Waves is diversifying and increasing its physical global presence.
After recently opening an office in Berlin, the blockchain tech company is further expanding by taking office space in Amsterdam and Moscow. Additional locations are expected to be opened in the coming months. If current plans remain on track, a London office will become active in February 2018, in addition to Singapore (Q1) and New York (Q2) later in the year. The strategic partnership with Primalbase has enabled the company to create new bases of operation in important blockchain markets.
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Waves is a decentralized blockchain platform focusing on custom blockchain tokens operations. The technology it offers allows clients to “issue, store, manage, trade, and analyze your digital assets safely with Waves blockchain platform and decentralized exchange.” Waves is currently implementing a new technology into its blockchain, which will dramatically accelerate the platform’s performance. The high demand for cryptocurrencies around the world is creating a drastic rise in volume levels. As volume continues to rise, the processing time of each transaction correspondingly increases as well. Waves continues to modify and improve its products, further illustrated by the company revealing upgrades to its Waves Client 1.0 platform earlier this month.
Primalbase ICO and Tokens
Earlier in 2017, Primalbase held a successful ICO, hosted on the Waves platform, during which it managed to sell out of tokens, raising 3,100 BTC in roughly 24 hours. At the time of the ICO, Bitcoin was valued at $2,500, providing the company with an influx of $7.75 million. Primalbase supplies office space around the world, enabling freelancers and tech industry workers to come together to work in various locations around the world.
The company’s services are increasing in popularity, amid its use of a token payment system. The payment system requires clients to purchase a Primalbase Token (PBT) in order to use any of its global hubs. According to its website: “One token provides full access to the coworking or shared workspaces at any Primalbase location for one person. The possession of 4 tokens allows you access separate office if it is available. The number of tokens that can be purchased by the same holder is unlimited.”