First-ever Blockchain Real Estate Project — 3,000 BTC Cap Crowdfunded in 24 Hours on Waves Platform

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Primalbase’s ICO campaign successfully completed. The shared office space blockchain sold out its tokens for 3,100 BTC in just over 24 hours. The team was able to sell 1,000 tokens  —  mostly at the bonus Day 1 rate of 3 BTC per token  —  to investors who recognised the strength of the business model.

“We are very grateful to all who participated early and provided strong support to this project. If you were unable to secure your token in time, please stay subscribed to our mailing list to keep informed about project developments and expansions. Although no further PBT sale will ever be carried out, related complementary projects will be launched to help increase the value of PBT for existing investors as well as provide upsides for any new participants.”  —  Primalbase Team.

“We’re seeing sustained interest in ICO tech, despite the ups and downs of the crypto markets,” says Sasha Ivanov, CEO of Waves. “It’s clear that ICOs are here to stay, and they have been a source of huge new interest in blockchain technology. We’re really pleased that Primalbase’s ICO has been a success, and that the project has been added to the growing list of initiatives hosted on the Waves platform.”

Building upon the well-established business model of shared workspaces, the Primalbase project transforms traditional office rental into a new-generation community-based ecosystem where one can share, sell or rent out high-quality office spaces using Ethereum and Waves-based digital tokens.

Waves Platform is a decentralized platform for launching crowdfunding campaigns and issuing digital assets. It is the largest blockchain project to originate from Russia. The Waves encryption platform is primarily designed to support the issuance, trade and exchange of digital assets/tokens using blockchain technology. The project is characterized by its emphasis on usability and widespread application. It is supposed to use Proof-of-Stake as its consensus algorithm. Waves Platform completed its Initial Coin Offering in June 2016, garnering more than $16 million (30,000 BTC).

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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