SH Capital has recently been awarded an ICO advisory service contract by PRIMARY, a system that has been built by Rent 24 to connect blockchain with the real world. The core idea behind this system is to incentivize the active community members for actions that are beneficial for the entire system.
August 8, 2018
SH Capital, an investment bank known for their top class ICO advisory services, has recently signed a contract with PRIMARY systems. This project is the brainchild of Rent 24; a Berlin based coworking space that started its operations in mid 2016. This extraordinary venture proposes the first ever real world use case for blockchain technology that can be implemented immediately and create actual value from day one.
The PRIMARY system comprises of three key components.
- A decentralized blockchain platform with a powerful reward mechanism
- The partner alliance, offering physical and digital goods and services
- A token system which links the digitally created value to the real world economy.
Each PRIMARY member is encouraged to participate, collaborate and share knowledge with other members by offering a marketplace for services and a powerful reward mechanism. Also, the members can use the token they earn directly for real world goods and services within the partner alliance including the rent24 ecosystem. All components of this system have been built with the vision that it will not only be useful for coworking spaces, but the whole digital service industry. New digital sectors and providers of physical services like restaurants, hotels, cinemas, etc are expected to join soon.
In order to provide users the opportunity to participate on the platform in different ways, PRIMARY offers three different types of tokens within the system. The regular token tradable on exchanges is known as PRIMARY. Whereas, GRAVITY is a stable token within the platform pegged to the USD. The third type is ENERGY, and is granted when PRIMARY tokens are locked on the platform for participation.
“There is no denying the fact that PRIMARY is one of the most promising blockchain ventures in the recent times and it is certainly a great feat for us to have them as our valued client,” said the founder of SH Capital, Ilya Anikin. “The entire team is looking forward to becoming a part of this wonderful project.”
To find out more, please visit https://www.primary.io/
About SH Capital: SH Capital is an investment bank with an extensive experience in venture capital and private equity deals, focused on ICO investment advisory services. The company’s Founder Ilya Anikin has the track record of carrying out a huge number of investment deals, totalling more than $300 million. A large number of crypto start-ups have benefited from the company’s pre-ICO and ICO support.
About PRIMARY: The PRIMARY system is a decentralized, democratic and robust work and living environment. The idea was to create a system where users are incentivised to be an active part of the community by providing them token rewards for actions that are beneficial for the entire system. The same model has been successfully applied previously in other blockchain projects, including Steemit and BitShares platforms.