CoinMarketCap officially lists PARKGENE’s – GENE Token

A message to the PARKGENE community by PARKGENE CEO, Nikolas Skarlatos :

Dear Friends,

We are delighted to announce that CoinMarketCap, the number one trusted resource on cryptocurrency market information, has officially listed the GENE token here:
https://coinmarketcap.com/currencies/parkgene/

The official CoinMarketCap listing puts the GENE token at the heart of the cryptocurrency community and justifies our efforts of the past year. We want to thank the PARKGENE community for their support, since it was the trading and the community activity that drove the CoinMarketCap listing.

The CoinMarketCap official listing is another step forward for the GENE token:

  • The PARKGENE community can now get the most up-to-date and credible information on the GENE token’s financial indicators.
  • The CoinMarketCap listing helps with the token’s exposure to a wider cryptocurrency audience interested in the token itself but also in the PARKGENE business.
  • This way, PARKGENE business progress will be associated with the GENE token’s performance more effectively.
  • Finally, we continue to do our best to list the GENE token on other exchanges and the CoinMarketCap official listing will help in our efforts.

On the business side of things, we’d like to remind you that we’ve successfully launched the PARKGENE web service, integrated with the GENE Wallet, as well as the new website where parking spot owners can list their parking spots.

Also, on Monday, May 14th, as promised, we are launching additional enhancements to the GENE Wallet, along with a related announcement.

We continue to work towards the commercial roll-out of PARKGENE Service and our plan to release the Mobile Apps and Web Booking service on June 4th, 2018.

We will continue to keep you regularly updated with our progress.

Sincerely,
Nikolas Skarlatos,

CEO – PARKGENE

PARKGENE Status Update – April 23

Dear PARKGENE Supporters

We would like to share a quick update on some of the activities that have kept us busy in the past week:

  1. On Monday 26/4 we distributed the GENE Tokens to participants who passed the KYC process and provided an ETH Wallet address.
  2. The same morning we distributed the GENE Tokens to Bounty Hunters who provided their ETH Wallet address.
  3. The GENE Token, since then, has been accepted and trading in three exchanges (BTC-Alpha, Bitpaction, GETbtc)
  4. Trading during week 1 was dominated by sellers who have put a pressure on the GENE Token price, currently trading around $0,012.
  5. Our Team has been supporting all participants and new interested users around the clock on our Telegram Channel and Email.
  6. On the business front we are getting ready for the official launch of the PARKGENE Peer-to-Peer Parking service which is fully integrated with GENE Token and other Cryptocurrency payments.
  7. The GENE Wallet, acting as the payment gateway for the Parking App is already available on Google Play Store while the iOS Version is under review from the AppStore. We believe that the documentation provided to Apple will allow them to list the App soon. We will keep you posted on this.
    The GENE WALLET for Android can be found here at the Google Play Store
  8. We have made the strategic decision to integrate the PARKGENE Peer-to-Peer application with the existing PARKGURU application, so that users are able to access all types of available parking options from one app, using GENE Tokens for payment. This is a major development as it puts PARKGENE at the heart of our 60K+ user community and will drive significant demand for the GENE Token.
  9. We are working with sites like CoinMarketCap to list the GENE token.
  10. We are also in discussions with several Exchanges that could offer significant liquidity to the GENE Token.

 

Next Steps:
We are working hard on executing our roadmap and our next steps include the following:

  1. We are launching the new PARKGENE WebSite for the new PARKGENE Service by May 7th, which allows users to list their parking spot. Approximately one week later we are launching the service that includes the Mobile Apps and a full Web interface.
  2. Next week (beginning of May) we are offering several enhancements to our GENE Wallet, such as ability to transfer In & Out, Bitcoin and Ethereum as well as the ability to trade GENE for Bitcoin or Ethereum and vice versa.
  3. There will be several Announcements on strategic partnerships that we have been working on, aimed to enhance the PARKGENE Ecosystem and the demand for GENE Tokens.

Please stay tuned for more information on the above and future PARKGENE developments.

PARKGENE Successfully completes its ICO

We are excited to announce that the PARKGENE crowdsale has come to a close.

