Talent Token FAQs

How can you launch your own Talent Token?
Once you have joined the waitlist and filled out our questionnaire, the core team reviews your application to ensure your profile is compatible with the early stages of Talent Protocol.
In the upcoming seasons, Talent Protocol will transition to a decentralized token launch process. The community will vote on which Talent Tokens align with the protocol's mission and should be launched.
What does it cost to launch a Talent Token?
Currently it’s free to mint Talent Tokens on Talent Protocol and no platform fees are charged to buy and trade.
Do I need to have an existing network of people that want to invest in me? 
No. Talent Protocol will showcase you to potential backers across the world, but you can't guarantee they will buy your Talent Tokens. Our advice is to find at least a few initial supporters within your network that will invest early to help kickstart your economy.
Is it mandatory to define perks for Supporters?
Yes. There's need to be some kind of utility for your Talent Token besides market trades. Talent Protocol will work with you to choose adequate benefits for you and your stakeholders. 
Talent is incentivized to to create additional value to their Talent Tokens. One example is offering perks for your top supporters that hold a certain amount of your coin.
What happens after launching my Talent Tokens? 
After launching your Talent Tokens it will be important to updated your Talent Profile regularly and to maintain an active relationship with your backers. For instance, you can have a monthly career update or a quarterly stakeholder call where you highlight challenges your support network can help you with.
Identity verification.
Talent Protocol will provide additional verification tools to double-check if the information presented by each talent is real. We're evaluating key partnerships that can make this process as simple and secure as possible.
Off-chain activities between talent and supporters.
Off-chain activities, like services and perks token holders can access, are enforced socially rather than on-chain. This means Talent Protocol cannot guarantee that each talent follows through with what they promised or proposed, but they will likely see a drop on their Talent Token price if they don't. Honest, ethical and hard-working talent should eventually be rewarded with large liquid markets that they have created from zero intrinsic value. 
Please be mindful, that it's always important to thoroughly conduct due diligence on all talent you plan to support and never spend more than you are willing to lose.

Last modified 1yr ago