PARKGENE : Peer-to-Peer Parking Revolution on Blockchain
The use of parking lots has become a major issue not only in Europe and South America but also around the world. Increasing
the number of cars and structural construction has been a major factor
associated with the invention of parking lots. This problem is increasing from rural areas to larger cities with more populous areas. This is a big problem for drivers because they have to waste valuable time just to find a place to park their car. According
to Sygic's research, more than 25% of drivers in big cities need to
spend more than 15 minutes each day just looking for parking space and
even when drivers know where to park, over 80% of them do not know if
there is a place which is freely available.
Furthermore, other parking problem is the cost of parking lot. Many parking spaces are privately owned and have exorbitant prices that may be imposed by the owner before the driver gets full access to the venue. This may result in the driver not being able to get the appropriate parking space due to lack of information even when payment has been made and also the parking lot may not be in a convenient place to facilitate access to fuel waste. In addition, searching for parking lots can also increase air pollution because of the gas released into the environment.
What Is Parkgene?
Parkgene is the Airbnb of the Parking industry. It will connect people who owns parking spots with drivers who need them, provide additional parking space to the market and under cut the high cost of parking, thus providing income for all parties involved. It is putting the parking industry on the blockchain, creating a decentralized ecosystem where contracts(smart) are executed automatically in an efficient manner. Parkgene aims to make parking in cities twice as easy and ten times as cheap.
The Beginning of ParkgeneParkgene PTE Limited is a registered company in Singapore with an operating office in Athens, Greece. Parkgene is also a subsidiary of parkguru limited located in the UK. This shows that Parkgene already has a job market. But while ParkGuru offers booking services and information on available parking spaces through their Parkguru app, Parkgene will be a new product added to the company to provide a truly decentralized peer to peer service (both driveaway and garage) owned by individuals . This will make it easier for drivers to find a parking space with a better experience.All of these features will give Parkgene an advantage over some of the existing peer to peer applications on the market. Parkgene will reduce the cost of booking and finding parking space by the driver and will solve the problems facing the driver when looking for a parking space.
Is Parkgene Open For Investors?The answer is yes. Parkgene is opened to investors through Initial Coin Offering that allows investors to buy tokens (GENE). Parkgene offers token sales to investors so they can have participants from different countries around the world who will become potential users of pargene services. This is a great opportunity to start a parking business in an individual community. Any investor participating in the token sale will issue a token (GENE) that can be used to pay for products and services offered by parkgene or traded for fiat and cryptocurrencies. 1 billion tokens will be issued and 350 million will be distributed (35% of tokens issued) during token sales. Price per token is $ 0.1 and bonuses are offered based on investment size. The token sale has already begun and will end on 19 February. However, it is interesting to note that the sale of parkgene tokens has witnessed a substantial increase as pre-ICO sold out after several days of launching the platform. At the time of writing this article, pargene has sold more than 60 million tokens that make them one of the best and hottest ICO that currently happens this year.
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|WEBSITE||TOKEN SALE||BOUNTY||DOCUMENTS||FACEBOOK||TWITTER|
Furthermore, other parking problem is the cost of parking lot. Many parking spaces are privately owned and have exorbitant prices that may be imposed by the owner before the driver gets full access to the venue. This may result in the driver not being able to get the appropriate parking space due to lack of information even when payment has been made and also the parking lot may not be in a convenient place to facilitate access to fuel waste. In addition, searching for parking lots can also increase air pollution because of the gas released into the environment.
What Is Parkgene?
Parkgene is the Airbnb of the Parking industry. It will connect people who owns parking spots with drivers who need them, provide additional parking space to the market and under cut the high cost of parking, thus providing income for all parties involved. It is putting the parking industry on the blockchain, creating a decentralized ecosystem where contracts(smart) are executed automatically in an efficient manner. Parkgene aims to make parking in cities twice as easy and ten times as cheap.