We would firstly like to express our gratitude towards our community for their overwhelming support, and for believing in our vision.

Secondly, we would like to inform the community on our results:

  • Well over 10,000 participants are part of our project already by participating in the ICO, while more than 20,000 people have engaged with our social media channels sharing their support and enthusiasm throughout this campaign.
  • On the crowdsale, the last couple of weeks have led to a strong finish and our tally stands at a total of 294,850,587.33 tokens allocated out of a 350 Million supply.
  • Of the total tokens allocated, approximately 243 million are pending KYC before distribution, approximately 51 Million are pending banking clearances and 1 million tokens are allocated to the GENE wallet for sale to latecomers with a 25% bonus until the tokens are distributed to the participants and start trading in exchanges.
  • We will burn a minimum of 55,149,412.67 GENE Tokens which were not sold, together with any quantity of GENE Tokens which their participants fail the KYC or bank clearance.

 

KYC (Know Your Customer) procedure

The next step of the ICO is the necessary KYC phase before the distribution of the GENE token to the participants. Participants will have to complete the KYC check through the KYC section at https://tokensale.parkgene.io.

Bounty hunters do not need to go through the KYC check.

 

What’s next on the product / service offering

Our progress on the product front has us at the launch of the GENE wallet with more than 3500 thousand downloads within 5 days and just a few weeks away from the launch of the PARKGENE service.

For latecomers, there is a aforementioned limited supply of 1 million GENE tokens available for sale, only through the GENE wallet, offering a 25% bonus for purchases over $200. Download the GENE Wallet for Android from https://parkgene.io/walletgoogleplay

 

We will keep you regularly updated on the progress of the PARKGENE crowdsale activities and on the PARKGENE service through our website (https://parkgene.io), our Telegram channel (https://t.me/parkgene) and via Email.

 

The PARKGENE Team

 

About PARKGENE
PARKGENE PTE LTD is scalable blockchain-based platform that enables drivers to book parking directly from individual parking space owners at lower prices and with increased convenience. PARKGENE’s decentralized technology creates new parking spots in already crowded cities, which now remain unutilized, by enabling not only peer-to-peer but also the seamless integration of all existing parking technology. PARKGENE is issuing the GENE token, to be used as a means of payment for parking between drivers and parking spot owners.

 

 

PARKGENE Launches GENE Wallet and Announces GENE Debit Card

In-line with our product development roadmap we are happy to announce the launch of GENE Wallet and the addition of the GENE Card as an extension of the PARKGENE ecosystem. These offer massive growth potential for the GENE token as a means of payment for numerous types of transactions and merchants.

You can find out about the GENE wallet  here: https://parkgene.io/wallet

The launch of  the GENE Wallet and the GENE Card, comes as a result of our continuous research and development effort in making PARKGENE the standard for the next generation Parking Market and enable the GENE Token to become the primary means of payment for all automotive industry payments.

We firstly enable users to store their GENE tokens – secondly store other cryptocurrency as well as FIAT currency and to use the wallet to pay for services across the PARKGENE and the automotive industry ecosystems,  as well as spending their cryptocurrency for traditional payments of any kind.

’We are excited to launch the GENE Wallet, a powerful, convenient, and differentiated multi-cryptocurrency wallet, for iOS and Android, able to store Ether, BTC, GENE and other ERC-20 Tokens and handle credit and debit cards for FIAT transactions’’ said John Zarifis, CTO of PARKGENE, “In addition to the GENE Mobile Wallet launch, we are adding E-Money / Debit Card Functionality with the addition of the GENE Card, planned for Q3 2018, in our roadmap. Users will be able to connect their GENE wallet to a physical card through which they can buy products and services using FIAT currency. The GENE Card will provide a powerful, easy, and flexible way to exchange cryptocurrencies to FIAT by utilizing real-time dynamic algorithms to maximize the user’s Crypto currency portfolio value”.

The GENE Wallet

The GENE Wallet initial release brings a standard set of features with everything you would expect from a robust mobile wallet application.

The GENE Wallet will allow users to conveniently store, buy, and redeem GENE tokens from day 1, while Bitcoin and ETH are already integrated and their full functionality will be available before March 15.

