Talent Protocol (TALENT) Describes Itself As

Talent Protocol is an open and verifiable professional reputation system designed to help talented individuals, particularly builders in Web3, stand out by bringing their professional credentials onchain. The project aims to solve the inefficiencies in job recruitment and hiring by consolidating fragmented professional reputation data into one transparent, verifiable source. Its key components include the Talent Passport (a smart resume), the Talent API (a data-driven system), and the TALENT token (the utility token for the protocol).

The project's mission is to help the next generation of builders succeed by bringing their reputation onchain, where data speaks louder than words. 

Project Function

Talent Protocol’s primary utility lies in improving talent discovery and verification across industries by introducing a portable, verifiable reputation system. The platform connects with several data sources (e.g., GitHub, LinkedIn, Coinbase) to pull in achievements, contributions, and endorsements, which are then aggregated into a Talent Passport—an AI-powered professional profile. These credentials are categorized into Identity, Activity, and Skills, which collectively generate a Builder Score, offering a real-time evaluation of a user’s expertise and accomplishments.

The Talent API enables developers, recruiters, and organizations to access professional reputation data and integrate it into their platforms. Talent Protocol is already partnered with major industry players such as Base, Etherscan, and Coinbase. Its data can be used for recruitment, educational matching, or even financial applications like under-collateralized lending.

Token Utility

TALENT is the utility token of Talent Protocol, and serves several key functions, including:

• Increase Trust & Visibility: Users can deposit TALENT to increase their Builder Score and access premium features, or spend to invest in other builders! 
• Data Operations: TALENT is used to pay for the minting of Builder Scores and Credentials, exclusive Builder Perks, as well as Talent API access and Talent Pro plans.
• Verified Data: Both users and applications are rewarded in TALENT for referring quality users. Developers can earn by building custom credentials, and Talent can further earn from paid searches to their profiles. 

About the Team

Talent Protocol is led by Pedro Oliveira, Francisco Leal, and Filipe Macedo. The project has gained backing from prominent venture funds, including Protocol Labs, GSR, and Jump, as well as angel investors from major projects like Celo and Anchorage.

Risks of TALENT

Like an investment in other crypto assets, there are some general risks to investing in TALENT. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in TALENT is subject to the following specific risks:

• Talent Protocol uses smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with TALENT. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The TALENT community and Talent Protocol founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of TALENT have no recourse to the TALENT community, Talent Protocol founding team, or Uphold if TALENT declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing TALENT on the Uphold Platform, Uphold performed due diligence on TALENT and determined that TALENT is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of TALENT, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of TALENT.
• Any marketing materials put forward by the TALENT social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with TALENT, including any code defects, security breaches and other threats concerning TALENT and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with TALENT, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of TALENT.

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on December 10, 2024.