Primal base is essentially a crypto token based sharable workspace system that makes it possible for workspaces to be shared, sold or rented to a global community. The crypto tokens used are wave-based and ethereum digital.
This technology has revolutionized the real estate industry which is an industry that has not experienced any significant changes over the years.
Coworking has become quite popular and encouraged big companies to invest in this new way of using workspaces. Actually, Primalbase is not a new concept per se; it builds on the existing innovations such as WeWork which provides a global community with a shareable infrastructure.
Primalbase brought in the crypto tokens aspect into this idea to make it more efficient and profitable for the members.
Primalbase is fast to set up, scalable, and flexible regarding timing and the number of people in a team.
How Does Primalbase Works?
Basically, primalbase consists of two key components: the coworking spaces and rentable offices. The coworking spaces are reserved for community members or people who have memberships as well as landlords, tenants and opinion leaders who can contribute to Primalbase project’s development in future.
Rentable offices, on the other hand, are available to the public who can consist of project teams, companies, branch offices, and startups. Primabase earns profit through collecting rent from the tenants of the rented offices and uses the funds to cater for the property management’s operating expenses.
When it comes to accessing the workspaces, there is a distinct difference between how someone can access shared workspaces and rentable offices. To access a shared workspace, a person is required to use one PBT token to gain full access to the shared working or co-working space and enjoy all the basic services at any location where Primalbase has a presence. The token is only paid once.
On the other hand, a holder can purchase as many tokens as they want because the number they can buy is unlimited. Once the holder has bought four tokens, they qualify to use a separate office in case it is not being used.
If a person from outside the community feels a desire to rent Primalbase, they can rent a token from a community member which is referred to as having temporary ownership of the membership.
Benefits of Joining Primalbase
Primalbase will spread to new hubs in different parts of the world which will lead to more community members which will open more doors for the project such as new partnership agreements.
Primalbase is in its early stages of development and now is the best time for interested parties to join it as community members from the start. Over time, tokens will only be obtained through cryptocurrency exchanges.
Primalbase token is touted as not only as a means of acquiring membership but also a form of investment.
Token owners are at liberty to rent them out by utilizing the WAVES protocol’s unique technical feature. It is projected that tenants will increase in numbers as the Primalbase project develops. Primalbase also targets vibrant business hubs at prime locations and will distribute part of its revenue gained from these endeavors among the token holders.
Primalbase Office In Amsterdam
Amsterdam is one of the first places where Primalbase has set up an office, and it already has a robust coworking experience that has been receiving praise from all quarters. The Netherlands government offers different programs and incentives to start-ups and international companies that intend to scale-up.
The country is committed to encouraging and promoting technological innovation which makes it an attractive location for aspiring technology innovators. Cisco Systems, Netflix, Tesla, and Uber, are some of the popular international companies that are headquartered in the city. It also has local successful tech companies such as WeTransfer, TomTom, fintech unicorn Ayden and Booking.com among others.
Some of the factors that make Amsterdam a favorable environment for growing companies are the long history of groundbreaking companies and technology innovation, strong digital infrastructure and a wide transport network.
The large talent pool and access to Europe are other factors that are making Amsterdam attractive. The city has a strong culture of supporting knowledge, research, and business. The city has many top ranked universities that attract students from abroad, and it is also home to more than 200,000 IT professionals.
Innovators from other countries are offered a one-year startup visa which gives entrepreneurs from countries outside the European Union a chance to launch a new innovative business in the country and gives them tax exemptions on their salary.
Primalbase has carefully selected the places where it will open offices and create communities of like-minded people.
The common characteristic among these locations is that they all have a favorable environment for technological entrepreneurship. These places include Berlin (Primalbase techno), New York, (Primalbase liberty), London (Primalbase queen) and Singapore (Primalbase lion). The initial stage of Primalbase shareable infrastructure necessitates the setting up of 5 shared workplaces measuring a total of 2000 square meters in these locations.
Primalbase ICO begins on 26th of June 2017. It will be the perfect time for people to invest in the product and stand to gain the 66% bonus that will be given to early investors.