The GENE Wallet will also establish a new high-volume acquisition channel for PARKGENE P2P Parking service and present cross selling opportunities for related automotive industry products and services through the GENE Wallet API, further increasing demand for GENE tokens across sectors.

Transactions between GENE Wallets for any cryptocurrency carry zero commission.  Additionally, GENE tokens will be the means of payment for transaction fees outside the ecosystem with 33% of these tokens being burned.

GENE Mobile Wallet v 1.0 Features

  • ERC-20 wallet for storing GENE tokens and other ERC-20 tokens, integrated in the future
  • Wallet for storing Bitcoin and Ethereum
  • Advanced security with cold-storage for all cryptocurrencies and GENE Tokens
  • Buy GENE tokens using credit/debit cards during the ICO with 50% Bonus
  • Supports buy, deposit, and withdrawal of GENE tokens (after ICO)
  • Airdrop of 50 free GENE tokens for each new user registration
  • Referral bonuses (in GENE Tokens) for community sharing actions

What to expect in future releases

  • BTC and Ethereum will be supported in the next version
    • Buy using credit/debit cards
    • Supports deposits and withdrawals
    • Cold storage
  • More cryptocurrencies supported – including ERC-20 tokens
  • GENE Debit Card
  • API / SDK to provide developers the ability to tap into the GENE wallet ecosystem as a cryptocurrency payment option. This way GENE wallet users can tap into innovative peer-to-peer and professional services in one of the most rapidly developing industrial and service sectors, the Automotive industry.
  • Exchange services for supported cryptocurrencies.

 “We are very excited that we are able to offer PARKGENE customers a world of automotive services in one convenient application. We foresee enormous growth in the smart automotive products and services space and are launching the PARKGENE wallet to better tap into this ecosystem and to take advantage of growth opportunities.”  – Louis Hatzis, CEO PARKGENE

Availability

The GENE wallet application is a mobile application available at the Google Play Store for Android devices. An IOS version is pending release in the Apple Store. The E-Money Debit Card Functionality is planned for Q3, 2018. The GENE wallet API/SDK is available Q2, 2018.

About PARKGENE
PARKGENE PTE LTD is scalable blockchain-based platform that enables drivers to book parking directly from individual parking space owners at lower prices and with increased convenience. PARKGENE’s decentralized technology creates new parking spots in already crowded cities, which now remain unutilized, by enabling not only peer-to-peer but also the seamless integration of all existing parking technology. PARKGENE is issuing the GENE token, to be used as a means of payment for parking between drivers and parking spot owners.

 

 

PARKGENE Is One Step Closer To Becoming The Airbnb Of Parking

PARKGENE, the world’s first shared mobility platform, blows past its sales targets during the first two weeks of its ICO. With 60 million tokens sold during the first two weeks of its ICO, PARKGENE is on track to becoming a household name in shared parking services.


As anyone who drives in large cities knows well, finding parking is oftentimes not just a nightmare but, in most cases, prohibitively expensive as well. PARKGENE, the first parking booking service on the blockchain, plans to put an end to driver parking woes, with their ground-breaking peer-to-peer parking platform.

PARKGENE’s aim is to become the Airbnb of the parking industry, and if the first two weeks of their public ICO is an indication, they are well on their way to making it happen. The company has already passed its pre-ICO target of selling 20 million GENE tokens during their closed round last December. After the second week of the public sale, they’ve reached 60 million tokens sold, and PARKGENE is confident they can reach their goal of 350 million tokens sold by the time the ICO ends.

PARKGENE – The Solution for Commuters’ Parking Woes

PARKGENE has adopted an Airbnb-like business model so that parking owners and drivers can directly interact with each other.  Drivers are looking for convenient and cost-effective parking, and herein lies the problem: The parking business is a $100 billion industry globally, but it’s riddled with intermediaries taking large commissions to match drivers with parking owners. This means that drivers pay more and parking space owners make less.

Airbnb originally set out to solve similar issues for travel accommodation and has certainly proven a viable model in the crowdsharing ecosystem. They have announced recently that the company will show $100 million in cash flow profitability for 2017, and is expected to launch its IPO later this year. Airbnb’s success has come at a slow burn as users have driven the home sharing app from obscurity to worldwide success over its 10-year history. There’s no doubt that the sharing economy is booming, and PARKGENE’s timing to introduce blockchain technology to the ecosystem, couldn’t’ be better.

