PRIMARY Blockchain Platform Launched on EOS by Rent24 for Communal Living

Rent24, the co-living and co-working space provider recently announced that it had launched PRIMARY. This is a blockchain-powered platform that will incentivize global collaboration amongst participants of its network of living and working spaces.

About PRIMARY

The Platform is intended to be the bridge between the real world and participants of its co-living and co-working network. It will let users promote services, connect, share know how, and get funding for startups and projects.

Besides that, it will function as a decentralized Blackboard, where users post tasks or jobs. Others will be able to claim the jobs and complete them. In return, they will be paid in tokens and a reputational prestige. The rewards will be based on whether the member does a satisfactory job for the assigned task.

For every task that is completed successfully, a member will be rated using the PRIMARY internal ranking system. They will gain status and possibly improve their position within the ranks.

The Token Sale

Rent24 is planning to hold a token sale for the PRIMARY tokens. The sale will start on August 1, 2018. This tokens sale will be used to raise funds for the blockchain project. There will be a hard cap for the project set at $500 million USD. There will not be any limit on the number of tokens that will be offered for purchase.

Communal Living And Blockchain Tech

PRIMARY was an innovative idea, which is aimed at accentuating the communal life. This is a way of co-working and co-living that is becoming quite popular amongst millennials. Many see this lifestyle as based on collaboration, community, and transparency. Thus, the security offered by the blockchain seems like a good fit. In fact, the technology could only bring improvement upon the agreed-upon values, especially those of transparency and collaboration.

The blockchain will ensure that transparency is maintained. It will ensure that it is possible to track everything. Thus, it will lead to the creation of a trustless ecosystem, aiding in the creation of a harmonious community.

The CEO Explains PRIMARY

Robert Bukvic, the CEO of Rent24 explained that all users on PRIMARY would have equal opportunities to utilize the platform. It would be available to anyone in any part of the globe. The community will set the level of rewards, which members send to each other. Each member will be able to determine to set the value that they allocate to a service. This approach will lead to a global community which merges physical location with a blockchain platform.

About Rent24

Rent24 is a company that offers co-living and co-working spaces globally. Members gain access to a community where they can work, share, learn, and grow in their business. It has various restaurant chains and a gym concept. The company offers a complete solution for every aspect of life. Thus far, Rent24 has over 35 locations on three continents. If this concept proves a success, it could transform that communal working and living concept globally.