Participants should complete the KYC in order to receive their GENE tokens. Read Instructions here
“GENE tokens have long term growth potential, provided the quality of the service is high and there is a continuous increase in demand. Purchase of the tokens during the ICO is a good opportunity for potential users of the service.” [read more]
PARKGENE is a convenient and secure way to find parking, connect drivers, individuals and businesses.
Our 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.
We 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.
Join our White List to win $1,000 in GENE Tokens Every Day
We’ll also send you our news and Promo Codes to get bonus GENE Tokens
Park Booking Platform has been developed and successfully rolled out commercially in the form of a minimum viable product available as PARKGURU
2% of the tokens will be distributed during the Pre-ICO Closed Round
Up to 35% of the tokens will be distributed to fund the development of the PARKGENE project and commercial rollout
Although the Beta version is a fully functional product for iOS, Android and Web, we use this phase to collect user feedback to optimize the experience
Official Launch and Global Advertising campaign. PARKGENE is available in more than 20 languages to address a global audience
We estimate 5 million PARKGENE active users by the end of 2018 and 15 million active users by the end of 2019
Extending Technology, User Base, Partner ecosystem, ushering in the new era of parking services
Drivers looking for a parking spot connect with parking owners through the PARKGENE app.
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’s wallet, to a depository (a temporary wallet). In the event that the driver doesn’t have enough GENEs, he can use his credit card or other means of payment (bitcoins, ethers) to buy GENEs in real-time and pay for the transaction.
Successful reservation and payment offers drivers and parking owners additional features needed for the completion of the parking session:
For example, the driver will have the ability to open the garage door using his mobile phone, while the parking owner is notified and can monitor – the video of the vehicle entry and departure. This optional functionality is possible using remote access tools, currently available in the market, integrated on the PARKGENE platform, or through a low-cost PARKGENE device.
At the end of a successful transaction, parties conclude a smart contract on Ethereum, with the entry and its confirmation on the blockchain.
The parking space owner receives 75% of smart contract in GENE tokens, , from the depository to their wallet, when drivers check out of the parking space.
The remaining 25% is distributed as follows:
At any time, the users of the platform can buy or sell GENE tokens for FIAT currency (USD, EUR, JPY, CNY, etc.) or other cryptocurrencies (BTC, ETH, etc) by using several cryptocurrency exchange services that trade the GENE token.
We expect that the increase of users and number of smart contracts will 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 accept as payment for their services.
Our Team has a proven track record in developing technologies that can scale to global level and build and execute successful business models. PARKGENE is based on the MVP - commercially available PARKGURU service which is already operating in Europe and North America with more than 50.000 users.
Cities are facing critical issues of traffic jams with a significant rise in vehicle population and congestion levels. The Parking industry annual revenues is $100 Billion and growing.
As trust and familiarity with sharing economy services continue to grow so will the number of users. Examples such as Uber and Airbnb set the pace for the future. Parking is a major issue for anyone living in cities and P2P parking is set to grow exponentially.
Autonomous cars that park without a driver, require services that can legally secure and book parking spots. Tomorrow's cars will drive book park and pay automatically while their owners enjoy living and working in the city.
GENE token sale related FAQ
GENE is a ERC20 token issued on Ethereum blockchain. Token holders can easily store and manage their GENE tokens using existing Ethereum clients including official Ethereum wallet, Mist, Parity, MyEtherWallet.com, MetaMask. Please make sure that you use a ERC20 compatible wallet otherwise you will lose your tokens.
What is the gas limit?
All transactions, from simple transfers to ICO smart contracts, require some amount of operations to perform. Each of these operations has an associated cost in gas. Thus, simple transactions like transfers will require less gas to perform than more intense smart contracts.
When transfering ETH from your wallet to the ETHEREUM Address provided by the token sale platform you need to add certain amount for gas.
The recommended gas limit is 150 000 GAS which cost 0.00000002 Ether (20 Gwei).
No, because GENE is a token issued on Ethereum blockchain, so you need to have an Ethereum address to receive and store your GENE tokens. You can use any Ethereum wallet: Ethereum wallet, Mist, Parity, MyEtherWallet.com, MetaMask or any other wallet where you have access to the wallet private keys.
Do not deposit Ethereum to the ICO using the cryptocurrency exchange account! You don’t own your crypto-exchange ETH address private key, so will not be able to access your GENE tokens!
In case the funds or cryptocurrency is credited to the wallet of the project after the actual end of the Token Sale, it will be returned to the sender’s wallet at the current exchange rate without conversion. What the user will receive back to his sending wallet address will be the exact amount of cryptocurrency reduced by the value of commission/gas for processing the payment.