The Beginning of ParkgeneParkgene PTE Limited is a registered company in Singapore with an operating office in Athens, Greece. Parkgene is also a subsidiary of parkguru limited located in the UK. This shows that Parkgene already has a job market. But while ParkGuru offers booking services and information on available parking spaces through their Parkguru app, Parkgene will be a new product added to the company to provide a truly decentralized peer to peer service (both driveaway and garage) owned by individuals . This will make it easier for drivers to find a parking space with a better experience.All of these features will give Parkgene an advantage over some of the existing peer to peer applications on the market. Parkgene will reduce the cost of booking and finding parking space by the driver and will solve the problems facing the driver when looking for a parking space.
How Does It Work?
Parkgene will employ the
use its novel app (to be launched immediately the completion of its
initial coin offering) to connect drivers who are in need of a parking
spot with private owners of parking garage. Once a driver in need of a
parking spot reserves a spot, a smart contract is triggered off on the
ethereum public blockchain. The parkgene app then transfers the full
amount of the parking fees in Gene token from the driver’s wallet and
placed in a temporary depository account pending when all deals are
concluded. In event of inadequate funds from the driver, other forms of
payments such (as credit cards, bitcoins, ether) can be used. Successful
reservation and payments offers drivers and park owners additional
features needed for the completion of the parking session. For example,
the driver will be able to open the garage door using his mobile phone
while the parking slot owner monitors the entry and exit of the driver
with video camera on his garage. At the end of successful
transaction,the parties conclude a smart contract on the ethereum with
entry and its confirmation on the blockchain. The parking space owner
receives, from the depository to their wallet 70–80% of smart contracts
in Gene tokens when the driver checks out of the parking space. 10–20%
goes to parkgene to cover for operational costs, developments, cloud
services and advertising. The remaining 5% is paid to the driver and
parking spot owner as they perform certain tasks to enhance the
ecosystem (such as ratings and reviews).
Is Parkgene Open For Investors?The answer is yes. Parkgene is opened to investors through Initial Coin Offering that allows investors to buy tokens (GENE). Parkgene offers token sales to investors so they can have participants from different countries around the world who will become potential users of pargene services. This is a great opportunity to start a parking business in an individual community. Any investor participating in the token sale will issue a token (GENE) that can be used to pay for products and services offered by parkgene or traded for fiat and cryptocurrencies. 1 billion tokens will be issued and 350 million will be distributed (35% of tokens issued) during token sales. Price per token is $ 0.1 and bonuses are offered based on investment size. The token sale has already begun and will end on 19 February. However, it is interesting to note that the sale of parkgene tokens has witnessed a substantial increase as pre-ICO sold out after several days of launching the platform. At the time of writing this article, pargene has sold more than 60 million tokens that make them one of the best and hottest ICO that currently happens this year.
Advantages of Parkgenes, who will Benefits from it?
- Parkgenes will create additional revenues for individuals and businesses. Owners of parking spots can get paid for renting out their space when they are not using it while also giving room for more revenues for operators of garages. Private owners will be able provide parking spots without the need to leave their keys to a parking attendant.
- Parkgene will eliminate the stress of drivers finding parking spots.A driver only need to look into his app to locate the closest parking spot.
- Parkgene will create access to previously unavailable parking spots for use as it will integrate owners of private parking spots into the ecosystem. It will reduce the need to build more parking spots.
- Parkgene provides cheaper and dynamic parking model.
- Parkgene will help reduce city traffic levels as private owners open their doors to drivers.
Parkgene ICO
Parkgene is currently offering its token- Gene tokens- to investors, giving an early the opportunity to be a part of its ecosystem.
Token sales starts 15th January 2018 and ends 19th February 2018 at 0.10$ per Gene token.
Details of the offer are thus here.
Parkgene is primed for success in this multi-billion dollar industry.
|WEBSITE||TOKEN SALE||BOUNTY||DOCUMENTS||FACEBOOK||TWITTER|
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