The PARKGENE platform, powered by its GENE token, aims to be a serious game-changer by connecting drivers and parking owners directly through its smart-contract system. The platform allows drivers to easily locate and book parking spots in the most convenient location and at the most competitive price. All transactions use GENE tokens, and the PARKGENE vision is to establish it as the default currency for the automotive industry. That may be a bold vision, but the company is already planning for the future:

“At the moment, parking remains an inefficient industry but not for long,” says Parkgene CEO Louis Hatzis. “The parking industry will undergo major changes in the next 5-10 years as autonomous cars will need to park themselves and pay for parking. Moreover, big carmakers, namely VW and BMW, are starting to position themselves in the industry through acquisitions of regional players, and we’re seeing reports of accelerated use of mobile phone parking bookings in the US,” he adds. Hatzis believes that these are strong indicators to purchase GENE tokens today.

PARKGENE - The Solution for Commuters' Parking Woes 

Going Forward – After the ICO and Beyond

Once the ICO is completed, PARKGENE will run an aggressive marketing campaign with the goal of making PARKGENE a household name. PARKGENE has already enjoyed successes with their existing app that has integrated 18,000 parking spots and 50,000 users in the first six months of its launch. Being the first parking booking service on the blockchain gives the company the traction to become the foremost parking booking platform in the world.

Funds collected through their ICO will drive the next phase of platform development, which PARKGENE plans to expand into large cities in Greece, Britain, Russia and eventually the US, Asia and South America. Their first focus is on Athens, where they already have a presence, and then they will quickly scale to establish PARKGENE in large cities like London, Manchester, Paris, Rome, and Milan, and expand further to St. Petersburg, Moscow, Chicago, Los Angeles and New York.

PARKGENE is working with ICOBox, the world’s largest provider of SaaS solutions for ICOs. The company is also the first ICO to have ever partnered with NetRoadshow, the trusted name in providing U.S. Securities & Exchange Commission (SEC) compliant online solutions for the global investment banking community, to bring in institutional backers.

PARKGENE also recently appointed a new advisor, Gal Ron, a  startup veteran with over 30 years of experience in forming, running, and growing companies worldwide in industries spanning from financial markets to virtual reality. He’s currently director and CEO of ConversionPros, as well as the founder of TokenTarget.  Gal is passionate about the marketing and sales side of blockchain based projects, with a special interest in ICO and Post-ICO marketing and these are the areas he is collaborating actively with PARKGENE.

GENE tokens are available for sale with no minimum or maximum purchase requirements and are offered at USD $0.10. The ICO is presently in its third week, offering volume discounts and bonuses. For more information about PARKGENE, please visit https://parkgene.io.

PARKGENE Roadshow Update – February 9, 2018

PARKGENE CEO, Ilias Hatzis and CFO Nikolas Skarlatos have been participating in several events around the world bringing the PARKGENE ICO to the Crypto community.

They visited Crypto Economy ICO 2018 in London, Crypto Economy ICO 2018 in Amsterdam, d10e in the Cayman Islands, 2nd Blockchain Middle East Forum in Dubai, and will be visiting several more until the end of the ICO and beyond.

The purpose of these trips has been to meet with interested parties and introduce PARKGENE to the ICO and Crypto communities. The PARKGENE executives met with Fund Managers, with partners we work with, with opinion leaders in the crypto space, with media, and with PARKGENE backers. They participated in presentations, workshops, panel discussions on legal, marketing, valuation etc.

They also participated in Post ICO panel discussions, met with several exchanges and participated in several networking events.

So far, the PARKGENE roadshow has been very productive and useful. We will let you know more about the PARKGENE roadshow as it continues.

How PARKGENE Works

PARKGENE is a game-changer in shared Mobility services, with a vision to establish the GENE token as the automotive industry standard means of payment.

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.

PARKGENE GENE token flow

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).