You can check you GENE tokens balance inside the token sale platform at https://tokensale.parkgene.io. The tokens will be distributed to the participants wallets (ERC20 compatible) after the ICO ends.
When we announce that the GENE Tokens are distributed to the participants, if you don’t see your token balance in your ERC20 wallet, you should add a custom token. In the address field insert 0x6dd4e4aad29a40edd6a409b9c1625186c9855b4d, enter the token symbol (GENE) and decimals (8). After that you should be able to see your balance.
The PARKGENE Bounty program rewards all users who help us spread the word of our Token Sale and unique project around. It is based on creating unique referral links, for anyone who will register in our token sale platform, which can be shared electronically through social media etc. Every user who shares this personilized referral link will receive 5% bonus on the total amount of GENE tokens bought by their referred friends.
Anyone can participate in the PARKGENE Bounty program, whether they buy GENE tokens or not.
Payments will be made within a week after the end of the Token Sale.
GENE token is a digital/software utility product which is not a security and which does not provide any ownership rights. It is a way for you to book a parking spot on our website or mobile App.You can either buy the GENE in advance, or at the moment of placing an order for a parking spot listing from our marketplace.
Holding a GENE Token is not an Investment in securities (ie shares or debt of a company). GENE Token is the payment mean for participating as a driver or parking owner in the PARKGENE Peer to Peer parking platform.
The overall demand and supply of GENE Tokens in the market will determine the underlying value against FIAT or other Currencies. Nevertheless this will not influence the actual price in FIAT that someone will pay for the parking.
Some of you may buy GENE Tokens with a view of investing towards a future appreciation of the GENE Token exchange values. Although this is not the primary scope of the GENE Token you are free to do it, if you wish.
To build wealth over time, investors need to accept certain levels of risk. The main general risks associated with investing are as follows:
Everyone can participate in the GENE Token Sale. As said, GENE is not a security. It is a utility token used for P2P Parking services.
GENE tokens have no expiration and it is up to you to decide whether you want to use it for park booking accomodation on our website/ App or to re-sell it at your own will to someone else.
PARKGENE introduces the following Vesting model for the core team:
Despite the Vesting period limitations, all the development team, key personnel and founders have a strong relationship with the successful future of the business so we do not expect that they will dispose their tokens in any way that could create problems to the GENE market value.
PARKGENE will use a multi-signature wallet to store the raised funds.
PARKGENE business related FAQ
Fiat currency will be accepted only as a mean for GENE purchase on the PARKGENE market, and will immediately be converted to GENE. The decentralized PARKGENE ledger will function solely with the native GENE token. Fiat is accepted only to provide an easier way for inexperienced users to directly purchase the digital token on the marketplace at the time of the park booking (instead of going through an exchange and buying Ethereum first). The decentralized backend/engine that handles the bookings, and all transactions between clients and hotels will operate solely in GENE.
PARKGENE Ltd is incorporated in Singapore with the representative office in Athens (Greece).
It is in our interest to implement everything according to the Roadmap, since we analyzed, planned and compiled Roadmap. All projects and tasks in the Roadmap are the result of the accumulated need for each of them. We will implement all the goals in any case, but with a successful Token Sale we will be able to do it much faster, and at the same time we will help all our partners and participants of crowdsale to earn and succeed from our unique approach to a common problem (parking in cities) which everyone is faceing on a daily basis.
PARKGENE has clonned the PARKGURU Technology to create its own version of Peer to Peer parking booking but has also expanded it by the addition of smart sensors,, remote controls and Artificial Intelligence algorithms to make PARKGENE unique in its kind. Additionally the implementation of cryptocurrency payments and GENE Tokens is already in development and expect that will be released no more than 1 month after the end of the Token Sale
In wimple words, we are ready!!
There are no operational or technology risks in achieveing what we have disclosed in our White Paper.
PARKGENE has already thought about it.
Lets start from the user experience. When the driver comes close to your garage door it requests access by pressing a button in the app. The PARKGENE platform checks the driver location and if he is very close to the garage door it presents him with an open / close button within the app. From there the driver opens the door and parks his car. On his way out, he presses the close button and closes the garage door. The same applies when he comes to pick up his car and leave the garage. On any event, you are notified and you can monitor the entrance/ exit from your mobile phone and through the PARKGENE App.
To smake things so simple, PARKGENE has developed three technologies.
