The Primalbase project builds on a complete business model of shared workspaces, transforming traditional office rentals into a new generation ecosystem based on community where you can share, sell or rent high-quality office space using Ethereum and Waves-based digital tokens.

Concept

The project will be implemented in two main stages. The first phase is to establish five shared workspaces at the following strategic locations. Amsterdam, Berlin, London, New York and Singapore. Strategicity is that every city is considered one of the most favorable cities for tech entrepreneurs. The area of ​​these spaces will reach 2000 square meters. The location of the Primalbase workspace in the future will be decided by the vote of the Primalbase token holder.
A system that divides infrastructure into rentable offices (based on classic, standard real estate relations) and non-rental co-working spaces (based on crypto-economic relations) that are reserved only for members of the Primalbase community (based on crypto-economic relations) will ensure the efficiency and profitability of the Primalbase business model. Non-members can obtain temporary membership and enter co-working spaces by renting tokens from members of the Primalbase community.
Although ultimately, Primalbase's basic profit will be achieved by renting out office spaces to companies, project teams, startups, branches, etc. This will cover the operating expenses of the property management company. Cryptocurrency token Primalbase (PBT) is built on the WAVES platform and is compatible with the Ethereum protocol. There is a proof of concept in Amsterdam that has been recognized by internationally renowned tech entrepreneurs who have become members of Primalbase's growing community. Following the above business model, the Amsterdam unit provides shared workspaces for existing members of the Primalbase community.
To develop and operate more Primalbase units, we need to raise funds to cover startup costs, operating expenses of the property management company, and capital expenditures (build offices with shared workspaces at selected locations). In order to accomplish this task, an ICO procedure is required.
The funds collected through the ICO will enable us to start creating a Primalbase infrastructure, adjusting the cost recovery levels of the first five units, and the ultimate revenue generated will be reinvested into the construction of the next location. As demand continues to increase, the value of tokens will surge. Additionally, the tokenization of our shared workspace provides us with a unique opportunity to build a staunch community member library. Tenants, owners and opinion leaders, we can rely on them in the future development stages of the project.