PARKGENE

WHY PARKGENE

PARKGENE is a convenient and secure way to find parking spots, connecting drivers,

individuals, and businesses. PARKGENE PTE LTD (Singapore) is a spinoff of

PARKGURU LTD (UK), the most advanced omni-channel Park-Booking provider in the world today.

We are set to disrupt the traditional Parking industry, sized at $100 Billion annually by

utilizing PARKGENE’s Peer-to-Peer Ethereum-based blockchain technology. We strive to

provide a seamless parking experience, while, at the same time, helping cities become

smarter and environmentally friendly.

Our vision is to establish the GENE token as the currency for the automotive industry:

payment for parking, and furthermore integrating it with mobility services, vehicles

and automotive infrastructure.

Peer-to-Peer Parking “Airbnb like” revolution on Blockchain, Join PARKGENE NOW, a game-changer in shared Mobility services, with a vision to establish the GENE token as the automotive industry standard means of payment.

VISION

PARKGENE is a convenient and secure way to find parking, connect drivers, individuals and businesses.

Our Vision is to disrupt the traditional – mainly offline – Parking industry, sized at $100 Billion annually, and to provide drivers with a better parking experience, while helping cities become smarter and environmentally friendly.

We will establish the GENE token as the currency for the automotive industry, allowing drivers to pay for parking and integrating it with mobility services, vehicles, and automotive infrastructure.

HOW PARKGENE WORKS

Drivers looking for a parking spot connect with parking owners through the PARKGENE app.

Once a driver reserves a parking spot, the reservation triggers the PARKGENE smart contract on the Ethereum Public Blockchain.

The PARKGENE App transfers the full parking fee amount, in GENEs, from the driver’s wallet, to a depository (a temporary wallet). In the event that the driver doesn’t have enough GENEs, he can use his credit card or other means of payment (bitcoins, ethers) to buy GENEs in real-time and pay for the transaction.

Successful reservation and payment offers drivers and parking owners additional features needed for the completion of the parking session:

For example, the driver will have the ability to open the garage door using his mobile phone, while the parking owner is notified and can monitor – the video of the vehicle entry and departure. This optional functionality is possible using remote access tools, currently available in the market, integrated on the PARKGENE platform, or through a low-cost PARKGENE device.

At the end of a successful transaction, parties conclude a smart contract on Ethereum, with the entry and its confirmation on the blockchain.

The parking space owner receives 75% of smart contract in GENE tokens, , from the depository to their wallet, when drivers check out of the parking space.

The  remaining 25% is distributed as follows:

5% of the total amount is paid to the driver and parking space owner as they perform several actions that enhance the ecosystem (e.g. Ratings, Reviews).

20% of the total amount is paid to PARKGENE to cover operational, development, cloud services and advertising costs.

At any time, the users of the platform can buy or sell GENE tokens for  FIAT currency (USD, EUR, JPY, CNY, etc.) or other cryptocurrencies (BTC, ETH, etc) by using several cryptocurrency exchange services that trade the GENE token.

GENE is available in a limited edition of 1,000,000,000 GENE Tokens.

We expect that the increase of users and number of smart contracts will increase the demand for GENEs among drivers, resulting in a token that other service providers (i.e. Tolls, Car Wash, Car Insurance, Tow Service providers etc.) will accept as payment for their services.

SUCCESS FACTORS

Proven Team and Technology

Our tema has a proven track record in developing technologies that can scaleto global level and build and execute succesfull busines models. Parkgene is based on the MVP- Commercially available Parkguru service which is already operating in europe and nort america with more than 50.000 users.

Parking a $100Billion Market

Cities are facing critical issues of traffic jams with a significant rise in vehicle population and congestion levels. The parking industry annual revenues is $100 Billion and growing

The Power of Sharing Economy

As trust and familiarity with sharing economy service contineu to grow so will number of users. Exampels such as Uber and Airbnb set the pace for the future. Parking is a major issue for anyone living in cities and P2P parking is set to grow exponentially

Automotive industry transformation

Automous cars that park without a driver, require service that can legality secure and book parking spots. Tomorrow's cars will drive book park and pay automatically while their owners enjoy living and working in the city

TOKEN SALE

To execute on PARKGENE’s vision, we are launching a Token Sale to issue GENE tokens on the public Ethereum blockchain. The tokens called GENE Tokens will be offered during the PRE-ICO Closed Round and the ICO public sale.

On December 15, 2017, PARKGENE will launch its PRE-ICO Closed Round to distribute up to 2% of the token supply (the hard cap during the PRE-ICO Closed Round Token Sale will be 20 million GENE Tokens). To participate in the PRE-ICO Closed Round Token Sale you need to qualify and receive an invitation. [The PRE-ICO Closed Round is SOLD-OUT]

The Public ICO will commence on January 15, 2018, 10:00 am GMT, to distribute up to 35% of the token supply.

Any unsold GENE Tokens at the ICO phase will be burned
The ICO will be conducted at PARKGENE’s Token Sale Platform. To be able to participate in the PARKGENE’s ICO and get GENE Tokens, you should register for a free account. GENE Tokens will be issued as ERC20 compliant tokens for Ethereum blockchain so you will need an ERC20

compatible – Ethereum wallet to receive them.
You will be able to pay in Ethers, Bitcoins, Bitcoin Cash, Dash. Litecoin and USD via wire transfer
GENE Tokens will be issued on the Ethereum Blockchain at the end of the Token Sale and distributed to the contributors. We expect that GENE will be traded in Cryptocurrency Exchanges shortly after their issuance.

ICO

GENE Token Price: 0.1 USD

GENE Token: ERC-20 – 0x6dd4e4aad29a40edd6a409b9c1625186c9855b4d

Bonus depends on the contribution amount

Participation: Open to all

Minimum Participation: No minimum

ICORATING Audit: STABLE – Risk: LOW – Hype: HIGH

ICO Start date: 15 Jan 2018, 10:00 AM (GMT)

ICO End date: 19 Mar 2018, 10:00 AM (GMT)

or until hardcap of 350,000,000 tokens sold

PRE-ICO: Sold Out at 20M Tokens.

USD Payments accepted: PayPal, Credit, Wire Transfer

Crypto Payments accepted: ETH, BTC, BCH, DASH, LTC

Funds held in Escrow until the end of the ICO

All ICO funds are held in Escrow
Multi Signature Wallets
Unsold ICO Tokens will be burned
GENE Tokens are issued only for investors
GENE Tokens are transferred to investors right after the ICO
GENE Tokens of Founders, development team and key personnel  are  locked in for 6 months.
Bounty, Advisors and Team GENE Tokens will be distributed at the end of the ICO
Any Bounty unallocated Tokens will be transferred to the “PARKGENE Charity Fund”

More information please visit: 

Whitepaper

Ann Thread