Shared workspace model has proved to be extremely efficient without blockchain, this is true. On the other hand, this technology significantly streamlines and simplifies the lease relations. It makes leasing an attractive investment into a life-lasting product. Blockchain technology transfers lease relations in a rather interesting space in this sense — you can lease your membership making profit or sell it at any point. Blockchain technology is not useless here, it fits naturally in this kind of model. Besides, crowdfunding on blockchain is an efficient way to attract investments into one’s project. The Blockchain is not useless here, it is very logically built into the lease relations.

We see it as following (and that's what we offer to the investors): The only way for you to start using coworking space is to have a token. As number of locations open up and more people know about it - the value increases. On top of that we need to cover our operational expenses by renting out offices, which means advertising and sales, which means people find out about primalbase, which means that people who are asked if they can just get an access to coworking, not a whole office are sent to buy PBT because that is the only way for them to get it. There is a lot of marketing efforts that will be done on our side for operations by product of which becomes a marketing for PBT thus creating more value for investors. Either via new customers buying the token outright creating buying pressure or leasing the token for the period they need, generating dividends. Profits are not distributed to token holders, this is not an equity. It's really simple supply and demand, with capped supply and ever growing demand for the service due to location expansion (those who knew about it) and product discovery mechanisms (those who didn't know before).