supply of 600 million tokens, it has an initial circulating supply of approximately 175.78 million tokens (around 29%). Talent Protocol’s $TALENT token is designed to support a reputation-focused ecosystem by incentivizing users to create and maintain verified data. The token can be used in three main ways: boosting visibility through deposits, paying for onchain services like Talent Passports, and rewarding users for adding quality data.
Previous Funding
Talent Protocol has raised $3.5 million from backers like Protocol Labs and GSR, ensuring the growth and sustainability of its mission to redefine professional visibility in a decentralized manner.
