A Token For Coworking Spaces: Primalbase (and, of course, the ICO starts soon)

I've been running a coworking space for two and a half years, so I kinda know the business, its benefits and its challenges. So when I saw an ad about "a token for coworking spaces" I jumped right on it. Primalbase, a coworking space located in Amsterdam, aims to combine its physical location business with the power of the blockchain, by launching its own token.

After fiddling with their website for a while, here's the short blurbs:

• the ICO will have a caped supply, at 1000 tokens
• a token, named PBT, will be worth 5BTC (quite expensive, more than $10.000)
• smallest denomination of a PBT is 0.0001
• a token will grant you access to the coworking space in any location of Primalbase
• the token distribution platform is built on top of Waves, which is build on top of Ethereum (correct me if I'm wrong, please)

There are a few things that are not clear to me:

• you will get ownership or just access?
• there is a list of new locations to be opened in 2018, in London, Singapore, etc. 1 PBT will give access to all of them?
• access is for life? At that price, it should be...

As I said, as a former manager of a coworking space, I salute this initiative. But at this moment, Primalbase looks like it has to refine its concept, and adjust to the market. There is a lot of volatility, the customer base is seasonal and highly unstable and a big part of the revenue comes from events (which are not even mentioned in the website).

I'm really curious how this will unfold, as it looks like one of the "thinnest" ICOs around at the moment.

Here's the website for more info.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me Hive account@dragosroua.