Q&A — 8: Primalbase ICO

1. Are you distributing tokens in different steps with weekly frequency? May I ask why? So are you saying not all investors have already received their tokens? Again what is the reason behind this choice?

This is mostly done for security reasons. We do cut off the time at 12:00 UTC every Saturday, then send a reminder email asking investors to double check the address and the balance, thus giving 48 hours to get in touch with us if there is any problem. So far everyone who followed the instructions got their tokens on last three Mondays just after 12:00 UTC. There is no prioritizing or queueing in place.

2. When will the distribution of tokens end?

All investors will get their tokens by the end of July.

3. When PBT will be listed on exchange platforms? It is not even listed on Coinmarketcap.

Listing on exchange platforms is certainly important, and it will be done once distribution of tokens is finalized. However, we would like to emphasize that we are strongly committed to development of high quality product. Let’s face it — listing on exchange platforms will not result in opening of a new office space and increasing the value of a token. While establishing new agreements, expanding the team with talented and passionate professionals, as well as developing high quality products and services, which are linked to a token, will certainly bring positive results.

4. Where can I download gateway to Ethereum? So I can change tokens to ETH blockchain and then save them on Myetherwallet. If I wanna sell I can change them back?

There will be no need to download it from anywhere, we are designing it in a way that will be most convenient for token holders. Indeed, using gateway you will be able to move tokens between blockchains if you wish to hold them in wallets, other than Waves wallet. Further announcements about gateway to Ethereum will be made soon.

5. If we trade tokens on exchanges, how will they charge their commission? I mean the minimum value of the token is 0.0001, that sounds quite expensive for a commission.

That would largely depend on the exchange platform you are using. For instance, if you are trading your tokens on DEX, the commission is charged in Waves, while it is different on other platforms.

6. Do I need to have Waves to trade PBT on DEX?

All investors got 1 Waves along with their PBT during token distribution. That should be enough to cover transactions that they would wish to make with their PBT.

7. Is there a link to technical explanation how can Primalbase tokens be stored on Waves wallet and also can be stored on ETH wallet?

It hasn’t been published anywhere yet, please keep following our announcements.

8. 1 PBT should be described with full package (coffee, water, food, other office goodies). Would be even more attractive then.

1 PBT gives an unlimited access to all Primalbase office spaces and facilities. Coffee, water, drinks, stationery, printing facilities and other office goodies are included.

9. Can 4 people rent a private office for full year if they have 4 tokens?

Indeed, possession of 4 tokens gives the right to rent a private office, booking will be done through a special digital instrument, which is currently under development, there you will be able to check availability for booking. The booking tool will be released in September.

10. Can I already rent my token to someone in Amsterdam?

At this moment, renting out tokens is still unavailable. You will be able to do so once the digital tool for that is released. It is currently under development and will see the world in September.

11. If the price of PBT rises in the future, will users still need to have 1 PBT to use the workspace? That might mean that the price to rent the place might double or triple in the future and (compared to rival companies) become very expensive.

If the price of PBT rises in the future, PBT holders will still need only one token to have an access to the workspace. This is the uniqueness of the product — it is paid only once and is valid infinitely, while the content of the product is also potentially unlimited.

12. What will be the correlation of the PBT prices with traditional leasing prices? Will we be able to know the prices offered through traditional channels at any time?

Price of PBT is strongly correlated with delivering the results according to the roadmap, as well as getting more people to know about the project. There are awesome plans regarding both aspects — operations are already in full swing and strategic deals are being negotiated to get more people looking at us. We are just as keen as everyone to get true value of the token realized for the market. Awesome news are coming, so stay tuned for the updates.

13. I would like to see an official step-by-step instruction on how to rent a workspace and how to use it.

This kind of instruction definitely will be released soon, as all Primalbase community members will find it useful.

14. Are there any meetings scheduled during which the progress and the next steps are presented? It has been so quiet lately.

We will be reporting to our investors in the beginning of each month. The very first report is coming on August 1, and it will include some really exciting news. Indeed, it might seem that it was quiet, but a lot of work has been done behind the scenes — we are almost done with token distribution, a new executive team has been formed, a gateway to Ethereum is under development — we look forward to sharing these and other developments with you.

15. What are the upcoming projects/plans?

A major announcement about the things that have been done already, and those that are planned in the short-term, will be made on August 1. But as it was mentioned before, the next step for us would be to launch a gateway to Ethereum blockchain, to proceed with so-much-awaited listing on exchanges, launch a booking tool, and open a Berlin office as well as expand current Amsterdam office.

16. What are the hours of the workspace? Can someone stay in the office all night?

Opening hours will be agreed upon depending on the demand at each location. It came to our attention that tech projects, for instance, do have such a need to access office spaces during the night time, therefore this possibility might be negotiated. Generally, everything work-related is getting more flexible, so one should be able to access the office whenever they have such a need.

17. Do you have plans to ensure that the token holders that use it for renting to others will not be competing with traditional channel prices? Cause if those prices are lower, then nobody will be renting through the token, right? With regards to the price difference of the token vs the price offered by you through traditional channels.

Renting office spaces through tokens and through traditional channel are not in a competition in any way. Please note that renting a desk in a shared workspace is available only via the token.