First Ever Real Estate Project on Blockchain Launches in Amsterdam – ICO Today

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Primalbase plans to launch the first ever shared coworking spaces for the tech community leveraging Waves’ technology with a token that gives lifelong access to office facilities . Using Blockchain’s features, these tokens can also be traded or leased to other users. Lifetime access is guaranteed through purchase of a single Primalbase token that will be offered during the Initial Coin Offering (ICO) set to begin on the 26th of June at 12:00 noon (UTC).

The shared workspace rent in tech hubs is usually costly, but Primalbase aims to change this by building a digital analogue for community membership mechanisms and turning membership into investment. Primalbase token (PBT) holders will be able access any of Primalbase’s facilities and book a coworking space (with 1 PBT) or a shared office (with 4 PBT) by using a mobile app. In addition, they can lease their tokens (or fractions of tokens) to other users based on peer-to-peer agreement. It is also possible to trade PBT on major cryptocurrency exchanges and sell it at any point.

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“Real Estate is a conservative and a traditional industry, and thus it is ready for disruption. Blockchain needs real use-cases based that are not just based on speculation. With previous coworking space experience, we turned what used to be a cost into an investment, showing the power of applying blockchain to new industries,” comments Dmitry Faller, CEO at Primalbase.

Primalbase is built on the Waves and Ethereum platforms. The total number of free-to-use tokens is 1000 PBT. 250 tokens are reserved for management remuneration and social activities within the tech community to accelerate growth. After the ICO, no new tokens will be created. Full token holders will be able to vote on new Primalbase locations and be a part of the ever growing Blockchain-inspired community. Future locations include Amsterdam, Berlin, London, New York, and Singapore.

“Primalbase is a real estate company, while it is also a Blockchain community. It offers a rather unique product – on the one hand, it is access to office space, on the other hand, it is a financial instrument, which can be traded on the market. There hasn’t been anything like this before,” says Sasha Ivanov, Founder and CEO of Waves.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

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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