Click HERE to participate in the PARKGENE ICO

Cryptocurrency Volatility Protection for GENE Token Buyers

SINGAPORE, ATHENS, LONDON. Thursday January 25, 2018

PARKGENE announced today that it offers downside and upside protection against cryptocurrency volatility for GENE token holders.

 

“Having listened to our community’s concerns regarding the volatility of their cryptocurrency positions, we have decided to help alleviate the concerns of crypto appreciating or depreciating during the course of our ICO, offering guaranteed protections, both in the upside as well as the downside”, said Nikolas Skarlatos, CFO of PARKGENE.

The Volatility Protection scheme is further detailed below with the following two protections offered:

 

  1. Up to 20% upside guaranteed

If the digital asset exchanged for tokens appreciates, the token holder will get extra tokens up to 20% of the upside.

 

  1. Downside protection against any downside risk

If you have purchased GENE tokens using cryptocurrency, we will lock the number of tokens against the crypto price at the time of the purchase.

 

 

More specifically, below you can find the upside-protection level based on participation:

Participation Value   Upside Price Protection
$2,000 – $5,000 10%
$5,001 – $10,000 15%
$10,001 + 20%

 

If the digital asset exchanged for the tokens appreciates, the token holder will be able to benefit from this as his tokens will be recalculated up to a certain percentage based on volume (see table above).

Please note:

  • These recalculations will only involve the tokens allocated from the sale transaction. The adjustment does not apply to bonus tokens.
  • Recalculations are made daily (for reference) and the final calculations will take place on February 19, 2018 or at any point that our hard cap is reached and the ICO is sold-out.

To better understand how the Volatility Protection works please see the examples below:

Example 1: You’ve purchased 95,000 GENE with 1 BTC at $9,500 USD/BTC. At the end of the ICO, BTC has appreciated to $13,000 (a 36.8% appreciation) you will receive 15% more tokens. (14,250 additional tokens)

Example 2: You’ve purchased 95,000 GENE with 1 BTC at $9,500 USD/BTC. At the end of the ICO, BTC has fallen to $7,000 (a 26.3% depreciation) your purchase is not affected by the price decline

Example 3: You’ve purchased 95,000 GENE with 1 BTC at $9,500 USD/BTC. At the end of the ICO 1 BTC has appreciated to $10,500 (a 10.52% appreciation) you will receive 10.52% more tokens (9,994 additional tokens)

 

PARKGENE ICO Now Accepting PayPal Payments

The PARKGENE ICO has successfully completed its closed round and is on its second week of the ICO. To-date, more than 48 million GENE tokens have been sold. We are happy to announce that we are well on our way of reaching our 60 million token milestone and the PARKGENE community is growing at a rapid pace.

During this period, we have been in close touch with the community and very responsive in answering questions and addressing member concerns and recommendations.

Responding to many of our community members, who are interested in PARKGENE, but are very new to the crypto world, apart from accepting FIAT payments via wire transfer, we decided to also accept payments via PayPal.

Now anyone can buy GENE Tokens online and in real time, via PayPal connected bank accounts or credit/debit cards.

Click HERE to buy GENE tokens using PayPal

Cryptocurrency Gene eyes global parking market – Article on Kathimerini

By VANGELIS MANDRAVELIS

The Greek answer to Bitcoin is Gene, created by the ParkGene company, and is trading on the online market with relative success.

Singapore-based ParkGene is practically run from Athens, where its founding team is located. Since end-December it has been extremely busy, having started its own initial coin offering (ICO), which has done quite well considering it has already sold more than 42 million Genes. The coins sold are valued at $4.2 million (3.44 million euros) and its target is to reach $35 million by February 19. This capital will allow the company to promote Gene around the world, with the aim of selling 1 billion units.

So what can you buy with Genes? To start with, “you will be able to rent parking spaces,” says ParkGene head Ilias Hatzis, the man behind the Greek cryptocurrency. “It’s like Airbnb for your car,” he explains, noting that the company’s aim is to penetrate the international parking market, valued at $100 billion per year.

According to Hatzis, when a car leaves its parking spot, for instance when its driver goes to work, the space is re-leased and can be used by someone visiting the area. There could be an exchange between the two drivers, with ParkGene collecting a small commission – in Genes.

Source: eKathimerini.com