With the gig-economy in full swing and less and fewer people holding traditional jobs, the need for shared workspaces is constantly increasing. Freelancers need a place to work outside of the home, startups want the convenience of a temporary office without the hassles that usually come with it.
Coworking spaces do not always come cheap, though; and even when they do, not everyone's comfortable with adding an extra cost to an already cash-strapped budget.Enters Primalbase, a Dutch startup that is aiming at transforming the traditional office rental into a community-based ecosystem where one can share, sell or rent out office space using blockchain-based digital tokens.
At the end of June, Primalbase organized an Initial Coin Offering (ICO). Users could get one Primal Base Token (PBT) for every three bitcoins spent, entitling them to a lifetime membership in one of Primalbase's coworking spaces.
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They could later rent or sell their token so that it could generate profit even when they were not using it."We basically issued our own currency called Primalbase Tokens and unlike say BitCoin or Ethereum - it is tied to a tangible asset - real estate.
This asset has a market price in the real world, so it is unlikely the price would ever go lower than that. To make the most out of the investment - it's best to put the token to use, or basically rent it out.
Imagine buying 2 square meters inside a big office and being able to rent it - this is what we do but more decentralized," Primalbase's Chairman of the Board, Dmtry Faller tells me.
An interesting concept, albeit a "nerdy" one, so I was slightly surprised to learn that after little more than 24 hours from inception, the PBT crowdsale was already sold out.
According to data provided by the company, the number of investors surpassed 1100, and the total investment amounted to approximately 3100 BTC (around $7,3 mln)....continue reading:
https://www.forbes.com/sites/federicoguerrini/2017/07/31/this-startup-allows-you-to-turn-your-cowork...
Coworking spaces do not always come cheap, though; and even when they do, not everyone's comfortable with adding an extra cost to an already cash-strapped budget.Enters Primalbase, a Dutch startup that is aiming at transforming the traditional office rental into a community-based ecosystem where one can share, sell or rent out office space using blockchain-based digital tokens.
At the end of June, Primalbase organized an Initial Coin Offering (ICO). Users could get one Primal Base Token (PBT) for every three bitcoins spent, entitling them to a lifetime membership in one of Primalbase's coworking spaces.
Shutterstock
They could later rent or sell their token so that it could generate profit even when they were not using it."We basically issued our own currency called Primalbase Tokens and unlike say BitCoin or Ethereum - it is tied to a tangible asset - real estate.
This asset has a market price in the real world, so it is unlikely the price would ever go lower than that. To make the most out of the investment - it's best to put the token to use, or basically rent it out.
Imagine buying 2 square meters inside a big office and being able to rent it - this is what we do but more decentralized," Primalbase's Chairman of the Board, Dmtry Faller tells me.
An interesting concept, albeit a "nerdy" one, so I was slightly surprised to learn that after little more than 24 hours from inception, the PBT crowdsale was already sold out.
According to data provided by the company, the number of investors surpassed 1100, and the total investment amounted to approximately 3100 BTC (around $7,3 mln)....continue reading:
https://www.forbes.com/sites/federicoguerrini/2017/07/31/this-startup-allows-you-to-turn-your-cowork...