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rent24 launches ICO for blockchain platform

Planned ICO volume of 500 million US Dollars

Berlin, July 11, 2018: rent24, a global coworking and coliving provider, is developing a blockchain platform which allows users to connect, promote services, share knowledge, and apply for funding. The platform will also have a blackboard function, where tasks can be published within the community. Members can then claim and complete these tasks. Active users will not only be rewarded with tokens but also with a status, which will improve their positioning in the internal ranking system. This will unlock new possibilities, such as proposing funding for projects and startups within the network. The result is a new form of true global cooperation – decentralised and completely transparent.

Robert Bukvic, founder and CEO of rent24, says: “The ‘Bricks & Clicks’ approach of combining our physical locations with technological innovations has always fascinated me. With the new project, we are connecting all members of our community, rewarding interaction and making everyday use of blockchain technology. We will be offering all products and services of rent24 and its alliance partners for our cryptocurrency PRIMARY.” Besides coworking and coliving spaces, the company operates several restaurant chains and a gym concept. Partner companies include hotels, restaurants, shopping malls and car sharing providers. Damian Leich, co-founder and CMO, adds: “Everybody can access our platform – either as a member or as a partner. With it, we are building a bridge between the digital and real world and offer tangible benefits for every user.”

ICO for platform begins in August

rent24 is launching the ICO (Initial Coin Offering), a type of financing for blockchain projects, for the PRIMARY token on August 1. The objective is to achieve sales of 500 million US dollars. The number of coworking spaces worldwide doubled between 2015 and 2017 according to recent studies. rent24 will continue to expand internationally, the current 35 locations on three continents will grow to over 120 by the end of next year.

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