PARKGENE COIN

Maret 08, 2018

PARKGENE COIN

here is a little explanation comes from PARKGENE tokens and semga explanation this time can give additional more readers for the reader in developing the main target comes from token parkgene, happy reading.

Imagine a world where your car takes you to the target and your drive goes to go and park yourself. Imagine a world where your car uses its own digital Wallet pays for parking, too its own.

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PARKGENE is a decentralized ecosystem where parking owners and drivers meet to conclude short-term or long-term parking lease contracts. PARKGENE based on Ethereal Blockchain combined with smart contracts, will eliminate dependence on centralized system among transaction participants, and will significantly reduce parking fees for drivers, while offering an alternative source of income for parking owners. PARKGENE provides innovative approach, openness, convenience and ease of use to enable industrial parking and its stakeholders to improve the overall quality of city life.

This is P2P Park Ordering Provider

Simply put, PARKGENE is similar to "Airbnb for parking" . We'll Connect people who have parking spaces with drivers who want to park, provide additional parking spaces to the market, and undercut high-cost parking fees, while providing a source of income to all parking lot owners who rent out their driveways and PARKGENE garages built on top Ethereal blockade, will be the first system that allows drivers and owners of parking lots to transact with each other directly.

The purpose of parkgene is to create a more transparent and liquid way to park. PARKGENE addresses both short-term and long-term parking rental markets by lowering costs, using decentralized conflict resolution and making this market a true P2P, eliminating middlemen, and ensuring that reviews and lists are honest, as they are stored in blockchain that can not be changed .

The ecosystem will appeal to individual parking, professional or city owners, who are involved in offering parking lots, as well as drivers. PARKGENE will create the most convenient and convenient conditions for all platform users to achieve their goals. Furthermore, due to the natural decentralization, PARKGENE will offer all the tools to adjust and streamline all operations according to specific needs and requirements.

We believe that over time PARKGENE will offer valuable solutions not only in Western European and North American markets but also in other markets around the world facing congestion and parking problems, providing a viable alternative that can help improve the overall parking industry.

The introduction of PARKGENE will create an operational fork. PARKGURU will remain focused on providing on-street and off-street parking, sourced from the city and a professional parking operator (garage), while PARKGENE will do so a new product focusing on decentralized peer-to-peer parking with efficient driveway and home garage individual property.

PARKGENE Vision

PARKGENE is an easy and safe way to find parking lots, connect drivers, individuals and businesses. PARKGENE's vision is to disrupt traditional channels - especially off-line - Parking industry, sized at $ 100 billion per year, and to provide drivers with a better parking experience, while helping the city become more intelligent and environmentally friendly.

parkgene aims to make parking in town twice as easy and ten times cheaper. We will set GENE tokens as a payment method for the automotive industry, allowing drivers to pay for parking and integrate it with mobility services, vehicles and automotive infrastructure.

Overview of Parking Industry

Industry

In the present scenario, the world faces a critical problem in traffic that cram a significant increase in vehicle populations and congestion in cities, and this happens to be an ongoing challenge for municipal councils and traffic authorities tracking and managing vehicular traffic.

According to research by Frost & Sullivan, the worldwide parking industry is about $ 100 billion and is expected to attract institutional and strategic investments for the $ 200- $ 250 million track over the next 3-5 years, mostly to spur innovation and smarter parking . One of the main reasons for this capital infusion is to remove inefficiencies in the way we currently park, per last find.

In the coming years, P2P parking will generate globally new opportunities of a myriad of commercial parking lots, garages and occupants to rent out their parking spaces with the help of an online market that runs on top of mobile and web platforms.

PARKGURU’s Role

PARKGENE’s founding team already owns and operates a successful parking app. This product is operated under the brand name PARKGURU (https://parkguru.com/). PARKGURU works with parking garage companies and municipalities to provide an on-street and off-street parking solution.

