Hi folks...
Something that has just occurred to me, is that there are 250 pbt tokens held by the company. If each of the planned sites had 50 workspaces, that would mean that the company could theoretically block book the whole space, and then rent out the spaces using their own tokens. They could undercut any other token holders renting out their tokens, as any profit at all would be better than no profit...
Does this sound right, or am I getting confused with how it all works?
Very good question,
Answered by Gala Serré in the weekly chat.
From the very beginning we underlined that we will use those 250 tokens to support the development of the Blockchain technology and the growth of its community.
And just to remind you the idea behind it, we would recommend to refresh this answer in your memory that we have already given in one of our Q&As:
Please see:
3. “Why do you need to keep 250 (20% or 1/5th) Primalbase tokens?”
We can create an excellent infrastructure, excellent workspaces, with very comfortable furniture, great kitchen and stuff. But the infrastructure is dead without people. It doesn’t really work without people, it is a multiplier. WeWork now is referred to as an IT project because they are focusing on the IT community, it is a significant revenue multiplier. It is not a real estate project only.
To start working with the community we need to add value. We are aspiring to make Primalbase both a home and Research and Development Laboratory for Blockchain projects. We will give away a part of our tokens (250 PBT) to those who we see as being active Primalbase Ambassadors, to equip them with a freedom to use a service all around the world. I am now referring to technology gurus Vitalik Buterin, Sasha Ivanov, and others who are recognized global leaders. I am also referring here to guys from Bitcoin community, Ethereum Foundation community, Waves community — those who truly believe that Blockchain has a potential to provide solutions to a range of problems.
One has to understand that Blockchain technology is about developers and researchers. If we are talking about Blockchain business, it is hard, almost impossible, to move forward if you don’t have developers. If you only have marketing tools, it isn’t enough, you have to have a technology — interesting, promising, the one which has a range of real-life applications. Any research and development projects deserve attention.
We would like to support talented developers from Bitcoin, Ethereum Core, Waves camps. We would like to give these teams an opportunity to get an instant access to infrastructure and community. What is Blockchain? It is a huge community. It allows people to make a connection, to understand each other.
Decentralized infrastructure can help boost decentralized technologies. At the moment the industry is mostly occupied by online projects. We hope that Primalbase will change it by providing blockchain developers with physical platform for working on their projects. They will be communicating not only online, but also offline, which will surely contribute to further development of technology.
Quite recently we have launched the Blockchain Institute, we find it very important for Blockchain developers to have their own infrastructure. It will bring benefits to those who purchase membership, and to those who will be provided our tokens as a contribution to development of their projects.
It doesn’t mean, however, that our team will be trading tokens on exchanges seeking to make profit, absolutely not. Tokens will be rented out for a certain period of time to prominent Blockchain tech ambassadors.
Best Regards,
Alexander, Community Moderator.
Poll
