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Primalbase (PBT) ICO Last updated: May 04, 2018 Building upon the well-established business model of shared workspaces, the 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. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview Project industry Social Network & Communication Founded Netherlands Whitepaper Open

Technical details

Primalbase members can rent or sell their tokens using the special technical feature of the underlying WAVES protocols. From a technical point of view, this means that ownership of any amount of PBT can be transferred, temporarily or permanently. These are peer-to-peer transactions; therefore, parties must agree on costs and payments between themselves. The holder of the token is protected by his own Blockchain — the protocol works in such a way that the token cannot be transferred on but remains in the wallet of the rentee: in effect, the token is on a «temporary loan». The minimal duration that a token can be rented is 3 months, and there is no maximum period. A rental agreement may be terminated ahead of time by mutual decision of the parties or unilaterally. Formally, the WAVES platform does not allow the inclusion of specific leasing rules (i.e. the price, time, conditions, etc.) into the Blockchain, as there can be too many scenarios of interaction between users. However, within the leasing agreement between the parties, there are guarantees on the fulfillment of contractual obligations of all involved.

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