Parkgene and Vision’s

PARKGENE is a decentralized ecosystem where parking owners and drivers meet to conclude short-term or long-term parking rental contracts. PARKGENE, based on the Ethereum Blockchain combined with smart contracts, will eliminate the dependence on centralized systems between the transaction participants, and will significantly reduce the cost of parking for drivers, while offering an alternative source of income to parking owners. PARKGENE provides innovative approaches, openness, convenience and ease of use to enable the parking industry and its stakeholders to raise the quality of urban life to a whole new level.

PARKGENE is a convenient and secure way to find parking, connecting drivers, individuals and businesses. Our Vision is to disrupt the traditional — mainly off line — Parking industry, sized at $100 billion annually, and to provide drivers with a better parking experience, while helping cities become smarter and environmentally friendly. Parkgene aim to make parking in cities twice as easy and ten times as cheap. We will establish the GENE token as a payment method for the automotive industry, allowing drivers to pay for parking and integrating it with mobility services, vehicles and automotive infrastructure.

The Problem

Parking imposes a significant burden on drivers and the wider economy. One in three drivers abandoned their search for a parking space at least once in the past year in pursuit of a coveted spot. The factors that predispose a city to congestion are the same as those that cause parking pain: large and growing populations, vibrant economies, relatively cheap motoring, and dense urban environments with limited land space.

The parking problem is compounded due to the lack of information; many drivers simply don’t know where space is available, increasing driver frustration and wasting time. Just like congestion, parking pain is costly. For the individual driver, the search for parking results in wasted time and fuel, and incorrectly parking or running out of time can result in a parking fine.

In the city, the search for parking clogs intersections and city streets, increasing traffic congestion. The search for parking also worsens air quality, as vehicles emit greenhouse gases into the environment. Generally, off-street parking rates reflect local market conditions and central locations in major cities of commercial, political or cultural significance.

In short, parking pain extends far beyond the driver’s seat. The economic cost of parking pain is quantified and monetized in terms of : searching for parking, which results in wasted time, fuel and emissions, overpaying for parking, and parking fines. Several non-economic costs are also quantified, such as avoiding trips due to problems finding parking as well as increased frustration and stress. Standard parking charges are a cost of driving like fuel and maintenance, but parking pain imposes an unnecessary economic burden in much the same way as traffic congestion does. To reduce these costs, technology providers, automakers, cities and businesses are relying more on providing drivers with real-time parking availability to ease parking pain. But as cities grow bigger and busier, while real estate value is rocketing, parking spots in the city are becoming more and more difficult to find

The Solution

PARKGENE’s decentralized technology will supply new parking spots in already crowded cities, which now remain unutilized, by enabling not only the Peer-toPeer sharing but also the seamless integration of all competing parking technology solutions offered by the industry, thus creating a functional marketplace.
P2P marketplaces, is not a new idea. We have seen several successful applications in the lodging industry with companies like Airbnb, or in the automotive industry with Uber and Lyft. A few startups have already evolved in offering P2P Parking but scaling has always been a problem. We believe that PARKGENE will create the foundation where the whole P2P and Professional Parking Marketplace can operate seamlessly by connecting drivers, spot owners and Technology providers who offer park booking services on a robust blockchain infrastructure which utilizes the GENE Tokens (GENE) as a common mean of payment.

Roadmap

Why you should participate in PARKGENE

It is understandable that the average ICO participant today is bombarded by ICO opportunities, making it extremely difficult to evaluate and choose. Many factors need to be considered and the purpose of this paper is to educate and inform the community on the specifics, firstly of the parking industry and secondly of PARKGENE’s ICO. We are very excited about the projections, during this valuation process. The table below represents a small summary of the valuation projections.

Our business success, may determine the GENE token value as the demand for an increasing P2P parking payments fulfillment is met with a finite amount of GENE Tokens that will be available on the market. The above scenarios are based on reasonable and conservative assumptions resulting from our existing experience of the parking industry, internet trends, user statistics and macro-economic data. To better visualize the three scenarios over time, we provide below a chart with gross revenues / user growth for 5 years.

Strategic Goal

We expect that parking spots from individuals will be much cheaper than professional parking garages. Moreover, this supply of spaces will augment the existing supply. Below we describe the “ultimate” scenario and our vision of what we want to accomplish in the industry : “Make parking in cities 2 times easier and up to 10 times cheaper.”
Double the number of parking spots in cities. New P2P spots entering the parking market will help drivers find parking easier (2x easier parking).

Offer P2P parking spots at half of the professional parking spot price. New P2P spots entering the parking market will create a new cheaper pricing layer against the professional parking operators (2x cheaper parking). Further reduce the actual parking spending by 80%. In the optimum situation where a driver rents a P2P spot for $5.0 when at the same time receives $4.0 by letting his private parking spot to others (5x cheaper parking).

Here are some key elements that your participation decision process can be based upon :

1. Successful team. We have an award-winning team that numbers over 30 employees with a successful track record developing technology products in the parking industry and successfully commercializing them, coupled with the expertise and know-how of top advisors from the academic, venture capital, parking industry together with top ICO enabler ICOBox, ensuring the success of the Initial Coin Offering.
2. No dark periods in the roadmap. Beta version will be launched instantly, after the completion of the token sale.
3. No soft cap and all unsold tokens will be burnt. Future Fund should provide value and exists to ensure success in any eventuality.
4. Our fundamental analysis and the utility values attained indicates a clear necessity to tokenize the parking industry via blockchain technology.
5. With only 35% of the tokens offered to the market, the founders are clearly interested in the over-performance of the token and have aligned their interests with yours.
6. Escrow facility adopted. Even though legislation is still very fluid, PARKGENE provides the most trustworthy method of executing the ICO by firstly putting the funds collected in escrow and secondly by putting the Future fund in escrow.
7. Scalability. One of our strategic goals is the use of tokens will be extended and applied to payments for a variety of automotive services and goods, for example car wash, tolls gas stations, car accessories etc., thus increasing the underlying market demand for GENE tokens and alternative ways for users to utilize them.

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

Interested, please join on : https://parkgene.io/

Secure Offer

• 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”

For more information, please visit the links below :

1. Website : https://parkgene.io
2. Whitepaper : https://parkgene.io/#download-whitepaper-docs
3. Facebook : https://www.facebook.com/parkgene.token/
4. Twitter : https://twitter.com/PARKGENE1
5. Linkedin : https://www.linkedin.com/company/parkgene/
6. Telegram : https://t.me/parkgene
7. Instagram : https://www.instagram.com/parkgeneltd/
8. Medium : https://medium.com/@parkgene/
9. GitHub : https://github.com/parkgene
10. Reddit : https://www.reddit.com/r/PARKGENE/
11. Youtube : https://www.youtube.com/channel/UCef5Kx_I_9DGnU1CSnwQC-A

Created By : Panda_Pendek
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