PARKGENE Future Fund will initially hold the 40% of the total issued GENE Tokens (i.e. 400,000,000 GENE Tokens). The fund will use the tokens to achieve its Future goals towards becoming the Global Leader in P2P Parking market. Some of the ways that the PARKGENE Future Fund will use these tokens are
The Future Fund will make official announcements on when and where GENE Tokens have been used. The announcements will be made at the PARKGENE’s Web Site at http://parkgene.io
PARKGENE Charity Fund will initially receive any unallocated GENE Tokens from the Bounty Program after the Token Sale completes. Additionally it will receive remaining award tokens from parking smart contracts which have not been fully utilized after 1 month from their completion (functionality of the PARKGENE Smart Contract). The Charity Fund may also receive donations from 3rd Parties, including any donations available from the PARKGENE Development Fund.
PARKGENE Charity Fund will donate up to 5% of its assets on a yearly basis to charitable purposes related to the Parking and Automotive industry. These purpose could include
PARKGENE Charity Fund will make official announcements on when and where GENE Tokens have been used. The announcements will be made at the PARKGENE’s Web Site at https://parkgene.io
Internet entrepreneur envolved in a series of succesful Consumer Internet and AdTech startups. He has also worked for Google and JWT.
Passionate about cryptocurrencies, he is working with blockchain startups to advance the use of the technology and writes weekly in Dailyfintech.com about Bitcoin, Blockchain and Crypto.
Experienced market participant with a demonstrated history of working in the investment management industry with a proven track record.
Extensive skill set includes multi asset portfolio management, fund selection, equity valuation, as well as derivative pricing and market making.
15 years experience as senior software engineer, software architect, team supervisor.
3+ years experience as Software Research and Development Director in multinational software companies.
Tasos has over 20 years of digital strategy and interactive entertainment experience with a career spanning commercial, production, operations, and product senior management roles. He’s an entrepreneur and a gaming industry pioneer in Greece having shipped many successful products to the global market.
An accomplished, results-driven Executive Director with over 20 years of demonstrated success directing business and technology operations towards profitability and productivity.
Our team consists of more than 16 developers, 5 sales, 3 finance, 3 marketing and 3 business development experts to ensure that PARKGENE will meet its goals
Involved with Bitcoin and blockchains since 2012. Founder of the world's first academic degree on blockchains (MSc in Digital Currency, University of Nicosia). Has also set up AUEB's Fintech Lab and is regularly involved in advising roles regarding blockchain strategy design and implementation.
Over 30 years of experience in growing companies worldwide spanning from financial markets to virtual reality. CEO of ConversionPros, and founder of TokenTarget. Passionate about blockchain based projects, with special interest in ICO and Post-ICO marketing.
A seasoned professional in the IT and Transportation industry. He has worked on numerous smartcity, IOT projects. Lately he organized the Blockchain Innovation Lab for the RTA of Dubai while also researching IOT, Autonomous Vehicles, Smart Parking, etc
“A.K.,” as he is known in the Valley, has 30 years of executive management and venture capital experience. He is currently Managing Partner in Odyssey Venture Partners, Athens, Greece & Palo Alto, CA, USA a Venture capital firm investing in the Information and Communication Technology sector
Co-founder and CEO of ParkZen LLC (parkzenapp.com), a smartphone app service that utilizes data analysis algorithms to locate faster free curbside parking. Assistant Professor at Louisiana State University working on a variety of research projects in collaboration with local and external scientists.
Director in MIT Auto-ID Laboratory. He has also worked for Harvard, Stanford, IESE, INSEAD and earlier for the Boston Consulting Group. Researches disruptive IoT/AI in digital learning, electric vehicles, retail supply chain, and cryptocurrencies/ blockchain.
Professional with 20 years’ experience in the parking industry with in-depth knowledge and experience, specialising in parking management/policy, contract management/procurement, service reviews as well as parking design and Civil Enforcement, within both Local Authority and the private sector.
Mixalis is a well known actor in Greece and Cyprus. He has studied Economics at the Athens University of Business and Acting at Athens Drama School. He has participated in numerous films, TV Serials and Theater plays. He is involved in technology and follows all new developments including blockchain and cryptocurrencies.
He started his career as a quantitative researcher at Morgan Stanley, where he was developing trading algorithms to facilitate client execution, responsible for more than 10% of the daily volume in the equity markets globally. Passionate about the latest developments in mathematics, blockchain and crypto-currency.
An American stand-up comedian from Hawthorne, New Jersey. He has appeared on multiple shows on NBC and Comedy Central. He was awarded ``The Impact Player of 2005`` and was in ``The Ten Funniest New Yorkers You’ve Never Heard Of`` list published by New York magazine.
Co-founder of Day1 Technologies, an artificial intelligence based mobility solutions company dealing in apps powered by cryptocurrencies like ethereum and bitcoin. With 13 years of experience, Kim is a serial entrepreneur who has built several multi-million dollar enterprises in the technology space.
Drop us a line or give us a ring. We love to hear from you and are happy to answer any questions.