PARKGENE is a decentralized ecosystem where parking owners and drivers meet to conclude short-term or long-term parking leasing contracts. PARKGENE, dependent on the Ethereum Blockchain combined with smart contracts, will eliminate the dependence on centralized systems between the transaction participants, and will significantly reduce the price of parking for drivers, while still offering an alternate source of income for parking owners. PARKGENE provides innovative strategies, openness, ease, and ease of use to permit the parking industry and its stakeholders to raise the quality of urban life to a completely different level.
PARKGENE is a convenient and safe way to find parking, connecting drivers, individuals, and businesses. Our Vision is to disrupt the traditional — mainly offline — Parking industry, sized at $100 billion yearly, and also to provide drivers with a much better parking experience while helping cities become smarter and environmentally friendly. Parkgene aims to make parking in cities twice as simple and ten times as cheap. We’ll establish the GENE token as a payment way of the automotive industry, allowing drivers to pay for parking and integrating it with mobility services, vehicles and automotive infrastructure.
Parking imposes a significant burden on drivers and the broader 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 would be just like those that lead to parking pain: large and growing populations, vibrant economies, relatively inexpensive 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 accessible, increasing driver frustration and wasting time. Exactly like congestion, parking pain is pricey. For the individual driver, the search for parking results in wasted time and gas, and incorrectly parking or running out of time could result in a parking fine.
In the city, the search for parking clogs intersections and city roads, increasing traffic congestion. Normally, off-street parking rates reflect local market conditions and fundamental locations in major cities of commercial, cultural or political significance.
In a nutshell, parking pain extends far past 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 prices can also be measured, such as avoiding trips because of problems finding parking in addition to increased frustration and anxiety. Standard parking costs are a price of driving like fuel and maintenance, but parking pain imposes an unnecessary financial burden in much the same way as traffic congestion does.
To decrease those costs, technology providers, automakers, cities, and businesses are relying on providing drivers using real-time parking accessibility to ease parking pain. But as cities grow bigger and busier, while real estate worth is rocketing, parking areas in the city are increasingly becoming more and more Challenging to find.
PARKGENE’s decentralized tech will supply new parking spots in already crowded towns, which currently remain unutilized, by enabling not only the peer-to-peer sharing but also the smooth integration of all competing parking technology solutions offered by the industry, thereby creating a functional marketplace.
We’ve seen several successful applications in the lodging industry with companies like Airbnb, or in the automotive industry using Uber and Lyft. A couple of startups have already evolved in offering P2P Parking but scaling has ever been an issue. We feel that PARKGENE will produce the base where the whole P2P and Professional Parking Marketplace can operate smoothly by connecting drivers, place owners and Technology providers who offer park booking solutions on a solid blockchain infrastructure which utilizes the GENE Tokens (GENE) as a frequent mean of payment.
Why you should participate in PARKGENE
It is understandable that the ordinary ICO participant now is bombarded with ICO opportunities, making it extremely hard 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 second 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 achievement will determine the GENE token worth as the demand for an increasing P2P parking payments fulfillment is met with a finite quantity of GENE Tokens that will be available on the market. The above situations are based on reasonable and conservative assumptions resulting from our existing expertise in the parking industry, internet trends, user statistics and macroeconomic data. To better visualize the 3 situations as time passes, we provide below a chart with gross revenues/user growth for five years.
We anticipate that parking spots out of individuals will be much cheaper than specialist parking garages. Moreover, this source of spaces will augment the existing supply. Here we explain the “greatest” situation and our vision of what we want to accomplish in the industry: “Make parking in cities two times simpler and up to ten times more affordable.”
Double the number of parking areas in towns. New P2P places entering the parking market will help drivers find parking simpler (2x simpler parking).
Offer P2P parking spots at half of the professional parking place cost. New P2P places entering the parking market will produce a new cheaper pricing layer against the expert parking operators (2x more affordable parking). Further, reduce the actual parking spending by 80%. In the best situation where a driver rents a P2P place for $5.0 when at precisely the exact same time receives $4.0 by letting his personal parking spot to others (5x more affordable parking).
Below are some key elements your participation decision procedure can be based upon :
- Successful staff. We have an award-winning team which amounts over 30 employees with an effective track record developing technologies goods in the parking industry and successfully commercializing them, coupled with the expertise and know-how of leading advisors from the academic, venture capital, parking industry together with top ICO enabler ICOBox, ensuring the success of the Initial Coin Offering.
- No dark periods in the roadmap. Beta version will be launched instantly, following the completion of the token sale.
- No gentle cap and unsold tokens will be burnt. Future Fund should offer value and exists to guarantee success in any eventuality.
- Our fundamental analysis and the usefulness values attained indicates a clear necessity to tokenize the parking industry via blockchain technology.
- With just 35 percent of those tokens offered to the market, the creators are definitely interested in the over-performance of their token and have aligned their interests with yours.
- Escrow facility embraced. Even though legislation is still quite fluid, PARKGENE provides the most trustworthy way of executing the ICO by putting the funds accumulated in escrow and secondly by putting the upcoming finance in escrow. 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, such as auto wash, tolls gas stations, automobile accessories etc., thus increasing the underlying market demand for GENE tokens and alternative ways for users to use them.
- All of ICO funds are held in Escrow
- Multi-Signature Wallets
- Unsold ICO Tokens will be burned
- GENE Tokens are issued just for investors
- GENE Tokens are transferred to investors directly after the ICO
- GENE Tokens of Founders, development team and key personnel are locked in for 6 months.
For more information, please visit link below :
Official Site : https://parkgene.io/
Whitepaper : https://parkgene.io/wp-content/uploads/2018/01/Whitepaper_FINAL_V.18.1.pdf
Bitcointalk Thread : https://parkgene.io/btctalk
Twitter : https://twitter.com/PARKGENE1
Facebook : https://www.facebook.com/parkgene.token/
Linkedin : https://www.linkedin.com/company/11353798/
Telegram : https://t.me/parkgene
Medium : https://medium.com/@parkgene/