Parkgene ICO – Review and ICO Guide

Parkgene ICO – Review & ICO Guide

In this blog, we will review and provide a detail instruction on Parkgene ICO a shared mobility service company. Parkgene is a spinoff of an ultimate Park Guru Mobile App. Using Blockchain technology Park gene came forward to disrupt the parking industry with the moto “Peer-to Peer Parking, ‘Air-BnB like’ revolution on Blockchain”. Parkgene is backed by Well Known Park guru parent company and Personalized Wallet to store the GENE Tokens along with Bitcoin and Ethereum.

Related Article: Top Faucets to Earn Free Bitcoins.

What is Parkgene and How it works

They claims to work with a very interesting idea “Imagine a world where your car takes you to where you’re going and drives off to go park itself. Imagine a world where your car using its own digital wallet and pays for parking, completely on its own.”

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

When a driver books an open parking space, they activate a relevant smart contract and their GENEs go to a temporary depository until they leave the premises (individually owned garage). That’s exactly when a parking space owner receives their remuneration for services offered, and most important, that’s when the contract is concluded. Otherwise, it would have been cancelled or modified accordingly and in time. In addition, reviews and ratings for both drivers and parking spot owners will guarantee the good cooperation between the two transaction parts. And there’ll be an evaluation period for the parking space owner so as to be a qualified partner.

Parkgene Business Model:

Their Business Model operates in 3 main subjects:

1. Revenue Model: PARKGENE offers an easy way to understand monetization model. Their service is monetized through commissions charged for parking spots offered by individuals. Depending on the region, the commission ranges from 10 to 20% of the cost of the service.

2. Strategic Goal: Make parking in cities 2 times easier and 10 times cheaper. How? Here is how they will do it. Double the number of parking spots in cities. New P2P spots entering the parking market will help drivers find parking easier. (2x easier parking)

3. Parkgene Strategy: Their team is already serving more than 50,000 drivers in the professional Parking business. With the introduction of their P2P parking offering, they aim to aggressively expand in Europe, North America and Asia.

Parkgene strategic expansion plan:

Parkgene strategic expansion plan is based on three major pillars:

• Organic development: With the Beta version coming out in March 2018 [at the end of ICO], Parkgene aim at establishing an immediate foothold through an aggressive marketing campaign and they will be targeting specific cities.

• Acquisitions: Given the inefficiency of the parking industry and the fact that many smaller companies are trying to enter and offer similar services, they aim to consolidate the market through the acquisition of regional players. Parkgene raised funds, stock and Future Fund, will be used for this this purpose, to extend our geographic footprint.  They expect that this consolidation will provide us with enough momentum to build a global brand and attract additional users, while in the meantime supporting our organic development.

• Strategic Partnerships: Beyond possible acquisitions, they plan to build strategic partnerships, and work with regional players in the parking and automotive industry, that will use and integrate the GENE token in their platforms. As the demand and use of the GENE token increases, Parkgene will try and create partnerships with companies in other areas of the automotive industry, making it possible for GENE token holders, to use the token for services beyond parking.

You can read their complete White Papers Here.

Parkgene Tokens

Here is parkgene token distribution:

Pargene Wallet

GENE wallet is also an erc20 comapatible, and it’s the official wallet of the Parkgene app. With the release of PARKGENE app, it will be more easier for users to pay for parking and other services inside the PARKGENE ecosystem, instantly from their wallet. This GENE Wallet will allow users to conveniently store and buy GENE tokens and other crytos, while Bitcoin and ETH are already integrated and their full functionality will be available by the end of March.

You can download it here https://parkgene.io/wallet/

Features of Parkgene Wallet :

• Access your funds from one place
• Send, Receive, Buy GENE and other coins with your Credit Card
• Exchange GENE for other Cryptocurrencies or FIAT
• Pay for Parking and more services from one place
• Receive GENE Bonus rewards for your activity
• 0% fees for any cryptocurrency transactions between GENE Wallets
• Receive 2% cashback in GENE Tokens for any payment made in PARKGENE Ecosystem or with GENE Card

In addition, Parkgene recommend MEW, Mist, Parity as receiving wallets for the distribution of GENEs and their storage.

How to Purchase Gene Tokens?

Interested with the concept and looking to Participate in their ICO to purchase GENE Tokens? You can use this Link to join the Token Sale.

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.