Hi friends 👋,
Some of you only found out about Talent Protocol recently, so you may have missed some of our community calls, or Talent Talks, as we call them now.
That’s why we prepared a short ‘n sweet breakdown for you of everything that has been covered at the first five calls.
Call #1 and #2: tokenomics
Our first two calls were still pretty small and involved mostly the core team, a few advisors, and some hardcore believers from the Discord channel 🙌. We presented and discussed our tokenomics design and what Talent Protocol is trying to achieve with it.
The three main goals the tokenomics should reflect:
- Careers are long term, investments should be as well.
- Support different talent from different backgrounds. Support them to support their careers.
- We want a strong network effect, where if one wins everyone wins.
In terms of our first goal, Talent Protocol should not be a speculative or a trading platform. It is not even a classic investment platform because Talent Protocol doesn’t maximize for monetary success (according to one of our core values “ambition, not greed”). Financial gain will be a positive external effect of the protocol, and since careers stretch over many years, we designed the tokenomics to do the same by stretching out community and talent rewards over a long time.
The tokenomics also support talented people by paying out network rewards for activity that encourages meaningful cooperation between participants. Moreover, by backing the price of individual Talent Tokens with TAL, the growth of one talent pulls up the entire network. Conversely, everyone can rely on the support of the entire network. Although an individual with a particularly big following may be better off going it their own, this tokenomics design benefits undiscovered talent with a loose network of supporters.
You can find a detailed explanation of our tokenomics in our Talent Protocol Docs.
Call #3: community building
Our third call already saw a few more people join 😀. We talked community building and specifically this question:
What common interest does the TAL community join around?
- Empowering talent
- Discovering talent
- Building meaningful connections
- Giving and receiving career-related guidance
Each community rallies around common interests. Talent Protocol is about supporting others on their career paths, so common topic of interest are everyting around careers (problems, progression, motivation), finding and supporting talented people, and, of course, mentorship.
We found that talking to two audiences simultaneously (supporters and talent) is challenging, both in terms of product development and community building. For now, we don’t have a perfect solution to this.
Call #4 and #5: Talent Talks (AMAs)
With our community growing to over 5,000 both on Discord and Twitter, our community calls were a lot busier, too 😮. Between 50 and 100 people came to our AMAs, and the community calls will be called Talent Talks from now on.
Besides showcasing our Beta, we answered a couple of interesting questions that came up. Below is a Best of Talent Talks for those that missed it 👇:
How did you come up with the idea for Talent Protocol?
We figured there should be a way to invest in someone you expect to go far in life. At the moment, there is no way to support them and have a stake in their success. Talent Protocol will change that.
How do you find talented people to invest in?
We will build partnerships in different directions, for instance with educational institutions and other protocols. Word of mouth and people finding us on Twitter, Discord, Medium and in the press will be important too 😉. Our waitlist is pretty long already, so the real chllenge will be to onboard them and put talent through our Talent Camp to deploy their tokens.
How do you select talent?
First and foremost, they have to be value-aligned with the platform. That means valuing cooperation, building for the long term, and, obviously, believing in Web3. For now, we are verifying and selecting talent manually through a form and an interview process. This will not be scalable, so one of the future challenges is to decentralize and scale this process.
How do you measure talent?
For now, value alignment is most important because these early believers are laying the foundation to the protocol’s future success. At some point, there should be a mechanism to “measure” talent, but that is undecided for now.
Can talent dump their own tokens?
This is not possible since our Beta version does not allow for withdrawals in order to test and improve the platform 😉. Once Talent Protocol is public, the tokenomics prevent dumping.
Can non-crypto people join Talent Protocol?
Absolutely, in fact, they already are joining! In the future, we will have a mix of web3 veterans and web3 newcomers. As long as you believe in web3, you are good. For now, it makes sense to start with web3-affine people to smooth the building phase of the protocol.
Will Talent Protocol exist in other languages?
It might in the future, however, we are currently focused on building a good protocol in English 😉.
How will liquidity will be solved?
This is undecided now, as we are a good 3–6 months away from going public. When Talent Protocol comes closer to going public, we will share more details on this and other price-related issues.
If you missed out on our first calls, fear not! Join our Discord because that is where we host all of our community calls. Click on the Events tab at the top of the Discord channel list and click Interested to receive a notification when we start 🙂.