From the start, PARKGURU was built with the intention of simplifying the way drivers access parking, by building a core infrastructure that facilitates on-street and off-street parking. A natural extension of PARKGURU is to leverage existing technology to build PARKGENE, a decentralized parking solution for the blockchain era.

The introduction of PARKGENE will create an operational fork. PARKGURU will remain focused on providing on-street and off-street parking, sourced by municipalities and professional parking operators (garages), while PARKGENE will be a new product focused on efficient decentralized peer-to-peer parking.

The success of PARKGURU has provided proof of concept for PARKGENE. What has already been developed will serve as a minimum viable product for PARKGENE to begin operations. The contribution of PARKGURU to PARKGENE will not only be IT and infrastructure, but also an introduction of PARKGENE services to more than 50,000 existing clients of PARKGURU and share of a PARKGURU’s talent pool of more than thirty engineers, developers, support, sales and finance teams.

How does PARKGENE work?

Drivers looking for a parking spot meet virtually with parking owners through the PARKGENE app. The following diagram shows the different stages of a parking session completed on the PARKGENE platform and over the Ethereum Blockchain with smart contracts.

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 wallet, to a depository (a temporary wallet). Should there not be enough GENEs balance in the driver’s wallet, the driver can use his credit card or other means of payment (Bitcoins, Ethers) to buy GENEs real-time and pay for the transaction.

The successful reservation and payment provide additional App functionality to drivers and parking owners which is needed for the completion of the actual parking session. For example, the driver will have the ability to open the garage door from his mobile phone, while the parking owner is notified and monitors – in live video – the entrance and exit of the vehicle. This functionality is optional – although very helpful – and is achieved through integration of PARKGENE platform with existing remote access tools that are available in the market, or a specific device that PARKGENE will offer to the Parking Space owners at very low cost.

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

The parking space owners receive, from the depository to their wallet, 70-80% of smart contract in GENE tokens, when drivers check out of the parking space.

The remaining:

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).
10-20% 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 cryptocurrency (BTC, ETH, etc) by using several cryptocurrency exchange services that may trade the GENE token (if and once GENEs may be available at such exchanges).

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

We are considering that the possible increase of users and number of smart contracts may 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 likely receive as payment for their services.

Allocation of Token

Tokens will be allocated to participants of Token Sale and include the Team, Advisory, Founder and Bounty as follows:

Early Bird & Regular Sale participants will allocate 35% of all tokens reported.
The Team & Advisor will allocate 10% from the issued tokens.
The sales buyers especially will be allocated 10% from the issued tokens.
The Bounty program will be allocated 5% from the issued tokens.
PARKGENE will order 40% from the token issued for PARKGENE Future Fund.

Use of ICO results

The proceeds will be used to meet our target to disrupt the parking industry and create a gateway to an open, transparent and reward-based market for all our users and buyer tokens.

Product development is budgeted to use 20% of funds.
R & D still budgeted to use 15% of funds.
Business development and international offices are budgeted to use 20% from the amount of funds.
Legal and Administration costs are budgeted for 5% of funds.
Marketing is budgeted to use 40% of funds. This budget will go towards creating a marketing campaign to attract new customers that will increase the transaction volume and token circulation, but build the P2P Parking community we imagine.

Escrow

Funds received from Initial Coin Offering will automatically be placed in escrow account All funds will go directly to the 2-of-3 multi-signature wallet. This means that money can only be withdrawn, except two coming from the following three people agree. We have partnerships with reputable and reputable law firms. Each one gets a key to multi hand signals wallet.

The following funds will be placed in the escrow wallet and will be released after us:

• Transfer buyers of their GENE tokens.

• Launch the Beta version from our PARKGENE platform, which is too likely token holders to use their GENE tokens.

All GENE tokens will be issued 7 days after the token sale is complete. We plan to release the commercial Beta version from the PARKGENE platform immediately after the token sale is complete.

Roadmap