ICO for Real Estate Project Primalbase Raises Over $7.5m in Bitcoin

The Waves Platform, a decentralized crowdfunding platform developed in Russia, has announced that Primalbase’s ICO campaign has been successfully completed. The shared office space Blockchain sold out of tokens, making 3,100 BTC (worth $7.75m at $2500 per Bitcoin ) in just over twenty-four hours.

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“We are very grateful to all who participated early and provided strong support to this project. If you were unable to secure your token in time, please stay subscribed to our mailing list to keep informed about project developments and expansions. Although no further PBT sale will ever be carried out, related complementary projects will be launched to help increase the value of PBT for existing investors as well as provide upsides for any new participants,”  commented the  Primalbase Team.

“We’re seeing sustained interest in ICO tech, despite the ups and downs of the crypto markets,” says Sasha Ivanov, CEO of Waves. “It’s clear that ICOs are here to stay, and they have been a source of huge new interest in blockchain technology. We’re really pleased that Primalbase’s ICO has been a success, and that the project has been added to the growing list of initiatives hosted on the Waves platform.”

Building upon the established business model of shared workspaces firms such as WeWork, the developers say that the Primalbase project is meant to transform 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.